Maxing up the CC ?
Better than using margin... It gives you a nice time frame and goals for swing trading...
SELL if you start losing money and TRY NOT TO KEEP the balance on your card for more than the grace period... otherwise you will start paying interest on it and the stock will not only have to come up to make up for the trade commissions but for the interest also....The longer you keep the balance, the worst... I have done it in the past with $10,000 USD with a annual 9.9% interest = $83.00 monthly.
So with $10,000 you could buy 62,500 shares at .16 and for each month you keep the balance you will be adding about .001328 to the cost of the shares.
I wouldn't max the card though, leave some room there. Buy only 50,000 shares, if you have a $10,000 USD in credit ? Sound like a nice round number.
Keep a record and if you do keep the balance on your card for more than the grace period, do not forget to add the interest to the cost of your shares.
Demian, that is actually bad news believe it or not. I know you are asking why. Well as I said a long time ago that concession (along with the rest of them) was never really all that bad. As a matter of fact you could look at it as a plus for SIRIXM. Look they will get 4% of their content for free, Because while they dont get any revenue from leasing the channels they also dont pay for the content, that is left up to the people leasing the channels to pay for. So the bottom line is SIRIXM gets 4% of their content for free and you still have to subscribe to get those channels, THEY SAVE ON COST. That is one reason I cant help but think Mel did a great job. I say it again only Mel could have gotten this through the FCC with concessions that in the end for the most part actually benifit SIRIXM. I had put a thread out showing just this just after the merger was approved.
Here is the thread:
http://siriusbuzz.com/forum/showthread.php?t=589
Last edited by john; 02-28-2009 at 01:26 PM.
http://www.fool.com/investing/genera...ook-ahead.aspx
Monday
The new trading week kicks off with Charles Ergen's two companies -- EchoStar (Nasdaq: SATS) and satellite television giant DISH Network (Nasdaq: DISH) -- reporting their fourth-quarter results. Rest assured that EchoStar will be asked about its failed bid to acquire a sizeable stake in Sirius XM Radio (Nasdaq: SIRI) earlier this month.
Does it still want a piece of the satellite radio company? Will it keep buying Sirius XM's maturing debt? There may be no clarity on Ergen's stance come Monday, but you know the questions will be asked.
Sirius spikes 3 cents on absolutely no news at all? Precisely at the end of the day...hhhmmm. Some large hedge fund or maybe several , did not want to be a short over this weekend.
Perhaps its the Sirius - Iphone Application? Something going to happen Monday?
Sirius to be upgraded - maybe, we will get more movement there.
Somebody knows something. Best off checking back on the stock 5 years from now. Im not selling mine. Im hoping to retire with my gains from a penny stock.
DogStar
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own: VLO, CSCO, Long SIRI
Last edited by Dogstar; 02-28-2009 at 05:51 PM.
http://www.multichannel.com/article/...TV_Tie_Ins.php
Liberty Media Eyes DirecTV Tie-Ins
Maffei: Satellite-TV Firm Explores Bundling In Sirius XM's Radio Programming
by Mike Farrell -- Multichannel News, 3/2/2009 12:00:00 AM MT
Liberty Media's bailout of Sirius XM Radio could lead to at least some bundled offerings with the media giant's DirecTV satellite-TV service, Liberty CEO Gregg Maffei told analysts last Wednesday.
Ok, think I figured out why we popped. A short squeeze due to the emails being sent out..
There was an email sent out to XM and Sirius subscribers:
"FIND OUT NEXT WEEK WHY SIRIUS MAKES MORE SENSE THAN EVER...
1 Week sales event, 3 deals, 3 ways to listen"
nothing else said....
The three ways to listen?
1.) Satellite Receiver
2.) Internet
3.) ?
Whats the last way?
DogStar
Last edited by Dogstar; 02-28-2009 at 07:06 PM.
in home i think, i dont think thats why we popped, it has alot to do with the bond holders and the fact that we have been underpriced for like 6 months now or even more.