how many shares do you own?

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Originally Posted by Siriusowner

I wouldn't be either...happy

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i would, assuming i kept my own price avg :)

I added another 1400 shares at .14 this morning.

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Originally Posted by Siriusowner

That is the problem !!! Everyone that bought SIRI's shares thought it was a "no brainer" !!!

Nothing in this life and I mean NOTHING is a "no brainer". If things that are worth the pain were easly done, anyone could do them.

I bought them but I thought about it and when I added I waited and waited and waited and researched, researched, researched and I am going small, small, small, crawling, crawling, crawling, crawling, crawling, crawling, crawling... walking, walking, walking, walking, walking... selling, selling, selling.

And all the way I am thinking "Am I doing the right thing ?" I do need my brain to think so no "no brainers" for me.

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Let me clearify that...At first I thought it was a no brainer Ill buy a few share and wait...Then the more you vest the more you need to know and know..I think now I read everything and anything about Sirius or anything connected to Sirius....So actually I have been using my brain constantly...So I gonna have to Agree with you on this one....

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Originally Posted by Sworntwofun

Let me clearify that...At first I thought it was a no brainer Ill buy a few share and wait...Then the more you vest the more you need to know and know..I think now I read everything and anything about Sirius or anything connected to Sirius....So actually I have been using my brain constantly...So I gonna have to Agree with you on this one....

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Please research any other company that looks like a "no brainer" also. You work hard for your money, make it work hard for you too.

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Originally Posted by trippingthespeculatingpos

i would, assuming i kept my own price avg :)

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I would not be happy owning 330K shares of Sirius even if my cost was .12 per share. Most likely I would have sold 50% them at .13 and 50% this morning @ .14

I sometimes wonder what on earth someone who doesn't own sirius stock and who doesn't like the company is doing here. I don't own 2 million other stocks and I hate a lot of them. I go crazy thinking about going to all those forums.......:confused:

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Originally Posted by hoping2rise

I sometimes wonder what on earth someone who doesn't own sirius stock and who doesn't like the company is doing here. I don't own 2 million other stocks and I hate a lot of them. I go crazy thinking about going to all those forums.......:confused:

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Killing time... until this damn thing pops up...then I am out of here.

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Originally Posted by Siriusowner

Killing time... until this damn thing pops up...then I am out of here.

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Siriusowner,

You were telling people on this forum awhile back that it was not a good idea to average down on SIRI, but you are doing just that?

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Originally Posted by Siriusowner

Killing time... until this damn thing pops up...then I am out of here.

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SiriusOwner - what is your best "Guess" - when will this thing pop?? I am assuming that "pop" means take off ie stocks going up up up????

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Originally Posted by RickF

SiriusOwner - what is your best "Guess" - when will this thing pop?? I am assuming that "pop" means take off ie stocks going up up up????

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It depends on how big of a pop you are expecting. There are several macroeconomic factors at play that may prevent SIRI from poping up soon and big. There is also the balance sheet and debt issue.

I am thinking it may take the whole 2009 to reach .50 with small pops (30% to 35% gains in one day?) after each earnings announcement if they meet or beat expectations and they reveal some secret weapon to tackle the debt (not more dilution).

All in all, SIRI may pop big (maybe double to lets say $0.75 or $1.00) at the beginning (after first earnings announcement) of 2010 but only if it proves during 2009 that it is a sound and viable company and it is trading around .50 during that period. During 2010 it may even develop a steep up-trend. (If NASDAQ lets them keep trading at those prices, if not they will have to do the reverse split).

I would not bet my house on SIRI though.

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Originally Posted by Demian

Siriusowner,

You were telling people on this forum awhile back that it was not a good idea to average down on SIRI, but you are doing just that?

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I am not. I am actually averaging up. If I buy @.13 and then at .14 my cost would be 0.1350. I will only keep buying if it keeps going up. I did not buy any today.

I may be wrong because I think this issue has reached bottom when it may not but at least I am not trading my self into oblivion.

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Originally Posted by Siriusowner

I am not. I am actually averaging up. If I buy @.13 and then at .14 my cost would be 0.1350. I will only keep buying if it keeps going up. I did not buy any today.

I may be wrong because I think this issue has reached bottom when it may not but at least I am not trading my self into oblivion.

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Siriusowner,

If you are down on your original position and you buy more it is called "averaging down"....

