I can not believe I have accumulated 526000 shares of this pipe dream. And I keep buying more. Why?... Because this stock is a fcukn' cash cow! Think about how many hundreds of millions of dollars this stock has generated for buyers and sellers in the past 4 months alone. I would feel completely different if the volume was steadily dwindling, but it is not. This means that this stock is continuing to generate interest among traders and will definitely nudge its way up through the seemingly endless trudgery. Although I do feel the frustration like the rest of you, I am a patient guy; and since I have a day job and don't have time to stare at the ticker, I just roll with it and let it ride. A common expression around my house for a while now has been me enthusiastically proclaiming "Sirius is up again honey" to which my wife replies "Yeah... Until it's not." So down it goes and I just add to my accumulation.
Sirius XM Makes Smart Marketing Move with Howard Stern Offering [View article]
Relax and stop worrying so much. I know how much everyone wants to be a winner and how frustrating this endless ride has been. Sirius will climb again and inevitably drop again. I is obvious to sell when the iphone app is released and buy back when the sp tanks once again. Sirius is no more than a crap shoot. That is a fact. Holding this stock long will probably pay off in the end, but not until your guts are shredded many more times. Frankly, I am no longer even phased by the behavior of this stock.
The good news is that I have 500,000 shares that I averaged to .203. over the last 7 months since I had sold off all my shares and dove back in. Although I would be very happy if the stock hit $1 tomorrow, I believe it is highly unlikely. If it did, it would drop like a rock as everyone, including myself scrambles to unload and thank the gift horse. Sirius is a great stock to hold on to. Even at the current .52, it will fluctuate and keep falling a bit and then rising more just like the dow. Being long, I would rather see a steady climb with a solid base than a greed fueled spike and crash. Patience will pay off immensely. Get caught up in the hype tomorrow and you may get burned.
Auto Sales: Good News on the Horizon? [View article]
A bit of positive information. It appears that lenders are beginning to flow money into corporations again. Check out Monaco Coach (MNC). Here's the news header:
Monaco Coach Gets $129.3M In New Debt Financing MNCLast update: 11/5/2008 6:19:37 AM (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)November 05, 2008 06:19 ET (11:19 GMT)
This is an example of a distressed company that has been down 50% and struggling. Yet they have acquired a substantial amount of financing. I believe it may be time for me to get back in to sirius stock. I am going to hunt around an see what other distressed companies are acquiring substantial financing. Any thoughts or opinions?
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Auto Sales: Good News on the Horizon? [View article]
Monaco Coach Gets $129.3M In New Debt Financing
MNCLast update: 11/5/2008 6:19:37 AM (MORE TO FOLLOW) Dow Jones Newswires (201-938-5400)November 05, 2008 06:19 ET (11:19 GMT)
This is an example of a distressed company that has been down 50% and struggling. Yet they have acquired a substantial amount of financing. I believe it may be time for me to get back in to sirius stock. I am going to hunt around an see what other distressed companies are acquiring substantial financing. Any thoughts or opinions?