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Thread: SIRI closed at 25 cents today......your thoughts?

  1. #11
    Mario is offline
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    Joined: Aug 2007 Posts: 39
    I have an average price of 3.18 on my 500 shares. Plus, I have lost about 6k in the past on Sirius stock which I sold (that was a good move.. kind of)

    So basically I have about $21500 on the line. I can afford to lose it, it would be a good lesson, but I would prefer not to.

    I will risk another another $3000 on this stock. I have a buy order in at .2 for 10 000 shares, this would average me down to about $1.4. If it goes lower, I will buy another 10 000 shares at 10 cents, which would reduce my average to about $1. But I will only buy more after the earning release...

    Without a reverse split, I think I could probably break even by next year if the company continues to ad some subs. If not, I will hold it. I'm not selling... I can risk it if the company goes BK, which I don't think they will.

  2. #12
    Krypto1 is offline
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    Joined: Sep 2008 Location: Los Angeles Posts: 21

    Just averaged In

    Really hard to watch isn't it? I have 400k shares at an average of just under 3 bucks per share. I just purchased 100k shares at 26 cents today. If the company files BK, sad day for us all, I have seen absolutely nothing at this point to make me think that BK is imminent, if the Q3 call is ok, then I will look to average in much further. The company has made some inconsistant statements to be sure, but the economic outlook & market activity over the past month make anyone who says anything (accept the end is near) sound like a shmuck. I hope Mel stays quiet, gets the debt handled, and guts the duplicate infastructures of this company as fast as humanly possible. Nothing but poitive metric info, debt restructuring info, and cost cutting will turn the stock price north. I still believe that it can be done. My money is where my mouth is and I believe that things will improve.

  3. #13
    Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    Some illegal manipulation has got to be going on! Where is the SEC? I was watching the bid and ask and it was all on the bid, but the price would not move up....

    How about those trades in the morning at .27 and .29 that were way below the bid and the ask?

    Who is selling down here?

    Are the manipulators just selling to themselves?

  4. #14
    spanyo is offline
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    Joined: Jul 2008 Posts: 135
    I bought at 2.04 and 1.54.

    I've practically needed a straight jacket to not buy more. But at this rate I don't think the time is quite yet. I'm guessing a few days before the Q3 report may be the bottom. Watch volume and libor rate. I thought it could go to .25, but I don't know if I should hold out for .15 or .10.

    After it truly bottoms it is going to jump... That seems to be how these things work. Just my gut feeling.

  5. #15
    deewcom is offline
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    Joined: Jul 2008 Posts: 166
    Spanyo, you've got a lot of confidence. I know the spectrum and the potential growth of the business is huge. But... how can you be confident that we the shareholders won't be shut out by BK and reorganization or by a low ball buyout? I bought 1600 more shares today for $464. I could have got them for $400. Its the story of my life.

    Will 25 cents be the bottom?

  6. #16
    imromo24 is offline
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    Joined: Aug 2008 Location: Steeler Town, MI Posts: 2,524
    Could it be the delisting extension has given the manipulators more time to play?

  7. #17
    Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    I believe that .25 is the bottom........but I could be wrong.

  8. #18
    SiriusHope is offline
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    Joined: Oct 2008 Location: Las Vegas Posts: 515
    anyone want to guess what the pps will be by the shareholders meeting in december?

  9. #19
    broke because of Mel is offline
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    broke because of Mel's Avatar
    Joined: Oct 2008 Posts: 7
    Mel ,Enjoy that steak and lobster while my family eats Ramen noodles, Any more pain and we will sell our radios to pay for food,thats 3 less subscriptions

  10. #20
    Demian is offline
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    Joined: Oct 2008 Posts: 2,320
    SIRI was down over 20% today on no news.......

    This is just getting way out of hand!

    Where are the upgrades due to valuation?

    GS's price target is 50% higher than here......and they have the lowest price target!

  11. Ad Fairy Senior Member
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