Yes I make mistakes, my biggest one to date ? Buying into into the worthless piece of s..t that is satellite radio.
Type: Posts; User: Siriusowner
Yes I make mistakes, my biggest one to date ? Buying into into the worthless piece of s..t that is satellite radio.
That's not entirely true. It is supposed to work like that but it doesn't. If we sell or buy, you do that thru a market maker, we do not buy or sell to other investors/traders.
... you forgot 0, lol.
So you sold it ? And then what, bought it again ?
If you call $600 quite a bit then we are in different leagues my boy.
How about the risk ? Big and unlimited too ? I like Sat Radio too, that did not make me want to invest on it.
Anyway, everyone in the forum performed the same analysis as you did when they bought...
There nothing wrong with buying when there's blood in the street; however, when there's blood in the street there's no need to get overly greedy. If GE lost 70% ,3M 50%, Apple 60%, why not invest in...
Sure. What makes you think I have lost $1440 in this trade ? That was the original cost. Nothing has a straight line up or down.
The Lehman effect. This was felt more by companies with bad fundamentals.
I agree with you, the economy sucks but, why have other companies "only" lost 40% or 50% and not 96%. Everyone is looking...
Again, someone trying to beat me... you 1 Siriusowner 0, right ? This is not a game, it is about capital preservation. If I wanted to gamble I would have gone to Vegas.
By now my losses are...
Speculation has not driven SIRI's stock price down though... When SIRI was$9.00 it was speculation, now that is 11 or 12 cents is fundamentals - ok maybe some speculation, but tell me, speculation...
I will just say this: The market can be irrational, I agree ... I do not with the rest of your post. No need to tell me where to invest my money, I know where my money is, do you know where yours is...
Yes I did. Does it matter ? I was swing trading, not accumulating.
I partially agree with you, however, SIRI is not a growth stock. A growth stock is often overvalued...
SIRI is a highly risky and speculative stock. Speculative stocks are often purchased by...
Speculation. Why did oil hit $147 in July ? Why is it $37 NOW ?
Well, well, well... Manipulated, collusion, pump and dump, etc...
Everyone is looking for an explanation and questioning why SIRI is @ a dime a share when the answer is in its balance sheet.
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