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

To: country bob who wrote (712)	11/28/2003 10:54:06 AM
From: ALTERN8	Read Replies (2) \| Respond to of 8420

cb, I've just had it with the other guy. Put him on ignore and now I don't have to bother anymore. I've been making more money on SIRI than I've ever made before, all the while he's been bashing SIRI as much as possible. Granted he may have some good points, the market is not reacting to most it. Good luck to you and remember it's all about timing. SIRI+.06

To: country bob who wrote (712)	11/29/2003 7:41:17 PM
From: i-node	Read Replies (1) \| Respond to of 8420

I was just stating my take on the matter! I find it is difficult for many current SIRI shareholders to tolerate ANY analysis of the company that doesn't comport with their long positions. SIRI still has a couple of years to go before it is profitable and is going to have to spend some cash to get there. Dilution has been it's way of raising cash so far, so I see no reason for them to start floating loans now! The problem is they won't be ABLE to get loans without warrants after mid-year next year; this was made clear by S&P a few weeks ago. I'm not quite as pessimistic as David I admit to being exceptionally down on SIRI -- almost as down on SIRI as I am up on XMSR <g>... The real difference is in the two company's respective managements. I am hard-pressed to point to anything XM has done that could be classified as a "mistake"; meanwhile, I very little that SIRI's management has done that I concur with. The reason I don't short stocks is because I don't use margin. The combination of another 9/11 and a margin call could break me and I'm too old to start over. I had a ton on margin on 9/11 as well. And it was devastating. Luckily, over the course of the last year I'm up 2833% on my XM investment which puts me substantially ahead of where I was in my "gambling" account on 9/11 (this, using about the most extreme leverage you can imagine). But you don't find an XM every day or every year. I don't rule out the possibility SIRI can recover. But they simply HAVE to get rid of Clayton, and the longer they wait the longer it is going to be before SIRI can begin to recover. I think the Pamela Anderson deal speaks volumes. While XM is carefully measuring the cost of every subscriber, it is clear nobody at SIRI thought, "Well, Pam is going to cost us $X, but will bring in Y-thousand subs, so she's worth it". I'd wager that giving away $2,000,000 isn't going to bring in ONE additional subscriber. And I question the usefulness of these sports broadcasts; while many people love sports, I'm not sure that many will be listening to NBA games during their daily commutes. The entire policy just seems totally uncoordinated to me.