how many shares do you own?

This is why I'm in it for the long haul. I had other investments in mutual funds, but since last October of 07, a lot of that dimished as well. I should have gotten out then, but my broker said "hang in there don't get out, what if it goes back up the next day 400 points":banghead:. Well, I hung in there and watched my portfolio decrease. Well, I have since cashed out my losses and regouped. As for Sirius, I think a lot of people thought things would have been alot better then they have been, but unless you take your losses, I'm in it for the long.

Quote:

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Originally Posted by Whynot

Siriusowner- The only thing that could bring this stock any lower is BK and no one thinks that there in much likelyhood of that. I believe even Newman (apologies if I'm wrong) mentioned in another thread that there was no more than a 20% chance of that happening. There is no metrix at this point.....just blind faith, which will either pay off or leave me with a loss I'm willing to part with for the chances of the GREAT return in the future.

Cheers,
-Whynot

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I have been getting involved more and more in this Forum and I am trying not to get too complicated.

Math is a great tool, I know because I am an engineer, a good one, I think. Use it !!! Don't use just faith... You WILL get killed in the stock market if you just use faith.

SiriusOwner:

I do appreciate some of the insights you bring to the conversations. I have always said, and I have made many posts that people did not like, because I feel that people should know the RISKS along with the rewards. Everyone has a different risk/reward tollerance based on a bazillion factors that I cannot even begin to go into.

I think that if people make an investment knowing the risks and the rewards, analyze them, and know what they are getting themselves into, then they made a good decision. It may not work out the way they planned, but they knew that it was part of the risks they are taking.

The people that are getting me are the ones that jumped into Sirius simply to play the merger and never looked at the risks involved with the company. Many of these are the same ones calling for Karmazin to be fired, because it has to be somebody's fault that the stock went down. No, that is a risk you take when you get into a stock, and Sirius more than most others, because it is purely a speculative play. If you have your retirement hopes based on Sirius, I would say you were a fool. If you have your retirement set already, and have Sirius as a side investment, then that is another story. Some of these people who gave up a house to buy Sirius... OMG.

The one thing I do demand from EVERYONE, is if you are going to post something, do so using facts. I hate the Yahoo and Google boards because it is useless and factless pumping and bashing. How many posts have you read that say "Sirius Goes to $1 today!" and "Sirius will file for BK today!", all with absolutely no facts involved? WAY too many.

I value all opinions, as long as they back those opinions up with facts.

Quote:

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Originally Posted by Newman

SiriusOwner:



I value all opinions, as long as they back those opinions up with facts.

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I did the same thing you did. You said you used your common sense to say there's 20% chance of BK and pointed that out. I used a mathematical model and did the same thing.

I will start pointing you all towards where you can "get to the facts". NOT the facts but how to get them.

I do not intend to post here how I get to an answer but how you can get to the same results using the same tools.

For example, RISK - This is part of probability. Denotes the precise probability of an event.... like BK. There are books, formulas, theorems, etc... that can help you all determine RISK.

These tools are out there. Learn how to use them.

10,000 at .15

a day after i bought it went to .23 but for some reason i didn't sell, lol...i def should have

I am probably the "dip":out:, but just bought 6071 @ .1404...Cost average down to $0.57....

I will be happy with half my money back at this point...Come on baby!!

yea this stock is hard to resist at these prices.

It sounds like I am the most sane person here 1333 @ .16 Yep, $200 worth, or at least it was $200.

I know that isn't the head on a needle for most of you, but here is what I think:

Satellite radio is a new commodity and it is an extremely good product.
The hardware is great, the music is great and it is just a wonderful thing.

I don't believe Sirius / XM will ever go away, because it is satellite based technology. They have put a lot into it.

I believe the very worst thing that could happen it that somebody else would buy them out. Satellite radio is NOT going away, no more than computers are, or satellite T.V..

Sometimes when you are so involved in something (like a large investment), it is really hard to take a look from the other side (like the consumer does).

This is a picture of a consumer with his Sirius radio: :)
This is a Sirius investor who has lost money: :annoyed:

So, as I see it, in my simple little mind, it is just a matter of time before the price goes up. When the price does go up, my little 1333 shares of my $200 investment will make quite a bit of money for that small of an investment. Yes, and I do call it an "Investment", because over time it has no other direction to go than up!

You guys who have spent the big bucks will have a really bright future! And tons of money, so hang in there and I wish you the very best! :thumbup:

By the way, I really enjoy reading your guys comments.

