Sirius stock , a good purchase ?? [Archive]

John A. Weeks III

02-10-2005, 02:18 AM

In article <7ypod.23$zm4.17@trndny02>, Mich <Mich8hb@netscape.net>
wrote:

> I'm thinking about buying $2000.00 worth of stock in the next day or two
> any opinions ?????

Both XM and Sirius would be in the category of "highly speculative".
Every portfolio should have a little stock from this category,
but make sure that it is less than 5% of your overall portfolio,
and you are funding your retirement funds before getting into high
risk stocks. Overall, I think you would be much better off putting
the $2000 into an agressive growth fun if you want to take a some
risk on stocks. The diversification of the fund makes it less risky
than any single stock.

-john-

--
====================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
====================================================================

Truth

02-10-2005, 02:18 AM

> I'm thinking about buying $2000.00 worth of stock in the next day or two
> any opinions ?????

It takes money to make money. $2000 worth of stock is not enough to waste
your time with.

If you bought a million dollars worth, then if it went up a dollar, you could
make a million dollars real easy.

Stocks are for rich people so they can get richer.

But people playing with only $2000 are wasting their time. If the
millionaire loses money on stocks, he doesn't even feel it. If you lose
your $2000, I am sure you can think of lots of things you wish you could have
used it for instead of gambling it away.

Mich

02-10-2005, 02:18 AM

"Mich" <Mich8hb@netscape.net> wrote in message
news:7ypod.23$zm4.17@trndny02...
> I'm thinking about buying $2000.00 worth of stock in the next day or two
> any opinions ?????
>
>

$2000.00 would be all my investment money..
I was hoping to double it and get out
looks like it is going up.

John A. Weeks III

02-10-2005, 02:18 AM

In article <kirod.6538$8o.3361@trndny08>, Mich <Mich8hb@netscape.net>
wrote:

> "Mich" <Mich8hb@netscape.net> wrote in message
> news:7ypod.23$zm4.17@trndny02...
> > I'm thinking about buying $2000.00 worth of stock in the next day or two
> > any opinions ?????
> >
> >
>
> $2000.00 would be all my investment money..
> I was hoping to double it and get out
> looks like it is going up.

In general, Wall Street is an insider's game. Those in the know
or those who have the info first make the money. In general, by
the time you hear a tip, your purpose is to make it possible for
the early birds to take a profit.

You are free to do whatever you like with your money, but unless
you work, breathe, and live Wall Street, you should probably be
an investor rather than a speculator. An investor makes sure that
they have a good retirement plan in place, and then invests other
money for the long term in a mix of well diversified stocks,
normally in the form of a mutual fund or exchagne traded fund.

-john-

--
====================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
====================================================================

Bonehenge

02-10-2005, 02:18 AM

Truth

02-10-2005, 02:18 AM

> >> I'm thinking about buying $2000.00 worth of stock in the next day or two
> >> any opinions ?????
> >
> >It takes money to make money. $2000 worth of stock is not enough to waste
> >your time with.
>
> $2k of Microsoft stock in 1989 would have been more than worthwhile.

Some people may not even be alive in 15 years from now, or young enough to be able
to enjoy the money anyway.

And you have to hope that in 15 years, there are no bad news stories about the
company, it goes bankrupt, or the stock falls, etc etc etc etc etc.

Go to Las Vegas, put the $2000 on red or black of the roulette wheel and you know
right away if the money is going to pay off or not, don't need to wait 15 years to
find out you might have lost it all.

Most stock does not belong to once in a lifetime companies like Microsoft either.

Still, the government almost put them under, and would have, if Gates didn't go
along with their "secret" agreement, so all that stock could have been worthless,
and it could go down tomorrow too.

Fuck stock!

Unless you have a gambling addiction, then go right ahead, don't let me stop you.

Bonehenge

02-10-2005, 02:18 AM

On Mon, 22 Nov 2004 21:31:52 GMT, Truth <yenc@sucks.com> wrote:

>> >> I'm thinking about buying $2000.00 worth of stock in the next day or two
>> >> any opinions ?????
>> >
>> >It takes money to make money. $2000 worth of stock is not enough to waste
>> >your time with.
>>
>> $2k of Microsoft stock in 1989 would have been more than worthwhile.
>
>Some people may not even be alive in 15 years from now, or young enough to be able
>to enjoy the money anyway.

