Decisions, decisions (SIRI)

[abk33139]

MCRI's not up.

[jiesen]

yeah, casinos tend to move opposite to the rest of the market...

when markets bust, casinos boom! (it's all those folks going to Vegas to "make back" what they lost in the market)

[Websman]

I love Casinos, but I'm making a lot more by gambling on SIRI!!!

[abk33139]

Holy stock trading, Batman! Siri's edging towards $7.30 per share this morning!

Alison

[abk33139]

!!!!!!!!!!!!!!! Almost $7.70 after a close of $6.98 yesterday! Websman must certainly be out celebrating!

Alison

[Websman]

!!!!!!!!!!!!!!! Almost $7.70 after a close of $6.98 yesterday! Websman must certainly be out celebrating!

Alison

WHO'S YOUR DADDY!!!!!!!!!!!!!!!!

YEEEEEEEEEEEEEEEEEEHAAAAAAAAAAAAAHHHHHHHHHH!!!!!!

[Websman]

$7.26 close!!! That's a .26 gain...that's not too bad.....

BWAAAAAAAAAAAHAHAAAAAAAAAAAHAHAAAAAAAAAAAAAA!!!!!! !!!!!

[Websman]

I'm off work, so I'll be checking on my stocks after I run a few errands. The pre-market action on SIRI is looking very encouraging. Could this be another big up day for the Websman portfolio?

[New-born baby]

Cotton pickin' Vulcans

$7.26 close!!! That's a .26 gain...that's not too bad.....

BWAAAAAAAAAAAHAHAAAAAAAAAAAHAHAAAAAAAAAAAAAA!!!!!! !!!!!

Hey, I thought you cotton pickin' Vulcans didn't have any emotion. Just don't cry when SIRI comes back to planet earth.


Hey, I am saying this in a good-natured way. I hope the thing goes to $200 for you.

[Websman]

Hey, I thought you cotton pickin' Vulcans didn't have any emotion. Just don't cry when SIRI comes back to planet earth.


Hey, I am saying this in a good-natured way. I hope the thing goes to $200 for you.

Spock was only half Vulcan. The other half of him was human, so sometimes the emotions must take over!

Believe me, I know it's not going to $200, but I do believe it will top out around 2009. That's when the subscriber base should max out. that's why I say "$200 per share or 2009, whichever comes first".

I do feel as though the share price will take a plunge right after Christmas so I will lock in my profits before then and buy back at a lower entry point.

So, what are you trading now Newborn???

Webs...

[New-born baby]

My trades

Webs,

I am trading oil stocks in Canada. I did very well until about two days ago, and probably should have closed my positions and re-entered later. But I am hanging on now. The stocks are:

PMT.UN Paramount Energy Trust
NVG.UN Navigo Energy Trust
BTE.UN Baytex Energy Trust
VKR.UN Viking Energy Trust

These have done very well for me in the past 5 months. But now oil is sliding down, and the question is: How far down will she slide? Below $40 would be bad news for me.

As for SIRI, I do hope you make millions off of it. I haven't the guts to enter, because I know those piling on now are not buying a company, they are just gambling. Let's face it: those commercials with the dog are quite effective at getting stock holders!

Best investing to you, Webs, always!

[Thomrich]

Greetings new born baby,
The canroys have been getting manipulated by traders lately.PGH went from 16 to 21 in about a week,now down to 18.50.

I still believe buying post dist. and selling the runup is a good strategy..Looking to reenter PGH around 16ish and ride for a 1.00 delta before next dist.

Wish me luck. BTW I miss Spike.

cordially tom

[Websman]

As for SIRI, I do hope you make millions off of it. I haven't the guts to enter, because I know those piling on now are not buying a company, they are just gambling. Let's face it: those commercials with the dog are quite effective at getting stock holders!

That's the whole beauty of it all! It doesn't matter if they're buying it for the company or not, as long as they drive the stock price up. I have a big advantage over the hypsters, who are getting in right now, because I bought in at a much lower price. The dog is doing a great job!

Millions??? Hahaha!!! I wish! I'll settle with thousands!

Good trading!

Webs...

[Karel]

Well yes, but I still feel bad about this thread. I know people are making money on SIRI. That is OK. But it is weird to hear someone say, "I know it's not going to $200". The hype is not that $200 is a defensible valuation for SIRI: the current price level is already a hype level. Price is 120 times revenue already, as I write this. That is not a P/E of 120 (SIRI still operates at a loss), that is a P/S of 120.

OK, so this is a hype. But unlike a thing of beauty, or a dirty mind, a hype is not a joy forever. Owning a stock that has gone in hype mode is a mixed blessing, especially for people who are just getting their toes wet in investing. Perhaps people could discuss how to handle such a case? I would really like that better than the next post saying "another 26c today", and we might actually learn something. But whatever you like.

Regards,

Karel

[New-born baby]

Thomrich

Thomrich,

Great to hear from you. I wanted your advice, and I am looking at PWI for an entry. I think bottom has been hit--I hope so. Will probably enter Monday unless you advise otherwise. Thanks for writing. Great investing to you!

Talk to me about 1.00delta. What is it? And I won't wish you luck; I'll pray God blesses you. That's better than "luck."