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should I sell my sirius stock?
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| should I sell my sirius stock?
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| clivebuckwheat |
| I bought them at 7.28 a year ago. But they seem to be going down every day. Now they are at 3.74 |
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| tommyboy40 |
| stock is falling big time, but it is a LONG stock..gotta give it a few years till they get in the positive cash flow and out of debt, remember nascar is coming next year also |
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| swampthing1117 |
I dunno, you feel like losing alot of money?
Be patient it'll go back up. Right now sirius is taking a hit because of XM's problems. Whenever XM drops so does sirius, unfairly so. Plus all the analysts seem to have a hard on for XM, so while they are tanking as a company there's still dipshit firms out there saying "BUY!".
I think by the end of the year they'll be back up there, patience grasshopper. |
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| SDRANGER619 |
| Keep it in. Investing is a long term thing. Especially with sirius being a new medium and people finally turning to it. |
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| ginlaan |
If you can handle not having the cash then i would say just hold it.
If you sell becuase its loss you dont have to pay tax's on that money right? |
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| DevilDog |
| I'd jump in now with a large buy at this price. |
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| David WeaveRoth |
you might want to but more to off set your cost.
do you follow? now instead of getting back to 7.18 to break even
now its 5 and change. just an idea. I getting ready to buy again. |
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| bob_goulet |
| SIRIUS is for not for the faint-of-heart investor. Hang in there. |
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| Hugomarink |
| Hell no. It'll go back up. Why take such a drastic loss? It might be time to buy back in. I bought my shares at just under $3 before Howard signed. I sold when it reached $9. One of the few good stock decisions I've made. But at the current price it might be smart to buy. |
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| Max-the-Silent |
| Never sell on bad news, or buy on good - hang on to it. |
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| Slurpdog |
| You want a short term fix, you got the wrong stock, ride it out for another year or two and then see how it's doing. |
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| David WeaveRoth |
Quote: Originally posted by Hugomarink
Hell no. It'll go back up. Why take such a drastic loss? It might be time to buy back in. I bought my shares at just under $3 before Howard signed. I sold when it reached $9. One of the few good stock decisions I've made. But at the current price it might be smart to buy. |
same here
bought at 3.35 sold at 7.35 |
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| jerrybobphil |
| Hold on, Sirius is losing tons of money. The stock isn't going anywhere near 7 until they show a profit. Which is years away. |
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| clivebuckwheat |
| thank you all. I will hang in there. It's really disheartening to see it falling so fast. |
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| chaos93 |
| Hold on to it that is just to big a loss to take. |
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| jsn1980 |
| you havent lost a dime yet. you only lose if you sell. hang on to it!!! |
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| sgb1975 |
| If you are asking for stock advice on a message board, then I'd say you probably should never have bought in the first place. |
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| SteelRat |
You probably SHOULD have purchased it on news of Howard's signing, sold it when the price spiked in the ensuing frenzy, and now use some of that money to rebuy since it's so low. ;)
But since that ship sailed, given where it is now, it's a good value that you should hang on to. |
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| DrGunt |
I don't know shit about the market. AG Edwards handles my investments.
I have a pretty diversified portfolio but I don't think I have any Sirius.
How much further can Sirius drop? When should I get in? |
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| green go |
howard's stock payment is the main reason that sirius is currently getting trashed (to the tune of a hefty $450 million quarterly loss)
the stock payment is a one-time thing though, so selling now would probably be foolish |
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| SteelRat |
Quote: Originally posted by green go
howard's stock payment is the main reason that sirius is currently getting trashed (to the tune of a hefty $450 million quarterly loss)
the stock payment is a one-time thing though, so selling now would probably be foolish |
The main reason is that XM has had a run of bad news, and in a two company sector, the two stocks are joined at the hip.
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| jasondylan |
| U never sell when its low. Hang on to it. |
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| jerryheynow |
It would be interesting to see if a favorable lawsuit settlement will be a catalyst to move it the other direction.
4 was a pretty good support level, I would really like to see it end the week at or above it. |
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| dubz |
Quote: Originally posted by David WeaveRoth
you might want to but more to off set your cost.
do you follow? now instead of getting back to 7.18 to break even
now its 5 and change. just an idea. I getting ready to buy again. |
I think he has it right. Its gonna stay low as long as they're are in debt. As long as you believe its gonna be a profitable company then you should buy more. it'll lower your average cost per share. |
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| stu23 |
| I'm getting ready to buy more...it'll cut my cost/share price. As previously mentioned, this is a stock to hold for the long term. If you're looking to make a quick killing, SIRI is not what you should be investing in. |
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| JeepTJ01 |
| I just bought some yesterday. I would sell if I was you. |
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| srm5 |
I bought mine at 5.15 in March...
As soon as it goes lower than 3.5 I'm gonna buy some more.... I don't think they are going bankrupt anytime soon and that would be the only reason to sell |
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| elroyjonz |
| Wait until it falls to $2 where it has support and then buy. I would never buy at this price. |
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| Jimbo11 |
| Quote: If you are asking for stock advice on a message board, then I'd say you probably should never have bought in the first place. |
Bingo. What's worse, you are asking for advice on a Howard Stern message board. These guys will never tell you to sell. Go to google and type in SIRI. Look at the numbers yourself. They aren't pretty.
Do your research but also realize it is possible this company will never turn a profit and the stock will be worth nothing. I'm not saying the company is headed for bankruptcy but it is possible this stock could be worth $1.00 a share 10 years from now. The stock is not cheap at it's current levels.
If this is "fun money" for you then go ahead and hold on, if this is money you need, I'd sell. |
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| BelowTheCrowd |
You mean you bought a stock without clear and upfront criteria for selling it?
If you think about "when will I sell" before you buy, you often avoid making the stupid or emotional buys that end up costing you money.
If you have no idea what set of circumstances would cause you to sell, then you shouldn't be buying. (The usual lazy excuse is something to the effect of "I believe in the company, I'm in for the long haul, and I'm not planning to sell.")
Of course, if you continue to make buys without thinking through the possibilities, I will continue to be happy to take your money, selling or even shorting the stock to you at the highs and buying it off of you when you finally panic and sell near the bottom.
-btc |
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| mrblack66 |
Quote: Originally posted by mrblack66
dont sell
BUY! |
hope you listened to me |
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| pissclam |
| 5.25.06 = FUCK YEAH! |
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