Ouch!! How many people on this board bought this stock AFTER the Howard news? Very, very risky investment.

The trick was to buy it and sell it the day he made the announcement.

Get in and get out.

Stock way waaay overpriced, even before the announcement.

the stock will go up eventually for good, so maybe buy it and sit on it and when he goes live on sirus, it should be up and stay up.

Sirius and XM need to merge in a bad way. It makes no sense to have 2 sattelite radio companies when they're both losing tons of money and they're fighting for the same relatively small group of consumers who aren't gonna buy 2 radios.

Sirius and XM need to merge in a bad way. It makes no sense to have 2 sattelite radio companies when they're both losing tons of money and they're fighting for the same relatively small group of consumers who aren't gonna buy 2 radios.

competition is a good thing.

Didn't Siri just water down thier stock again after Howard made his anouncement? If so, then that's your answer.

Hey Modane I sent you an email, I'm not sure if you got it (I had prblems sending it). If you didn't, email or AIM me at oldpaddy3.

competition is a good thing.
Very true, competition is what drives the market further, therefore forcing companies to enhance their products quicker to keep up with their competition as well as fluctuating prices to accomadate customers. If XM and Sirius merged and formed a monopoly of the market, even though it's not that big of a market, those interested in Satellite would be forced to pay for only XM/Sirius instead of choosing from a variety of services and it prevents other companies from entering the market at a faster rate. They both need to stay seperate and keeping improving their services so that one day Satellite radio will evolve into a large and succesfful market just like digital cable has over the last few years.

Didn't Siri just water down thier stock again after Howard made his anouncement? If so, then that's your answer.

Hey Modane I sent you an email, I'm not sure if you got it (I had prblems sending it). If you didn't, email or AIM me at oldpaddy3.

will do.
http://modane.homestead.com/files/Scooby/scoobysaluting.jpg

Very unfortunate turn of events, I was counting on it going much higher, thus giving it enough capital to afford to reduce prices on its units. Oh well.

Very true, competition is what drives the market further, therefore forcing companies to enhance their products quicker to keep up with their competition as well as fluctuating prices to accomadate customers. If XM and Sirius merged and formed a monopoly of the market, even though it's not that big of a market, those interested in Satellite would be forced to pay for only XM/Sirius instead of choosing from a variety of services and it prevents other companies from entering the market at a faster rate. They both need to stay seperate and keeping improving their services so that one day Satellite radio will evolve into a large and succesfful market just like digital cable has over the last few years.
An XM-Sirius merge wouldn't form a monopoly, they would still have public radio to compete with.

competition is a good thing.

yep

Didn't Siri just water down thier stock again after Howard made his anouncement? If so, then that's your answer.

That is the answer. They are going to offer 25 million shares at $3.87 apiece. Further, they are going to issue bonds as well.

Im going to add this one to my stocks. In the end someone will bail/buy them out if it comes to that. And for the price and even if it does drop great. I predict 5-15 in 06 and after that even higher. Probably ending somewhere in the 15-20 ish once Howard starts his gig and the economy picks up.

It went down because they are issuing another 25,000,000 million shares in order to raise capital. Just a typical market reaction to the news....

Any purchase you can make for under $3.25 is a good play in my opinion. I've been accumulating shares since January with an average basis of about $2.80 a share.

Hold till 2008 and you'll be smiling!

I wouldn't be wasting my money on this one.

I was close to buying some before he announced ....i wish i had done that and sold yesterday....

I bought 100 shares and the key is to hold on to it. If Sirrus' stock climbs as high as XM is, then there will be a nice profit to be made. I won't get rich off of it, but this stock will go up.

Nice investment

i think it's better to keep the money in the bank at 1%

i think it's better to keep the money in the bank at 1%

I hope your kidding... If not you will be eating cat food for dinner when you retire...

You must make wise investment decisions to get ahead!!

This stock will not provide long term gains. You may see a couple of irrational spikes but long term this stock will be lucky to hold it's ground.

How in the world can a stock with 12 million in revenues in 2002 be worth 47 billion in 2004? This stock is waaaaaaaaay overpriced.

SIRI (http://www.thestreet.com/_tscfoc/tech/scottmoritz/10186943.html)


Here's more info.

how much is it trading for???

Howard said once a few months ago that he would NEVER go work for a company that would hire opie and anthony. I bought 100 shares then. I think it was about 2 bucks a share. After howards announcement I bought 10 more at 4 bucks a share. Once it goes back down I'm gonna but a shitload of shares, because I am predicting it will be $30+ sometime in 2006!

An underdeveloped tech is not going to post major gains just because one man signs. The key is to buy this now, take the initial loses, and enjoy the gain in 2006-2008 when it becomes developed both directly and indirectly because of Stern.

this is a fine investment if you can sit on it for 3 years. It will absolutely grow and be a sound investment but wont make you rich over night...

I am slo extremely drunk, stoned and completely f'd up on painkillers and xanax and have no right to give advice

Hold till 2008 and you'll be smiling!

I agree... This stock will do very well as a long-term investment.

The stock will not show major gains until the subscriptions start booming.