Results 1 to 7 of 7

Thread: This is a sad time we live in

  1. #1
    Roncool is offline
    Junior Member
    Roncool's Avatar
    Joined: Oct 2008 Posts: 17

    This is a sad time we live in

    As a comsumer I really injoyed my XM. I equiped all my cars. I even had it in my house. I found myself from time to time in a car without it and can say I missed not having the service in that car. I live in the Los Angeles area and found the service usefull, I thought if I lived in a rural area I would love this service even more. I looked at the pricing and compaired it to the value. I liked the idea of these two companies comming together ,and came to the conclution it would be a good investment to buy stock in this company.

    Not being a trader I did a quick study and opened a Ameritrade account. I bought about 20K in stock. I can tell you this it has been a real eye opener. I am surprised that a industry has allowed itself to regress to a organzition with little to no morals. There is nothing these people will not do to make a buck. The news today Marc Cuban insider trading. Hell just how much money is too much. just how many little people do these types need to step to get what ? most have eveything could ever need. I may not be a large man when it comes to business accomplishment, but I can look anyone I have delt with in the eye. The stock market is the way it is today because of guys like me . The money we invest in small amounts means little, however when you add up all these small accounts it makes the stock market move forward. I have lost trust in not just this stock ( I know something is going on) but in the market in general. Last week I was in Vages. I was playing Craps. I thought to myself I would of been better off taking my 20K to a casino crap game then trusting the likes of Sirrus and the people involved in the management of this company.

  2. #2
    Jworld is offline
    Member
    Jworld's Avatar
    Joined: Nov 2008 Posts: 78
    All i can say is this. Im no financial guru, hell, i do even know how th read the reports or what to look for.

    My question is this, what in the hell has to happen for Sirius to get back to $0.30 per share so that i can get my money and get the hell out of this.

    I have quite a few shared invested. Any suggestions?

  3. #3
    sxminvestor is offline
    Quote Originally Posted by Jworld View Post
    All i can say is this. Im no financial guru, hell, i do even know how th read the reports or what to look for.

    My question is this, what in the hell has to happen for Sirius to get back to $0.30 per share so that i can get my money and get the hell out of this.

    I have quite a few shared invested. Any suggestions?
    I'm debating whether or not I should get in under .20 cents or just take the balance of my $ and just burn it. This economy is so, so bad, car sales heading for under 10 million and Sirius is in big, big trouble. Serious dilution will continue to come and .15 cents might be a better entry point if they even can survive 2009.

  4. #4
    SiriusHope is offline
    Addict
    SiriusHope's Avatar
    Joined: Oct 2008 Location: Las Vegas Posts: 515
    SXM

    IMO.. .15 or less i predict is not far away as long as we keep losing .01 per day. PPS will decrease until we get good news about refi of debt.

  5. #5
    Roncool is offline
    Junior Member
    Roncool's Avatar
    Joined: Oct 2008 Posts: 17
    Look it's my opinion that this should be a $5.00 stock in a normal stock market. This is not a normal stock market. it would not surprise me to see this trading at $2.00 per share, and if not for the manipulation and insider deals going down with what I have been reading about short sales, and who knows what.

    I'am not complaning about taking a loss. winning and losing is part of the game . I just have a feeling that there is some real under the table things going on. it's my opinion this stock is going private at 6 cents a share and the deal is done and the money is there to make it happen.

    At least the crap table I played at didn't have loaded dice.

  6. #6
    Demian is offline
    Mentor
    Demian's Avatar
    Joined: Oct 2008 Posts: 2,320
    Quote Originally Posted by Roncool View Post
    it's my opinion this stock is going private at 6 cents a share and the deal is done and the money is there to make it happen.
    There is no way in hell that the shareholders would approve that....

  7. #7
    Roncool is offline
    Junior Member
    Roncool's Avatar
    Joined: Oct 2008 Posts: 17
    Quote Originally Posted by Demian View Post
    There is no way in hell that the shareholders would approve that....
    Educate Me, what would the share holders get if XM went BK????


    The point I guess I am trying to make here is the company picture is way better then .20 cents a share. This stock has been beat up sat on and immensed in dog shit and yet the guys in the know, or the big players should know this stock is a deal they should be buying now, but there not. There is a reason for that . it goes beyond a bad market.

  8. Ad Fairy Senior Member

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •