Sunny Side Up

Is it the best day of the year? The Dow closed up today a sizable 380 points on some good new from Citigroup. The bank says its operated at a profit the first two months of the year. Kiss, hug and pat on the back Citi! Investors ate up the good news, sending financial stocks up and in turn the entire market.

It’s been nice to see the sentiment meter for the major indices finally do some moving and shaking. Today, sentiment for the Dow and S&P 500 is bullish while the Nasdaq is still lingering in the bearish territory. Come and join the party Nassy, its nice up here!

PredictWallStreet has updated their white paper to keep you informed on the latest performance of the PWS forecasts. Just last year, the forecasts beat the market by 65%. Check out the white paper to see how you can use the forecasts to help you in your investing decisions. There is also an email sign up now so you can get daily market updates sent right to your email (or iPhone of Blackberry).

Google (GOOG) fell below 300 down prompting some investors to think “Is Google a good buy?” Well, Google is always a good buy isn’t it? It isnt? Wait, you mean Google is not always the best company on the face of the planet planning for world domination and therefore a good buy? Well, it depends. Google is cheap when you compare it to the days when it was almost 700 bucks. But the reality is Google will most likely never hit that mark again. Mainly because most companies never do, take Apple and Microsoft’s highs after their IPO’s. Not to mention, the market of Google is mainly saturated. There is plenty of room and potential for growth, but for Google to ever hit those high notes again they better be coming out with something better than the internet itself. Investors at PredictWallStreet are feeling pretty good about Google. 66% of the predictors have predicted up. One month sentiment shows that sentiment is slowly moving up to become more bullish after several days of being pretty neutral. Interestingly, looking at the Star Performers the 4 and 5 star predictors have predicted down while the rest of the star performers have predicted down. So whether you want to go with the majority here or the creme de le creme is a tricky decisions. I have predicted up for GOOG because they way the general market has performed today and I think it will keep up most stocks for a bit.

We have Cliff Bars in the office and I know I said they taste like cardboard before but I would like to retract that statement because the chocolate chip one is beginning to grow on me a little bit.

Starstruck

If I can’t be outside enjoying this beautiful day, well I’m gonna at least look at through the window in my office. There is nothing better than peering out your window to the outside sunny world. Nothing better except, well, actually being outside in that sunny world.

Monday’s are always hard for me. There even harder when I’ve lost an hour of sleep to some concept called Daylight Savings which personally I think is a misleading title. I just lost an hour, I didn’t save anything. But thank you Time because now I will have longer spring/summer days which I can’t complain about living in this beach town.

But like I said, Monday’s are hard so I left a few minutes early for work to get some Stahhhhbucks. That’s how my Dad says it. He thinks it’s funny. He’s also 6’2″ and has a white fluffy maltipoo that he walks daily. I think that’s funny. So I’m at Stahhhbucks and they have these new “meal deals.” A cup of (tall) coffee and a breakfast sandwich for $3.95. They get you with that 95 cents because your brain is like “Whoa only three dollars” but then you’re wallet is like “Nooo dude, four dollars.” But even at 5 cents under four dollars I really did think it was a great deal and happily ordered one. For the same price (seriously) you could get a meal at McDonald’s but the sandwiches at Starbucks are not only pretty looking, but taste better and are relatively healthier. I did the caloric math ( I just wanted to say caloric). The coffee comparison is debatable.

The reason I’m detailing my pre-work breakfast sojourn is because Starbucks (SBUX) gets a lot of heat for being inflexible in the current economy. I’ve blogged about these meal deals before. I did and do they think they are a good idea and I don’t necessarily think of them as weakening the brand image as a luxury coffee retailer. I mean they had me at “Coffee and Sandwich.” I don’t think any less of you Starbucks, I swear. In fact, I love you more for understanding me and my wallets needs. I wonder if investors will feel the same way…

Predictions on PredictWallStreet for Starbucks seem split. 57% of predictors predicted up for Starbucks. Now checking sentiment to see how investors fell towards SBUX I noticed that in the 3 month sentiment graph there is only one really visible period of bearishness where the sentiment line dips down into the red. Then changing the view to 1 month sentiment I can see things a little closer. Sentiment has been pretty rocky the past few days but has remained relativley neutral, with no large spikes into either bear or bull territory. Right now sentiment is sorta flat lining. My guess is investors are out to lunch ordering their meal deals right this second and haven’t yet predicted. But seriously, I realize something like meal deals isn’t going to have an astronomical effect on the stock but this coupled with their instant coffee line is sure to help SBUX. It’s opening their market to a new range of people looking for not JUST coffee in the morning, but actual food for breakfast. Lots of potential for growth. Some of us like to eat edible things in the morning and not drink our breakfasts, ya know?

