Sirius XM Radio gets an upgrade from S&P -- surely you can't be serious

Diamond asserts the belief that SIRI can achieve operating cost savings, despite its "substantial debt load" and historic losses. Diamond did note that SIRI "may be challenged to meet its target of exceeding $300 million in operating profits in 2009."

SIRI is a penny stock, trading in the 35-cent range -- can it help you make money? Technically, the shares have managed to consolidate along their 10-week moving average, suggesting that they could head higher as the trendline does the same. That said, SIRI's 10-month moving average is dropping into the picture. The equity has not finished above this moving average since 2007, and it will take quite a rally for it to topple the resistance this month.

The problem with penny stocks is that they are penny stocks. People believe they can get rich quickly trading these stocks, but that will only happen if they purchase a major quantity of the stock and then dump it at a specific price. Yes, money could have been made if you purchased SIRI at six cents in February and sold it at 45 cents in March, but timing is crucial. If you are going to dabble in penny stocks, make sure to set limits and strictly adhere to the guidelines.