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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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SIRIUS Continues To Plummet In Early Trading...I hate to say i told ya so but...
...well, i did...
![]() To re-iterate what i've said to people looking for my stock advice a thousand times.... In an economic down trend... Do people NEED sattelite radio in their car.... NO Do people NEED gas and thus oil to run their car....YES Do people NEED sattelite radio in their livingroom....NO Do people NEED Nat Gas or Oil to heat their living room....YES |
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#2 |
In Tushy Land
Join Date: Oct 2002
Location: Nebraska
Posts: 40,149
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damn, just seen how much it has already went down today. ouch heh.
xm also down 3.6% |
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#3 |
Doing the grind since 99
Industry Role:
Join Date: Oct 2003
Location: Buffalo NY
Posts: 16,881
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It has less to do with not needing it and more to do with Howard Stern.
With Howards anticipated arrival in 2006 the stock went up way above what its worth. Those that got in early enjoyed the ride to the top as the sheep drove the price of the stock up. Now people are taking profits and the sheep are panicking and getting out as well.
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#4 |
Confirmed User
Join Date: Aug 2003
Posts: 1,017
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keep falling. cause I'm going to buy every share I can. Some people are so short sighted about things.
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#5 | |
Confirmed User
Join Date: Nov 2002
Location: Belgium
Posts: 7,383
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#6 | |
Drunk and Unruly
Join Date: Jan 2002
Location: Hollywood
Posts: 22,712
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Quote:
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#7 |
Bon temps!
Join Date: Feb 2003
Location: down yonder
Posts: 14,194
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A lot of people who wouldn't actually go out and have satellite radio installed would connect to it with all the new cars coming out with it pre-installed. I think it's way too early to make a call on Sirius.
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#8 | |
Confirmed User
Join Date: Aug 2003
Posts: 1,017
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Quote:
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#9 |
Confirmed User
Join Date: Aug 2004
Location: L A
Posts: 1,631
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i am buying more & more
![]() can't wait till the rally!! |
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#10 |
Confirmed User
Join Date: Sep 2004
Location: In front of computer
Posts: 564
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ExxonMobil
3Q Net Income (U.S. GAAP) $ 5,680M = ~$22.7B/year profit Sirius Satellite 3Q Loss from operations, as reported $(167,237K) = ~$668M/year loss Enough said... P.S. Btw, I have XM sat radio in my SUV
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#11 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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If you wanna throw your money away long term...put it in useless shit like satelite radio....
....Throw some money in Car DVD players while you're at it! |
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#12 |
Confirmed User
Join Date: Jul 2002
Location: Fantasy Island
Posts: 1,770
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siri has been good to me. i've playing this stock for a long time.
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#13 |
Confirmed User
Industry Role:
Join Date: Aug 2001
Location: Beach
Posts: 5,281
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I am holding for a long time, satellite radio is the next big thing
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#14 |
Confirmed User
Industry Role:
Join Date: Dec 2003
Location: City... City of Satan
Posts: 2,651
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Umm.... Looks like in the last 6 months it's been doing well. So what exactly have you told us?
http://chart.finance.yahoo.com/c/6m/s/siri.gif |
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#15 |
Confirmed User
Industry Role:
Join Date: Dec 2003
Location: City... City of Satan
Posts: 2,651
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Do people NEED sattelite radio in their car.... NO
Do people NEED gas and thus oil to run their car....YES Do people NEED sattelite radio in their livingroom....NO Do people NEED Nat Gas or Oil to heat their living room....YES This has to be the worst analogy EVER. |
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#16 |
HAL 9000
Industry Role:
Join Date: May 2001
Posts: 34,515
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SIRI went down after rumours of directv getting involved to sat radio again, but this won't happen if you follow the news. Stock will go up again.
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#17 | |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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Quote:
![]() If SIRI gets the ipod deal then i give it a good chance near term....if that falls through...i'd say look out down below |
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#18 |
Confirmed User
Industry Role:
Join Date: Dec 2003
Location: City... City of Satan
Posts: 2,651
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So you're not comparing Gas and SIRI in that post?
