Decisions, decisions (SIRI)

[Websman]

I'm in SIRI at $3.33. It closed at $5.97. SIRI is making up for all of the losing trades I've had this year.

I'm thinking of writing Howard stern and Mel Karmizin and thanking them for making me money!

[abk33139]

And, so, when will you sell? Just asking out of curiosity....

Alison

[Websman]

And, so, when will you sell? Just asking out of curiosity....

Alison

I swing trade a lot, but I'm in SIRI for a long term investment. I'm looking at the long term potential of satellite radio. Sure, there are going to be a lot of ups and downs but, in the long run, I think the upside potential is tremendous. The bick kicker for Sirus isn't Howard Stern or Mel Karmazin. What's going to really get this thing going will be factory car installs. Sirius will be going into Chrylsler, Dodge, Ford, BMW, Mercedes, Jaguar, Winnebago, Freightliner, and other vehicle lines.

Think about it...Would you rather put a Satellite radio in your car or have one already installed when you buy a new car? People are lazy. They won't use it unless it's already there.

You'll buy a car and it'll already be there. Some of them come with as few months free. Odds are that you'll be hooked and you will continue your subscription.

I've been telling everyone for the past year that this thing is going to be huge. It's just like if you would have bought Microsoft and AOL and held them for a number of years. You would have made a killing!

That's what I'm doing with Sirius, and it WILL make me a lot of money in the long run. It would be different if I traded for a living, but I don't. I have plenty of time to wait.

So...When will I sell my SIRI stock? Like I told Spike $200 per share or 2009, whichever comes comes first.

So, when are you selling yours?

Webs...

[Jaws57]

Keep it

I bought this thing after my wife put it in her car. It is an awesome idea, I had thought about buying XMSR but I am glad I got SIRI my ave cost is 3.25.

I dont plan to sell unless I get convinced that sattelite radio is not going to be the next "cable TV".

Jaws57

[tokyojoeskid]

gaaaa, I was in siri at 1.07 back in the day man I wish I woulda held on to the thing. I ended up selling at around 2 for what I thought was a sweet double. I'm looking to re enter the stock for the long haul. I am a Sirius believer

[abk33139]

Hmmm. Not sure exactly when I'll sell. I like your idea of $200/share or 2009. That would mean my measly $1,600 investment would be worth $80,000. Now THAT would shock the heck out of me, considering it was the first stock I bought. I never thought I'd see anywhere near this kind of increase in less than a month. I just always assumed it would be something I'd hold for a few years before I saw any significant gain.

For now, I'll suscribe to the $200 or 2009 theory.

Thanks,
Alison

[New-born baby]

$200

Alison,

I don't think Webs is being serious (pardon the pun) when he says he'll hold until $200. Perhaps, since this is your first stock and we want you to do well, you might consider other opinions for a realistic target for this stock. Why not ask Spike for a target price, and a place to put a stop limit in so that this thing doesn't dive on you and you lose all your profit.

I hope this is the first of many winners for you.

[spikefader]

SIRI - warning to longs.

Well, that channel target I spoke about has been hit. Intraday R2 hit. SHS formation with neckline break is bearish. Watch this baby fall for a few days.....

[spikefader]

A closer look at the daily.

[spikefader]

Only fair I warn you I just went short at 6.60 with stop just over high of day. Risking 5.5% to gain 25%. Not bad r/r

http://www.mrmarketishuge.com/forum/showpost.php?p=9353&postcount=1551

[mrmarket]

ok...spike...give us the real story..you have the Bear avartar when you are bearish and the Bull avatar when you are bullish, correct?

[spikefader]

ok...spike...give us the real story..you have the Bear avartar when you are bearish and the Bull avatar when you are bullish, correct?

Yep, you got it. If I'm bearish on the market you'll see the bear, and when I'm bullish, you'll see the bull. And by now it's probably obvious that I change my bias pretty regularly.
Obviously, SIRI is the exception at the moment

[Websman]

Alison,

I don't think Webs is being serious (pardon the pun) when he says he'll hold until $200. Perhaps, since this is your first stock and we want you to do well, you might consider other opinions for a realistic target for this stock. Why not ask Spike for a target price, and a place to put a stop limit in so that this thing doesn't dive on you and you lose all your profit.

I hope this is the first of many winners for you.

I am serious...but being it's Alison's first trade, I would recommend following Spike advice, especially if a large portion of your funds are in it. Sure it may continue to go up, but it could drop just as hard.

For me, I have a small amount of my money in SIRI, so I can afford to stick it out.

[Websman]

Only fair I warn you I just went short at 6.60 with stop just over high of day. Risking 5.5% to gain 25%. Not bad r/r
http://www.mrmarketishuge.com/forum/...postcount=1551

I don't think SIRI is finished running yet...

[spikefader]

I don't think SIRI is finished running yet...

Plan firmly in place. Let the cards fall where they may, and I'll smile regardless.