how many shares do you own?

Around 23,000 shares at .68 and averaging down little by little. To me, this is play money and nothing I will (knock on wood) need in the next 5 years. I max out my 401k, I have other investments and some cash. I agree with almost everyone's opinion on here, in one way or another.......its a big risk reward no doubt about it.

Guess I'm trying to say- I'm not spending more than I can afford on this stock, I hate the price it's at, but I believe in it's 2010 > future and I'm going to keep picking up little bits as I can......then smile at the returns someday down the line.

I love a good gamble, especially when the odds are in my long term favor.
-Whynot

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Originally Posted by Whynot

Around 23,000 shares at .68 and averaging down little by little. To me, this is play money and nothing I will (knock on wood) need in the next 5 years. I max out my 401k, I have other investments and some cash. I agree with almost everyone's opinion on here, in one way or another.......its a big risk reward no doubt about it.

Guess I'm trying to say- I'm not spending more than I can afford on this stock, I hate the price it's at, but I believe in it's 2010 > future and I'm going to keep picking up little bits as I can......then smile at the returns someday down the line.

I love a good gamble, especially when the odds are in my long term favor.
-Whynot

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Good, at least you acknowledge you are gambling and you know you can loose it all.

I do have a question though, how did you calculate the odds for SIRI in the long term ?

Did you use the S&P 500 historic rate of returns ? or NASDAQ's composite ? How do you know the odds are in your favor ? This is killing me, you figured out and I could not, damn !

Please let me know. Thanks.

115,000 @ $2.56. Looks like I win the asshole award.

No, you dont win the asshole award. We gambled....we lost. But hey, maybe not. I've still got a little hope. Siriusowner, not looking for lectures or even sympathy. Knew the risks. At the time, thought the risk was low. Then kept buying on the way down. Stupid and greedy on my part but blame no one but myself. Not Mel, Cramer, or even G.S. Good lesson learned. Luckily still fairly young. I'll survive. Gulp.........

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Originally Posted by SiriusXMInvestor

115,000 @ $2.56. Looks like I win the asshole award.

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lol.

i hope u have a lot of blue chips in that portfolio.

Im a fairly new stock player, i just have 5000 shares at .33. But i have an unrelated question. Im hearing bout people averaging down their prices. I have a general strategy of selling at 10-20% gains. Now if after averaging down im fortunate enough to climb back up the ladder, do i sell the whole lot if the averaged price hits the 10-20% gain range or do i sell off each step in reverse as the stock price rises?

Well I have 350,000 at .75-.76 cents! So I have hope and after todays report, really hopeful!

Hey,

I guess I will share I have 12180 at .54~!

"Siriusowner, this is money I am willing to part with and do not need to live.

~~Long Sirius :thumbup:

First post... Been watching this board for about 8 months. I own 65,000 shares at .68. Being new to investing I thought this stock was a gold mine waiting to be discovered. I gambled my down payment on a house. So instead of a house I will live in an apartment until this stock bounces or I work another two or three years and recoup my losses. I get the asshole award. LOL

man dont worry bout what you lost, if you got in under a dollar i think youll be up within a year. if you bought round the 2 dollar range it might take alot longer, but remember why you bought this stock, cause all those facts are still in place, you will make money just be patient, i have alot of faith in
sirius and its long term perspective.