SIRIUS XM Losing Momentum (SIRI)

Posted in General 
August 26th, 2009

SIRIUS XM Radio Inc. (NASDAQ: SIRI) is still active but is also petering out from the gains over the last week.  We are still awaiting the ‘product announcement’ from the company.  At 9:01 AM EST we have seen some 700,000 shares trade hands.  We have a drop of about 0.6% at $0.691… Prior Hi/Low and volume of the last four days are as follows:
$0.74  $0.67    $0.70    77,352,600
$0.77  $0.69    $0.73    109,891,900
$0.78  $0.69    $0.70    175,461,300
$0.70  $0.62    $0.68    137,148,000

If the news does not come out or if the news is deemed a dud, this one has run from $0.54 less than two week s ago….

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