Friday, February 17, 2006

Quick Trade Update

Taking a shot here on XM Satellite Radio (XMSR) via March 20 Call options (QSYCD). Picked up some contracts at 2.40. Their earnings weren't as strong as investors had hoped, and Sirius Satellite (SIRI) also disappointed. That said, I believe that the rather drastic drop in its share price is a bit overdone.

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