how many shares do you own?

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Originally Posted by eric

Yeah Siriusowner......put all my eggs in one basket when merger news announced. Guaranteed to go up big right?? Big gamble....in a week, I may have totally wiped out 11 years of plowing away into my 401k. Thats why I lose sleep at night. Oh well.....what can you do now but wait! Still buying every couple weeks. Just bought another 4000 this morning. Decided I'm going down big or going to have a great retirment. Not so sure about the latter anymore! Later.......

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Eric, Eric, Eric...

Everybody loves a bargain. Something that can be bought cheaply is rightly or wrongly often perceived to be a bargain. Also, many people love betting on a long shot; the idea of making a small bet on a long shot for the possibility of a big payoff is simply...an exhilarating prospect for a lot of people - especially Sirius shareholders I presume - .

Unfortunately, while this approach to speculation may generate a lot of excitment while the play is being made, in most cases -wether horses, backjack, options or stocks- it invariably leads to losses in the long run.

If your primary purpose for speculating truly is to make money, then you must go out of your way to avoid this "lottery syndrome" and should generally avoid long-shot bets.

There, I said it... vaya con dios amigo.

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Originally Posted by trippingthespeculatingpos

im not a fat cat like u guys but i bought another 1000 today

4313 at 0.214

damn i wish i had more money hahaha

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Hopefully not to buy more Sirius stock right now...

Not everything that seems to be a bargain actually is one. The danger in buying something simply because of its low price is all too often "you get what you pay for".

well i have money in safer places, i just happen to think sirius is worth a hell of a lot more than its current price, i happen to be a gigantic fan of sirius as well so im a bit biased. The only thing i have thats considered cheap are companies i think can make it, i could be wrong of course, my only other cheap stock is lvlt, ive seen there infrastructure throughout the us and that is going to pay off big someday, i dont see how it couldn't. same thing with sirius, i just cant see them ever going away, yet i could be wrong :o i just cant see the downside in buying a fantastic company for so damn cheap, just gotta be sure its a fantastic company.

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Originally Posted by howzzat

55000 at an average of approx 2.20.

Eric: I feel your pain. If its any solace, there are others on this board in the same boat.

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You all work very hard to earn money I suppose. You all study hard to learn how to earn that money, right ? WHY, why, why, why then, do you all risk it all in a casino type of deal (SIRI is a highly speculative and risky stock) ? Especially the 401 K's ??? 401K's are not to be touched if you do not know what you are doing !!!

You all know math, right ? Have you all heard about probability and statistics ?... Let me ask you this then, what are the chances of SIRI ever making it back to $2.20 in the next, lets say, 3 to 4 months ? (that is how fast it went down from around $2.20 to just .20). When you loose in Wall Street, you lose not only money but time !!! You may even say: "Well I just not realizing my losses..." and "I will give it 2 to 3 years to turn around" or "this is a long term investment" (I also make that mistake every now and then, I know, is hard to take looses, I know that !! but my looses are small).

In those 2 or 3 years you go back to break even, right, you say "oh well, I did not loose any money, I even beated inflation and the indexes".... Well, in the time that took you to break even, I will make part of my living and be richer than you all from trading stocks (which I do part time to supplement my income)...

vaya usted con dios tambien amigo...

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Originally Posted by trippingthespeculatingpos

well i have money in safer places, i just happen to think sirius is worth a hell of a lot more than its current price, i happen to be a gigantic fan of sirius as well so im a bit biased. The only thing i have thats considered cheap are companies i think can make it, i could be wrong of course, my only other cheap stock is lvlt, ive seen there infrastructure throughout the us and that is going to pay off big someday, i dont see how it couldn't. same thing with sirius, i just cant see them ever going away, yet i could be wrong :o i just cant see the downside in buying a fantastic company for so damn cheap, just gotta be sure its a fantastic company.

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Hopefully you make deeper analysis than what you just posted here.

I guess...another vaya con dios ?

well you must think sirius is going to end badly cause thats the only way i see myself losing money at a 21 cent avg, and by the way i only have 861 bucks on sirius all togethor, so im not risking much, compared to the rest of you, the ones who need to get over a dollar or so to break even. I think the dif between me and you siriusowner is our confidence in sirius, i have no doubt they will recover and be around for a long time meaning a better stock price once they can get through this debt crisis. Im not gambling on sirius, im investing in one of my fav products.

I'm not big time by any means but...

1547 @ $0.68 avg.

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Originally Posted by trippingthespeculatingpos

well you must think sirius is going to end badly cause thats the only way i see myself losing money at a 21 cent avg, and by the way i only have 861 bucks on sirius all togethor, so im not risking much, compared to the rest of you, the ones who need to get over a dollar or so to break even. I think the dif between me and you siriusowner is our confidence in sirius, i have no doubt they will recover and be around for a long time meaning a better stock price once they can get through this debt crisis. Im not gambling on sirius, im investing in one of my fav products.

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Hey trippingthespeculatingpos , You seem to think $800-$1000 is not much, Do you have another $800-$1000 USD to spare, can you lend them to me, please ? I do not have a job and I need the money BUT I am a mechanical engineer graduated from the University of Texas with EXCELLENT FUTURE and I promise you I will pay you with interest, let say 50% APR ? you have my WORD. I did some freelance engineering work this quarter and there are good chances I will land a steady stream of income next year, of course I have to pay some other debts I have and my savings have been diminishing so, that is why I want to ask you again, Do you have another $1000 ?

PS: Do not get surprised if I have to file for BK and I do not pay you back anything, I told you I have debts, diminished work and a shrinking wallet...



On a more serious note: If $800 is all you are risking and you have at least $25K in "play" money, then you are OK. Notice how I used "" for the word play. Play money is money you can afford to loose, NOT the money you will need tomorrow. If you are doing that then you are like your forum name says "speculating" correctly BUT keep in mind, speculating is not the same as investing.

what would be considered investing then? and by your terms im a bad speculator cause i dont have 25,000 in play money. But i know personnaly i can afford to lose that 800, i live way below my means, i rent cheap and i have no debt, lets just say im not so worried about the future as others are. I know ill be alright and i dont need alot of money to be alright. not to mention im young single and no kids, and no plans on kids or marriage. anyway id like to see how you trade on an avg day, bet i can learn alot.

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Originally Posted by trippingthespeculatingpos

what would be considered investing then? and by your terms im a bad speculator cause i dont have 25,000 in play money. But i know personnaly i can afford to lose that 800, i live way below my means, i rent cheap and i have no debt, lets just say im not so worried about the future as others are. I know ill be alright and i dont need alot of money to be alright. not to mention im young single and no kids, and no plans on kids or marriage. anyway id like to see how you trade on an avg day, bet i can learn alot.

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You are not risking much, for you SIRI was an $861 USD lottery ticket BUT let me ask you, what are the odds for you to hit the jackpot ? By when ? At least the lottery publishes those odds and is every month.

First you need to decide what you want to do with your spare money, trade or invest ? trading is similar to playing the lottery or in a casino but not the same. You have to be educated so that you can tip the odds in your favor (like card counting in black jack). Investing will be like saving.

Trading is sexy and exiting, investing is boring.

So, what do you want to do ?