SIRI - Page 2 - Penny Stocks

rigmedic · Fri, 07-28-2006, 03:31 PM

New High: +0.01. Next resistance 4.10

Alriiiiight!

rigmedic · Fri, 07-28-2006, 03:52 PM

While I don't particularily like Jim Cramer, this is good.

XM Trims Guidance

By Scott Moritz
Senior Writer
7/27/2006 10:10 AM EDT

Updated from 9:30 a.m.

XM Satellite Radio (XMSR - commentary - Cramer's Take) shares hit a three-year low early Thursday after the company cut its subscriber growth forecast for the second time this year.

XM shares opened sharply lower, down 7% at $9.63, but they then recovered to trade up 4 cents at $10.40.

The Washington, D.C., pay radio shop says it now has more than 7 million users. But citing increased competition and radio troubles, XM cut its year-end subscriber target to about 8 million. XM started the year with a goal of hitting the 9 million user mark. But in May, as rival Sirius (SIRI - commentary - Cramer's Take) started to gain market share, the company cut its year-end estimate to 8.5 million users.

Though it now is counting on signing up a million fewer paying customers by year-end, XM says it still expects to turn cash-flow positive in 2006. But the company admits that may not be easy. Reaching cash flow positive "becomes challenging toward the lower end of the subscriber range," the company said in a press release Thursday.

For the second quarter, XM posted a net loss of $229 million, or 87 cents a share, on sales of $228 million. Those numbers compare with a net loss of $147 million, or 70 cents a share, on revenue of $125 million in the year-ago quarter.

Excluding $105 million in special charges and debt payback, XM's second quarter pro forma loss was $46 million. That number compares with a $88 million adjusted loss in the year-ago quarter.

XM's costs to acquire customers grew from year-ago levels. The subscriber acquisition cost, or SAC, in the second quarter was $64 per acquired subscriber, compared with $50 a year ago. And the cost per gross addition, or CPGA, was $112 in the second quarter, higher than the $98 level a year ago.

The customer defection rate also increased at XM in the second quarter. The termination or monthly churn rate in the second quarter was 1.8%, compared with 1.4% in the year-ago period.

Sirius has taken the lead on the two-player satellite radio subscriber growth race this year, largely because of the debut of the Howard Stern show. XM's net new subscriber additions in the second quarter totaled 398,012, giving the company a total of 6,899,871 subscribers.

As Sirius announced earlier this month, the New York broadcaster added 600,460 net new users, pushing its subscriber roll to 4.7 million. The company has said its year-end target is 6.2 million users.

Sirius is due to post quarterly results Tuesday morning.

rigmedic · Fri, 07-28-2006, 04:20 PM

New High: +0.01. Next resistance 4.22 from 7/19/2006.

GREAT!!

mjbommar · Sat, 07-29-2006, 01:58 PM

stock_analyzer, I called that EOD panic run

Given the last two sessions, I think the declining volume from the 23rd to the 26th signalled a true reversal.

Look to weekend news for more on FCC regulations and subscriptions, and as with any big board stock, the NASDAQ futures; if the market looks good, I think next resistance might not be until EMA50 at 4.29, but watch L2 for any MM walls. If the market looks bad, we should have strong support between 4 and 4.05, with resistance around our close Friday.

As you can see though, we still have plenty of room to the upside.

GLTA

Wed, 08-09-2006, 09:10 AM

Possible set up again off doji candle here yesterday

stolibox · Wed, 08-09-2006, 05:57 PM

maybe to 4.20 range? looks good down here. selling volume going away

Fri, 08-18-2006, 12:26 PM

Coming up to maybe test 22 MA line at 3.90 here

Fri, 08-18-2006, 02:40 PM

Boing, 3.90 thank you!

Quote:

Originally Posted by Stock_Analyzer

Possible set up again off doji candle here yesterday

nikkofiore · Thu, 08-24-2006, 08:08 PM

Bought @ 3.79 sold today @ 4.09.....I guess no one ever got hurt taking a profit, but was that the right thing? Kind of hoping it will come back down to the $3.70 / $380 range to buy back in. Anyone playing this the same way

Thu, 08-24-2006, 09:33 PM

me, its been a nice trade so far

Fri, 07-28-2006, 03:31 PM	#11 (permalink)
rigmedic Member Join Date: May 2005 Location: Alberta, Canada Posts: 38	more! New High: +0.01. Next resistance 4.10 Alriiiiight!