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#19 |
Doing the grind since 99
Industry Role:
Join Date: Oct 2003
Location: Buffalo NY
Posts: 16,881
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Many of you are ignoring the Howard Stern factor. Its the main reason SIRI is up anyway. I don't care what you say. Headline news on this has driven that stock up. I am not saying it can't go up further long term. This type of service long term may really take off. I prefer XM long term.
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#20 | |
vip member
Join Date: Jan 2003
Posts: 17,798
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Quote:
I swear that you are stupid. I'm not a Sirius fan, but you are stupid. |
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#21 | |
Too lazy to set a custom title
Join Date: Oct 2002
Location: MI
Posts: 4,484
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Quote:
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#22 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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Whats your basis? I've stayed out of stuff like this and done quite well staying in commodities and defense stocks....
...Those of you who took my CBTE advice last spring got rich over night.... From 4 to 13 in one day... |
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#23 | |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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Quote:
HEHE...i know making this post i was leaving myself wide open for haters...and god knows people who just have lost 40% in a matter of weeks are probably in a bad mood.... ...But you can look through my posts and find that when the stock hit 10 I said this exact thing would happen, and everyone that had the stock said that it was just the begining...up up and a away....blah blah blah..... And i said, maybe it has a some upside but the downside is so much more that the smart move would be to get out now.... As for the stock's current situation....You have a couple choices....LONG TERM...and i mean LOOOOOONG....and see if the technology becomes more mainstream....Semi-long and bet on the IPOD deal going through....or just cut your losses (or for many of you take your profits ...although not as big as they once were and get the fuck out of stocks like this... Precious metals and energy are the way to go......Not gadgets that only the elite have....are you forgetting that most americans can't even afford to put a cd player in their car still? And you think they're gonna shell out money for a satellite radio in the current times? And what if the economy takes it in the shitter....then what? I just think the down side is WAY bigger than the upside... |
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#24 |
HAL 9000
Industry Role:
Join Date: May 2001
Posts: 34,515
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BlueWire, i think you underestimate the purchasing power of the US market.
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#25 | |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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#26 |
Confirmed User
Industry Role:
Join Date: Feb 2002
Location: NYC, NY
Posts: 8,531
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buying more as we speak
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#27 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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hehe...i knew i could count on ya to back me on this one Mike
![]() ![]() ![]() Just as long as you hang on to the 40k in CBTE....Then i'll forgive you for this one ![]() |
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#28 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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I will give you one thing...I dont see this thing going much lower than 4 so the down side is slowly becoming reduced
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#29 | |
vip member
Join Date: Jan 2003
Posts: 17,798
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#30 | |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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Quote:
I think you underestimate what kind of bubble most of us live in in here...When i say elite i dont mean the Forbes Top 100....There is a lot of the country that I think you're forgetting....Lots of poor or lower middle class that just done have money for this stuff.... I'm not debating that they will have subscribers....but i'm thinking in terms of market reaction and if the economy takes a downward turn then the market as a whole will pull their money out of these "riskier" investments and put their money in much safer plays.... I'm not stopping you guys...i just would like to bookmark this post and look at where we're at in about a year |
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#31 | |
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Posts: n/a
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#32 |
Confirmed User
Join Date: Mar 2002
Posts: 502
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"The problem, Kagel said, is that people ignore the size of Sirius' float, which has greatly increased since that time due to recapitalization. The number of shares outstanding has risen from 40 million to well over 1 billion.
"So you can't look at a chart to see where [the stock] will be, because when it was at $8 or $9, the enterprise value was three times higher than it ever was at the highest stock price."" |
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#33 |
Guest
Posts: n/a
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The drop this morning though was about speculation involving directv entering satellite radio, not financials. i sold off a thousand a few weeks ago, and bought some more up this morning.
