is currently trading as if it has 4.5 million subscribers! This is a number that most analysts do not expect to come about till 2007. Buyer Beware!
Has/had good potential but god knows WTF they are doing right now. Still almost no revenues, absurd costs, heavy advertising but no real results. I figured by now they would have had something going on but guess not.
I love siri long term. Perhaps it has moved up a little to fast. Profit takers will come in, but the buyers will see a baragain and bid the price back up. Only concern is the 3.7 Billion dollar market cap. Fear of a reverse split.
Ouch! hard to place any kind of butterfly with that spread! But the volatility is good. Maybe leg into a diagonal calendar spread...?
So far wrong on both counts. Not that it can't eventually happen. Quote from ertrader1 "LOL.....ET stupidity allways puts a smile on my face......"
Tobin Smith from Bulls N Bears on Fox said that SIRI will be a $10 stock by the end of 2004. I agree. A few weeks ago he said that IMOS would double in 2004, well it doubled in less than 2 weeks after he said it.