I’m looking at the Star Performers for Starbucks. It’s interesting because the four-star rated predictors have predicted down for SBUX and even the three-star predictors are split. This situation makes me sort of of hesitant in my up prediction, but I remain a “glass is half full” kinda gal today. So we’ll see. My next journey: Via Instant Coffee.

Starbright, starlight, Sirius XM Radio something something something, in the night. Over the Weekend CEO Mel K. announced their debt obligations have finally been put to rest. RIP DEBT. From their Press Release: “These transactions resolve all of the uncertainty surrounding the company’s and its subsidiaries’ debt maturing in 2009.” The stock (SIRI) saw a nice gain so far on the news, but SIRI is notorious for dancing on any buzz, rumor, or hype. Anyhoo, just wanted to point out how crazy sentiment has been for the company on PredictWallStreet. Looking at one month sentiment you can see a bunch of green spikes and only one bearish endeavor. Look’s like investors are extremely hopeful for the future of this company. If you like SIRI, I’d get in now while they are still pretty cheap. I stand with my guard up still. It’s hard to discern herd mentality from true value this quickly. Make a prediction on SIRI to show how you truly feel about this stocks direction.

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Blockbuster, Bankbuster, Blockruptcy?

We’re so close…just..a..little…bit…further. The Dow almost hit 7000 today but lost it in the final moments of the trading day and closed about 125 points short. In any case, it was way up from yesterday’s disaster so that is something to smile about. Stocks finally moved higher today after a 5 day sell off frenzy. Investors are starting to look for bargains as the market tanks and prices are low. A homeowner plan and possible Chinese economic stimulus packaged were announced giving investors some much needed hope.

There have been a lot of rumors floating around on the blogosphere that Blockbuster may be filing for bankruptcy. Just yesterday shares of Blockbuster (BBI) fell 77% in lieu of a Bloomberg report the company was thinking about Chapter 11. Blockbuster recently hired a law firm to help them raise additional capital-an act suggesting they really are in trouble. Over the past year BBI shares are down 92%. Yikes. I think its pretty clear that even if the company is saying they aren’t in trouble, BBI shareholders are.

I wanted to see how exactly investors are feeling about Blockbuster this month on PredictWallStreet.com. Looking at the poll numbers, it appears 77% of users have predicted for BBI to close up compared to the 23% who predicted down. After making my prediction, I can see the rest of the prediction data. Under the sentiment tab, I click one month. Sentiment had been steadily crawling up, almost breaking into the extremely bullish zone and then drastically fell and is now on its way to become bearish. If you overlay the price quote (the blue line) you can see that the price also dropped really dramatically with sentiment. Looking at Star Performers I notice that the less accurate predictors (3 and 1 star) predicted up. The higher a persons star rating the more accurate they are in their predictions so a person with a lower star rating is less accurate. Because these people predicted up, it may be reasonable to assume they are wrong and predict in the opposite way they have predicted. What are your opinions on Blockbuster? Who still thinks this company has a chance facing competitors like NetFlix (NFLX)?

In other news, PredictWallStreet published a few forecasts today and one was for the SP500. I’m sure you can guess which direction it was forecasted to close at but to check click here and find out.

Also, if you have a Twitter account, you can follow PredictWallStreet for market updates and current sentiment and have them sent right to your phone! Name: predict. You’ll recognize the UpDown arrows.

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American Dow: Free Fallin

After yesterday’s market went a little bonkers, I though it would chill out a bit today but it seems Wall Street is still hungover from last night’s (morning’s) party. Party’s over Dow, time to take off the pointy hat.

I mean at least were only down 37 right? 37! It’s all relative. Because if this were even a year ago, down 37 points would be great news. Yet, when you’re below 8000, down anything is really bad. It seems as if the market is free falling and I’m beginning to wonder where it will stop. Maybe one day I will sign onto Yahoo! Finance and kaboom! It wont even exist. That’s not funny, actually.

Who is up today eh?

