8:10AM Sirius Satellite upped to Outperform at Solly; target $2 (SIRI) 0.79: Salomon Smith Barney upgrades to OUTPERFORM from In-Line based on opinion that the market is over-penalizing company for the possibility that it will not be able to complete its proposed financial restructuring. SIRI shares trading at $0.87 in pre-market, or up 10%.If the SIRI board was still open I could have posted this on that board. BTW, did I mention that if a stock goes up or down on huge volume it is normally considered a very significant TA event? Now in the interest of honesty, I started asking the question "WHEN ARE YOU GOING TO COVER YOUR SIRI SHORT" when SIRI was trading at about $1.25 so I am not crowing here. But, don't make me come back there and ask it again.
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