Decisions, decisions (SIRI)

[New-born baby]

SIRI and Web's Bets

Webs,

I am writing this for your financial well-being, and I write out of concern for you and Alison.

You are correct when you say you are placing your bets on SIRI. My point is that SIRI is no way worth 100 years' worth of sales. Currently, SIRI is trading at 100 times sales. That means, all the current sales (that's sales, not profits!) for the next 100 years would be required to cover its market capitalization at this time. In other words, this thing is way overpriced. You are indeed betting on this stock.

J.P. Morgan downgraded this stock on Nov 24, 2004. J.P. said, "Dump SIRI and buy XM radio stock now. It is time to take profits."

Will this company be a success? Very possibly. Does that mean that the stock price will hit $200 per share? NO. Will the share price go up more? Maybe, but one thing I know for sure, you are operating in a bubble. And eventually, bubbles break.

TASR wasn't worth $128 per share, either. Alot of people made money off of TASR, and a lot of people lost money on TASR. You see, some had to lose in order for the others to gain. All of them invested hoping for higher and higher prices, but its bubble burst, and it has come down. Look at all the tech stocks of 2000. They have fallen 95% and more. It could happen here.

My point is I do not want to see Alison burned. It is her first investment; I hope she makes money. I'd hate to see her hang on looking for $200 when SIRI goes back to 20 cents. And if you've doubled your money, perhaps you'd be prudent to walk away for awhile and get back in later.

Webs, the very best investing to you. I hope you make LOTS and LOTS of money off of SIRI, and every other investment you make. I am just trying to say I think this thing is dangerous.

[billyjoe]

If SIRI goes to $200 or even $100 it would be worth the entire assets of several smaller countries , multiply it out.
billyjoe

[scifos]

If SIRI goes to $200 or even $100 it would be worth the entire assets of several smaller countries , multiply it out.
billyjoe

1.26 Billion Shares x $200 per share = 252 Billion dollars. That would make it the fourth largest company by market capitalization, behind General Electric(374.7B), Exxon Mobil(333.2B), and Microsoft(289.2B). And Just ahead of Citigroup(235.7B) and Wal-Mart(234.7B). These companies have been around for decades, how long will it take SIRI to get into this group?

[Websman]

1.26 Billion Shares x $200 per share = 252 Billion dollars. That would make it the fourth largest company by market capitalization, behind General Electric(374.7B), Exxon Mobil(333.2B), and Microsoft(289.2B). And Just ahead of Citigroup(235.7B) and Wal-Mart(234.7B). These companies have been around for decades, how long will it take SIRI to get into this group?

Once SIRI acheives CFBE and heads towards profit, the company should start buying back some of the stock.

[jiesen]

Once SIRI acheives CFBE and heads towards profit, the company should start buying back some of the stock.

Also, in the decade or two it should take SIRI to reach that level, market caps of each of those companies is likely to more than double (assuming just your regular 7% growth).

[lak]

I am new to this board but have been a lerker for months. I have a bunch of SIRI and am up nearly 90% still. Thinking of dumping it and thanks to all of you think it is the right move. Just hate to do so if it will hover here and move higher with a solid holiday season..........

[New-born baby]

Profitting off of SIRI

LAK,

Here's an idea: sell one-half of your position to lock in profits. Set a stop under your other shares to ensure that they do not drop so much as to eat up your profit. IF SIRI advances, move the stop upwards.

Or sell 75%, and let the others run/drop as they will.

Congrats to you on a 90% move. I hope it moves more for you.

[lak]

I was thinking about the half holding sale........ probably do that to lock it in. It looks as if siri will lose ground today, so it might be time.

[MEA_1956]

NBB is right on == on his advice, I have been doing this for the last 1 1/3 yrs. Over all I'm up but have one that sold off more than 76%. ===> M.E.A.

[Websman]

BWAAAAAAAAAAAHAHAH!!!!!

Up .18 on high volume again today!!!

I'll tell you what is driving this stock, and it's spelled...H-Y-P-E...
This hype is caused mostly by Howard Stern and Mel Karmazin along with the fact that Satellite radio is turning out to be a hot Christmas item. I'm still bullish until Christmas.

Someone pass me a beer!

[Websman]

I am new to this board but have been a lerker for months. I have a bunch of SIRI and am up nearly 90% still. Thinking of dumping it and thanks to all of you think it is the right move. Just hate to do so if it will hover here and move higher with a solid holiday season..........

If you have a large portion of your cash invested, I would take your profits while they're guaranteed.
If you're like me and have a small amount of your cash invested, you might be able to stay with it. Since I don't have any money that I can't afford to lose invested in SIRI, I'm riding it through Christmas.

I'm in at an average of $3.33.

Good luck!

[Runner]

SIRI has had a good run, IMO I think the party is coming to a halt. The big question is where does it go from here? While nobody knows for sure I think 4.20-4.50 area might be possible. Then again who has never been wrong?

[abk33139]

We're sooooooooo close to that 7.00 mark. Anyone have any ideas why we got a nice increase today? Is Basketball THAT big a deal?

Alison <ducking because she's a football fan and not a basketball fan>

[jiesen]

We're sooooooooo close to that 7.00 mark. Anyone have any ideas why we got a nice increase today? Is Basketball THAT big a deal?

Alison <ducking because she's a football fan and not a basketball fan>

Sure, it's up because the whole market's up. The $$MM picks had a great day today as well- most of them are up 3-6% today...

[Websman]

SIRI is breaking all the rules and my account is looking better all the time!