The solar sector has been struggling, as most investors consider the stocks high risk. I used to follow First Solar (FSLR) a lot in the beginning of this blog because they were at the frontier of low-cost production for the alternative energy field and saw consistent gains for weeks. First Solar is one of the few companies right now whose earnings beat consensus estimates, despite the notably weak solar sector. FSLR reported yesterday they made $1.61 a share this past quarter. Expectations were only $1.30 a share. They have been able to keep manufacturing costs down and had revenues ahead of estimates (well, they did reduce 2009 estimated by 10%, but estimates shmestimates). With Obama’s administration pushing alternative energy initiates, this company could really advance.

FSLR’s CEO, Michael Ahearn, said “In three to five years, the market outlook for solar has never been better, but the short-term outlook for the solar industry has never looked more difficult.”

So while FSLR may be a risky stock, it could very well be a good play if you know what your doing and are good at timing. To see how investors are feeling I looked at sentiment for FSLR on PredictWallStreet’s sentiment meter. First, you must make a prediction to see the data. You can always go back and change your prediction if you change your mind after looking at the data. Looking under the sentiment tab, one month, I see that sentiment is very green. This mean’s investors are feeling extremely bullish about FSLR. Looking at sentiment is helpful because if I see a dramatic change in investor sentiment, I can anticipate that the price will most likely shift accordingly. Looking at the poll results, a striking 80% of investors predicted that FSLR will close up. And lastly, looking at the Star Performers (the users on the site are rated on a star system by their accuracy in predictions) I see that all rated Star Performers predicted up. So, I can very well assume the price will move up.

I know I’m on that Apple diet, but just a real quick Apple snack. Apple was at the top of Fortunes Top 100 Most Admired Companies list. And investors love Apple-lookey here. Phew, ok that’s it. Back to the treadmill.

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I should of known today was going to be bad after I pressed snooze three times this morning. It was an inauspicious sign for the day, followed by spilled coffee in my lap while driving. If those incidents didn’t foreshadow today’s events accurately then the heavy rain all morning did. It truly was a Monday Mourning. Wall Street ate it hard this morning. Tumbled, slide, crashed, committed market suicide, whatever you wish to call it. The Dow broke 7,000 this morning for the first time since 1997-that’s 11 long years. Coupled with AIG posting $61.7 billion in quarterly losses (yikes!), the steep sell-off continued. For those who like to look for bottoms, I think this is a pretty good indicator things could and probably will get worse.

It’s no surprise then that sentiment for the DJIA, SP500 and NASDAQ fell completely bearish this morning. Processing real time predictions from million’s of investors, the real time sentiment meter at PredictWallStreet showed investors extremely bearish for all three indices.

I just tried to find at least one company that I have even heard of that was up today and I found none. So I guess that leaves who was down the least today.

The recession-bearer Apple is down 1.53%. Apple is not infallible, but despite haggard market conditions, they have fared pretty well. Apple reported positive results for Q1 and is continuing to innovate and introduce new products. Despite the slump in PC sales, Apple has been able to offset some of this downfall with their other products like the iPhone, App Store, iTunes and iPod. Although, there is speculation the iPod market has been pretty much saturated. Apple most likely needs to focus on getting customers to upgrade. It’s only a matter of time before our lives, homes and brains are running on Mac’s OS. It seems like their plan, anyway. I feel I am at liberty to talk about AAPL because I’ve been on an Apple diet lately (or I feel like I have been at least, but that’s the case with most diets). I’ve definitely binged one or twice in some previous posts, I know, I know. 69% of predictors on PredictWallStreet predicted up for Apple today. Sentiment is becoming more bullish. Looking at one month sentiment is looks like there have been more bullish up ticks then bearish. Any Apple fan will say “Now’s a good time to buy Apple!” I agree that Apple is relatively cheap, but I almost feel that with the way the market is going it could get cheaper. I would definitely wait this out if I were going to buy (which I’m not) despite the positive signs from the PredictWallStreet poll and sentiment.

