SIRI buy/sell/hold

[sharp1313]

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?

[deepinwonder]

I don't trust this one, they aren't making profits and Howard Stern and Martha Stewart are seeing diminished interest from the public.

[Kevin Wong]

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.

[deepinwonder]

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.

[Will]

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.

[axb8000]

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.

[helk]

I like the long-term appeal of this stock, but right now I'd say it's a hold.

[optimus25]

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.

[indigo]

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 I’d say this stock is dead in the water post Howard Stern. Staying long term with SIRI is like staying long term with Napster, it’s a disaster waiting to happen. Of course that’s my humble opinion.

[optimus25]

Indigo,

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.