5979 @ $1.13

Still picking up shares here and there as I am looking ahead a few years and just can't see how Satellite will ever go away. I have an IPOD also, but I'm so damn lazy I don't feel like putting songs on there or making my own playlists. I honestly feel there will always be a need for Satellite so I'm investing for the future. Although, I'm curious what will be said at the upcoming Shareholder meeting.

I originally bought 335,000 @ .1485, it went to .235, foolishly I hung on, thinking more long. I sold it at .16. I re-bought 350,000 at .151, thinking this seemed to be near the bottom. I was obviously wrong. Right now, as long as it trades around .145-.146, I break even when I take into account the taxes I must pay for my profit at .16.

All this being said, I am hopeful that we will hear good news soon and see it push north of .18-.20 again. Today's big Fed news didn't move it much but it seems that SIRI has a lag time before positive news works its way into the price. I just hope that at the .151 I bought I don't lose money, and maybe I stand a chance to even make a few dollars if it shoots up eventually to say high .20's to even the .30's in the next few months. My fear however, is that with credit as tight as it is, the financing may be hard to come by in February. Combine today's Fed moves, not just rate cuts but other action that should help free up credit markets, the White House/Treasury announcing their package, and SOME good news from the meeting and maybe, just maybe we see a little pop. Then again, maybe I am just clutching at straws. Thoughts?

dont get your hopes up :o

I've been thinking and I do not see how SIRI will break up or down after the meeting. To begin with, the next dilution and the reverse split have already been priced in, so, no break down right ? Also, I highly doubt the CEO will lower expectations, so, no break down either there. What will make it break up ? NOTHING, right now, there's nothing. He may even increase guidance and even with that I doubt it will break up. Announcement about refinancing of the debt ? NOPE. Refinancing of the debt will not bring in positive EPS.

What they have to do is PROVE they are a viable company. They have not done so yet in 5 or 6 years no matter what who ever is out there that is pro SIRI says... Keep in mind I am not saying they are not trying and that if they do PROVE themselves in the next few quarters, the stock will start trending up.

Do not hold your expectations to high for the near term though...

On the other hand, if you are day or swing trading, there are good opportunities to make money with SIRI... 5-8% daily up or down moves are good opportunities to make money, at least is not trading flat.

Quote:

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Originally Posted by BuSeeAir

I originally bought 335,000 @ .1485, it went to .235, foolishly I hung on, thinking more long. I sold it at .16. I re-bought 350,000 at .151, thinking this seemed to be near the bottom. I was obviously wrong. Right now, as long as it trades around .145-.146, I break even when I take into account the taxes I must pay for my profit at .16.

All this being said, I am hopeful that we will hear good news soon and see it push north of .18-.20 again. Today's big Fed news didn't move it much but it seems that SIRI has a lag time before positive news works its way into the price. I just hope that at the .151 I bought I don't lose money, and maybe I stand a chance to even make a few dollars if it shoots up eventually to say high .20's to even the .30's in the next few months. My fear however, is that with credit as tight as it is, the financing may be hard to come by in February. Combine today's Fed moves, not just rate cuts but other action that should help free up credit markets, the White House/Treasury announcing their package, and SOME good news from the meeting and maybe, just maybe we see a little pop. Then again, maybe I am just clutching at straws. Thoughts?

---

May ask you what was your strategy when you bought the 335K shares and if it has changed ? Not having a strategy to begin with is foolish, especially when you risk $50K, changing one in the middle of a trade is even worst. If your trade did not realize (in revenue or timing), CLOSE IT, even if it means a loss.

If your intention was to hold it as an investment then you "might be ok???" Who knows... just hold on to your pants for a wild ride.

what goes up , must come down , Siri shares , spinnin round and round
lookin for the ceo mel the clown.

for me , its more like , at what price did i purchase SIRI , i am ashamed to tell you. but , in it to win it, maybe tens from now. and by that time SIRIUSXM will be world-wide , and we as a people will reap the benefits to all that is deserving !

end of transmission .....pshhhhhhhhhhh

Quote:

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Originally Posted by Siriusowner

May ask you what was your strategy when you bought the 335K shares and if it has changed ? Not having a strategy to begin with is foolish, especially when you risk $50K, changing one in the middle of a trade is even worst. If your trade did not realize (in revenue or timing), CLOSE IT, even if it means a loss.

If your intention was to hold it as an investment then you "might be ok???" Who knows... just hold on to your pants for a wild ride.

