I added another 1400 shares at .14 this morning.
Let me clearify that...At first I thought it was a no brainer Ill buy a few share and wait...Then the more you vest the more you need to know and know..I think now I read everything and anything about Sirius or anything connected to Sirius....So actually I have been using my brain constantly...So I gonna have to Agree with you on this one....
I sometimes wonder what on earth someone who doesn't own sirius stock and who doesn't like the company is doing here. I don't own 2 million other stocks and I hate a lot of them. I go crazy thinking about going to all those forums.......
It depends on how big of a pop you are expecting. There are several macroeconomic factors at play that may prevent SIRI from poping up soon and big. There is also the balance sheet and debt issue.
I am thinking it may take the whole 2009 to reach .50 with small pops (30% to 35% gains in one day?) after each earnings announcement if they meet or beat expectations and they reveal some secret weapon to tackle the debt (not more dilution).
All in all, SIRI may pop big (maybe double to lets say $0.75 or $1.00) at the beginning (after first earnings announcement) of 2010 but only if it proves during 2009 that it is a sound and viable company and it is trading around .50 during that period. During 2010 it may even develop a steep up-trend. (If NASDAQ lets them keep trading at those prices, if not they will have to do the reverse split).
I would not bet my house on SIRI though.