About XMSR, chapter 2

I mentioned yesterday that a friend (I'll call him Cal) was intent on putting some of his hard-earned cash on XM Satellite Radio. Though the stock was technically in a good spot, trading below its moving averages, I cautioned him. Well, turns out he bought a few shares on Monday and as of Wednesday was up a buck. Happy about it, too.

I'll keep posting about XMSR, not because I think it's a good investment — with $1.5 billion in debt, how can it be? — but because it's always interesting to see how other people trade. Of course, the end result is also interesting. I hope Cal gets out with a profit every time. His target is 20. We shall see.