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#34 | |
OU812
Join Date: Feb 2001
Location: California
Posts: 12,651
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Quote:
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#35 |
Confirmed User
Join Date: Mar 2002
Location: Mass Ass
Posts: 5,294
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point.. sirius will install their radio in 1 million fords
point.. sirius is launching satt video with MS point.. buy now http://www.msnbc.msn.com/id/6789778/ |
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#36 |
Too lazy to set a custom title
Join Date: Aug 2004
Posts: 1,908
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What makes you think SIRI will go higher? This is just a numbers game. The stock is way overpriced and all you have to do is read some of the articles that have been printed over the last couple of months that demonstrate this. The current Market Cap: 8.36B says it all.
It isn't an opinion. It is a fact. ---------------------------------------------------------------- Many of those investors misinterpret the company's historical chart, Kagel says. "If you look at a chart of Sirius, you can see that in March of 2000, the stock hit a high of $68," he said, "so people assume this stock has a chance to go significantly higher." The problem, Kagel said, is that people ignore the size of Sirius' float, which has greatly increased since that time due to recapitalization. The number of shares outstanding has risen from 40 million to well over 1 billion. "So you can't look at a chart to see where [the stock] will be, because when it was at $8 or $9, the enterprise value was three times higher than it ever was at the highest stock price." ---------------------------------------------------------------------- |
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#37 |
Too lazy to set a custom title
Join Date: Apr 2004
Location: Buffalo, NY
Posts: 35,218
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It's just a case of a stock running up on hype but in a year the shares will be golden
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#38 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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Down another 8% today.....
I'll bump to that! ![]() |
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#39 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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Down another 5% today...down over 20% since the original drop when this post was made....
Put your bumps in the air like ya just dont care....For all you that shorted it... ![]() ![]() ![]() ![]() ![]() ![]() For those that are holding...ugggh ![]() ![]() ![]() ![]() ![]() |
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#40 | |
Confirmed User
Join Date: Jan 2003
Location: Canada
Posts: 631
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Quote:
SIRI had HUGE volume on the move up from 2.00 to 9.00+ ..... and is now pulling back on significantly lighter volume.... my bet is this puppy has a lot more upside.. follow the big money! ....once the pull back finishes.... you can see from the chart that the 4.40 area was where the stock 'broke out' and it will provide support if it falls to that level.... a good buying opportunity anywhere in that area IMO. http://stockcharts.com/def/servlet/SC.web?c=SIRI,uu[e,a]waclyyay[pb34!b8!c10!b200!b50!d20,2][vc60][iub14!la12,26,9!lh14,3!lc20!lg][J37280665,Y]&listNum=1 |
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#41 |
Confirmed User
Join Date: Jul 2002
Location: Fantasy Island
Posts: 1,770
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down $3 in a 7 trading days. its going lower but not much lower than $3 area.
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#42 |
Confirmed User
Industry Role:
Join Date: Feb 2002
Location: NYC, NY
Posts: 8,531
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hold you'll seeeeeee
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#43 |
Confirmed User
Join Date: Jul 2002
Location: Fantasy Island
Posts: 1,770
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still below the 20 and 50 ma's
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#44 | |
Confirmed User
Join Date: Jan 2004
Location: Los Angeles
Posts: 2,806
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Quote:
SIRI was extreeeeemly inflated at 4, 5, 6 dollars a share. This would put the value of the company at that of GM, lol. The stock and company will probably be successful in the long run, but anyone who doesn't sell it as it's superinflated price stays up there is in for a sore surprise.
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#45 |
Confirmed User
Join Date: Apr 2002
Location: O H I O
Posts: 6,254
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I'll keep riding the rollercoaster!
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#46 |
ICQ 1 6 7 8 5 3 4 9 2
Join Date: Feb 2003
Posts: 13,098
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Markets are way down and will be that way for a while
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#47 |
Confirmed User
Join Date: Nov 2004
Posts: 4,628
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I figured this thread was due for a new bump
![]() Stock settling in right in the 5-6 range...just like i said ![]() ....However, in the meantime i HAVE put in sattelite radio here at the office ![]() ![]() |
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