Not much understanding of investing, eh? <G>

Barry

Mich

02-10-2005, 02:18 AM

Thanks for the advice so far
But there is one thing that really haunts me....

here it is
I had the opportunity to invest in Red Hat when it IPO'd
and I passed that up
I know it ain't worth much now but , I did have the chance to buy under
$30.00 and it went to around $180.00
The plan was to sell at $80.00

I still kick myself

"Mich" <Mich8hb@netscape.net> wrote in message
news:7ypod.23$zm4.17@trndny02...
> I'm thinking about buying $2000.00 worth of stock in the next day or two
> any opinions ?????
>
>

John A. Weeks III

02-10-2005, 02:18 AM

In article <NJuod.4261$5v1.2376@trnddc06>, Mich <Mich8hb@netscape.net>
wrote:

> Thanks for the advice so far
> But there is one thing that really haunts me....
>
> here it is
> I had the opportunity to invest in Red Hat when it IPO'd
> and I passed that up
> I know it ain't worth much now but , I did have the chance to buy under
> $30.00 and it went to around $180.00
> The plan was to sell at $80.00
>
> I still kick myself

So does everyone else who stuck with RedHat. It has been stuck
in a trading range between 11 and 13 for the better part of 3 years.
There is nothing like a 60% loss and no recovery in sight.

-john-

--
====================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
====================================================================

D Ray

02-10-2005, 02:18 AM

>
> It takes money to make money. $2000 worth of stock is not enough to waste
> your time with.

Totally disagree. You can start with any amount of money.

I wouldn't put it on Sirius though. Sirius is totally overblown on
hype right now, and will be coming back down when the hype goes away.
If you want in Sirius, get in when it drops back to $3.

XM is a much better investment.

Interesting fact: As of today, both companies had about the same
market caps (i.e., value placed on them by the markets -- around $7
bln). Yet:

- XM has 80% of the satellite radio market;
- XM has at least 1 year advantage in hardware technology;
- XM has a substantial advantage in software technology;
- XM is fully funded to cash flow breakeven, which should occur in
just over a year; Sirius is years away (probably late '07/early '08);
- XM has much stronger deals with auto companies;
- The list could go on all night.

It just makes a ton more sense to take you're $2,000 and buy 57 shares
of XM than it does to buy 350 shares of Sirius. A couple years down
the road you will have doubled your money. With Sirius, you might.
Or you might now.

If you can't afford to take a loss, best to avoid both stocks and go
for a good mutual fund.

Mark

02-10-2005, 02:18 AM

On Mon, 22 Nov 2004 19:29:47 GMT, Truth <yenc@sucks.com> wrote:

>> I'm thinking about buying $2000.00 worth of stock in the next day or two
>> any opinions ?????
>
>It takes money to make money. $2000 worth of stock is not enough to waste
>your time with.
>
>If you bought a million dollars worth, then if it went up a dollar, you could
>make a million dollars real easy.
>
>Stocks are for rich people so they can get richer.

So, if he invested his $2K at $5/share and it went to $10 (very realistic)
over the next year, you'd say he wasted his time by making $2K and exercising
zero effort ?

Twisted logic......

Truth

02-10-2005, 02:18 AM

> I wouldn't put it on Sirius though. Sirius is totally overblown on
> hype right now, and will be coming back down when the hype goes away.
> If you want in Sirius, get in when it drops back to $3.

Why not wait until it drops under $1 and make even more money via that theory?

> XM is a much better investment.

So far it is, yes. I would wait until after Christmas before making a choice.

> - XM has 80% of the satellite radio market;
> - XM has at least 1 year advantage in hardware technology;
> - XM has a substantial advantage in software technology;
> - XM is fully funded to cash flow breakeven, which should occur in
> just over a year; Sirius is years away (probably late '07/early '08);
> - XM has much stronger deals with auto companies;
> - The list could go on all night.

Your right.

> It just makes a ton more sense to take you're $2,000 and buy 57 shares
> of XM than it does to buy 350 shares of Sirius. A couple years down
> the road you will have doubled your money.

Stock is gambling. Rich people can go to Vegas and win lots of money sometimes
because they have lots of money to bet with and throw away, and if they lose a few
thousands, they just laugh it off.

The type of person that is hoping to make money with a mear $2000 by playing the
"Stock machines" is many times someone who will not be able to laugh so hard if
they lose that $2000. Or only make a few hundred with it that they have to now
pay taxes on and fill out extra forms for on tax day. The grief and hassle is
not worth the pennies you gain for all the time you waste.

$2000 can buy something really nice that can double in value in a year or two, and
you can be guaranteed will never go down in value. In the meantime, you can
enjoy it.

