Thanks for the Kudos from DavidL and Kalm.

I told the board as the merger is closer to completion expect the big boys to downgrade, cover their positions and leave or go long. With options expiration tomorrow and a merger decision imminent, we knew this would be the week for covering.

Next question.

How is it that Citi raises SIRI's target to $9 while Goldman reduces it to $1.75?

Why not throw a dart at the wall?

Well, that's not the way Wall Street works.

Citi will most likely be heavily involved with refinancing of the deal (if they aren't already) in the future as they're one of the few big boys left in NYC.

But why Goldman? Why the "murder" of Sirius and XM today?

Simple: guess who is a long time client of Goldman paying millions in fees to them?

Hint: its not the NAB but one of the largest opponents to this deal and this merger is the greatest threat to their business. Its about loyalty.

Now you have your answer.

Hold.