Posted by: kewlio February 12, 2006
Stocks Again
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Hukka, NEVER invest in pink sheets. Companies are pink sheets when they are delisted by NYSE, etc. Furthermore, do not look at the chart. Charts are meaningless. At one point in time, Yahoo was worth $200 a share! About SIRI , I say sell it as soon as possible. Their fundamentals are completely screwed, and they pay HOWARD STERN $100 MILLION EACH YEAR FOR 5 YEARS! In other words, Howard Stern will need to bring in 8 MILLION new subscribers. The company has amassed considerable debt. XM and SIRI are both in a huge mess. Investing in Siri is okay if you're trying to invest in emerging growth markets. Most growth stocks do not make much money. Value investing seems to be a better choice for people looking really, really to the future. There is no guarantee that Siri will ever be able to challenge terrestrial radio. Why would anybody wanna subscribe to satellite radio if you can listen to radio for FREE?? That doesn't make much sense, does it. Plus, Siri will not make profit today or tomorrow. It will be somewhere far, far away in the future. This is a highly speculative move, and it's no different from investing in PENNY STOCKS. So how about investing that money in penny stocks instead? You will make more money instead. Penny stocks=speculative Growth stocks=speculative as well. Value stocks=investing. That's how I see it.
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