mudslinger

Georgetown Partners' Latest Radio Proposal Raises Many Questions

shure46....Your 11:52 post shows a dangerous lack of awareness on your part (dangerous to you). And before I go into detail, note that I am also long both siri and xm. While your position MIGHT be true with respect to well-diversified investments in the broad equity markets over a long time horizon, it is certainly NOT TRUE with respect to ANY individual stock over ANY time horizon, much less an investment in these speculative companies. There is a very real possibility that these stocks may never recover their past market caps. Bankruptcy (and therefore a $0 value) is a real possibility (see Bear Stearns, although it was actually bought out on the cheap to prevent bankruptcy)....another possibility is that their stock prices stay roughly where they are now for years...in that case while you "think" you would be avoiding making your loss real your brokerage statement will show you the "real" value of your investments; further, you will probably miss many other/better investment opportunities while you wait which costs you even more money.

Bottom line: The price of a stock when you are considering buying it IS important. Buying too high will hurt you just as much as selling too low. And further, when evaluating the merits of a stock you currently hold, the price that you bought it is IRRELEVANT (except for tax considerations). Either you believe the stock has a high probability of appreciation (and a good risk/reward ratio) or you don't...the price you paid for that stock has NO BEARING on that analysis.

Sorry to be negative, but I think accepting these facts will help you in the long run.

Now...let's get back to waiting on the FCC...I'm sure the vote will come any minute now....yeah right.