Of course I had to check AIG just to see what was going on with their stock after posting such a staggering loss. I was ready to see them bleeding all over the PredictWallStreet widget but what I found was more surprising: a bunch of 0’s. As in their was no change. Granted AIG is pushing pennies at 45 cents, but I at least thought they would be down. I mean I guess they aren’t up either. And I guess it’s hard to fall when you’re already so low. It’s like kicking someone when they are already on the ground. AIG has over 250 predictions today! 77% of predictors predicted up for AIG. Don’t really understand what that’s about. And sentiment has been extremely bearish for the last week, pushing it in the red zone for weeks at a time and today, suddenly, sentiment shoots up and becomes almost extremely bullish? Now this I really don’t get. Can anyone enlighten me? My best guess is because the stock price is so low and because they just got awarded even more money in a bailout, they have nowhere else to go up. That seems pretty logical, but we know the market isnt exactly logical all the time.

Forecasts beat the market

It seems bloggers had mixed feelings regarding President Obama’s speech last night. Some argued he was still to vague while others pointed out he is focusing on the right domestic issues. But the market had one feeling: down, down, down. This morning the DOW dropped almost 150 points only to recover in the last half of the day to become positive by 8 points. The Treasury also announced that the nations biggest banks will be granted immediate access to the $700 billion rescue fund.

While I’ve been on my McDonald’s high horse lately, PredictWallStreet published a forecast today for MCD. After seeing how choppy the market has been the past few days, the forecast direction was expected. PredictWallStreet forecasts are generated using patented algorithms that are run on prediction data and historical databases containing millions of predictions. Each day a set of unique forecasts is published on the site before the market opens. Between May 24, 2007 and December 31, 2008, PredictWallStreet published 1445 forecasts. Calculations of the forecasts profitability are based on the difference between the opening and close price for that security and a 2% stop loss. To evaluate performances, PredictWallStreet applies the same methodology to the Spdr S&P 500 (SPY).

The forecasts had a return of 41.4% while the SPY dropped 58.4%! During the 2008 financial meltdown, PredictWallStreet forecasts yielded positive profit potentials even though the market was behaving bearishly too! Take a look at the white paper here to see graphs and a better explanation under PredictWallStreet Publications.

So after looking at the forecast for MCD, I made my prediction accordingly. Sentiment is coming down for McDonald’s and becoming more bearish even though the majority of predictors have predicted up today.

In other news, Microsoft’s CEO Steve Ballmer told analysts that he was still interested in striking up a search deal with Yahoo! Whenever the subject comes up, this is usually Ballmer’s reply. The response usually helps boosts Yahoo!’s (YHOO) price for a bit and this is exactly what it did yesterday. So it’s not surprising that Yahoo! is down today after the news subsided. I predicted down today for YHOO. Sentiment is becoming more bearish. Even though YHOO is finally above the terrible ten price, Carol Bartz is going to need to introduce something to restore faith in Yahoo! investors.

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Market UP on hopes recession ends this year

This morning Bernanke told Congress the “recession might end this year” and that the banks may not be nationalized. The news brought relief to many investors worrying about the banking industry and helped lift the Dow and SP500 this morning from their Monday lows. Investors are also patiently awaiting Obama’s speech this evening hoping he will provide details on his plan to stabilize and stimulate the economy. And how exactly he plans to repair the banking system without bank nationalization. Oh and nevermind Obama’s fleet of 28 new Marine One helicopters that will cost almost $11.2 billion. I imagine after being slammed for this one by McCain he will have some explaining to do.

Just checking in on the two companies I wrote about yesterday…McDonald’s (MCD) is up today almost 2% but still not breaking that 55 mark. And Starbucks (SBUX) is up today over 4%. Like I said yesterday, I really think their is more room for movement with Starbucks. See my last post to see what I’m referring too.

PredictWallStreet published several forecasts today. Of the five companies forecasted, only Wells Fargo & Co (WFC) is forecasted to close down. I want to investigate this a little further so I click on WFC to check out their sentiment and what other predictors think of WFC. Wells Fargo is up today but I made my prediction for down based on the forecast, which have been beating the market in the last year (To read how they have beat the market click here). So it looks as if 82% of predictors predicted WFC to close up today. Looking at the one month sentiment button under the Sentiment Tab shows sentiment looks pretty neutral but could possible tick up in the weeks to come. I also want to look at the Accuray>Star Performers for WFC. The 3 and 2-star predictors have predicted up while the more accurate 4-star predictors are split in their predictions. Looking at all that information, I’m going to keep my down prediction. I think WFC is up today mainly on hype of Bernankes comments and optimism that the banks won’t be nationalized. But more importantly, we’ll see how people are feeling tomorrow AFTER Obama’s speech.

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Would you rather: MCD or SBUX?

