Can Anybody Help Here?

I'm finding myself feeling, well, I guess frustrated beyond all realm of reality today.

I mean I (speaking for MYSELF) sit here with all my investment money tied up in a stock (HUGE mistake) that I though had great short term potential. Three months later I'm still not at the break even point. SIRI has not gone bk. AIG has been in the thick of this financial mess and the stock shoots uo to over $19.00 per share overnight? I give up. I'm desperately trying to find a reson not to pull out and take a small loss (which I vowed to myself never to do). In my life though that's how things seem to work. If I stay in, we all might see the market throw us a bone evry once in a while to the tune of a few cent gain every now and then and perhaps in a few years I could make what "my" other stocks that I watch do in a week. Whoopie. If I get out, something will cause SIRI to do what AIG has done and it will shoot up 100 fold. I can hear it now, "Well then get out now so we can make some money!"

Sorry for my rant. I know, "That's the market. Learn how to live with it or get out." or "You obviously don't have a head for this so I would just take my loss and run".

I guess I'm looking for more than that though, being a newbie. Any wisdom other than flaming? Guess the way I'm feeling flaming wouldn't make me feel any less of a loser.

Thanks to anyone, if anyone, who replies. I just don't get it.

I'm not a sophisticated investor by any stretch of the imagination...but my simple advise is to be patient if you believe in a stock. Opportunities will present themselves (like SIRI dropping to $.05). Rarely will you find overnight success on a stock because it is too hard to predict without having insider information IMHO.

If you have held any of your siri stock for more than a year, sell that and keep some inthe game, you can write off the loss on your taxes this year and play with that money.

One thing I learned here is have a "core" amount of siri shares. I set mine at 10,000 shares. Yet, since it has done nothing like you said, I have added over 2500 more shares. I also had sold 500 shares to get some money to play the sub pennies and made over 200% on that money, then rebought siri to get back to a full position.

Sell some, leave some in. Play with that money. If you make money, buy back siri if it still hasn't moved.

Thanks guys.

I guess it's like I read here once. If you keep looking at the money you COULD have made on other stock moves, you'll NEVER be happy. I just have to keep reminding myself of that.

Also, as a side note, I'm not a big investor by any stretch of the imagination. I work two jobs with 60 hour work weeks. Every week. I went into the market wanting to be an "active" trader. You know, if I manged to make a few hundred a month honestly, I'd be happy. And I figured if I had to hold long on a stock I would but I guess my idea of "long" isn't what others would consider "long", particularly wanting to be an active trader.

SIRI is the first stock I have ever invested in.

Thanks again.

no matter how much you invest, if its a lot to you, thats what matters. If $50 is a risk to you, then making $50 should be a nice return.

If you don't have alot invested in siri, Try ignoring siri and adding 1/4 of that amount in cash and buying another stock.

Trust me, no matter what you do, hindsight is always 20/20.

I could have made $$ on this and that is hindsight. Try picking a sure winner today! :D

I also own AIG I am pretty sure (according to my share count) that the stock did a R/S. Can anybody with a little more stock knowledge confirm this? Thanks.

I would think so but I tell ya, I'd pay $100.00 to be in your shoes today. Damnit.

aig did a 1:20 reverse split

I also got tired of watching paint dry (aka SIRI shares) lately. So what I did was (as has been suggested by others) I sold off about 1/3 of my SIRI shares, took that money and put it in some other stocks.

Those other stocks went up a little, so I took the profit and put that in other shares.

So, my advice to you is to sell some SIRI shares (even at a loss you are comfortable with) and put that money in play elsewhere. Voila', your level of frustration is now 1/2 what it was with only one stock (now that you have two stocks).

As a general rule and I am not talking about any specific stock. If you think you can get a better return on another stock, it is ok to pull your money out of another stock at a loss. You can't let the thought of taking a loss hold you back from something you believe will give you a better return than the current stock you are holding at a loss.

you sound like me a few years ago... except i lost the majority of my portfolio in SIRI & XMSR calls (expired worthless). the next year, 2006 i started over, and this time i started buying "solid" companies, most that payed dividends. companies like intel, ge, goog, mmm and more. and after i had a nice portfolio i started playing options again (and added to my siri position). in 2007 i made a killing in options, basically erasing any losses i had in stocks, ever.

fastforward to 2009, i've added lots of shares to my siri position, as well as others. and if siri goes bk, it'll hurt, but i'll still be up and i wont care as much because i have safer stocks. so i guess what i'm saying is buy some safe stocks and don't throw all your cash into one thing again.