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Siriusowner- It's been a few weeks since I've chimed in here, as I've been busy with work. However in reading your last few increasingly salty and better-than-thou posts, all I've noticed you do is:

-Rip everyone's "strategy" to pieces.
-Review (usually negatively) every thread that lacks some exact mathematical equation in regards to their reasons to buy/sell/hold SIRI.
-Or just use good old fashioned condescending language to most of the good people on this forum.

I guess what I'm trying to say is....TAKE IT EASY ON US TIGER!! So you're an engineer....BIG DEAL! All three of my brothers, my father and grandfather are successful engineers, but I can't say that being an engineer has made any of them Wall Street tycoons and EVERYONE is capable of losing on a well calculated risk or winning on a statistically suicidal long shot.

In regards to this particular stock and current economy-SCREW theorems, mathematical equations and any other logic normally associated with the investment market. SIRI has been a ghastly ride down for quite some time (with seemingly all of the forces of the universe working against it) and it's time will come to rise again.......or we lose it all in BK. No one knows. Not even you sir.

It's that simple fella....things either get better or everyone loses. I'm sure you can provide us all an equation to eloquently illustrate your mathematical prowess and intellectual superiority......but I'm not buying it for now.

I'm just a simple 30 something business executive who graduated college with honors, has held leadership positions with global companies all over the world and I speak a few different languages fluently. On the side....I buy some stocks, like SIRI, with my spare money.

Sorry if my pedigree, education, work experience or reasoning behind my investment decisions don't meet or exceed your lofty intellectual standards, which you seem to hold everyone to who utters a word on this thread. But at the end of the day, rocket scientists or not, we're all a bunch of folks that have lost money on this stock and want to see it go up!

Have a beer, put the slide ruler down for a minute and relax.....we're all on the same ship here.

Cheers,
Whynot
-

Quote:

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Originally Posted by Whynot

Siriusowner- It's been a few weeks since I've chimed in here, as I've been busy with work. However in reading your last few increasingly salty and better-than-thou posts, all I've noticed you do is:

-Rip everyone's "strategy" to pieces.
-Review (usually negatively) every thread that lacks some exact mathematical equation in regards to their reasons to buy/sell/hold SIRI.
-Or just use good old fashioned condescending language to most of the good people on this forum.

I guess what I'm trying to say is....TAKE IT EASY ON US TIGER!! So you're an engineer....BIG DEAL! All three of my brothers, my father and grandfather are successful engineers, but I can't say that being an engineer has made any of them Wall Street tycoons and EVERYONE is capable of losing on a well calculated risk or winning on a statistically suicidal long shot.

In regards to this particular stock and current economy-SCREW theorems, mathematical equations and any other logic normally associated with the investment market. SIRI has been a ghastly ride down for quite some time (with seemingly all of the forces of the universe working against it) and it's time will come to rise again.......or we lose it all in BK. No one knows. Not even you sir.

It's that simple fella....things either get better or everyone loses. I'm sure you can provide us all an equation to eloquently illustrate your mathematical prowess and intellectual superiority......but I'm not buying it for now.

I'm just a simple 30 something business executive who graduated college with honors, has held leadership positions with global companies all over the world and I speak a few different languages fluently. On the side....I buy some stocks, like SIRI, with my spare money.

Sorry if my pedigree, education, work experience or reasoning behind my investment decisions don't meet or exceed your lofty intellectual standards, which you seem to hold everyone to who utters a word on this thread. But at the end of the day, rocket scientists or not, we're all a bunch of folks that have lost money on this stock and want to see it go up!

Have a beer, put the slide ruler down for a minute and relax.....we're all on the same ship here.

Cheers,
Whynot
-

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1.- What strategies are you talking about ? I have seen none so far. Buying on a downtrend to average down is not a strategy.
2.- There's a bear market out there, you have to be negative to make a profit. I am not going to cheer SIRI, no one should.
3.- You do not have to be an engineer to trade, all you need is basic math and a 10 year old can do it. Now, to be profitable, that is a different story...

Did anyone of your relatives have an MBA ? Engineering gives you the cold straight way of thinking and the math... business administration gives you the tools to take a company apart and rip it to pieces! You said you have some business education, well use the damn tools you learned.

This stock is not different than any other out there. What makes you think is so special ??? Your love for the company ???... well you will get slaugthered out there.

