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At the risk of being beaten and battered buy the list I am finally getting to a place with Sirius XM that challenges my stock market savvy and wisdom. “To go short term or stay the course”. I’m looking at a 95% and 97% loss and have held since 3/10/2008 and 5/31/2006 with total holding of 15,000 shares. I’ve mentally written off Sirius XM. If I start selling and buying I feel I could regain a few bucks.
No need to say, but (disgusted with Sirius)
I feel your pain. I was in for the long run as well and I am holding 33,580 at 1.46 average. Mostly because of my Xm holdings from the pre merger levels. I have averaged down over the last few months and I know I could easily rasie my position but as of late I have lost faith. However I will not sell my position, It's all or nothing at this point. I just don't have the energy to trade any position. It looks like buy and hold may be dead in the water for a while.
I would suggest to both of you to take back control of your position, and average down here accordingly. Maybe wait to see if .11 holds, but thats it. Your not doing yourself any good holding such a high buy in with so few shares. Buying just 10000 shares at .12 cents puts you way under $1, a chance to break even for sure. Were you are now, it might not happen before the ineviatable R/S. Give yourself both a chance. Limited risk at these levels. You can put in a small percentage of what youve already lost right at the source of the problem(sp is low, its hurts, so buy here and average down huge.)
I was over 2.34 average. After selling out, rebuying back etc... I need just .84 cents to be even now. I have a fighting chance at those levels. I see fair value 1.50 for this stock(once 09 debt removed, etc...)
I completely agree but It's either pay uncle sam or buy more and average down. I would much rather average down but what good would it do me if I had to pay interest and penalties to my favorite gov. entity.
Fair Tax supporters unite!!
Relmor is correct. I averaged down twice this year and have my average down to 0.2365/share and am content to hold with that.
I just purchased 40000 shares at .14 and I'm now down to an ownership of 1.16 a share. Time will tell if this is a good decision or I just pissed another 5600. down the drain.:confused:
god it makesme cringe when i hear people who have over a dollar avg, man they have been so ass raped and it should of never got this low if the ****ing goverment could of handled the merger properly, plenty of reasons to be angry at our ****ed up goverment, i would get rid of all the congress and start over, they suck so fkin bad.
I'd be insane if I were in the position some of you are in - and I am hugely sympathetic for anyone averaged over a buck with SIRI. I was lucky with SIRI in that I didn't buy in til late in the game. I'm sitting at just 10K shares at .13 right now. I wish you guys the best as things go forward. Hopefully your patience will end up paying off with a vengeance... who knows...
Tripps?? can you do me a favor - it appears yahoo is blocking me again - thanks to islands over on their boards... could you pls let the longs over there know I wish them the best. I am at a loss now - two days running and I was only able to get in til around the time the anouncement came. (then strangely - all the bashers entered the board and I was evicted.)
I need to read up on the R/S scenario - since that seems to be my next concern - don't we already have a thread ongoing for that?
I used to buy a stock and only look at it when I got my statements. That was untill after Siri started dropping like a rock. Now I watch this damn thing everyday. But sooner or later I'll be back to just looking at statements. Buy and Hold will be back eventually.
Hi, Buy and hold will not be back till Dow is over 10k again. You need to trade. you can buy and sell same stock 3 times in 5 trading days. Nothing wrong with selling when up and buying when low. No stock goes up up up protect your money. Pay attention. learn whats going on. Don't be a piece of driftwood.
Excellant advice Mogami. I am buying as many shares as I can at these levels, for my sons as well as for my wife and I. Even after the R/S we will be fine. The only time I got fooled was when I purchased 55,000 shares for my wife, after the merger got approved at a price of around $1.45 ( with commission thrown in) I've been buying at these low levels and am buying again on a weekly basis, increasing my holdings on average by 40,000 shares weekly.
As I said in prior posts I feel that any investor who wants to buy Sirius today must give this stock at least 60 months at the minium, the only exception would be day traders, like Rel or Cos or SL62, these guys are on top of this stock and are looking to trade everyday. I don't have that luxury, my work keeps me busy and I barely have time to read your posts.
I know this however, I love this company and I believe in the product, and it has amazing potential going forward.
I know its hard for the really long term investors, I got in early too, long before Howard even signed on or before Mel,but I aggressively traded the stock to make a lot of money, but I truly believe that anyone who has a high share price should and must get in at these price levels. Have faith and keep your shares and above all, stay on this website, Rel and Cos and Mogami and SL62 are truly the best there is.
now that we have a new home and when things get a little better I wish we could all get together, maybe we could all meet in Chicago or any other city with a major airport and have a sirius get together, to toast our good fortune if only because we can spend some time together.
Very good advice! Hard times require hard ways. Those who wish to survive must learn to addapt to the ever changing new ways. Some times you will eat the bear, sometimes the bear will eat you. But you will not survive if you loose focus.:)Quote:
Originally Posted by mogami
Have been averaging down since Oct. Now down from about 2.30 to .57 with 88k shares. My only chance to be made whole again was to begin averaging down aggressively. Presently, with earnings right around the corner and March 11th with family plan/premium internet...Too risky to risk being out waiting to buy back in. Relmor/Cos/john and others have posted many times to break up your position into 4th's or alittle more and buy and sell without putting in new money on 2-3 cent pops. New money is risky, good money after bad, but has huge upside potential if you have the time to wait.IMHO
Planning 1 more buy of 14K shares to get avergae to .50...then pray for Mel to do his magic that he keeps promising us!
After CC on the 17th, may begin playing the pops with about 25% of holdings to try and cont to avg down.
Good luck to all
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Originally Posted by mogami
Yes, you are right.
On that same vein of thought, I am trying to figure out what the NEW normaL will be upon recovery.
Financials lead the market before in terms of CAP, and that won't be the case in the future. Banks will not achieve anything close to the profits and growth they once had. Another sector will attain leadership and I think it will be retail. They seem to be establishing leadership now. They are the few who hung on, and they are the leaders in terms of multiples today on the DOW.
On the NASDQ, it will be tech as usual. Since the NAS is Tech....LOL
A 10K dow is about all we can hope for, in the mid term going out from the end of this decade through the middle of the next, I believe.