anybody buy sirius radio stock lately??

[c note]

This stock is gone through the roof since Stern announced he was signing with Sirius a few months ago. I belive the stock was around 3.00 a share before he made the announcement. The stock closed at 9.00 even today. thats a 300% increase in just 6-8 weeks. anybody think this will come back down?? i want to kick myself for not getting some at 5.00 when i had the chance..but i felt the stock was overvalued and would come back down after hitting 5.00...i think they will have a good 4th quarter with units sold do to many xmas gifts for Sterns fans.....hard to invest money though into a company that is a good couple of billion in debt...can any stock guru's shed some light??

 

[wareagle]

They are in serious debt, no doubt about it. I was pissed because i wanted to buy this at .97 cents about a yr ago, i bought a couple thousand shares at 2.10. I am about to dump this jewel.

 

[c note]

wareagle...thats still a nice catch at 2.10 a share!! congrats on your good timing and smart decision to grab some

 

[HarleyDavid]

For someone like myself who knows little to nothing about buying stock .. is it too late to consider this as a viable purchase to hold onto for the long run?

 

[worm44]

see my thread in Movers and shakers forum

 

[dawgball]

My stock investment club bought it at $1.16 a while back. I think it's time to dump a portion to see what happens.

 

[worm44]

you should have dumped yesterday....the stock rating is a Sell and the stock is down 25% already today

 

[c note]

it looks like allot of people dump shares today and cashed in..at 10:30 am eastern Wed the stock is down 24% or 2.113 a share

 

[redsfann]

I bought 1000 shares @ 2.12 last August and dumped 750 shares @ 6.34 a couple of weeks ago.

Banked a nice profit and really could care less what happens to the price right now. I'll ride it out and if it goes higher again may sell in 100 share lots until I'm no longer a stockholder...or I'll hold on hoping it goes to 25 a share....D

 

[TheCooler]

investment banks as usual leave the consumer screwed. i see time this after time with stocks. you know who was dumping millions of shares for their clients yesterday when it $9 ? you better believe that.

 

[djv]

In at 3.50 out at 7.58, 1000 shares. What happens from here I don't know. But will watch close because there are those that think it will see 12 to 15 by end of next year. If back down around 5.50 I may go back in with half my profit.