> If you can't afford to take a loss, best to avoid both stocks and go
> for a good mutual fund.

Or avoid Stocks altogether.
Unless you like gambling and find the risk of losing your money to be "fun"

John A. Weeks III

02-10-2005, 02:18 AM

In article <v7n6q0d9ovl2q66ccmkhv1dd9okne1eqe5@4ax.com>, Mark
<me@privacy.net> wrote:

> On Mon, 22 Nov 2004 19:29:47 GMT, Truth <yenc@sucks.com> wrote:
>
> >> I'm thinking about buying $2000.00 worth of stock in the next day or two
> >> any opinions ?????
> >
> >It takes money to make money. $2000 worth of stock is not enough to waste
> >your time with.
> >
> >If you bought a million dollars worth, then if it went up a dollar, you could
> >make a million dollars real easy.
> >
> >Stocks are for rich people so they can get richer.

Not true. Rick folks put their money in safe investments like
government paper and tax-free muni bonds. The idea is that you
don't want to risk being poor, so you need something garanteed.
You also need cash to live, which means the income from bonds,
yet you don't want to pay tax on that income like the little
people do.

Stocks are for two classes of people...those who want long term
growth and are will to wait for it, and those who want to play
Las Vegas with the market.

-john-

--
====================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
====================================================================

bobino@sonic.net

02-10-2005, 02:18 AM

John A. Weeks III <john@johnweeks.com> wrote:
> Stocks are for two classes of people...those who want long term
> growth and are will to wait for it, and those who want to play
> Las Vegas with the market.

This doesn't mention that most stock is owned by institutions: pension
funds, mutual funds, etc. They are working with huge sums of money
(relative to virtually any individual investor), can take risks and
overcome losses that would destroy most individuals ability to keep
investing. Most people are far better off investing in mutual funds,
even for speculative investments.

-Bob

John A. Weeks III

02-10-2005, 02:18 AM

In article <YEMod.7241$_3.88865@typhoon.sonic.net>, <bobino@sonic.net>
wrote:

> John A. Weeks III <john@johnweeks.com> wrote:
> > Stocks are for two classes of people...those who want long term
> > growth and are will to wait for it, and those who want to play
> > Las Vegas with the market.
>
> This doesn't mention that most stock is owned by institutions: pension
> funds, mutual funds, etc. They are working with huge sums of money
> (relative to virtually any individual investor), can take risks and
> overcome losses that would destroy most individuals ability to keep
> investing. Most people are far better off investing in mutual funds,
> even for speculative investments.

Exactly...a pension fund is a long term growth mechanism for
people with time to wait for that growth. A mutual fund is
just a basket of stocks, it is just more convenient to buy and
sell than that basket of stocks.

-john-

--
====================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
====================================================================

Mich

02-10-2005, 02:18 AM

Well the Sharebuilder account is funded
I will buy tomorrow
Have you been watching it ??
I could be up Hundreds already !!!!!

Mich

"Mich" <Mich8hb@netscape.net> wrote in message
news:7ypod.23$zm4.17@trndny02...
> I'm thinking about buying $2000.00 worth of stock in the next day or two
> any opinions ?????
>
>

Mich

02-10-2005, 02:18 AM

Bob Haberkost

02-10-2005, 02:18 AM

"John A. Weeks III" <john@johnweeks.com> wrote in message
news:221120041236008427%john@johnweeks.com...
> In article <7ypod.23$zm4.17@trndny02>, Mich <Mich8hb@netscape.net>
> wrote:
>
>> I'm thinking about buying $2000.00 worth of stock in the next day or two
>> any opinions ?????
>
> Both XM and Sirius would be in the category of "highly speculative".
> Every portfolio should have a little stock from this category,
> but make sure that it is less than 5% of your overall portfolio,
> and you are funding your retirement funds before getting into high
> risk stocks. Overall, I think you would be much better off putting
> the $2000 into an agressive growth fun if you want to take a some
> risk on stocks. The diversification of the fund makes it less risky
> than any single stock.

Generally good advice, but I would caution anyone on buying just one issue, unless
the money to be invested is considered disposable, like gambling funds. Once you
start playing the market with the expectation that you're going to make a profit, it
puts a whole lot of additional concerns on the table.

The byword is...do the research.
--
-----------------------------------------------------------------------------
If there's nothing that offends you in your community, then you know you're not
living in a free society.
Kim Campbell - ex-Prime Minister of Canada - 2004
-----------------------------------------------------------------------------
For direct replies, take out the contents between the hyphens. -Really!-

Bob Haberkost

02-10-2005, 02:18 AM

"Truth" <yenc@sucks.com> wrote in message news:41A23E5C.FE0A31FB@sucks.com...
>> I'm thinking about buying $2000.00 worth of stock in the next day or two
>> any opinions ?????

