There appear to be some professional traders frequenting this board; however, most of us are small timers. I certainly am. It's important to get information about SIRI and Sirius XM from multiple sources, not just from this board or other blogs. I do. I follow the threads but also try to keep up with news organizations' coverage of the stock.
Yesteday I posted about a CNN Money article that covered securities in or going into the penny stock bin. The article's author, a CNN Money editor-at-large, said that he would focus on Sirius XM today, and he did ... and his piece is not encouraging to say the least--but still is important to understand. Here's the link:
Certainly some on SiriusBuzz may take exception to elements of the article, and that's fine, but the picture it paints is the one we are standing in front of. I'm down 84% now and still holding (having plowed only discretionary funds into this speculative play). I wonder what the actuals will be in Q4 and what outcomes there will be from the upcoming shareholders' meeting. I keep holding because February and the near-term debt payment matter have not come and gone. Mel may have an Ace to play that he will not reveal until a most critical point, which now is pennies away.
On a lighter note, imagine the closing share price today without the NASDAQ listing extension....