My big F up

Forum: Investments
Author: [Investments] Topic: My big F up
NoWorries21 PM NoWorries21
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Posted: 9/22/2010 11:52:13 AM
Not a big investor but have a little in the market.
About 2 years ago I bought 600 shares Sirius at .30. I watched it plummet to .05 but I knew they would not let it go bankrupt as it is sole provider of satellite radio. I wanted to scoop up a bunch of shares and got talked out of it by my dad of all people. It is now 1.20
wallstreetcappers PM wallstreetcappers
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Posted: 9/22/2010 12:22:29 PM
I dont get it personally, but I agree about them never going BK.

They have so many shares and tons of convertible debt out there, this stock should never be over a buck, ever.


NoWorries21 PM NoWorries21
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Posted: 9/22/2010 12:30:06 PM
I bet it gets to 3 or 4 especially as the world heads toward the satellite radio era
dj_destroyer PM dj_destroyer
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Posted: 9/23/2010 9:27:45 PM
WSC > NW21
NoWorries21 PM NoWorries21
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Posted: 9/30/2010 11:28:15 PM
QUOTE Originally Posted by dj_destroyer:

WSC > NW21

Blow me  I never claimed to know a whole lot about the market
KktdocT PM KktdocT
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Posted: 10/10/2010 11:42:28 AM
everyone was talking about Sirus back in the days.  Now they can't even climb out of their hole.
bsforsale PM bsforsale
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Posted: 10/10/2010 8:24:15 PM
satellite technology is going to be useless as internet radio improves their product. i gave up paying 20 bucks a month for "pocket radio" and "pandora" on my iphone, it's the same digital music playing through my car stereo through bluetooth which is better than the aux that my satellite was going through. as the mobile telephone internet system and wifi networks grow, listening over the internet will be better than satellite soon.  sports leagues and the biggest air personalities will all be looking to make their own deals for internet broadcasting.
bucknuts PM bucknuts
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Posted: 10/11/2010 8:07:05 AM
Stern already talking about making the jump to internet...i do like sirius though,they dropped the price for the lifetime subscription think its $300 now and if you like NFL or some of the channels its well worth it if you ask me...thank god i didnt play with the stock though...didnt it spike to like $7 when Stern first came over?
NoWorries21 PM NoWorries21
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Posted: 10/20/2010 2:45:34 PM
Not sure but I am really glad I got some at $.30 as it continues to climb. at $1.40 now. I think eventually it goes to a sports radio/talk show only with minimal music. I really dont have a clue but I love the fact that I have made over $1 per sure on a penny stock
NoWorries21 PM NoWorries21
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Posted: 1/3/2011 11:40:32 AM
Everyone ripped on my for this but it is now at $1.70 after resigning Stern and inking a deal with MAN U my $180 investment is now worth $950
wallstreetcappers PM wallstreetcappers
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Posted: 1/3/2011 11:50:48 AM
Nobody ripped you, all I said is they have a ton of convertible debt and I STILL think the stock should not be over 1 buck.

That doesnt mean they cannot go to 10, but given reasonable valuation methods I dont see how the stock is worth what it is currently selling for.

You should have invested more than 200 bucks, it is hardly worth your time, but congrats on the nice gain!
NoWorries21 PM NoWorries21
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Posted: 5/5/2011 9:48:12 AM
Now 2.17
dj_destroyer PM dj_destroyer
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Posted: 5/5/2011 10:21:17 AM
TRAIN69 PM TRAIN69
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Posted: 5/9/2011 10:37:45 PM
QUOTE Originally Posted by wallstreetcappers:

Nobody ripped you, all I said is they have a ton of convertible debt and I STILL think the stock should not be over 1 buck.

That doesnt mean they cannot go to 10, but given reasonable valuation methods I dont see how the stock is worth what it is currently selling for.

You should have invested more than 200 bucks, it is hardly worth your time, but congrats on the nice gain!

Thats a pretty bold statement not knowing all the facts. Not everyone cant drop 10k on an investment.....maybe its good money to him.

wallstreetcappers PM wallstreetcappers
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Posted: 5/10/2011 12:01:13 AM
QUOTE Originally Posted by TRAIN69:

Thats a pretty bold statement not knowing all the facts. Not everyone cant drop 10k on an investment.....maybe its good money to him.


Actually it is not bold at all, it makes no sense to enter an investment knowing that the commissions run that high relative to the "investment" money.

The better idea is to have a pool, start with whatever, add to it and make the pot larger, because the odds of overcoming the market with that small of a bankroll is remote period.


NoWorries21 PM NoWorries21
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Posted: 5/11/2011 8:24:40 PM
QUOTE Originally Posted by wallstreetcappers:


Actually it is not bold at all, it makes no sense to enter an investment knowing that the commissions run that high relative to the "investment" money.

The better idea is to have a pool, start with whatever, add to it and make the pot larger, because the odds of overcoming the market with that small of a bankroll is remote period.


This situation is a little different. I spread out about 6k through 4 different stocks. Bought and sold here and there and got out when times were tough a few years ago. I didnt realize I had money left in my account and got a notice I did. I didnt "need" the $150 so bought Sirius.   The actually point was I wished I had "Invested" in it.
K4ngur13 PM K4ngur13
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Posted: 6/6/2011 9:43:38 PM
QUOTE Originally Posted by wallstreetcappers:


Actually it is not bold at all, it makes no sense to enter an investment knowing that the commissions run that high relative to the "investment" money.

The better idea is to have a pool, start with whatever, add to it and make the pot larger, because the odds of overcoming the market with that small of a bankroll is remote period.




I will agree with you here.
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