I do not like losing. No one should !!! Everyone seems to like that here !!! Each way I look I see "I'll buy more on the way down", "I'll average down", "it will come back up", etc ... WHAT ??? WHAT ??? WTF !!! If you are in, you are in but if you have cash, keep the damn money in cash !!!!!!!!!! or if you want RISK, invest in a damn good PROFITABLE company.

"First time shame on you, second time... shame on you too ???"

Anyway, it is your money YOU do with it what YOU think is best for YOU, but "strategies" like the ones I've seen here so far are what has America in the brink of BK.

"Anyway, it is your money YOU do with it what YOU think is best for YOU, but "strategies" like the ones I've seen here so far are what has America in the brink of BK."


Did i hear thar right? people like us are responsible for this? wow thats funny, if there were more people like us willing to spend money rather than cower in fear, we would probaly be quickly out of this problem. FEAR is why we are in this, the media is why we are in this, the election is why we are in this. Did you know people have more on avg saved up right now then they did last year? they have the money, they just been told by the media that the world is coming to an end, which has made a bad situation worse. yes we do have some serious issues out there, but they could of all been dealt with if only they could of kept american confidence up, but they didnt.

Quote:

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Originally Posted by trippingthespeculatingpos

"Anyway, it is your money YOU do with it what YOU think is best for YOU, but "strategies" like the ones I've seen here so far are what has America in the brink of BK."


Did i hear thar right? people like us are responsible for this? wow thats funny, if there were more people like us willing to spend money rather than cower in fear, we would probaly be quickly out of this problem. FEAR is why we are in this, the media is why we are in this, the election is why we are in this. Did you know people have more on avg saved up right now then they did last year? they have the money, they just been told by the media that the world is coming to an end, which has made a bad situation worse. yes we do have some serious issues out there, but they could of all been dealt with if only they could of kept american confidence up, but they didnt.

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LOL. For cryin' out loud ??? Education is cornerstone... But NO, no one seems to have gotten the message... people kept buyin' homes they could not afford, vehicles that became a 2nd mortgage, kept buying things on CREDIT, whether it was credit cards or a 2nd mortgage...
What did you expect ??? This thing to go on forever ??? Again, lol...

And no, I did not say investors...Me or you investing or not did not create this mess, period. But hey, you go ahead and do whatever you want to do with your money, after all, it is not mine... yet.

Quote:

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Originally Posted by Siriusowner

1.- What strategies are you talking about ? I have seen none so far. Buying on a downtrend to average down is not a strategy.
2.- There's a bear market out there, you have to be negative to make a profit. I am not going to cheer SIRI, no one should.
3.- You do not have to be an engineer to trade, all you need is basic math and a 10 year old can do it. Now, to be profitable, that is a different story...

Did anyone of your relatives have an MBA ? Engineering gives you the cold straight way of thinking and the math... business administration gives you the tools to take a company apart and rip it to pieces! You said you have some business education, well use the damn tools you learned.

This stock is not different than any other out there. What makes you think is so special ??? Your love for the company ???... well you will get slaugthered out there.

I do not like losing. No one should !!! Everyone seems to like that here !!! Each way I look I see "I'll buy more on the way down", "I'll average down", "it will come back up", etc ... WHAT ??? WHAT ??? WTF !!! If you are in, you are in but if you have cash, keep the damn money in cash !!!!!!!!!! or if you want RISK, invest in a damn good PROFITABLE company.

"First time shame on you, second time... shame on you too ???"

Anyway, it is your money YOU do with it what YOU think is best for YOU, but "strategies" like the ones I've seen here so far are what has America in the brink of BK.

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Siriusowner-I do in fact have an MBA and I use it everyday, thank you very much. But MBA's, much like engineers, don't always become Gordon Gecko's.......

To your second point, I don't "love the company". I don't "love" any company, not even the one that sends me the paychecks that I receive every other week. I like the promise of Satellite Radio and think that this SATRAD provider has unlimited and unrealized potential, which barring an unlikely BK, should turn us all a healthy profit in the next 3-5 years.

I suppose if you want to "shame me" accurately....then shame me well over 30,000 times at an average of .56 per share and you can keep shaming me until I'm either satisfied as an investor or SIRI goes toes up into BK.

For an engineer....you're unusually opinionated, egotistical, contrary and verbose. Are you sure you're not a politician? I might even vote for you if I knew the rest of your platform??!!

Merry Christmas to all and to all a good night,
-Whynot

merry christmas, but im done arguing with siriusowner over stuff, so from now on im blocking him out, completely blocked!!!!!!!