And owned 20100 shares at .1395, what would your sell targets be? Im only asking because you all know alot more then me, so why not ask. lol
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And owned 20100 shares at .1395, what would your sell targets be? Im only asking because you all know alot more then me, so why not ask. lol
i'd say, hold till you retire, or really need it
for a crisis or emergency because you've got nothing else
nisvan has the right idea but for me i want to try and sell at the most i could possibly get for it, so im holding out for at least 10, go ahead and laugh but it is possible long term. sirius stock has been worth more than that in the past when the company was worth less.
True Dat Tripp ahahahah! :)
Generally the best bet when dealing with companies such as this is to sell 10-20% of your holdings after a large spike up and take profits. You are basically at 0.14. Lets say Sirius spikes up this week on refinancing news to 0.28. Sell 20% of your shares, and collect the profits. Then, wait for a pull back to buy some back. If there is no pull back and the stock doubles again, sell another 20% and wait for the pull back. By this time, you will have almost covered your original investment, you will have still have 60% of the shares you had originally, and you will be playing with borrowed money basically.
i do not prefer that method unless you have 50,000 shares or more at .28 cents with 10000 shares and a 15 cent avg that would only be 260 profit to sell 20 percent at .28 cents and then that 260 becomes 240 after i sell and buy back. maybe round .50 to 1.00 i would sell a little and wait for a pull back but thats just me.
Well tripping, let us do a little bit of math.
I am going to round the shares and cost basis for easier calculations. He has 20000 shares at 0.14. Total cost of $2800.
If Sirius doubles to $0.28 and he sells 20% (4000 shares), he would bring in $1120. He still has 16000 shares, and his cost is now down to 1680.
Assuming that there is no pull back and he does not buy any more stock, the stock again doubles, now going to $0.56. He sells another 20% (20% of original stake, again 4000 shares). This would bring him $2240.
He now has 12000 shares left, and has completely covered his original investment and actually profited by $560. Ok, take out $10 for each transaction, and he only made $530, including the original trade fee, but still has a lot of shares...
i know that is a conservative way to insure you will profit off a increase in pps, but id hate to have less than 10,000 shares when this thing goes over a dollar which in my heart of heart's i think it will, im alreaqdy upset that i only have 10,000 hahah so id hate to sell more before the really big payoff. I use your method with other stocks were i am trying to make profit be they small or big, but with sirius im aiming really really high.
I understand that, and the method has to be modified for most stocks. (Most stocks you cant wait until they double or quadrupal to take profits.)
The great thing about Sirius is that the price is SOOO low. It will have huge gains on limited information, and huge losses on even less. After a nice spike, a pullback is inevitable, in which you can buy the same number of shares you sold and keep some profit, or buy even more shares at the reduced cost.
This is a technique that I plan on practicing with Sirius to the T. I will sell off 20% after a double, and wait for a slight pullback and replace those shares. Using the above example, I will sell 20% at 0.28, then buy back once it retraces back to about 0.20-0.23.
i do see the benefit but the risk is missing the timing and not getting a lower buyback point, i might be tempted into doing this with siri cause of the prospect of adding more shares.
This technique is really best used by someone who follows the market on a VERY regular basis (read: hourly) like you do Trip. Someone who follows that closely can see paterns emerge and can see trading start to slow down, indicating a dip is near. If you only look at the price of SIRI once or twic a week (nobody can stay away that long, can they?) then this method is not for you if your plan is long term hold.
When to sell? What a fine question. I bought at $3.20 back when Howard announced he will be going to Sirius. Soon after that, Mel came on board, and the stock skyrocketed to $7+. I held much to the chagrin of my wife who wanted to sell.
My reasoning was that XM was trading at $25 at the time, and I thought there was more to be had. My target was $15. I didn't have a clue about "fundamentals" or anything for that matter, or I may have lowered that target, or sold.
I have since averaged down to $1.67. I continue to consider further averaging down, but have not yet decided to pull the trigger in that Feb 17 is a mere 13 days away. I will wait and see.
I don't ever think we'll see $25. That was not driven by any "fundamentals". To understand the true value of this stock, 2009 will have to be over, and, of course, without Sirius filing. Right now, we are simply betting on Sirius making it through 2009. It's that simple. Whether it is reasonable or not????
If we meet February's debt, the stock will likely rise. I'm guessing it will get over inflated, so that traders can then short it as May approaches. If I were in at $0.14, I would consider selling on the spike, then buying back in late April to play the game again.
Siriusly Long: You said if you were in at 0.14, you would consider selling...
What does that make a difference? If you are sure the price will spike and then drop, you could sell all of your shares as well, and then buy them back in late April. Just because you are taking a loss initially, after you buy back in you will have significantly drecreased your cost average and dramatically increased he number of shares you own.
You recomend the technique to Melted to catch the profit, but would not follow the advice yourself to decrease your losses?
I'm averaged in at $1.67. Should the stock go to $2.00 after February's debt is dealt with, you bet your behind I'm selling. I don't think it will go that high. At $0.14 one can triple your money at $0.52 which may very well be a reasonable price? That was basis of my comment. I don't have a clue what will happen - my crystal ball is as good as anyone else's.Quote:
Originally Posted by Newman
Why sell all your shares with a market order manually, when you can just put in a Trailing stop and possibly take advantage of upward movement while locking in a profit not even having to think about it. Just a thought from a newbie?
i would buy more and hope this bitch goes up. you're buying a stock at "bk" prices, imagine if they do not go bankrupt and make money... that's some return. jmo.
You are missing my point...Quote:
Originally Posted by SiriuslyLong
If you fully expect the stock to double or tripple from current levels, and then retrace down a bit, why wouldn't you sell? I understand you have a much higher cost average. I have no idea how many shares you have. Let us just use 1000 shares at a cost average of 1.67. That means you have a total investment of $1670, but since the stock is at 0.14, your investment is only worth $140.
Let us say that the stock tripples to $0.42 and you sell 20% of your shares (200). You would bring in $84. Now, the stock retraces back down to $0.30, and you put that 84 back into it. Assuming you have a nominal transaction fee ($7), you lost 7 on the sale and 7 on the buy. So you would buy $70 of SIRI at $0.30 for a grand total of 233 shares, netting you an extra 33 shares, and bringing your cost average down to $1.62.
Yes, it only brought your cost average down by 5 cents, but we are also only talking about 1000 shares...