This all seems like WAY too much thinking for me on SIRI.....
I'm not so sure why everyone is shocked, disturbed or anxious that SIRI is going lower?? Why on God's green earth wouldn't it??
The global economy is in the toilet, retail buyers are staying home, foreclosures are skyrocketing, jobs are scarce, banks aren't lending and car sales/BK's are making things even worse than we could have imagined.
Folks- JUST BUY THE STOCK, don't watch it every day, enjoy the other finer things in life and then check your SIRI shares again in June 2010.......THEN RETIRE!!!! :)
Now, I'm off to dinner with my lovely wife on this beautiful May evening and I could care less about where SIRI is trading at the moment, as I know we will benefit from our LONG stance in the years to come.
Cheers,
-Whynot
My guestimate for June 2010 is.....
Hey Hopeful,
I'm just taking a stab here, but I bet we see $3.00 by June 2010.
Why- Global turnaround in the market by Q1 2010, OEM's rocking by then, 25 million subs, iphone going strong, bundled package with Direct and net profit estimated for year end 2010 of $750 million (due to cost synergies and the above mentioned developments).
As mentioned, the above is just a guess.....but here's how a few of my "guesses" have turned out in the last 6 months:
BCS- Bought at $3 and just sold at $16
AIB- Bought at $1 and currently at $2.45
YGE- Bought at $4 and currently at $8
GE- Bought at $7.00 and currently at $13
DFT- Bought at $2 and sold at $9.00
CSE- Bought at $1.80 and currently at $3.45
YTD portfolio- +134%
Common link- All great companies, all undervalued, unique or industry leading services AND......I have worked with them all, used their products/services and done my homework.
Mostly I'm just lucky and stubborn......so I'll stay stubborn on $3 in June 2010!!!!!! :):):)
I hope no one proves me wrong!!
Cheers,
-Whynot