Algokid
Long

Bullish on SIRIUS XM RADIO

BATS:SIRI   SIRIUS XM HLDGS INC
373 5 1
SIRI             has broken it 's resistance around 2.50 . Although there 's more resistance level to be broken, I'm bullish on the stock.

Another reason I like this stock, is the insider buying action during the month of August by Liberty Media Corp. For the month of August , the bought the following

Aug 10 -14 - 89.9 million shares
Aug 24 - 28 - 4.2 million shares
Aug 29 -31 - 24.3 million shares

The company currently hold 3.1 billion shares of Sirius , which represent 48.6 % stake. They have intention to increase this stake to 50 % + .

Q2 showed revenue was up by 13 % , and the number of subscribers reached a all time high of 23 million. Most analyst have a target of 4.50 - 4.75 for the stock, I'm a bit conservative with a target @ 4.01. I have a stop loss@ 2.10.

There ' s a lot of activity on this stock, on Aug 9th, someone bough 35,000 JAN2014 calls option contract at 0.24............
And Done. Covering my call options on SIRI. Will reconsider buying more if the stock is above $ 3.25
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admin Algokid
Well done
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Finally moving , close to the first resistance. Plan to close some of my JAN 13 , $4 calls
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Agreed.
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Agreed.
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