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Anyone else burned by buying sirius stock?
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| Anyone else burned by buying sirius stock?
- Click HERE to go to the original thread with graphics
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| infantry29 |
| WTF is up with Sirius? I bought it months ago at around 7, now it's sucking! I'll be pissed if this continues! |
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| SDRANGER619 |
| give it time, i'm sure it will go back up. |
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| Fury34 |
| i dont mess with stocks, i have heard too many stories of people losing money, i rather buy scratch tickets, it seems i have just as good of odds as you do |
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| jbird101 |
Siris is the cable TV of our generation.
If you were looking to make a quick buck... well than you're a silly man. I plan on holding onto my stock for years. Once it starts coming standard in all cars, and free radio is right alongside 8tracks... I'll be playing golf all day, everyday.
Give it time. |
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| jerlewis |
Quote: Originally posted by infantry29
WTF is up with Sirius? I bought it months ago at around 7, now it's sucking! I'll be pissed if this continues! |
NOPE!! |
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| martin |
| give it another couple yrs dude. No stock is guaranteed buyt Sirius I believe is rated a buy right now, it's valued around $7 and selling under 5, that's a pretty good deal. FYI - I don't own sirius stock, but if I didnt owe a ton in loans and CCs I'd put some money in it. |
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| BARNZsongwriter |
| I brought it when Howard announced at under $3.50 I won and I continue to win, where the FUCK were you???? :rolleyes: Hold onto it and stop your whining.... WWWWAAAAaaaaahhhhhhh!!!!! ASS!! :mad: |
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| mechbull |
i bougth a few weeks ago thinking it was a bargain at 5.08 not sure why it slowly winds down evryday when we are force fed how howard has brought millions over something else must be going on for the stock not to be atleast steady if not a steady climber
http://www.twice.com/article/CA6327501.html |
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| maxx42o1 |
| give it about 15 years... its not like sirius is at the end... they are just starting, |
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| POKERinTHEback |
| That is why you diversify. |
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| welcomesite |
Where can it go... but up?
Once it becomes apparent that the media is spinning negatives...
the stock will skyrocket.
When Sirius passes XM in subscriptions, within a year from now,
no one will be able to dispute that they are a future major force. |
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| alsatian01 |
| you need to look at the fincial reporting, the stock for the most part will stay low until the company begins to report profits, and they have given predictions to do that by the end of this year. which is a lot better than XM which has had a few years jump on sirius and has had many more subscribers for a while now. |
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| fatboy |
| And you purchase quality stock and HOLD it. |
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| Carnival Man |
We've lost a few bucks but a company like this you have to hang in there for a couple of years.
I made some money thanks to Mel & Howard with the Infinity stock so I'm not worried... ;) |
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| GayTony |
| waaaaaaaaa i'm still figuring out how to sow discord amongst the fans, my pest-training kit is the budget-priced version waaaaaaaahhhhhh |
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| dcjispimp |
I'm planning on purchasing some any day now. Gotta hold on to it to make the bucks.
Why the fuck is XM at around 23 dollars a share? Doesn't Wall Street read the news? :mad: |
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| Carnival Man |
| Tony has a point there...we're getting sucked into noob threads! Anyone with less than say 250 posts shouldn't start paranoid topics! :p |
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| welcomesite |
| Quote: Why the fuck is XM at around 23 dollars a share? Doesn't Wall Street read the news? |
Wall Street can't see the situation as clearly as we can.
Selling XM short would be another wise investment.
It's true that both companies might prosper...
but I don't know if they will survive being lapped
by the company that was so far behind them?
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| sinistar |
Quote: Originally posted by POKERinTHEback
That is why you diversify. |
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| welcomesite |
Quote: Originally posted by Carnival Man
Tony has a point there...we're getting sucked into noob threads! Anyone with less than say 250 posts shouldn't start paranoid topics! :p |
Newbies are people too |
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| Carnival Man |
Quote: Originally posted by welcomesite
Newbies are people too |
Yes they are people too, but they all seem to obcess on the same few topics...buy a few more shares on the tip rub deal! :p |
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| lonr29 |
| it is kinda strange, Sirius has WAY better shit, and they have now said the XM should wind up in the 34-35 dollar range, and that the signing of those queers O & A will help drive the stock? wtf? Sirus has gotta do some pr or something? |
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| Carnival Man |
Quote: Originally posted by lonr29
it is kinda strange, Sirius has WAY better shit, and they have now said the XM should wind up in the 34-35 dollar range, and that the signing of those queers O & A will help drive the stock? wtf? Sirus has gotta do some pr or something? |
Maybe XM is cooking the books with CBS....they could be buying & selling assets other than talent that we don't know about? :rolleyes: |
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| howards potato |
| I have some IBM stock that has been doing nothing for a few years, I am considering selling it to buy sirius now that it is so low. Don't forget, there is always the possibility sirius & xm could merge down the road (sirius could even buy xm one day) and if that happens the stock will start to really climb |
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| NedsWeed |
Quote: Originally posted by dcjispimp
I'm planning on purchasing some any day now. Gotta hold on to it to make the bucks.
