Sirius Satellite Radio

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#1
Hey,

Anybody hop on the Sirius train and get real lucky? I wanted to do so badly when it was at $4.84. Unfortunately, I finally convinced my parents to close and release my savings account to me just the other day. I got the money today and put it in my bank account and scheduled to transfer 2/3rds of the money into a ShareBuilder account I opened. The stock is now selling at $9.01 per share and I think I've missed out on it, unfortunately. I have a friend who works for Sirius in NYC and he swears that the stock will keep going up, easily past 20 (he said it's what the new CEO swore to do and he hinted that he straight up "knows"), but at the same time he's not going to bad-mouth the company that he works for, especially since he LOVES his job.
As much as I REALLY want to buy some shares, I feel like it might be too risky now (probably going to go with Gerdau Ameristeel instead). Anyone else's thoughts on Sirius? I'm not gathering your opinions to help make my decision, just curious what you guys have to say since Sirius seems to be all the craze with the stock market right now.

Thanks,
MrElussive
 
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#2
Definitely buy it. It wen back down today because to dumb ass financial anaylsts said you should sell it lol Sirius is a great product and the stock will go up over this next year, almost gauranteed. I am going to buy a unit for myself, thats how much I believe in it.

I'd say if you can get the stock right now for under 8 bucks its a steal. I am going to see if I can buy a few more shares.
 
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#3
Yeah, I thought it was going to keep climbing for only a little bit longer so I figured I missed "the ride". Now that it dropped over 2 points today, I think I will wait a day and jump right in. The stock is bound to be in the teens within a few months.
 
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#4
Okay, so today I bought some shares as soon as I woke up, lol. I bought at $7.19 per share and it closed today at $7.17, lol. [:9]
I am either a genius or a dumbass on this move. Hopefully the stock will go up a little bit for the holidays and I plan to hold onto it for a while.
 


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