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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?


To: jmhollen who wrote (375)5/2/2003 11:55:38 AM
From: i-node  Read Replies (1) | Respond to of 8420
 
I think the point lost on you, David, is that one can trade 10 times as many shares of SIRI on its higher percentage price moves than one can on XM - which is driven up and down in little spits & spurts by the pro Dayplayers.

The idea isn't lost on me; I think if someone wants to gamble on the stock & trade it, fine. At this point in time the chances of a person losing their investment in SIRI is much higher than the risk in XM. SIRI has no visible means of support. XM has a reasonable chance of making money within a couple years. This does not seem likely for SIRI.

If you're not in the stock

I have been in the stock, but luckily saw the problems developing and got out with a profit before they hit. Since it moved to the under $1 level, I've traded it a couple times but have no stomach for it until they begin executing. If they make 60K subs I'll consider that to be some progress; I'm doubtful, however, as I think they would have made their numbers public already if they were any good.

try being a little less acid in your comments; unless you enjoy getting slaps on the wrist from SI_Admin(Jeff).

EXCUSE ME? Which of my comments has been "acid"??? If you will read my posts, you will see that each and every one presents reasoned argument, unlike the guy who was posting back to me.

The only post of mine on this thread which MIGHT be considered "Acid" is

We're a little touchy about our 1 billion 80 cent shares, aren't we?

which was in response to

SIRI's at 80 cents now as I've been calling it so take that up your wise ass BeeAch!

Go bitch at him.