I was watching as Sirius third quarter subscribers numbers came in above estimates for the 5th time."Sirius Satellite Radio, which is based in New York, says it added 441,101 subscribers to reach a total of 5.1 million for the third quarter, a 135% jump from year-ago levels. This came in above the average estimate from analysts of 418,000 new subscribers. The company reaffirmed its target of reaching 6.3 million subscribers by the end of the year."
Shares dropped 3% on this news? Looks like the XM Director resigning and BofA securities analyst comments spooked investors.
Aside from this, Lazy Boy gains 8% today on news that a board member is leaving and that they are getting sued.
I feel like I'm taking crazy pills.
2 comments:
Alright, chris... I'm a DXD fan now.
Blind optimism. Now that the DJ actually broke that record high, people gain faith that the market is bullish.
All the wires are really pushing the news of the record high, inviting the small investors of the world to hop on board without any fear (or thought).
Pausing interest rate hikes because the economy is slowing is great for the short term, but people will notice the big picture soon.
agree slackers. There is a slowing economy where housing looks like it has plenty of room to fall and the dow continues to edge higher.
As for DXD i like it but im in QID at the moment, a bit more volatile than DXD. Most of the ultrabear proshares are sitting at 52 week lows. I dont see this rally lasting a little longer, possible 12,000, think there will be more money to make on the short side than long side soon.
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