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I think it would be interesting to hear everyone's reasons for
investing in Sirius. When and how did you first hear about the
stock. When did you invest in Sirius? Do you subscribe to Sat radio?
And if you were able to make changes in the company, what would they
be?
Hopefully this topic hasn't been covered before, but I have a good
excuse if it has, I'm new here. ;)
Let's talk.
Julie
I got into the market at the end of october, ive been listening to stern forever so of course i have become a huge sirius fan and i know the kind of following satrad has. So that was enough for me to pull the trigger from .33 cents all the way down to .11 I could never ever picture them actually going bk so that made me pretty confident, although probably falsely confident :O Not much i would change except for paying less for shitty talent, although i think they should make a push for carrolla.
I had always wanted to be active in the stock market, and today's technology has made that very easy to do. After following the markets for a few years, I decided to jump in as the markets slid down, down, down last fall and winter.
Once I saw the price of SIRI in the 0.15 range, I knew I would be buying it. My family has had Sirius/XM subscriptions for years, and I knew of the unique content and delivery. I also knew it was, in effect, a monopoly of sorts. And that it could *probably* weather the economic downturn, one way or another (thank you, John Malone).
Bought 5,000 shares at 0.15-0.16 and have enjoyed the ride ever since.
I became a Sirius subscriber just a week ago, after buying and installing the factory optional tuner from BMW (it includes one year of Sirius Everything as part of the purchase price of roughly $380).
Now, I'm committed to remaining an investor and letting the share price do what it will over the long haul. Once my transfer over to TD Ameritrade kicks in (still waiting), I will probably dabble in adding some to my initial position, and trade on the ups and downs using the free trades that TD Ameritrade offers.
Otherwise...I am up 65% overall in my portfolio since buying my first stocks in early January. It's been a great investment overall, and a wonderful education in the stock markets and publicly-traded companies.
I have -and continue to- learned a lot.
I tend to invest in the products I own and love. In this case I have a sirius sub, and love it/ cant do without, so I invested in sirius...
Hi Julietoo,Got into SiriusXM back in august because of the value of a monopoly and Metrics of the bussiness model looked promising.was an XM suscriber through GM car bought 2 years ago and looked at both companies 5 yrs. ago but didn't like that both were losing money still.I always look for Value companies that are cheap and buy in for 1-3 yrs.to make a nice profit..
Till it hits .80 cents, I rue the day I ever heard of this company. :)
Brother had the product and recommended the stock.
At first I didn't really believe in the product because they didn't have a portable unit and it just didn't seem feasible, desirable or necessary to pay for radio. But...he's my brother and he was blown away by the product in its current state (i think he was in the first 600,000 subscribers)
I invested first at $6 even though I thought XM had a better "look", then stern moved, Clear Channel started making terra radio "terra-ble", the stilleto came out, backseat tv was being talked about, sub numbers were increasing rapidly....so i kept buying any chance i had...
Then the market plummeted but I was fooled by the merger thinking it was too obvious that it couldn't go lower....but I did sell a bunch of siri and buy XM (which worked out well at least).
Then buy more, more and more...thank you siri for BK news because now Im averaged to take advantage of what is next....POWERHOUSE!
Oh yeah, finally became a subscriber in March...and...yes...it is addicting...and is not going away...
Good Morning Rel,Quote:
Originally Posted by relmor2003
Oh you know you love this stock! :D What other stock offers the
thrills that Sirius offers and on a daily basis. Just think how boring
our lives would be without the daily roller coaster ride. We don't do
drugs, we do Sirius.
I started this post and failed to mention my reasons for buying Sirius.
Purely emotional reasoning. A few years back I started hearing about
SatRadio. So I read up on it, thought what a great product. At that
time there was talk of a possible merger with XM. So then I thought
Hmmmm, monopoly, even better.
At that point I had an IRA and was able to purchase several thousand
shares. I went through the painful 18 months of the merger talks,
reading daily, yes they would merge, no they wouldn't merge.
Talk about roller coaster! Unlike any other stock I have owned,
this one fascinates me, for what reason I don't know.
The last big purchase I made of Sirius was at .09
My question of what I would do for the company if I could change
something, would be Marketing. This area they are sorely lacking.
There are numerious areas they need to focus on to bring attention
to their product. Intially the cost would be high but the rewards
would be great. They need to convey to people this is a product
they can't be without. Hopefully with the next holiday season, this
will be on top of everyones list.
I failed to mention I subscribe to Sirius and will not go back to regular radio.
I am a one woman marketing team. Every chance I get I promote Sirius.
You can imagine how much fun I am at parties. :D
Came over to Sirius with the Stern crew, had been interested in the satrad previously but the stern move was just the push i needed. I have had some aggravations with the service in the beginning, but stuck with it. Started buying the stock(small amounts) around the same time. Then bought more and more as the merger drew closer....never lost faith. Endured ridicule from nonbelievers, hopefully we'll all be laughing at them soon!
3 subs, sportster replay(car) stiletto 2 (home dock) replay(basement bar)
17,000 shares @ .39
correction.... I went back through my td statements and figured it out, I started buying siri in very small blocks in October '04. I accumulated 24,500 shares and to date I've sold few times(regrettably) I'm currently at 12k @ .65
ps. I wish I would have found this site earlier, I would have bought way more at the sub .10 timeframe. I'm still doing pretty good and appreciate all the wise investors on this site.
