it's whiskey in the coffeeOriginally Posted by PILLFREAK
am i the only one up with my oj and vodka
SIRIUS XM SATELLITE RADIO FORUM
it's whiskey in the coffeeam i the only one up with my oj and vodka
Hi, Beer here with my eggs. Last week was mixed for me. I never worry about SIRI but I bought another stock that went up 50 percent and a third that went down 50 percent.
Began the switch from ING (I hate them) to TDA can't wait till I close my Sharebuilder account but I need that 3rd stock to recover so I can sell and move the funds to TDA. Then I can sell the SIRI at ING and rebuy at TDA.
I have been sitting on the sidelines to this forum for quite some time now and I just had to throw in my two cents worth . I know many people are invested in this equity to trade it daily on the peaks and valleys and some will be ready to bail as soon as they can recover their original investment from being in the hole. Fortunately I was able to get in near the bottom and am already in the profit zone. My point is , I invested in this company with money I had in a money market account which we all know the rates have tanked in the past months , so I just decided to take that money and invest it myself. I have tried to explain to others what a great upside potential this stock has in the long and sometimes short term for those who want to make a quick buck . I have found that many people are simply not willing to risk putting any money in the stock market and are content with their weak APR they draw on a money market or saving account. I have a work associate who is in for the longterm like me but still Freaks out every time the is a price drops. I have to keep reminding him not to worry about the peaks and valleys and keep sight on what the long term potential is. It is simply MUCH better than having your money sitting in a savings account somewhere . Maybe I am stupid for having this philosophy but I believe in a year the return can be tremendous . So I just consider this to be my " Sirius Savings Account "
Watch the dollar index. You will be happy to be in anything other than dollars when it breaks 80 again. Remember..... Eventually fundamentals always come back into play, in any investment class. The market can stay irrational longer than you can stay liquid is the saying, so make you you never margin, and hold only good companies with highly supressed P/E ratios right now. You can literally find companies that make moeny right now trading under a 1 P/E ratio, which should be unheard of. As the dollar index goes lower and lower, you will notice what happens to all dollar backed asset classes. As Sirius doesnt make money yet, and is heavily shorted, you might find better long term stocks that are safier, but you may miss out on huge gains in SiriusXM as well. Still need to treat Sirius for what it is, a spec stock with massive possible movements in the SP left.
ahhh..breakfast of champions I see this morning
Just saw Tylers article on MT was actually spun with a positive headline over at SA...
Sirius XM Wins Confidence on Bankruptcy Threat Removal - Miller Tabak
by Tyler Savery
Just like dog will hunt...so too, pigs will fly..apparently LOL
>>Still need to treat Sirius for what it is, a spec stock with massive possible movements in the SP left.<<
This should NEVER be lost on anyone...(at least for the next few years)
ahhh..breakfast of champions I see this morning
Just saw Tylers article on MT was actually spun with a positive headline over at SA...
Sirius XM Wins Confidence on Bankruptcy Threat Removal - Miller Tabak
by Tyler Savery
Just like dog will hunt...so too, pigs will fly..apparently LOL
Henry II: The day those stout hearts band together is the day that pigs get wings.
Eleanor: There'll be pork in the treetops come morning.
-The Lion in Winter -
Thank you for the advice , I have in the past invested in other companys but decided to stick it out with this one for the long term. I have been through the BK scare with you all and have 80k at .19 so I believe at this point it should be all downhill for me . Maybe I am wrong but as you said , I plan on being here for the possible " huge gains "
Hi, Your doing good but if you have the time to watch the stock and trade the ups and downs last week your 80k shares could have turned into 130k shares. The down turn was predicted on this board and I used it to increase my position. Don't worry if your avg of .19 turns to .25
I understand most people cannot spend from 0800 to 1900 watching the market (if you can trade in extended hours)
I will probably try to increase my share count like you say with a portion of my shares keeping a core position always for the long haul. It is obvious for every big increase in the stock price there will probably be a takedown afterwards which will be a great oppurtunity to add more shares .
The point to my first post was mainly to say I have been trying to get others to consider investing in this stock with it's great upside potential but many are to scared to risk putting money in the stock market . Hopefully in a few months I can tell them " I told you so " haha .
