Re: Sirius Satellite Raido (SIRI)
I enjoy Howard and all and was listening when he made the annoucement, but as far as the stock goes, seems like a classic case of "buy on the rumor, sell on the news". Buying into feeding frenzies is generally not a good idea. As Ray pointed out, this is probably a great trading stock, much like the profitless internet stocks were in '99, but not a long term hold for the same reason the internet stocks weren't. Selling at 130X sales is a weeeee bit pricy. This has Howard's success priced in 10X over.
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