Sirius XM Radio Tough September (Nasdaq:SIRI)
Sirius XM Radio Inc.( Nasdaq: SIRI ) has had a month to remember, growing 64%, while the Nasdaq was just 3.75%. September is historically, a very difficult time for stock gains as people are depressed about going back to work and the joy of summer having officially worn off. While we all love a success story, it remains to be seen whether or not Sirius will go the route we predicted earlier, or if it will drop like the rest of the market. The Obama administration continues to produce that doom and gloom the market loves. The market is either going through a bear bounce, or it actually has some hope for the future.
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No matter what the economy does, this is going to be a tight Christmas for all of America. This means retail sales will be down all across the board, but could still be higher than what analysts are predicting. Sirius XM Radio ( SIRI ) is either posed to be a breakout hit of the fall, or just sit and flounder for another year. Sirius XM has continually gotten better at making more of each dollar that they bring in, the trend will continue.
At the time of writing Nasdaq:SIRI opened at .69.