View Full Version : SIRI buy/sell/hold
08-08-2005, 10:06 AM
Really getting frustrated with siri, bought it at 7.00 its at about 6.75. should i buy more, sell or hold on to it?
08-08-2005, 12:10 PM
I don't trust this one, they aren't making profits and Howard Stern and Martha Stewart are seeing diminished interest from the public.
08-08-2005, 01:55 PM
I bought at $2.75, sold half around $9.00, just sold the other half last week at $6.86. I think Sirius might have a comeback, but it won't be soon. I've had a good run with the stock and will probably buy again if it comes down to $6.00, of course things could change that might affect my decision.
I think you might have came in a little late on this one. XM should be doing a little better for the next few months.
08-08-2005, 02:50 PM
I noticed in the news this morning that XMSR is going to do a shelf offering of stock, so that might inhibit an upward swing, temporarily. Not sure, but something to consider. We bought XM at $18 and rang the register around $31. Didn't look back, but do enjoy our subscription. I wouldn't mind having SIRI during football season, but not so sure about the stock in the short term.
short term, it may be sketchy, but long-term, it will do alright. With Mel Karmazin at the helm they should turn a profit before too long. Worst case scenario: they get bought out by someone else which still means money for you. I love sirius radio and I personally will never go back to terrestrial radio.
08-08-2005, 06:12 PM
yea it's stock in the short term doesn't look so good, even Cramer talked about it being in "sleep mode" or something. Not very reassuring. I'd take that as a hold.
I like the long-term appeal of this stock, but right now I'd say it's a hold.
08-24-2005, 11:31 AM
Fundamentals look terrible for this stock so all the price action is based on increasing subscriber base. I agree that Howard Stern will probably increase subsribers.
At the $4-5 range I felt that it was a buy. At the recent price I think its a hold.
I have XM Satellite Radio on my Accord and I love it. I'm still making a decision on the stock.
08-24-2005, 11:53 AM
Have any of you actually used a SIRI product? If not, let me tell you the reception is spotty for cars and radios. I think there's no long term potential for this product like Tivo. Maybe by some twist SIRI is bought otherwise Iâ€™d say this stock is dead in the water post Howard Stern. Staying long term with SIRI is like staying long term with Napster, itâ€™s a disaster waiting to happen. Of course thatâ€™s my humble opinion.
08-24-2005, 01:15 PM
Actually their prospect is better than you think. They have contracts with a number of car makers. I know that the BMW offers Sirius Satellite service on their new vehicles. If you look at the demographics of people buying BMW's you'll know intuitively that they have more descretionary income to spend on services such as Satellite Radio. I know that service can get spotty because its the same for XM but for some it may be worth it if you hate listening to advertisements with traditional radios.
Like I said in my earlier posts, the fundamentals don't look too good. SIRI has too much outstanding stock. But if their subscriber base increases in the next couple of years, they offer more content (more sports channels), and they finally see some profit we'll see both XMSR & SIRI make some solid moves to the upside.
08-24-2005, 01:37 PM
I honestly cannot imagine anyone hanging their hat on Howard Stern or Martha Stewart, anymore, and if Stern tries to keep up the dirty old man act he had on cable tv, families are going to cancel their subscription to SIRI and use XM. Something to consider. I wouldn't listen to him, he's a jerk.
08-30-2005, 08:33 PM
Cramer is bullish on SIRI & XMSR. Wasn't Cramer bearish on SIRI last week? Please tell me if I'm wrong.
08-30-2005, 09:16 PM
^ He was because Sirius is way behind XM technology wise. Recently though that gap has slimmed because SIRI has announced portable "ipodish" music players. Also the coming Stern craze might be interesting him.
Personally I think the new players look more stylish that XM's bulkier models but have serious disadvatages. Like they don't stream radio when undocked like XM's and are far too expensive. XM still seems superior technology wise right now.
08-30-2005, 11:54 PM
I guess I need to do more research on these companies. I would imagine trading to the upside with the NFL season and Howard Stern coming aboard.
08-31-2005, 07:20 PM
Sirius is a goos stock to get in on right now. It's up quite a bit in the last few weeks on the news of their new technologies. I do my homework on this stock and have a large position in it. I think it is going to pop big time when Stern comes on.
Fundamentals. Well, they aren't turning a profit yet. So, it won't look good, but when you run the numbers and see where they're headed, you can see that this stock is probably a good investment as well as a trade.
I'm not dissing XMSR. It's a good company too, but I think Cramer and lots of other people are telling you to play XMSR and they're doing that based on its number of subscribers its narrowing technology lead and maybe some fundamentals like loss per share, but not it's growth rate is lower at this point.
You don't have to like Howard Stern (I thought he was over 10 years ago) to realize that he's going to increase subs and, if you check the news lately, he's going to increase earnings because of the ad rates they are charging for him.
09-01-2005, 07:07 AM
Cramer finally gave Siri the bull sign., he has changed his mind in the last month that is why I do not miss a day of cramer, even if I fast forward the stuff I do not need I always try to at least listen to my stocks.
Did anyone hear Martha stewart is going to siri? Okay what does that mean., she is starting a new show on tv but what does that have to do w/ radio? any ideas.?
I'm going for more siri I really do not see this going down to 1.00 like most 6.00 stocks, but I'm not sure if it will go to 10.00 either, one can hope
09-01-2005, 12:31 PM
I thought satellite radio didn't have ads! I don't really listen to it, my husband keeps it with him at all times.
(Wouldn't pick up XMSR, again, unless it dipped under $30 and I doubt that would happen anytime soon. They need more profits to make it worth it, as high as it is, I think.)
09-01-2005, 12:50 PM
On second thought... people could get news on their satellite radios, if they are in storm areas where the power is out and no radio broadcasts are being transmitted locally. Maybe I will change my mind about these stocks and also re-consider global positioning. :)
09-01-2005, 06:20 PM
ki klempa, Martha Stewart will have a "Martha Stewart Living" show on Sirius much liker domestic homemaker TV show. I'm not quite sure how popular it'll be but Martha has some serious buzz now.
Off topic: I wonder if her Apprentice will be any good?
09-01-2005, 07:18 PM
I think her radio show sounds more interesting than the tv show, but I don't watch reality shows like a lot of people do. They are pretty popular.
Also wonder if she is going to do the "you're fired" routine that Trump did. She didn't have the greatest reputation in the past, regarding treatment of her employees. Don't know if it was true, but it was widely talked about. They'll probably come out with a kinder, gentler Martha and that would be a good thing. :wink:
09-03-2005, 10:04 AM
Yea, they say Stewart's gonna be much "softer" on the candidates than Trump has been, which I guess fits with the reputation she's trying to build.
For SIRI, analysts have upgraded Sirius, so I plan on keeping it. But we probably will have to wait a few months atleast to see some real profits
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