Sirius Stock (SIRI)
 

Stock is down from 7.50 to 6.10 or 19% since I reccommended selling everything.

Unfortunately for longs it looks like its gonna go lower. On Monday the stock fell to its 50dma and that support briefly held. Today the 50dma didnt hold. We also broke the 10 week MA. NExt support is at 4 (40 week MA, 200 day MA). I think it will probably fall to the low 4's in the next 3 months.

As I mentioned before, the stock is selling at 44x sales which means its a bubble. I think the stock will not reach new highs for another 2-3 years at least. I would sell it. It's gonna be dead money for a while. If you sell, then I could reccomend what you should replace it with!

Yeah it's in trouble the hype made a lot of people a lot of money but more people are going to lose out

you can? and you're a registered rep with the SEC? cause if you aren't, you could be opening yourself up for a world of hurt...and if you are, then i hope you're registered in all 50 states...

I understand that it's ilegal to send solicitations recommending a stock, but not to recommend it to friends.
But I am not an expert.

why not wait till just before next years shopping season and buy. you know theres gonna be a massive rush because it will be only a few months til stern leaves FM

Woah. People give stock tips on message boards all the time. It's your job not to take them seriously. Guess I better not reccomend anything because you'll sue me if it goes down 2%.

i was in at 2.28 before the climb to the 9.00 range. sold out in the 8.50 area, had 20000 shares. nice little profit on that trade.

The main reason on why you lose out is because a stock drops one week and everyone panics. It will go back up, it usually does right after I sell it. This time I am hanging on.