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Sirius Stock under $1.00

Poor old Uncle Mel and Fatima was caught by surprise and the shareholders had fire Phlashing out of their eyes. Now what? Time to file for chapter 11 or 13? 7? Maybe I should buy 25,000 shares of Citadel? There both under $1.00.
 
People were stupid to believe that was going anywhere.
 
Not wishing to be negative here but how low can it go before they turn out the lights?

Seems like things are tough all over these days. When will it all end?
 
jasper933 said:
WOW, what is going on..? Now it is down to .70 cents.

Someone needs to wakeup. We investors are loosing a great deal.
Click to expand...

As has been shown over and over, don't fall in love with a technology - as it will not love you back. Everytime i see someone falling in love with a technology as to the point of blindness when it comes to reality, the stock becomes a short.

Whether its XM or SIRI.....or even GOOG at $700 or APPL at $200.

SIRI was a great short that has paid off tremendously for those who were on the right side of it.

Again, don't fall in love with a stock - it will never love you back.
 
You think thats bad? How about SBS? They are at 23 CENTS a share. They were at the 30 dollar mark some years ago.
 
I bought it for $1.95, watched it go to nearly 10.00 after the Stern phenomenon. Now, yikes. Shoulda' woulda' coulda' etc. Wonder how this affects Stern and other employees there who are heavily vested with company stock???
 
In the spirit of playing armchair Mel. What if after the merger - part of the satellite radio spectrum were devoted to portable satellite broadband delivery. Then you could tap into the cell, portable ip phone, blackberry, internet radio, and laptop carrying markets, while still providing radio service. Diversification and new income streams and more ways to sell advertising could help the stock price?

Don’t know if it’s technically feasible… Just thinking out loud.

Louie
 
I wouldn't worry about
Sirius.They aren't going out of business any time soon. Stock prices are not always a reflection of reality. Remember something called the internet tech bubble. Companies with nothing but paper valued at hundreds of millions. Reality set in eventually. Sirius has far more going for them. In fact Sirius has some promising things going on the horizon. Good time to get in.

http://www.thestreet.com/story/10440282/1/sirius-xm-should-buck-weak-car-sales.html
 
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