Why the fuck is XM at around 23 dollars a share? Doesn't Wall Street read the news? :mad: |
You have to compare apples to apples regarding stock prices. Sirius has had a number of splits since the beginning. In order to compare to XM, you need to analyze earnings per share, prices basis based on equivalent shares outstaning, financial ratios, debt as a percentage working capital, rate of earnings per share growth, cash flows, future committments, dilution of shares, return on equity, insider sales vs. buys, all kinds of happy horseshit. |
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| johnnyaqua |
| Give it time I have one stock that I bought 7 years ago for $4, then it dropped down to 25 cents a few months later. Now after 7 years it is up to $20. You just need to hold on to it. |
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| welcomesite |
Sirius does have a lot more shares outstanding
but what outweighs that, is that Sirius is going to outperform.
At the time of XM's last batch of disappointing numbers,
they were still claiming that they're going to meet some large expectations.
They are overstating their position, desperate to avoid losing more ground.
When they are exposed, they will be doomed. |
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| ChrisTheChris |
Retard, buying Sirius stock is the equivilant of buying futures in the sattelite radio industry. If you're retarded enough to be worried about the price of it now without giving it at least 2 or 3 years than you need to put your helmet back on. Wait at least two quarters so that Sirius gets profitable.
Also, Sirius is now the exclusive provider to Kia, VW, Audi, and XM is loosing almost all of its exclucivity deals. |
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| TattooQ |
| I never buy stocks for the short term, including Sirius. |
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| thoroldjames |
| i got burned by a sparkler once, not cool |
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| TScott1998 |
Quote: Originally posted by mechbull
i bougth a few weeks ago thinking it was a bargain at 5.08 not sure why it slowly winds down evryday when we are force fed how howard has brought millions over something else must be going on for the stock not to be atleast steady if not a steady climber
http://www.twice.com/article/CA6327501.html |
I myself do not own any sirius stock, but I will get some in rhe next year or so. Right now the company is young and still paying off the finances charges from all of the towers that were put up around the U.S. and all of their other startup debts still need to be satisfied. Don't worry though they are growing quickly, and will be turning a very nice profit in the not so distant future, |
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| mikeec |
okay my friend. What you need to be doing is selling covered call options on your shares of stock. You'll make money on the premiums. If the call doesn't make the strike price (which mine has yet to do), you can resell the same type of options. I bought it at $7 also, but I've been making money on it by selling the calls. My price now is down to $6.25 and I have the June 6's sold.
Like most other people this stock will go up eventually. Stay the course. |
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| MOMBA |
| Just because something is a good product doesn't make it a good investment. |
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| kryplj42 |
| Be patient. It may take another year. In 96 I bought Yahoo! @ 36 a share. I got a job with American Airlines in Texas and forgot about the 1st stock I ever bought. Plus, think about all you that have 1 K shares, every point it wil go up, you will make a K, thats nice. Yahoo! topped out @ $450 a share! Howard has the Midas Touch, how often has he failed? How many listeners has he brought? By next Xmas, whoa, I'm excited. Be patient. :rock: |
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| bababooey2uall |
Quote: Originally posted by dcjispimp
I'm planning on purchasing some any day now. Gotta hold on to it to make the bucks.
Why the fuck is XM at around 23 dollars a share? Doesn't Wall Street read the news? :mad: |
No offense, but you don't know what you are talking about. A $23 stock doesn't necessarily represent more value than a $4 stock. The market cap of Sirius is probably still more than XM. In other words, the market values Sirius as being a more valuable company than XM. |
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| BelowTheCrowd |
As of today's close, SIRI has a market cap of about $6.8b. XMSR is valued at about $5.8b. The Sirius "pie" is bigger, but each "slice" is a bit narrower.
Sirius is trading at higher multiples of just about everything, which is a nice way of saying that the market is attaching greater value to its prospects. However these high multiples also reflect the greater risk you take if, for some reason the expectations aren't met. SIRI could lose a much greater percentage than XMSR if it doesn't execute as well as everybody expects.
