how many shares do you own?

[sdtouareg]

I have been watching the stock for 2 years and always had an excuse for not purchasing for my Son's birth, put $300 in an account at Schwab for him. Well am I ever glad I waited!!! Just bought in today 3300 @ .12 will hold forever, hopefully that is at least 21 years....

Whom around this board has any forcasting abilities for the next year??

[hoping2rise]

Now averaged down to 18000 @ $1.50

BK will BK me.. Someone please tell me it won't happen

[trippingthespeculatingpos]

all i can say is the percentages are on your side when it comes to bk, id qworry more about the r/s because its gonna be hard to get this price up with all the dilution.

[hoping2rise]

Thanks Trip..

At this point, I've written off my investment in SIRI. I'll be a happy man if SIRI can get to $1 in a year, even 0.50 will be a consolation if it stays alive.
Do you think it is a good idea to keep averaging down? I can easily put in
a few hundred more.. but like everyone else, would hate to lose more good money after bad money..

[trippingthespeculatingpos]

thats a tough decision to make, it depends on ur situation, if u feel secure financially right now go for it, if not you would be better off saving your money. make sure you figure out how much your going to lower your pps before you do anything cause to me its not worth it to go from 1.50 to 1.20, but thats my opinion i really cant tell you whats best to do with your own money gl though

[Siriusowner]

Thanks Trip..

At this point, I've written off my investment in SIRI. I'll be a happy man if SIRI can get to $1 in a year, even 0.50 will be a consolation if it stays alive.
Do you think it is a good idea to keep averaging down? I can easily put in
a few hundred more.. but like everyone else, would hate to lose more good money after bad money..

Don't throw good money after bad. The good thing about this economy is that If you have extra cash the best thing to do is to spend it !!!

I've been drinking all week and I do not give a damn ! I probably spent $1000 this week so far... drinking, gambling (in Hobbs NM) and... I'll let your imagination figure the 3rd thing I've been doing.... I am on my way out... see ya !!!

[SiriuslyLong]

New guy here. Been reading the forum for months since I asked google why is Sirius stock so low, and found out the reason.

Anyway, I'm in with 41,000 averaged at $1.67. I bought in 2005 prior to Howard coming on and could have sold at $7 after Mel was hired, but held on because XM was trading well higher at the time. I recently bought to bring down the average. At $0.14 who gives a crap if you lose an additional $2800 when you've already lost $60,000. Heck, maybe I'll buy some more at $0.11.

[trippingthespeculatingpos]

welcome to the forum siriuslylong

[Siriusowner]

New guy here. Been reading the forum for months since I asked google why is Sirius stock so low, and found out the reason.

Anyway, I'm in with 41,000 averaged at $1.67. I bought in 2005 prior to Howard coming on and could have sold at $7 after Mel was hired, but held on because XM was trading well higher at the time. I recently bought to bring down the average. At $0.14 who gives a crap if you lose an additional $2800 when you've already lost $60,000. Heck, maybe I'll buy some more at $0.11.

You are killing us man. Well, did google respond ? What was the reason ???

I never thought of asking a search engine...

[SiriuslyLong]

You are killing us man. Well, did google respond ? What was the reason ???

I never thought of asking a search engine...

DEBT. I knew nothing of it prior to the stock tanking. I suppose when they planned to merge, they didn't foresee the collapse of the financial sector, so financing wasn't on the front burner. Not a lot of people did. Peter Schiff did, but I caught on to him too late too.

Google was how I found this place as well as seeking alpha. Between the various articles, l learned that the stock was being shorted because the street had no faith in Sirius refinancing their debt. Interestingly enough, I saw one citation noting that short selling is statistically significant in predicting the fate of the company - in other words, it's getting shorted for a real reason.

I like this message board. There are some "lively" exchanges.