Hi everyone! First post.
So I've been watching this stock for 6 months waiting for the stock to level out or start an incline but it just doesn't seem to want to do so (yet). That's fine for an investor like me sitting on the sidelines because it just means I'll get a better deal. Now that the stock is well below $1.00 with not much more room to decline further, I'm preparing to pull the trigger and buy heavy and hold because I believe in these guys and their long term prospects for future growth.
Since I'm just a part-time investor, I was wondering if anyone can help me a couple things I don't understand:
- Why did the longs hang in there for so long and lose almost everything?
For instance, I read someone has 115,00 SIRI shares with a $2.86 average. If the stock has continued to dip, why do people like that hold on? Why wouldn't they sell at $2.00, cap their losses and buy again after the stock price gets back to $2.00?
- What is the impact of investing before versus after the reverse split (which seems inevitable)?
If I invest and the RS occurs to prevent delisting or facilitate Liberty's 12.5 deal, what would the impact be to me rather than waiting until after the reverse split occurs?
Anyway, hope to get to know you guys and full disclosure here, I was one of those who doubled their money when the Liberty deal was announced. Now I'm interested in a more long-term strategy.