Sirius Satellite Radio

[savage1]

I know this is a sport forum and not one for stocks.
However, yesterday I purchased shares in above company(symbol siri) after doing some research.
I purchased it for $.89;today already it is up $.28, a huge gain on a percentage basis with 87 million shares traded.
This company is into sending multi stations of music and yes even sports over the airwaves to the computer, cars, etc. for a monthly service charge.
People think it might go a lot higher.
Do your own research if you are interested as you would do in any event;stock is speculative.
For record I only purchased 5000 shares;judging by today's action, I should have bought a lot more;hindsight is easy though.
I might add that if you sign up at www.ragingbull.com you can read messages on the forum about this company and about any others for that matter.

[Baseball_Nut]

thanks Savage

I think i will throw a few pennies into it

[NeedWinners]

Don't be fooled

Sirius will never survive as a company. I have used them both and XM is a much better product (I have had XM for almost a year now) XMSR is trading at 11.37 ^1.67 today. I bought it at 6.75 about four weeks ago and it looks to double soon, get in before it's trading at around 30. Best of luck and if you can sell SIRI and buy XMSR!

[savage1]

NeedWinners-you could be right about future.
However with 136 millions shares of stock trading today(granted its a penny stock but still that volume is nothing to be brushed aside), isn't is at least possible that someone knows more than you ? Also did you ever consider fact that your xmsr, which is the leader in the field, could acquie siri?
You may have had good luck with xmsr and YOU may deem their product better at this point, but isn't it possible that two companies can survive longterm in the same industry?
Its too early to write off anyone in this relatively new industry.
Good luck with your XMSR, as it is a very good company.

[shanks]

I wouldn't invest anything in this company, Look at who drives their car in nascar!! Jimmy "My family are a bunch of crooks" Spencer. They steal shit around here, They got caught staeling car parts!! HA HA, I think they also stole some twinkies and crimpets for that fat fuck!!!

[BettorsChat]

Satellite radio stocks rise


NEW YORK, May 6 (Reuters) - Shares of XM Satellite Radio Holdings Inc. on and Sirius Satellite Radio Inc. rose sharply on Tuesday, fueled by XM's pact with Wal-Mart, the world's largest retailer, and optimistic comments from a Wall Street analyst.

Both companies are looking for a catalyst for growth of the satellite radio market, with each struggling to remain viable and losing money as they try to attract subscribers.

XM's stock rose about 20 percent after saying its line of portable satellite receivers will be sold at Wal-Mart Stores Inc.. Wal-Mart will sell the Delphi XM SKYFi system, made in tandem with automotive-parts maker Delphi Corp.

The line features a pocket-sized device that allows listeners to tune in to the broadcaster's service using a home stereo or as part of a portable "boombox." Introduced in September, the radio receiver sells for around $130, and a kit that connects it to a home or car stereo goes for about $70.

While they already sell at other major stores, such as Best Buy and Sears, the line could gain momentum at Wal-Mart, which has 2,100 stores, many in rural areas where fewer radio stations are available.

Satellite radio offers scores of diverse music, talk and news channels, some of which are commercial free, for a monthly fee of $10 to $13. The devices typically are installed in autos either at the factory or local dealers.

XM shares on Tuesday climbed to $11.63, its highest level since May 2002. In afternoon dealings, the stock traded at $11.44, up $1.74, on volume of 14.3 million, twice its daily average.

Rival satellite radio provider Sirius Satellite Radio Inc. also gained on Nasdaq, with its stock up 33 percent, or 30 cents at $1.20. Its volume topped 117 million, making it the most active issue on Nasdaq.

Sirius shares got a boost after Sanders Morris Harris analyst Steve Mather upgraded the stock to "buy" from "sell," citing improved sales at retail locations and the prospect that installing the devices in cars will become simpler and cheaper.

However, he said that Sirius needs to reflect its operating success in its financial results. In the 2002 fourth quarter posted a loss of $134 million on revenues of only $9 million.

"The auto manufacturer line is weak, and XM is handily beating Sirius at the retail outlets," he wrote in a note to clients. "The potential is there -- execution is key."

Mather also noted that in these early stages of the market, both players have room for significant growth. However, a turnaround at Sirius could threaten the outlook for XM's market share.

In April, XM said it had signed up more than 500,000 subscribers to its satellite radio broadcast system, and has pledged to reach 1 million during 2003. Sirius, which launched its service a year after XM, ended 2002 with just short of 30,000 users. It hopes to reach 300,000 by the end of 2003.

05/06/03 16:02 ET

[BettorsChat]

Sirius has 911,667,000 shares outstanding 30 day average trade volume is 41,155,000 and today it traded at 136,422,270 roughly about 3 times normal volume.

symbol siri
current price 1.21 up .31
Market Value 1,102,205,403

XM Satelitte has 91,358,000 shares outstanding 30 day average trade volume is 7,598,000 and today it traded at 16,834,778 roughly 2 times normal volume.

symbol xmsr
current price 11.39 up 1.69
market value 1,040,567,620

Sirius only has 30,000 subscribers while XM has 500,000 so it looks to me that SIRI is too high. It has way more shares out there too and yet has a same market cap as a company with 470,000 more users. XMSR would be more poised to eventually split shares since the amount outstanding isn't nearly as high.

[4breakout]

Have fun TRADING it while you can, ultimately it WILL file for bankruptcy.

[savage1]

Bettorschat-Thanks for posting that great article.
Breakout-I am not married to the stock(any more than I would be betting a team if it starts losing) , but if Siri files for bankruptcy, don't be so sure that xmsr and the industry as a whole won't fizzle also.
I am not going to hold this stock forever but at least in short term it seems ok, and lets face it, this stock is made up of gamblers;thus I thought it was and maybe still is a good point for a short term gain.

[Baseball_Nut]

savage

thanks for posting

i buy and sell everyday

appreciate trying to help us


4breakout - - - are you playing the late NBA game?

[4breakout]

Small play on the Mavs
I have also been following JB Sports who has been money coatailed his under in the sixers game.

re siri
I was just saying it is volatile with tones of volume, ie easy to trade. just make sure you have a seat when the music stops.....

[savage1]

Breakout-If there is a surge tomorrow, I might even unload it and take my profit.
I got too greedy during internet bubble and learned my lesson.

[4breakout]

it was a learning experience for all of us

siri is up because of xm. xm may survive if it can get a secondary done, which it will use to buy back some of its bonds. Siri can't get a secondary done and its debt is like 6-7 times its cash/st investments and they bleed cash....basically its a gonner....so make as much as you can and bail.

[chalkeater]

i'd sell and take the profit! news like today will send it up but profit taking will drive it back down a bit. you could make a nice amount by taking your profit now and then buying more back after the hype dies...

[savage1]

I have to admit that amount of debt they have is staggering.