Sirius: Why You Should Never Buy Because it is Cheap

Via AfraidToTrade.com - Remember hearing all about how wonderful the Sirius/XM Satellite Radio (NASDAQ:SIRI) merger was and how you should be buying stock and especially that you should buy because price was around $2.00 or $3.00.  Shares of SIRI are now at 12 Cents.

Remember also the hype around the XM Satellite Radio merger and how that was discussed so frequently at the time.  Notice that on the week of the merger, almost 800 million shares traded hands that week - a phenomenal, staggering amount.  However, the best play at the time was the one that was far from obvious - you should have shorted aggressively at that point rather than bought aggressively.

Keep Reading at AfraidToTrade.com - Click Here

SOURCE: http://blog.afraidtotrade.com/sirius-siri-why-you-should-never-buy-becau...