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
To remove first post, remove entire topic.
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
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.
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.
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?
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?
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
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
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.
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.
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.
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.
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.
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.
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