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Old 12-07-2004, 03:07 PM  
Hog's Gone Fishin Hog's Gone Fishin is offline
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SIRIUS stock. GEEZ, when ever will my bubble burst.
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Old 12-07-2004, 08:54 PM   #16
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Old 12-08-2004, 07:05 AM   #17
Hog's Gone Fishin Hog's Gone Fishin is offline
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Sorry to offend you guys. Not trying to pimp the stock, but just sharing my good fortune with the only bulletin board I visit. When I bought the stock, it was predicted to catch up with the xm satellite stock which was at 27.00 at that time . Now xm is at 37.00 last I checked about a week ago. If I were any of you that do not own this stock, I would not get in at this time. Now you may go back to your very interesting topics that I see on the board at this time.
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Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.Hog's Gone Fishin is obviously part of the inner Circle.
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Old 12-08-2004, 10:04 AM   #18
sd4chiefs sd4chiefs is offline
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Its at 7.25 today. That is almost a 20% drop.
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Old 12-08-2004, 11:18 AM   #19
beavis beavis is offline
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He's obviously pumping this thing, albeit in a weird place.

What an over-valued piece of crap.
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Old 12-08-2004, 11:19 AM   #20
Taco John Taco John is offline
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Nice... I bought 200 shares at $1.35
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Old 12-08-2004, 11:26 AM   #21
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Quote:
Originally Posted by beavis
He's obviously pumping this thing, albeit in a weird place.

What an over-valued piece of crap.
No kidding. The company is going to lose money over the long haul.
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Old 12-08-2004, 11:31 AM   #22
skye22f
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Quote:
Originally Posted by Brock Landers
No kidding. The company is going to lose money over the long haul.
They're completely overvalued right now.

Don't buy stuff like this in a frenzy, it's too much like people in the 2000 bubble. I'll be looking for the right time to short SIRI, that time might be now. If we get a retracement off this break today I'll be looking to short next time I see volume slow down and we hit some resistance.

This guy isn't pumping it up though, there is way too much volume in this thing for message board tips to move this stock. People pick stocks with low floats and low volume to do that, had a guy come at me hyping ZANE and VMII.OB the other day. Check those to see what I'm talking about, no one wants a piece of that and all it takes is a few buyers to really move those markets.
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Old 12-08-2004, 12:30 PM   #23
Ari ümlaüt Ari ümlaüt is offline
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i sold 200 of my 300 shares at market start 8.90ish ... and rebought at 6.90 and repurchased 257... now i have 357
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Old 12-08-2004, 12:33 PM   #24
beavis beavis is offline
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Quote:
Originally Posted by ümlaüt
i sold 200 of my 300 shares at market start 8.90ish ... and rebought at 6.90 and repurchased 257... now i have 357
I let someone talk me out of buying when it was in the low 2.00 range.
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Old 12-08-2004, 02:40 PM   #25
2bikemike 2bikemike is offline
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NEW YORK (AP) - The stock of Sirius Satellite Radio Inc. fell sharply Wednesday after two Wall Street firms lowered their ratings on the satellite radio provider.

Sirius shares traded at $7.19, down $1.83, or 20 percent, Wednesday afternoon on the Nasdaq Stock Market.

Analysts at both Smith Barney and Bear Stearns said the company's recent flood of positive news had made the stock overly pricey.

Shares of New York-based Sirius hit a 52-week high of $9.43 Tuesday, nearly triple its trading price just two months before. The runup followed the October signing of a five-year, $500 million contract to carry shock-jock Howard Stern.

Stern, who will leave conventional broadcasting at the end of next year after his 15-month contract with Viacom's Infinity Broadcasting expires, paved the way for Sirius to hire former Viacom president Mel Karmazin as chief executive.

On Wednesday, Smith Barney cut its rating to "sell" from "hold" while Bear Stearns downgraded Sirius to "peer perform" from "outperform."

"While we remain bullish on company fundamentals, we believe the recent surge in the stock has taken Sirius to levels which are difficult to justify," Smith Barney analyst Niraj Gupta wrote in a note to investors.

It's "too much, too fast," Gupta said.

Both analysts cited Sirius' 11 percent jump Tuesday as an example of the market's overreaction.

Tuesday's rally came after both Sirius and its rival, industry-leader XM Satellite Radio Holdings Inc., announced long-awaited agreements to have their radios installed in new Toyotas. Sirius signed a contract to have its radios installed at a post-production facility, while XM got a factory-install agreement. Factory-installations are cheaper and thus more appealing for car dealerships. Still, Sirius stock jumped 11 percent while XM's rose 2 percent.

At the $9 share price Sirius was trading at Tuesday, the market is valuing the company the way it valued satellite TV provider EchoStar when it had 3 million customers, Robert Peck at Bear Stearns said in his note. Sirius, however, expects to finish the year with 1 million users. At the end of last year, it had just 261,000 subscribers.

Sirius is striving to catch up to subscriber levels at XM, which started up in late 2001, a few months before Sirius, and has 2.5 million subscribers.

Sirius chief financial officer David Frear had no comment regarding the company's stock movement Wednesday but took issue with analysts' take on the Toyota contract.

For the next year at least, Sirius radios installed in Toyota will have a lower price point, he said. Under XM's current dealer-install agreement, an XM radio costs $450 to $490, he said. XM's new factory-install agreement, which is expected to lower the price tag, won't start until 2006. Meanwhile, a Sirius radio with Toyota will cost $299.

By the time XM's factory installation kicks in, "the cost of putting our product into cars _ either at a factory or (postproduction facility) will drop significantly," Frear said.

"At the end of the day, customers will choose based on content. Our content with NFL, with Howard Stern, Eminem, and other programming is clearly superior to XM," he said.

Shares of XM were at $37.81, down 60 cents, or 1.6 percent, Wednesday afternoon on the Nasdaq.

© 2004 AP
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Old 12-08-2004, 03:53 PM   #26
Dave Lane Dave Lane is offline
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Quote:
Originally Posted by Hog Farmer
SIRIUS stock. GEEZ, when ever will my bubble burst.
Yes.

Dave
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Old 12-08-2004, 03:55 PM   #27
2bikemike 2bikemike is offline
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Last I saw it was down $2.06
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Old 12-08-2004, 04:00 PM   #28
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Quote:
Originally Posted by 2bikemike
Last I saw it was down $2.06
Closed at $6.90
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Old 12-08-2004, 04:03 PM   #29
ChiTown ChiTown is offline
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Originally Posted by Taco John
Nice... I bought 200 shares at $1.35
Wow. You really got a set on you, dontcha.......$235
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Old 12-08-2004, 04:04 PM   #30
2bikemike 2bikemike is offline
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Closed at $6.90
Wow down $2.53 from its high Tues of $9.43!
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