I just bought 5,000 shares of Sirius XM stock

[SandEagle]

0.25/share......not too big of a risk, I can survive if it all goes to hell. SIRIUS has potential w/ the XM merger; hopefully they can pay their debt without the reverse split....................................... anyone else buyin?

 

[Reckoner]

no

 

[Oceandevi]

you just lost a grand. if i am wrong you can mock me.

 

[Buttzilla]

hmm, even at that price, it' still seems a bit risky. i'm no expert or anything but even with the merger it's not like they have a command on the market or anything, and there hasn't been anything new to draw people in to buying service. also, isn't HD radio free?

 

[ponyo]

I rather use the money to take my family out to a nice steakhouse.

 

[SandEagle]

Originally posted by: Oceandevi
you just lost a grand. if i am wrong you can mock me.

.25 X 5000 = 1,250.

Your math = FAIL. but so does my choice in buying this.. but hey, the greater the risk, the greater the reward... or some crap like that

i heard they're releasing new gadgets, cheaper subscriptions etc to bring new customers in. i would think they'll survive since there's no real direct competition?

 

[venkman]

Wow, good luck man. You've probably got better odds putting that $1250 on Red though.

 

[LucJoe]

and .05 x 5000 = 250

1250-250 = 1000 = he just lost a grand

(it's not going to drop to zero. . .)

 

[Reckoner]

Howard Stern should be happy that you paid his salary for hmmm.... 5 seconds (give or take 4 seconds)

 

[Mark R]

Reverse splits provide a specacular opportunity for profit. Simple wait for suckers to buy in thinking that the stock is on the rise, then sell short maximum margin. Almost never fails (though admitedly, if it does, you're hosed).

 

[Dulanic]

Buy when others are fearful. I own sirius stock myself.

 

[AccruedExpenditure]

Saddled with debt, terrible investment, way better opportunities in this market.

 

[Oceandevi]

Originally posted by: rrahman1

Originally posted by: Oceandevi
you just lost a grand. if i am wrong you can mock me.

.25 X 5000 = 1,250.

Your math = FAIL. but so does my choice in buying this.. but hey, the greater the risk, the greater the reward... or some crap like that

i heard they're releasing new gadgets, cheaper subscriptions etc to bring new customers in. i would think they'll survive since there's no real direct competition?

how the hell did i get .20 out of that? lol

 

[ponyo]

Originally posted by: Dulanic
Buy when others are fearful. I own sirius stock myself.

There a difference in being fearful and just being dumb. If you own sirius stock voluntarily, you're dumb. But even dummies can get lucky. As they say, a broken clock is right twice a day.

 

[wnied]

I own sirius stock and I believe it will turn for the better. They have the best ( if not ONLY) satellite product on the market. The programming is second to none and with the merger, they now have no direct competition.

Buy & Hold.
~wnied~

 

[TridenT]

I'd sell soon as it hits 0.35. That's almost 50% profit.

 

[Locut0s]

I know nothing about the stock market but if I were going to buy stock I'd buy something else. Been thinking that Blizzard Entertainment looks like a good buy what with 3 big name titles about to be released in the coming years.

 

[Bibble]

Mel Karmazin is a smart guy and is going to do everything he can to save Sirius XM. Still, this is a risky stock to put 1.25k in.

 

[Canai]

Half the XM channels I listened to are now off the air. This merger sucked donkey balls.

 

[indamixx99]

I got hosed on Sirius stock. Bought it at $3.50, went all the way up to $9 and held on to it, and now it's down to $.25.

 

[dr150]

Originally posted by: AccruedExpenditure
Saddled with debt, terrible investment, way better opportunities in this market.

Like investing in gas, real estate, AIG, or Ford.

 

[rchiu]

Originally posted by: Dulanic
Buy when others are fearful. I own sirius stock myself.

Heh, they said that about Bear Stern and Lehman.

 

[ranmaniac]

It's going to crash more today, we will probably see DOW 7000 something today.

 

[SandEagle]

to all the haters, it's up to .36 now... haha

 

[xochi]

I have considered buy the stock as well. But here is a question, with the stock price so low any chance they will be delisted from Nasdaq?