A game of “Would you Rather” is about as iconic to juvenile parties as spin the bottle. While the usual questions involve picking to sever some limb or eat an grotesque item, what about a “Would you Rather” that pays homage to two institutions as iconic in American culture as the game itself? An interesting article was published this morning by Pew Research Center that included a curious survey question: “Would you rather live in a place with more McDonald’s or more Starbucks?”

The answer may seem obvious to some. McDonald’s won by 43% to 35% in a telephone survey among a nationally representative sample. Digging deeper into the numbers, Americans manage to validate just about every stereotype one could think of for different demographics. It’s not surprising that Starbucks lost by only one point to McDonald’s in the group of women. Liberals also really like their coffee-13% more than they do Big Macs. It is also interesting to note that education and income went hand in hand when choosing between the two.

So another question would be “Would you rather own MCD or SBUX?”

McDonald’s (MCD) is one of the few companies right now reporting positive numbers of any kind. In this economic meltdown, McDonald’s has been able to distinguish itself as a cheap dining alternative and the numbers show they are doing it successfully: Sales were up in Asia 10%, in Europe 7% and even 5% in the U.S. What do investors think about MCD? 85% of predictors at PredictWallStreet predicted MCD would close up. Looking at the one month sentiment graph, sentiment seems to be sinking to become somewhat bearish. The price is also falling. The market in general has had a really bad day, worse than usual, so it’s expected it would bring most stocks down. Just looking at the date on PredictWallStreet though I can see that investors seem to be optimistic about MCD regardless of what the price/market is doing.

Starbucks (SBUX) just introduced their instant coffee brand Via to mixed reviews. As I said in my last post I think it’s a great idea, but its actual impact could be small as the instant coffee market is likely small. There has been a lot of speculation about spending at Starbucks declining, but comparing January 08 spending to January 09, average monthly spending was up 24% according to Geezeo users. Investors don’t seem to be feeling good about Starbucks though. At PredictWallStreet, 83% of predictors predicted SBUX would close down-almost the exact opposite of MCD. Sentiment is heading to become extremely bearish as well. It appears that investors have a lot less faith in Starbucks and are feeling pretty pessimistic.

I guess I’m not really going to make any sort of formal conclusion on which is better because I realize there are so many other aspects to take into account than just looking at sentiment. I think it depends what kind of scope you have here. MCD is expensive compared to SBUX, and I’m not sure how much of a rebound is really left in there stock. But they have a strong company that has proved it can weather an economic storm. SBUX is pretty cheap, and I would think normally there would be lots of room here for the price to move up but Starbucks is a luxury item. And $4 “luxury” lattes are the first to get cut in a recession. It’s hard to say how long people will stop buying lattes for because it’s hard to say the economy has even hit a bottom. If I was in it for a very, very long run, I guess my pick would be SBUX because of it’s price now, its future potential, and because when things do get better, that mochachocha latte will be their waiting for its coffee lover to come back. You can say the same about McDonald’s, but they are also close to the top of their ladder. I wonder how much further up there is to climb. When ( I know this is a long when) the economy gets better and people have more cash in their pocket, how many of those people will continue to eat at McDonald’s?

Disclaimer: I hold no interest in either McDonald’s Corp. or Starbucks Corporation. I am not a financial adviser. Talk to a professional before making any investment decisions. Nothing in this blog should be considered advice or a recommendation.

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Facebook Apologies, Starbucks goes Instant

I like to think that pictures that I upload from my camera on to my profile are still in fact my property. But last week, Facebook was trying to tell me something different, along with its 175 million other users. It was a change the average college-goer would of left unnoticed, for how often, if ever, do we read the Terms of Use on any one of the countless internet persona’s we accumulate? Last week Facebook’s Terms of Service changed as fast (and stealthy) as you can de-tag Thursday nights (or Friday’s, Saturdays and Sunday’s) pictures. The TOS used to say when you closed your account, you basically took any rights to the original content you uploaded with you. But not anymore. Their TOS now reads, in lots of legal jargon, that if you do choose to remove your content off the site aka close your account , the Company may still retain achieved copies of your User Content. And yes, that includes those pictures of you eating pancakes off your kitchen floor in a princess costume.

