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Old 04-20-2007, 10:25 AM   #16
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Old 04-26-2007, 08:02 AM   #17
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Been a shareholder since 2001 and finally sold EVERY single share I had. I could not take it anymore.

I was always telling myself that Sat. Radio is going to be huge and everyone will make tons of money. That may still be the case, but the people that are losing out now are the shareholders. Now is not the time to be in either stock. Over the next 6 months, the stocks should depreciate another 20-30% in my opinion.

Still have my 4 subscriptions to Sirius and I love the product. Sold my shares and still locked in a nice profit since I bought many shares in 2003.

I will be sitting on the sidelines for some time to see how this merger shakes out. There is no rush to buy into either of these stocks.
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Old 04-26-2007, 09:27 AM   #18
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I could not disagree more. Now is the time to NOT sell, thats what everyone is doing, could be a big mistake. There will be a merger; or, if not, a buyout by another large media company. You probably have some time to get back in though, due to all the merger confusion.
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Old 04-26-2007, 01:52 PM   #19
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Originally Posted by hazzar View Post
I could not disagree more. Now is the time to NOT sell, thats what everyone is doing, could be a big mistake. There will be a merger; or, if not, a buyout by another large media company. You probably have some time to get back in though, due to all the merger confusion.
And that's what makes it a market for stocks, willing sellers and willing buyers.

Personally, I sold all my SIRI last week. Yep, took a bath. In fact, I'm probably going to sell some SIRI and XM short very soon. For me, I strongly believe the buyout will not be approved, and after yet another stupid business decision by XM and SIRI to try that ridiculous idea and spend probably several millions on lawyers and consultants, the sat radio stocks will totally tank. The smart money on Wall Street already has placed its no confidence vote. At best, today is a dead cat bounce.
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Originally Posted by atlwxman: "I love Sirius...but in my car, not in my portfolio."

Originally Posted by Andrew-NYC: "...Just make a radio that gets both services, and there will be no need for the merger!"

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