Fri, 07-28-2006, 03:52 PM	#12 (permalink)
rigmedic Member Join Date: May 2005 Location: Alberta, Canada Posts: 38	serious talk. While I don't particularily like Jim Cramer, this is good. XM Trims Guidance By Scott Moritz Senior Writer 7/27/2006 10:10 AM EDT Updated from 9:30 a.m. XM Satellite Radio (XMSR - commentary - Cramer's Take) shares hit a three-year low early Thursday after the company cut its subscriber growth forecast for the second time this year. XM shares opened sharply lower, down 7% at $9.63, but they then recovered to trade up 4 cents at $10.40. The Washington, D.C., pay radio shop says it now has more than 7 million users. But citing increased competition and radio troubles, XM cut its year-end subscriber target to about 8 million. XM started the year with a goal of hitting the 9 million user mark. But in May, as rival Sirius (SIRI - commentary - Cramer's Take) started to gain market share, the company cut its year-end estimate to 8.5 million users. Though it now is counting on signing up a million fewer paying customers by year-end, XM says it still expects to turn cash-flow positive in 2006. But the company admits that may not be easy. Reaching cash flow positive "becomes challenging toward the lower end of the subscriber range," the company said in a press release Thursday. For the second quarter, XM posted a net loss of $229 million, or 87 cents a share, on sales of $228 million. Those numbers compare with a net loss of $147 million, or 70 cents a share, on revenue of $125 million in the year-ago quarter. Excluding $105 million in special charges and debt payback, XM's second quarter pro forma loss was $46 million. That number compares with a $88 million adjusted loss in the year-ago quarter. XM's costs to acquire customers grew from year-ago levels. The subscriber acquisition cost, or SAC, in the second quarter was $64 per acquired subscriber, compared with $50 a year ago. And the cost per gross addition, or CPGA, was $112 in the second quarter, higher than the $98 level a year ago. The customer defection rate also increased at XM in the second quarter. The termination or monthly churn rate in the second quarter was 1.8%, compared with 1.4% in the year-ago period. Sirius has taken the lead on the two-player satellite radio subscriber growth race this year, largely because of the debut of the Howard Stern show. XM's net new subscriber additions in the second quarter totaled 398,012, giving the company a total of 6,899,871 subscribers. As Sirius announced earlier this month, the New York broadcaster added 600,460 net new users, pushing its subscriber roll to 4.7 million. The company has said its year-end target is 6.2 million users. Sirius is due to post quarterly results Tuesday morning.

Fri, 07-28-2006, 04:20 PM	#13 (permalink)
rigmedic Member Join Date: May 2005 Location: Alberta, Canada Posts: 38	outstanding New High: +0.01. Next resistance 4.22 from 7/19/2006. GREAT!!

Wed, 08-09-2006, 05:57 PM	#16 (permalink)
stolibox Member Join Date: Aug 2005 Posts: 58	another pop maybe to 4.20 range? looks good down here. selling volume going away

Thu, 08-24-2006, 08:08 PM	#19 (permalink)
nikkofiore Member Join Date: Sep 2005 Location: hurricane alley Posts: 74	siri Bought @ 3.79 sold today @ 4.09.....I guess no one ever got hurt taking a profit, but was that the right thing? Kind of hoping it will come back down to the $3.70 / $380 range to buy back in. Anyone playing this the same way

Sat, 07-29-2006, 01:58 PM	#14 (permalink)
mjbommar Member Join Date: Jul 2006 Location: Ann Arbor, MI Posts: 67	stock_analyzer, I called that EOD panic run Given the last two sessions, I think the declining volume from the 23rd to the 26th signalled a true reversal. Look to weekend news for more on FCC regulations and subscriptions, and as with any big board stock, the NASDAQ futures; if the market looks good, I think next resistance might not be until EMA50 at 4.29, but watch L2 for any MM walls. If the market looks bad, we should have strong support between 4 and 4.05, with resistance around our close Friday. As you can see though, we still have plenty of room to the upside. GLTA

Wed, 08-09-2006, 09:10 AM	#15 (permalink)
Stock_Analyzer Posts: n/a	Possible set up again off doji candle here yesterday

Fri, 08-18-2006, 12:26 PM	#17 (permalink)
Stock_Analyzer Posts: n/a	Coming up to maybe test 22 MA line at 3.90 here

Thu, 08-24-2006, 09:33 PM	#20 (permalink)
Stock_Analyzer Posts: n/a	me, its been a nice trade so far

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