But after countless protest groups and blogs popped up on the Web, Facebook has apologetically removed the new clause on their Terms of Service and given you the right back to your stuff. And while I personallly felt attacked by their infringement on my personal property/debauchery, I realized the apology note that popped up in my profile this morning was not actually VIP treatment from Mark Zuckerberg, but a network wide note. Anyway, apology accepted. Thanks for my stuff back, FB.

This morning, President Obama released the details of his $75 billion mortgage relief plan. It is meant to stabilize the housing market and reduce foreclosures for responsible homeowners who qualify. In an hope to revive the economy, the revealing of the plan has done little for the market, although stocks are modestly higher than yesterday. The Dow is up a few points, as well as The Standard & Poor’s 500 and Nasdaq. Opponents of the bill argue it’s mostly a missed opportunity and giant waste of money, while proponents are confident that doing nothing would of proved worse.

In Apple news, Apple (AAPL) saw a decline in year-over year sales of the Mac and iPod in January. Mac units fell 6% and iPod units fell 14%. As I browse around other blogs and financial sites, I had noticed a lot of Apple fans professing their die hard faith in the company and their belief that Apple was indeed recession proof and that sales will not decline because of Apple’s target consumer group. While Apple has certainly fared better than most (if not all) companies in our economy, I take these numbers as a sign that nothing and no one is safe from the impacts of the recession. I wanted to see how investors took these numbers and it looks like sentiment is becoming more bullish. Apple is down today about half a point. My guess is that investors are still optimistic about Apple mainly because everyone is seeing losses right now, but Apple isn’t seeing that much. So, I have actually predicted UP today for Apple, although we’ll see how this goes tomorrow.

Starbucks has introduced their new take home instant coffee packets called Via. Some analysts are saying this is weakening their brand and image but I personally think its a great idea. For some, the price of Starbucks is not so much a deterrent as the time that it takes to enter a store. Instant coffee that I can make at home would save me tons of time without having to compromise taste, as Starbucks promises it tastes just as good as their in-store brew. Also, for people who already make coffee at home, this may entice them to upgrade. As any young adult (or college kid who makes coffee in their apartment) sometimes Folgers just isn’t gonna cut it. You get to bring the brand home. For some, this is a reputation they want. I think Starbucks has made an excellent move in adapting to our changing economy. Those who don’t change will not survive. Starbucks (SBUX) investors seem to be a little weary and hesitant of their new move, as sentiment is currently heading down to become bearish. But SBUX is only down half a point today and I think that once investors and consumers alike realize Starbucks is simply innovating to evolve as a company they may become more bullish.

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Stimulus: The next question

The stimulus bill has been signed. More importantly, will it work?

Whether you like it or not, the main question now is how will it effect the country? There is no doubt it will, but to what extent its effects are felt at is the most pressing of questions. Some opponents are calling it a mini New Deal, which will only help prolong the depression, like FDR’s did in the 30’s. While I don’t know too many details about the bill itself, I can’t imagine it not creating employment opportunities. The infrastructure spending and medical research grants have no choice but to create jobs. And while the bill is certainly not perfect, I think its clear that doing nothing and letting the market work itself out is not gonna speed up its recovery. We know were screwed, but how long can we afford to be? The Dow fell to 7552 points today. Sentiment for Dow was bearish.

In other interesting market news, just last week Sirius XM (SIRI) was talking about filing bankruptcy as the company had millions of dollars of debt to pay back soon. But this week it seems SIRI is whistling to a different tune. The company has been rescued by John Malone’s Liberty Media Corporation (LMDIA). Liberty Media Corp will invest $530 million in loans in SIRI and receives 40% equity interest in the company. The loans will be made in a two part payment. While this is certainly great news, it must not be forgotten that SIRI’s massive amount debt still exists. If SIRI can see some cash flow however, they can put some of that debt to rest. Either way, many investors who have been holding onto SIRI are excited. SIRI had an amazing 532 predictions on PredictWallStreet. 86% of those predictors predicted that SIRI would close up. Sentiment for SIRI has also surged. Looking at the one month sentiment graph you can see that just last week sentiment was extremely bearish in the red zone and has suddenly shot up into the extremely bullish zone Tuesday. Looking at SIRI’s Accuracy, all rated Star Performers have predicted SIRI will close up. Judging from this information, I think its pretty obvious that my personal prediction would be UP as well. Clearly investors have regained their optimism in this company. Hopefully it is enough to hold SIRI up for awhile and they can report some positive numbers in the quarter to come.

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