Tuesday, March 2, 2010

Still in The Game

It was a tough decision today whether to bail or to hold. The SIRI got up to .95 and we could have cut our loss in half. We held. There are great concerns that mutual funds and other institutions will drop their support for the stock if it gets delisted- this is not to mention all the "weak hands" will perpetuate the selling. I am confident that even the paper boy is playing this thing. The pros have a firm grip on this thing right now and it can be dangerous. Traded 300 million shares plus today and ended flat. Still a dangerous game....the next 48 hours are crucial.