I feel the upward momentum for SIRI is still not there. I have been asked overnight about the 52-week low, and specifically do I think this has an upside.
My take is the stock is will likely get into the $3 to $4 range before it moves upward. I just do not see the chart as solid at all at current levels. I think less than $4 and it becomes a limited opportunity. Stern is already there, so little buzz can be created anymore in that regard.
New membership numbers are always going to be the key. Each time an annoucement is due, that is when we COULD see a spike at this point in price. However, playing the subscribers could be a double-edged sword as we may not see the increases quarter to quarter we saw last year. One bad quarter could send SIRI into a tailspin (further tailspin, that is).
Good Luck!