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

damn, just seen how much it has already went down today. ouch heh.
xm also down 3.6%

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.

keep falling. cause I'm going to buy every share I can. Some people are so short sighted about things.

At least 75% of my portfolio last/this year was in oil. Good times! WLL,OMM,..
:thumbsup

I totally agree.

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.

Thank you. :thumbsup People thought my Dad was crazy for putting money into cable Tv because who in their right mind would PAY for television.

i am buying more & more :thumbsup

can't wait till the rally!!

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

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!

siri has been good to me. i've playing this stock for a long time.

I am holding for a long time, satellite radio is the next big thing :thumbsup

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

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.

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.

First of all...thats not an analogy :) ....2ndly...i dont think its a bad point at all....When there is a lot of extra money floating around then new technology has a much better chance of taking off.....So then you need to make your own decision about where the economy is headed...I think its just a matter of time til we see a collapse here....and stocks that are not NECESSARY components for day to day stuff wouldnt do so well....and at this point, you're kidding yourself if you think this isnt an EXTREME luxury item at this stage in the game....

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

So you're not comparing Gas and SIRI in that post?

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.

I swear that you are stupid. I'm not a Sirius fan, but you are stupid.

Yep.... keep dropping. Youre all right... its never going to fly... sell now, its going to keep falling.

:winkwink:

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...

Its not an analogy...its an observation pointing out that in an economic down turn people will only have there money in safe-buys...and safe-buys are investments in things people NEED...not things people have as a luxury item

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...

BlueWire, i think you underestimate the purchasing power of the US market.

...and i think you guys are overestimating it :) We can agree to disagree on that topic cuz i think the market and the economy is about to tank once we get past this boost from GW gettin; elected

buying more as we speak

hehe...i knew i could count on ya to back me on this one Mike :winkwink: :winkwink: :winkwink:


Just as long as you hang on to the 40k in CBTE....Then i'll forgive you for this one :1orglaugh

I will give you one thing...I dont see this thing going much lower than 4 so the down side is slowly becoming reduced :) .... I guess i'm still caught up in the point i was trying to make when it was near 10

Between XM and Sirius there are currently millions of paying subscribers. Its growing monthly. Yet you call satellite radio something only the elite have? 3 people in my immediate family have satellite radio. 1 Sirius, 2 XM. I guess we are elite in your mind. Awesome.

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

exactly, when Rupert Murdoch says he's going to own your ass in media, he will. Well he didn't. so whoever posted this thread is an idiot.

"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.""

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.

I think you are pretty much right on, the only thing I don't think the economy will take a shit maybe a little poop as in slow down a little.

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/

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."
----------------------------------------------------------------------

It's just a case of a stock running up on hype but in a year the shares will be golden

Down another 8% today.....


I'll bump to that! :drinkup

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... :thumbsup :thumbsup :thumbsup :thumbsup :thumbsup :thumbsup

For those that are holding...ugggh :( :( :( :( :(

I'm sure this link won't work, but you can just copy and paste it if you like.

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

down $3 in a 7 trading days. its going lower but not much lower than $3 area.

hold you'll seeeeeee

still below the 20 and 50 ma's

This means nothing. I didn't read through this whole thread, so sorry if I reapeat.

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.

I'll keep riding the rollercoaster!

Markets are way down and will be that way for a while

I figured this thread was due for a new bump :thumbsup

Stock settling in right in the 5-6 range...just like i said :winkwink: ...hasnt moved in ages




....However, in the meantime i HAVE put in sattelite radio here at the office :1orglaugh ....Its an XM one but still...what a hypocrit i am :1orglaugh ....whatever, i still think the stock is a POS