Sirius Satellite Radio

Wow … Sirius is trading over 45% of what it started the day at. What is even crazier is that it is trading at over almost 100% of what it was at just last Friday at the opening of the Market. 

How can this even be? Nothing has been announced. Actually, there has been more articles written in the past week about the companies’ extremely high debt so shouldn’t it go down more? Is it finally correcting itself? 

Should the company complete a reverse stock split? Everything I read today said yes but all the commenters say no. It will defintely help stop the small speculators (like myself). The ability to buy 4000 or 5000 share for less than a grand is devestating to the company. Thus why the company on most days has almost 50% of the trade volume on the entire DOW. The only problem is that there is nothing set in place to actually stop the stock from sliding even further if they do a reverse. So my official opinion is to wait.

What does everyone else think?