> It takes money to make money. $2000 worth of stock is not enough to waste
> your time with.

> If you bought a million dollars worth, then if it went up a dollar, you could
> make a million dollars real easy.

This is too easy. If you bought a million dollars worth of Sirius stock today (which
closed at $6.71/share), you'd have (ignoring commissions or other charges) 149,031
shares. So if it went up a dollar (mind you, this week's been a good week. Usually
it's taken about two months to go up a dollar) you'd only have about $150,000 to show
for it. Not a bad return, but consider that I bought Sirius some 18 months ago when
it was $0.67 and $0.75 a share. And I invested a lot less than $2,000. You do the
math.

> Stocks are for rich people so they can get richer.

Actually, not necessarily. But you do have to have enough money to sink into this
sort of gamble that you don't need for other things. And, regardless of the
investment, speculative through to blue chip, you have to do the research. Plenty of
people have lost as much on AT&T as I've made on Sirius in the past year. And I've
made three times as much as a similar investment in XMSR over the same period of
time.

> But people playing with only $2000 are wasting their time. If the
> millionaire loses money on stocks, he doesn't even feel it. If you lose
> your $2000, I am sure you can think of lots of things you wish you could have
> used it for instead of gambling it away.

As above. And my advice still holds.
--
-----------------------------------------------------------------------------
If there's nothing that offends you in your community, then you know you're not
living in a free society.
Kim Campbell - ex-Prime Minister of Canada - 2004
-----------------------------------------------------------------------------
For direct replies, take out the contents between the hyphens. -Really!-

D Ray

02-10-2005, 02:18 AM

>
> In general, Wall Street is an insider's game. Those in the know
> or those who have the info first make the money. In general, by
> the time you hear a tip, your purpose is to make it possible for
> the early birds to take a profit.
>

This is nonsense. It is a "game" for those who do their homework. If
you are willing to commit the time, you will not make costly mistakes.
Yet you don't need to be an insider. You just need to do your
homework.

If the guy asking the question had done his homework, he would have
known that Sirius is a huge risk while XM is not much of one at this
point.

My recommendation. Go read the 10Qs/10Ks for both companies:

http://www.xmradio.com/investor/investor_frameset.jsp?url=secfilings

and

http://www.sirius.com/servlet/ContentServer?pagename=Sirius/Page&c=Article&cid=1019912701166

When you get through, if you still have questions, read them again
until you don't have.

Mich

02-10-2005, 02:18 AM

"D Ray" <david@timecalc.com> wrote in message
news:eaf9681.0411231808.dac2e47@posting.google.com...
> >
> > In general, Wall Street is an insider's game. Those in the know
> > or those who have the info first make the money. In general, by
> > the time you hear a tip, your purpose is to make it possible for
> > the early birds to take a profit.
> >
>
> This is nonsense. It is a "game" for those who do their homework. If
> you are willing to commit the time, you will not make costly mistakes.
> Yet you don't need to be an insider. You just need to do your
> homework.
>
> If the guy asking the question had done his homework, he would have
> known that Sirius is a huge risk while XM is not much of one at this
> point.
>
> My recommendation. Go read the 10Qs/10Ks for both companies:
>
> http://www.xmradio.com/investor/investor_frameset.jsp?url=secfilings
>
> and
>
>
http://www.sirius.com/servlet/ContentServer?pagename=Sirius/Page&c=Article&cid=1019912701166
>
> When you get through, if you still have questions, read them again
> until you don't have.

Thanks for the advice but ..
how can i turn down a quick buck ?
buy------------- sell maybe a 30 day thing
I can make hundreds !!!!
what is the downside ???????????

Mich....

John A. Weeks III

02-10-2005, 02:18 AM

In article <eaf9681.0411231808.dac2e47@posting.google.com>, D Ray
<david@timecalc.com> wrote:

> >
> > In general, Wall Street is an insider's game. Those in the know
> > or those who have the info first make the money. In general, by
> > the time you hear a tip, your purpose is to make it possible for
> > the early birds to take a profit.
> >
>
> This is nonsense. It is a "game" for those who do their homework. If
> you are willing to commit the time, you will not make costly mistakes.
> Yet you don't need to be an insider. You just need to do your
> homework.