I got out of this thing when it was up around 7. At that level it was all hype and all risk. Down around 5 there's a bit less risk, but I still don't see this as a particularly fantastic value.
-btc |
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| paigowmania |
| They don't call it gambling for nothing. |
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| Monster_Zero |
80% of people who invest in the stock market lose money. Why? because they think it's like playing the lottery (where 99.99+ lose)
Learn how the markets work first... then risk your hard earned money. |
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| Avalanche |
| Yup, worst stock purchase I ever made. |
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| FavresFriend |
| got in for 3.71 a share almost 15 months ago now, sold my 3M stock, you have to let it work, when they take over XM in 5 years we'll be looking at 20 ish a share.....also botox, allegan pharm. and idenix bio tech are good ones to have over next three years.... |
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| CdnSternFan |
| I bought it as well and if it goes down another dollar or so, i will buy more. The stock is sure to rise. You have to wait until the financials get better. |
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| bababooey2uall |
Buy and Hold is for suckas...of course my track record in the stock market is not great, but I know that.
But Sirius the company is not the same as SIRI the stock. Sirius could add 10 million subscribers and the stock could go down. Don't blame the company for the market not valuing the stock higher...blame yourself for buying high and watching it drop. |
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| BelowTheCrowd |
Quote: Originally posted by bababooey2uall
Buy and Hold is for suckas...of course my track record in the stock market is not great, but I know that.
But Sirius the company is not the same as SIRI the stock. Sirius could add 10 million subscribers and the stock could go down. Don't blame the company for the market not valuing the stock higher...blame yourself for buying high and watching it drop. |
Exactly.
And saying "satellite radio is the cable TV of the future" is meaningless too. Most of the original cable companies went broke. If you were lucky, you bought stock in one of the ones that survived and bought out the others. Most people who invested in it lost money.
It's nothing new. Most of the original airplane makers went bust pretty quickly. Most of the original railroads died and their tracks were bought up by others.
I have no doubt that 20 years from now, there'll be companies out there making money from the satellite networks that SIRI and XMSR have built. But I'm not convinced that both of the original companies will survive in any meaningful sense.
-btc |
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| Master Dlobo |
| It went down recently due to XM reporting losses. It is unfair that that is happening but it is. Sirus is not a get rich quick and dump it stock. I'm giving it another year. I bought it at 4.14, so I can be patient. |
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| iam72hrstv |
04/29/06
Stock Profile
04/29/2006 6:42 PM ET
SIRI Sirius Satellite Radio Inc (NASDAQ NM)
ProfileChartActionsNewsSECAnalystInsidersFinancial
sScreener
$4.68$-0.14 -2.90% Volume: 51.94 MillionAs of Close 4/28/2006
Current Analyst Ratings
Strong buy 16
Buy 3
Hold 6
Underperform 0
Sell 0
Average Rating Buy
1-day | 5-days | 1-year | Advanced Chart Open $4.79
High $4.83
Low $4.65
52-Wk High $7.98 (12/12/2005)
52-Wk Low $4.36 (4/27/2005)
P/E Ratio n/a
Market Cap $ 6.6 B
Shares Outstanding 1.4019 B
Insiders SIRI Stock Moves:
GREENSTEIN, SCOTT ANDR
President 276,419 SIRI Open Market Sale proceeds of $1,470,549.08
GREENSTEIN, SCOTT ANDR
Declared Holdings
Relationship/Company Reported Shares Value
President
Sirius Satellite Radio Inc
Company Roster Company Transactions 04/13/2006 1,447,817 as of: 04/13/2006 $7,702,386.44
as of: 04/29/2006 $6,775,783.56
KARMAZIN, MEL
Declared Holdings
Relationship/Company Reported Shares Value
Chief Executive Officer
Sirius Satellite Radio Inc
Company Roster Company Transactions 01/12/2006 5,500,000 as of: 01/12/2006 $34,100,000.00
as of: 04/29/2006 $25,740,000.00
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| SternFanInPgh |
| I bought mine at $3.74 and I'm not letting go. Just be patient. Good things come to those who wait. ;) |
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| AMR40509 |
Quote: Originally posted by welcomesite
Selling XM short would be another wise investment.
It's true that both companies might prosper...
but I don't know if they will survive being lapped
by the company that was so far behind them? |
Wow, anyone who takes short sell advice from some random guy on the internet deserves to lose his money.
Short sales have unlimited downside potential -- the average investor w/o the trading resources and information the big boys have, has NO business being short....
I love this thread, 95% armchair quarterbacks w/ no idea what they are talking about. |
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