Here in the good ole midwest town/city of Cincinnati, way back in the day, we had a few decent commercial radio stations. I'm going back to the 80's where we had only a handful, in my opinion, of "I-wanna-listen-to-the-radio!!" stations. Some of the readers here familiar to Cincinnati radio, may remember the old 96Rock (Eddie Fingers and Charlie Bender, of the Bender and Fingers morning show). Their show was funny, irreverent and well produced. In addition to their morning show, 96Rock always had a decent rotation of rock music and other listen-able deejays. Unfortunately, 96Rock was fairly stiff competition to one of the other locally owned radio stations, WEBN, who was owned by Jacor Communications at the time. To my greatest dismay and profound sadness (in radio-land, of course), Jacor hired Eddie Fingers (I believe Doug Johnson was his real name) away to work at WEBN (with Robin Wood in the mornings). Their show was decent, but never as good as the 96Rock show. Jacor had bought 96Rock turning it into a country music station. I felt like I lost something important, like a friend with whom I was very comfortable. I remember the day very vividly when my favorite radio station ceased to exist. This stands as the tipping point of resentment towards corporate/commercial radio.
Clear Channel Communications later came in the mid 1990's and purchased some, if not all, of the Jacor Communication stations (I believe they could own 4 AM and 4 FM stations per city per FCC regs at that time). Clear Channel chose the "best" stations in the city. (Best being a relative term). I don't think I need to tell anyone on this site how aaawful Clear Channel made our local radio. (Same thing, annoying deejays, too many commercials, very very limited exposure to any music other than Top-20).
My resentment toward corporate/commercial radio evolved to the point I'd listen to NPR and public radio, make my on CD's and anything other than resorting to listening to their despicable, crappy product/service.
So, when I read about satellite radio in the late 90's and early 2000's, you can't imagine the enthusiasm had filled me. The entire satellite concept is what brought me to become a subscriber.
Eventually I was so sold on the service that I became a shareholder, much to my consternation.
I very much enjoy the community of radio enthusiasts whom all have their own individual reasons for seeking out satellite radio but, are here for common cause of making it the best for the entire country, if not world.
i've always been a fan of howard since i was a wee lad growing up in boston.
sirius was a must have come the christmas before stern came over. i've been a sub since then.
when i heard about the bk scares this past december, i knew they weren't going to go under. they had just completed an long drawn out much needed merger and were working towards getting everyone on the same page. so i grabbed a couple grand worth at .13
fast forward to feb of this year, i wake up and check my portfolio and siri is at .06 and i'm wondering wtf is going on. i do some DD and come to find out that Malone is going to most likely give them a bridge loan or i'm losing everything....so i backed up the truck right before the longest weekend ever(presidents day). i still kick myself in the ass for not selling on that following tuesday but whatever, it definitely came back over .22 :)
i'm still holding my main position at .13 but i've been playing around big time with the second position. the second one is surprisingly still avg'd at .26 but i've made a shitload of moves over the past month. too many actually.
this thing is 10x harder to guess than it seems. i swear it's only me and MM's sometimes....but that's a whole different thread.
abridged version: i believed in the company.
Julie, Julie, Julie.......
My Siri Story...
I bought into this stock when I was 22. Prior to that I was an avid roulette player and quite good or "lucky" at it. However I soon began to realize that the odds would always be against me and I was going to lose at some point. So I took my winnings and opened up an investment account!
Embarrassing as it is I got into this stock at 3.02 because of cramer pumping the stock as a lottery ticket poised for $5 post merger. Anyway we all know the bumpy ride in between. Once the stock plummeted down to the .22 - .10 I started buying hard. Increasing my position from 1280 shares at 3.02 to 100,000 shares at .16...
I also believe in the business model, Mel, and the product as a whole. Sat Rad as of today, most people think is crazy to pay for... People thought the same about cable, now people are paying between $40 - $140 a month. It is just a matter of time until sat rad becomes mandatory!
Now for the gambling side of me, I figured this stock to be what I have been looking for. A penny stock that would allow me to buy a substantial amount of shares and afford me large gains. I believed the risk/reward was worth it so I began to use cash advances on my visa lol and am now up over 119%!!! Foolish I know but hey it paid off! Also the poor Canadian dollar helps out a lot too :D!
Now this Canadian boy with a US address is still trying to figure out a way to get Sirius XM....... The search continues!
Dear Hopefull,Quote:
Originally Posted by Hopeful
Unbelievable you had the vision to invest in stock at the age of 22! When
I was 22 my biggest concern was what I would wear that day.
I agree with you about SatRadio becoming mandatory. People resisted
cable until they got it, now I can't imagine being without it.
I thought of getting cash advances on my Visa, when it went down to
.06, I was frustrated I had nothing extra to buy shares. I came sooo
close to buying more but I just couldn't do it. I promised myself I
wouldn't use my card this year, so I resisted. It was hard!! But I did
buy a lot at .09 so that was good. What is it about this stock that is
so addicting? Thanks for your story. Amazing. :)
Julie