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Old 09-22-2005, 11:02 AM   #1
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Default Opinions on when to buy

I know nobody can ever be sure, but I am ready to buy some Sirius stock. The money is sitting in my investment account waiting on me to click go...

the question is when..... I knew the last report would make the stock drop some...

where do you guys think I should buy.... I think we'll see it go up big time (9 dollars a share or so >>>)with 4Q 05 or 1Q06 report and the holiday/stern subscriber numbers....

I just can't make up my mind if I should wait to see if it drops anymore...
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Old 09-22-2005, 11:34 AM   #2
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ahh to heck with it


I went ahead and bought my 100 shares :\

I guess from here we will see
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Old 09-22-2005, 12:20 PM   #3
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picking an entry point is difficult, as is picking an exit point. Rarely does a person hit the bottom to buy and then the top to sell so relax and no figure out at what price you think you should sell.
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Old 09-22-2005, 11:17 PM   #4
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manco is right. difficult to pick tops or bottoms. i have bought sirius at different levels. anywhere from .75 to 7/shr . i think there is alot of money to be made in the coming years.

sirus is one very cool service that both auburn and bama fans can agree is cool. the investment in sirius has been way cool for me
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Old 09-23-2005, 02:55 PM   #5
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with rita, gas prices, and earnings next month it's hard to say. but, i think no matter how low siris/xms sub numbers are come earnings, i think the trend will be up for christmas. so if you want to be safe, i'd buy after earnings and hope for a nice ride up.
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Old 09-23-2005, 03:15 PM   #6
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deciding when to but is definitely tough. If your intentions are for the long term, 2+ years, it will not matter. This is a stock that will be in the $12-15 range in 2008.
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Old 09-23-2005, 04:52 PM   #7
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I plan to hold a MINIMUM of 6 months. Most likely longer unless the getting out looks REALLY good.
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Old 09-23-2005, 05:52 PM   #8
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Default Short Term Capital Gains

I believe one needs to hold a stock for at least 18 months or you will pay the IRS short term capital gains. You may want to factor this into your decision algorithm.
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Old 09-23-2005, 06:13 PM   #9
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I believe one needs to hold a stock for at least 18 months or you will pay the IRS short term capital gains. You may want to factor this into your decision algorithm.
Unless of course it's in a retirement account that is tax free.
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Old 09-23-2005, 07:06 PM   #10
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Buy low and sell high.
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Old 09-23-2005, 10:21 PM   #11
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Hmmmm I'll have to ask my broker.... just have to not let on I got a Scottrade account
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Old 09-24-2005, 07:40 PM   #12
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Quote:
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Buy low and sell high.
That's what I do.
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Old 09-26-2005, 06:23 PM   #13
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Quote:
Originally Posted by joesal905
deciding when to but is definitely tough. If your intentions are for the long term, 2+ years, it will not matter. This is a stock that will be in the $12-15 range in 2008.
How so? :\

Just want to hear another opinion on it, not tryin' to start something.
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Old 09-26-2005, 06:37 PM   #14
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For someone that is trying to decide to buy at a price of 6.75 or waiting for it to go down to 6.50, it really wont matter when the price is in the 12-15 range as I expect it will be in 2008. It especially wont matter that much if they are only buying a smaller amount of shares.
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Old 10-01-2005, 10:08 PM   #15
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You picked an excellent entry point but I'd try to buy a few more shares and do it quick before Jan when Stern comes on board. 100 shares ain't much but you can add, just don't wait too long.

It's a good point because Siri recently dropped from over $7 so it will probably shoot up again. I just retired and got a nice Gov't buyout of $25,000 plus $50,000 from my Thrift savings account and $8,000 for my vacation leave. I'll get some of that money before it hits $7 and I'll buy another 2,000 shares or more.

The rest is being invested at 7% and will double in 10 yrs. Kicker is, you have to leave it in for 10 years for the 7%.

Siri should go over 7.00 again before Stern comes on and go up even higher. Accept for buying in a hurry, I ain't touching that $$ until after Stern comes on.
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