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I only entered the market last Nov for the first time. I had zero$ in the stock market in any way shape or form so the big crash last year had no affect on my finances. It did suggest to me that it was finally time to get into the market since things were depressed, so I started out with $500 in a Scottrade account and bought a few things with no real clue why just so I'd have a reason to learn how everything worked, learn the terminology, have a reason to watch the live streaming quotes, etc.
I am an XM subscriber, two of them, one with Best of Sirius on it. I basically looked around my house for products and companies to buy stock in and looked into SiriusXM without knowing anything about what was going on with the company. I bought about $40 worth of the stock at .185 then set to doing research on the various companies I'd purchased.
When I started looking into SiriusXM I became intrigued by the whole saga and learned all I could about it. As time went by I came to believe that the bankruptcy just wasn't going to happen, so I put more $ in my account and purchased more shares at various price points with the lowest being at .089
As 2/17 got closer I decided to sell everything else I'd bought, some at a loss and some with a gain and turn it into SIRI shares and boy am I glad I did! I'm definitely in the green with my 36,000 shares averaged at .1138. So I'm at 330% of my original investment or something like that.
This'll probably be a pretty tough act to follow as I proceed with investing.
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in the green
Every time i purchased this stock it seemed to go down the very next minute. I thought that i was just destined to be doomed by this thing but as you all know it is very addicting. Bought at 5.37 a few years ago then watched it go to .40 in october and then said it cant go lower, they will never go bankrupt, so i bought at the time what i thought was a lot of shares. The very next day it fell off the charts hitting .21 within a few days, again doomed. Then like most of you, I started paying close attention to everything and bought again at .13 only to watch it fall again within days to .06. Then after "the Deal" popped it to .22 i said if it go's back anywhere near .16 i am buying my last time. So i did and what happend when i got back from lunch 30 minutes later .125 cents again. I hung in there though and only sold my original $2500 worth 465@$5.37 investment for the tax write off 30 days after my .40 buy in. Now it is time to put emotions aside and stand on the sidelines and see how this all plays out over the next few years. Remember if sirius gets the marketing going with iphone and other retail radios that is a plus in of itself. Autos will come back on there own, every time there is this big of a decline in auto sales it is followed by several record years or so. And with the deeper penetration we are getting with the manufactures this all spells the coming of breakeven and then profits. Well thats my story and yes I am in the green
