Long, Long, Lets see the cards Mel
Another week, another breath, another 100,00 shares at .136 right before the close. 713,000 shares and I feel good about the future of the company. Shoot me I am an etenal optimist. Risk reward ratio is good right now. I obviously think Q4 will beat street estimates. To me, the fear, the cynicism, and the uncertainty expressed in the prices of this and many other equities = the shortest path between and investors and big gains. Hope that I get the opportunity to keep adding....
How to invest in SIRI thru Liberty?
I could use some help in understanding how to invest in SIRI thru Liberty.
Liberty has 3 trading stocks:
.....LCAPA - @$5.76 Liberty Capital
.....LMDIA - 17.94 Liberty Entertainment
.....LINTA - 3.38 Liberty Interactive
LINTA is their Catalogue & Mail order business, which, according to the liberty CC, they are eliminating or reducing.
LMDIA includes ownership of DirecTV including Starz (movies)
LCAPA includes all other not including the above.
SO, which Liberty branch invested in SIRI?
I still strongly believe in Sirius XM Satellite Radio. I am not convinced, however, that they will make it alone. My thinking is to divert some money from the sale of some SIRI stock and diversify, if you will, by putting that money into Liberty. That way I do not have all my SIRI money in one basket.
It would seem that if SIRI becomes successful (read profitable), that Liberty will benefit. And if SIRI can not and Liberty takes over a large percentage of the company, that Liberty will benefit greatly.
My problem is that I do not understand which of the above branches of Liberty to invest in: Liberty Capital, or Liberty Entertainment.
Can someone help?
Thanks,
Keysmark
ps - see next post before responding