Posted by: hukka_nepali May 6, 2006
Login in to Rate this Post:
0
?
Hey thugged_out,
I really like Sirius and it is definitely undervalued! I used to own it but had to sell it few weeks ago to add more metal and ethanol stocks. I've been loooking to add SIRI back but the stock is really volatile as it goes from 4.75 - 5.00+ without any kind of news. I truly beleive in satellite radio for the future but for now it all depends on the oil and gas prices. I know cars are getting high tech and almsot all new automobile these days come with built in satellite radio (not just luxury models). So, I think something like ethanol or somehow gas prices comes down so that consumers have more money to spend and satellite radio is worth every penny. Upper class folks already have it but until you can grab the middle class and lower middle class, satellite radio will be a bit of a drawback. Nonetheless, I like Sirius for it's value right now way better than XM...so, I think if it comes anywhere close to 4.50+ range its a BUY. Thrown in about 1000 shares watch that puppy grown in 4-7 years.
BTW, you still keeping NUE? Like most metal stocks that one have had an unbelievable run too and you know it's gonna come to and end sooner or later. I'm in a dilemma on TIE since its more than doubled for me in such a short time.....ahhh greed is a thing of beauty!
How many different stock do you have in your portfolio? I recently cut my diversification from 11 to 6