lets hope .40 is like trying to poke a small hole in a sheet of glass with a nail and a hammer...and yes the glass is holding back an ocean...and yes the ocean is GREEN
SIRIUS XM SATELLITE RADIO FORUM
lets hope .40 is like trying to poke a small hole in a sheet of glass with a nail and a hammer...and yes the glass is holding back an ocean...and yes the ocean is GREEN
just to throw this in, dndn seeking fda approval i think 4/17...if and it's a big if approved look for a launch. owned a few shares awhile back when it went from 4 to 17....looking to buy more siri if it stays below .40 tomorrow...good luck to allOriginally Posted by asm610
I think i'll join you all right now if you dont mind with some very special brandy that I just opened! Many more good days to come! Cheers
tnr,just to throw this in, dndn seeking fda approval i think 4/17...if and it's a big if approved look for a launch. owned a few shares awhile back when it went from 4 to 17....looking to buy more siri if it stays below .40 tomorrow...good luck to all
It will probably be under .40 a bit after the opening rise...so line up your trigger finger nice and early.
right back at you!I think i'll join you all right now if you dont mind with some very special brandy that I just opened! Many more good days to come! Cheers
My Four long term stocks WERE SIRI (1.79) AIG(1.55) ,and GM (8.36), And WFC(8.41).
Yea....that's were.... as in kick me....HARD!
I set my trailing loss too low for WFC and took a 15% profit. I guess as mistakes go, that wasn't bad.
I went with advise given to me upon entering the stocks:
1) Set your PROFIT goals
Be realistic with your numbers compare against competitors, take
the economy into consideration. New Innovations on horizon. Mergers
& Aquisitions and are Debts going away?
2) Set Your Loss limits (What can you AFFORD to loose?)
Be realistic again with this number. If you want to ride it to the
bottom like the Titanic, remember it took 100 year for parts of it to
surface again. If you can afford this risk, the rewards are outstanding.
(Plus you never know, you may be bit players in a movie...LOL)
3) Set your time limits.
The time limits you invest have the biggest impact on the return,
Patience pays off!! Remember that Pops come in ups and downs.
After answering the first two questions. Short, Long, or
undetermined Time periods should be set. Set an HARD time frame
for your re-evaluation of the Stock. Has your requirements been met
for Debt, Product, or Service.
4) Look back but Never regret
Every Stock market transactions is an education. Making a decision
is NEVER wrong the first time! Repeatedly Buying High and Selling Low
is making someone rich, but not you. Learning from your mistakes is
fantastic, learning from other peoples mistakes is preferred.
With the market the way it is today rule number 1 is almost impossible to determine! But, I broke the number 2 rule with WFC a couple of weeks ago. Seeing WFC at 16.97 in after hours today....AAAAGH.....well that will tech me to loosen my trailing loss to maintain profit. My gut reaction was to sit and ride out the storm for about ten months to a year before setting the limits. I was influenced by a friend at work, to set a limit to capture the profit.
My next purchase target is to see if the Government will LOAN more money to GM. I made a partial buy, way too early. I will bring my average down to half of where it is right now, and then sit on the stock for about a year. Looking at dealership lots now versus three months ago shows that recovery is starting. This recovery will also translate into a new batch of SIRUS Subscribers for the new Vehicles. I found That the domestic sales numbers were encouraging and support the street view of vehicles in the Dealrship lots!!
If you're on the level bro..Nice. That's how you do it. $200K-ish profit. Although, have to say, why dump now with those kind of gains underneath you. You could have walked away with $450K when the thing hit .72 (very soon). Nice payday as is, but IMVHO you hit the wrong button today my friend. Or you at least leave half in....So there was about 1.6M V in Pre today. That means half of it was you. So, no way did you get the whole tranche at .42, since .42 was an ask price...if that was your sell that drove the price down to .38, you had to be diluted down from .41 tops. So what your average was about .385? and thanks for killing the SP this morning LOL...
Yeah, we'll see that the L3 Q has to offer....
it's lined up. bought more today at .40 and .3805, ran out of cash till tomorrow.
Booie,
I foolishly bailed at a loss on GM. I bought F at rock bottom and am up on that but not by much. They have been lumped in with everyone else even though they were better prepared to weather the storm and saw it coming somewhat! I may pick up some GM soon if I can scrape together some scratch, but they still need to do alot of fixing!
31% in AH.... I think this one is on a rise. just set your goals & time limits. Don't forget that this one is govenment backed.