You said that you had XM stock that was converted to SIRI stock and that you were in the red with your position. You told people on this board awhile back that if people were down with their SIRI positions, that they should not be averaging down because the company's balance sheet was so bad.

You said that you bought more and are planning on buying more. It is called "averaging down" when you buy more - adding to your position that is already in the red. You are doing the opposite of what you were recommending to people on this board. You also said that it was safe to buy at .14 and then you said that you told us all that it was going to 10 cents...

I searched and I never found where you said it was going to .10...

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Originally Posted by Demian

Siriusowner,

If you are down on your original position and you buy more it is called "averaging down"....

You said that you had XM stock that was converted to SIRI stock and that you were in the red with your position. You told people on this board awhile back that if people were down with their SIRI positions, that they should not be averaging down because the company's balance sheet was so bad.

You said that you bought more and are planning on buying more. It is called "averaging down" when you buy more - adding to your position that is already in the red. You are doing the opposite of what you were recommending to people on this board. You also said that it was safe to buy at .14 and then you said that you told us all that it was going to 10 cents...

I searched and I never found where you said it was going to .10...

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Remember I had 2 accounts ?

I am not buying on the same account, I have 3200 shares @ .57 and 1000 @ .13. Although I did avg. it on a spread sheet I keep for tax purposes from .57 to .47. Thank you, I need to correct that. Those 2 trades do not belong together.

You also remeber I said it is going to .10 but then I corrected myself and said buy @ .14

Where's the stock price right now ? Where is it going according to you ? From your comments I gather you are bullish and want the stock to go up.

Why are you complaing then, have you lost any money or has anybody lost any money because of what I have said ? It is impossible to predict an exact bottom and more with the balance sheet this company has... + Everyone want to risk money so now that the odds have improved, it is the time to do it !! Not before when the price was at .40, .30 or even .20

So if one is down on a stock and they open a new account and buy more it is not averaging down?

I don't think so.....

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Originally Posted by Siriusowner

You also remeber I said it is going to .10 but then I corrected myself and said buy @ .14

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That is a flat out lie....

This is your post on 12/02/08......

"...it will be "safe" to buy at .14 or a little bit above..."

http://siriusbuzz.com/forum/showthread.php?t=1137

And this is your post on 12/19/08......

"I told y'all so... 10 cents"

http://siriusbuzz.com/forum/showthread.php?t=1197

You said you thought it was safe to buy at .14 and THEN you said that you had told us all 10 cents....

Siriusowner,

To refresh your memory, this is also what you told people on this board in regards to averaging down on 11/24/08.....

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Originally Posted by Siriusowner

Gents -

I know most of you think that averaging down is a good strategy. It is not. Just see what happened to ENRON and WORLDCOM. The investors were all bullish like you all. The stock was tanking and individual investors kept adding to the position thinking the stock was getting cheap.... Where are they now ?

I know everyone is desperate to add since the price seems so cheap but THINK about it, the price is cheap for a REASON (and is not just the economy).

If you add to the position right now, you may end up loosing all your money.

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Originally Posted by Demian

So if one is down on a stock and they open a new account and buy more it is not averaging down?

I don't think so.....

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No according to the IRS. If I liquidate the one with gains I have to pay taxes, if I liquidate the one with losses I can deduct them.

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Originally Posted by Demian

Siriusowner,

To refresh your memory, this is also what you told people on this board in regards to averaging down on 11/24/08.....

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When was that, almost 2 months ago ? Do you expect me to stay with the same position forever ? 2 months ago this was surely not a good investment (as it is today) BUT the odds have improved, a little bit, but nevertheless improved. It is not the same jumping off a 40 story building than off a 1.3 story building. Jumping off the 1.3 story building you have a chance for survival, of course you gotta jump carefully and not mouth first.

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Originally Posted by Demian

That is a flat out lie....

This is your post on 12/02/08......

"...it will be "safe" to buy at .14 or a little bit above..."

http://siriusbuzz.com/forum/showthread.php?t=1137

And this is your post on 12/19/08......

"I told y'all so... 10 cents"

http://siriusbuzz.com/forum/showthread.php?t=1197

You said you thought it was safe to buy at .14 and THEN you said that you had told us all 10 cents....

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It may still go to 10 cents, who knows. The damn company is closer to BK than to be profitable. But if you wanna bet, it is safe to buy @ .14, at least you will not loose the house.

By the way don't bet the house.

35000ish @ .14