That is what I said. It is an insider's game. Anyone who
does their homework has an insider's point of view. If you
don't have a clue what you are doing, you are going to get
slaughtered.

-john-

--
====================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
====================================================================

John A. Weeks III

02-10-2005, 02:18 AM

In article <okQod.5942$hJ6.3361@trndny01>, Bob Haberkost
<cbclistener-really!-@canada.com> wrote:

> "Truth" <yenc@sucks.com> wrote in message news:41A23E5C.FE0A31FB@sucks.com...

> > It takes money to make money. $2000 worth of stock is not enough to
> > waste your time with.
>
> > If you bought a million dollars worth, then if it went up a dollar, you
> > could make a million dollars real easy.
>
> This is too easy. If you bought a million dollars worth of Sirius stock
> today (which closed at $6.71/share), you'd have (ignoring commissions or
> other charges) 149,031 shares. So if it went up a dollar you'd only have
> about $150,000 to show for it.

Apparently "yenc" understands the stock market as well as he
understands radio. Gee Wally, since XM is at $36, you would
make 6 times as much as if you bought Sirius stock at $6,
so you would have $6-million profit....

-john-

--
====================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications http://www.johnweeks.com
====================================================================

Bob Haberkost

02-10-2005, 02:18 AM

"Mich" <Mich8hb@netscape.net> wrote in message news:hHSod.8649$sX5.6037@trndny05...

> "D Ray" <david@timecalc.com> wrote in message
> news:eaf9681.0411231808.dac2e47@posting.google.com...

>> My recommendation. Go read the 10Qs/10Ks for both companies:
>>
>> http://www.xmradio.com/investor/investor_frameset.jsp?url=secfilings
>>
>> and
>>
>>
> http://www.sirius.com/servlet/ContentServer?pagename=Sirius/Page&c=Article&cid=1019912701166
>>
>> When you get through, if you still have questions, read them again
>> until you don't have.

> Thanks for the advice but ..
> how can i turn down a quick buck ?
> buy------------- sell maybe a 30 day thing
> I can make hundreds !!!!
> what is the downside ???????????

The money you make, if any, will be taxed at regular rates of withholding, since
you've not held them for a year. It could push you over your current bracket, making
for a tax liability in excess of what you've made in your speculation. Then again,
Sirius has moved so fast in these last few days, I wouldn't be surprised if you came
too late to the party. You could easily lose 1/3rd of your investment in as many
days, if it corrects to a more reasonable price. Or, you could jump on, late but
still make a bit.

The thing is, when you invest in any one stock...you could make hundreds....or lose
at least that much.
--
-----------------------------------------------------------------------------
If there's nothing that offends you in your community, then you know you're not
living in a free society.
Kim Campbell - ex-Prime Minister of Canada - 2004
-----------------------------------------------------------------------------
For direct replies, take out the contents between the hyphens. -Really!-

Bonehenge

02-10-2005, 02:18 AM

On Wed, 24 Nov 2004 02:51:57 GMT, "Mich" <Mich8hb@netscape.net> wrote:

>Thanks for the advice but ..
>how can i turn down a quick buck ?

Don't you read the email spam you get? <G>

Barry

Truth

02-10-2005, 02:18 AM

Much better than stocks,

Trade all your American money into Euros!

Dollar Sinks to New Low Against Euro

LONDON (AP) - The U.S. dollar sank to another record low against the euro in European trading
Wednesday morning.

Other dollar rates compared with late Tuesday included: 102.96 Japanese yen, up from 103.41;
1.1514 and 1.1804 Canadian dollars, up from 1.1882.

The British pound was quoted at $1.8780 up from $1.8695.

© Copyright The Associated Press.

Mich

02-10-2005, 02:18 AM

Thanks for the advice Truth, but no Euro's for me..they are to "left" for
this dork.
In the end I only lost $63.00 today...rumor is profit taking..

Mich.

"Truth" <yenc@sucks.com> wrote in message
news:41A4C93C.9A12B447@sucks.com...
> Much better than stocks,
>
> Trade all your American money into Euros!
>
>
>
> Dollar Sinks to New Low Against Euro
>
> LONDON (AP) - The U.S. dollar sank to another record low against the euro
in European trading
> Wednesday morning.
>
> Other dollar rates compared with late Tuesday included: 102.96 Japanese
yen, up from 103.41;
> 1.1514 and 1.1804 Canadian dollars, up from 1.1882.
>
> The British pound was quoted at $1.8780 up from $1.8695.
>
> © Copyright The Associated Press.
>
>