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Thread: The Sirius Story In Two Sentences

  1. #1
    Hopeful is offline
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    The Sirius Story In Two Sentences

    What do you guys think of this??? Especially the comments?

    http://mediamemo.allthingsd.com/2008...two-sentences/

    Long Sirius ~~~

  2. #2
    trippingthespeculatingpos is offline
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    people love to kick something when its down. they seem to think the stock price actually represents how a company is doing lol, this is the same sirius as when it was priced at 2 dollars but what were they saying then? It's your typical follow the crowd mentality, usually the biggest winners in life dont follow the crowd.

  3. #3
    Hopeful is offline
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    Hey tripping,

    Thanks for replying! I have to say well said!

    "It's your typical follow the crowd mentality, usually the biggest winners in life don't follow the crowd." If only people actually understood that.

    Long Sirius~~~

  4. #4
    jmm232 is offline
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    This Tim Skyes guy is a hedge fund short seller as far as I can recall. I am sure he is somehow involved in the manipulation of this stock. Complete loser.

    Check his nonsense out here.
    http://www.youtube.com/results?searc...rch_type=&aq=f

  5. #5
    Siriusowner is offline
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    The truth is, we all lost with Sirius. I bet on the merger and I lost, Tim did too, everyone did. The good thing about me is that I have not bought any Sirius stock since September and even then I sold the high priced shares and dumbly bought them again in October, cheaper, but that was a dumb move anyway.

  6. #6
    trippingthespeculatingpos is offline
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    Quote Originally Posted by Siriusowner View Post
    The truth is, we all lost with Sirius. I bet on the merger and I lost, Tim did too, everyone did. The good thing about me is that I have not bought any Sirius stock since September and even then I sold the high priced shares and dumbly bought them again in October, cheaper, but that was a dumb move anyway.
    speak for yourself sirius owner, i dont consider siri a loss for me yet.

  7. #7
    Siriusowner is offline
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    Quote Originally Posted by trippingthespeculatingpos View Post
    speak for yourself sirius owner, i dont consider siri a loss for me yet.
    Realized or unrealized, 2008 was a loss for everyone. Even if your time frame is 1, 5, 10 or 50 years, whenever the clock hits 00:00 on 12/31 and your stock is even or is below, it will be considered a loss for 2008. That is why even unrealized 401K's have lost so much even if you are in your 20's or 30's:

    For sake of simplicity, let's say at the beginning of 2008 you had $1000 USD in stock, if it had gained 10% and you did not add to the position, at the end of 2008 you will have $1100. Now, you start with $1100 in 2009 and it gains another 10%, by the end of 2009 you will have $1210. and so on. For sake of simplicity, it keeps gaining 10% in the next 10 years and you do not add to the position.

    End of 2010 = $1331
    2011 = 1464.10
    .
    .
    .
    2019 = $3138.43

    Now, since in 2008 you actually lost, depending on when you bought but I think you said at 16 cents ? and the stock is trading @ 12 cents on 12/31 you lost 25%. wich translated to $1000 is $250. So, at the end of 2008 you now have $750.00 instead of $1000.00.

    Lets assume 2009 becomes a normal year and the stock gains 10%, it will be 10% of $750.00 NOT $1000.

    End of 2009 = $825.00
    .
    .
    .
    2019 = $2139.84

    Now lets say by some sort of magical twist, SIRI does gain back 25% in 2009which may not be very difficult but still, is a challenge:

    End of 2009 = $937.50
    .
    .
    .
    2019 = $2431.64

    Now, you may have beat all of the indices and all investors in SIRI if you just began trading about a month ago... but if you have a 401K since the beginning of the year or even since mid-year, you can not say that you did not lose.

    It is called compounding. In the financial markets this year, EVERY ONE LOST. The only safe bet this year was to have all your financial assets in cash and even then, some money markets dipped below $1.00... Capisce ?

  8. #8
    Demian is offline
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    Let's say you short SIRI at .13 and it goes to 1.30....you would be in the red 1,000%...

  9. #9
    trippingthespeculatingpos is offline
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    i got in late oct, had no positions before that, ever,

  10. #10
    Siriusowner is offline
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    Quote Originally Posted by Demian View Post
    Let's say you short SIRI at .13 and it goes to 1.30....you would be in the red 1,000%...
    So ? What's your point ?
    Last edited by Siriusowner; 12-30-2008 at 10:03 AM.

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