SIRI - Sirus Satellite Radio

SHIFTY101EASY said: "what do you think of this stock? i can afford a fair amount of it since its only 6 something a share and i know satellite radio is becoming more popular...what do you think?"

AlfredSokol said: "Personally I think SIRI is bullcrap. The money spends way too much money and they still haven't made a profit. I'd be inclined to invest in them AFTER they have positive net earnings."

SHIFTY101EASY said: "okay...well any other idea for a first stock to buy? i only want a few shares...im not really in it to make money the first time...just wanna try it out for the first time and just hopefully not lose money. im looking for stocks under 10 bucks a share, around 5 a share is what im really interested in at the moment.... any ideas?"

SHIFTY101EASY said: "that BMD? what do you think? any good? looks cheap, and like its going up to me...??"

AlfredSokol said: "Take a look [url=http://finance.yahoo.com/q?s=HRAY]HRAY[/url] This is China's most profitable company (They sell Ringtones and other mobile products)."

SHIFTY101EASY said: "okay, i think im gonna watch it for a day or two and see if it goes down any more...its down 13 cents i think...try and get it cheaper and then buy... do you own any of this stuff?? got anymore suggestions? its no big deal if they dont turn out, just throw some out there... ive been looking at "discount" airlines, like Jet Blue and AmericaWest but i dont know about them....sorta scary..."

AlfredSokol said: "I'm definitely think about HRAY, but wait until earnings on Monday. I'm looking through some right now that might be worth a look. But some of these "bargains" need to be resisted because the companies suck."

sp0om said: "DISCLAIMER: I want to make it extremely clear that this is not a recommendation to buy or sell anything. Do your own research and consult a professional before making any investing decisions. This post should not be construed as professional advice. This is merely how I see the stock. There is some pretty clear resistance at 7 dollars, and the price line seems to be dipping outside of its price channel. [IMG]http://img.photobucket.com/albums/v231/secretshadowninja/siri8.png[/IMG] DISCLAIMER: I want to make it extremely clear that this is not a recommendation to buy or sell anything. Do your own research and consult a professional before making any investing decisions. This post should not be construed as professional advice."

HappyHarry said: "The chart looks a confirmed downtrend to me."

SHIFTY101EASY said: "yeah, and no worries, i wouldnt hold you responsible ever! (unless i made money of course, but then i dont think you'd mind, eh?)"

mascas said: "Looks like its going a little flat and most likely to a downtrend."

LanceJ said: "[QUOTE=SHIFTY101EASY]what do you think of this stock? i can afford a fair amount of it since its only 6 something a share and i know satellite radio is becoming more popular...what do you think?[/QUOTE] My opinion is you are a little late to the game. What I mean by that is this stock has already run up from about $4.50 in May, so in the last 3 months, this stock has been in an upward trend. As others have commented on, the upward trend it was in has stopped, and it may be entering a downward trend. The idea here is to buy LOW sell HIGH... chasing a stock when it has already gone up over 40% in the last 3 months is probably not wise. You brought up also the fact that satellite radio is getting more popular, so you are looking at the industry as a whole, good for you. Also, if we are looking at the industry as a whole, we want to look at other players like XMSR - XM SATELLITE RADIO. XMSR is the "Amazon.com" of satellite radio. This competitor of SIRI is clearly the stronger of the two.... notice both have been pulling back... we may be witnessing a little "sector rotation" out of the satellite radios at the moment....or simply profit taking as this sector has had a big runup over the last several months. You want to trade WITH the tide, not AGAINST. If you like satellite radio, and think that this is only the beginning of an exciting new industry that will permeate it's way into many more facets of our daily life... don't get discouraged. Slap these two companies up on your watch list. When the downward trend ends, when these companies report next quarter earnings and things look a little better, try to buy low and ride the next upward trend. @HRAY Talk about riding an el torro... trying to tame this baby at the moment by be a bit too difficult for anything less than an expert rider...what is troubling is that the 50 day MA has become a resistance zone... with the price breaking below the 50 day MA the first week in August... this is typically a bearish indicator. Worse, a larger downward trend this company is in, and has been since the end of June, with each high peak lower than the previous...Worse the stock has also broke its 200 day MA. The price/sales indicator is also a bit high at 3.8... so you are paying alot for each sale... that is sales are not priced cheaply....The industry average is 2.2 (the lower the better, under 1 is EXCELLENT) The price/earnings looks good, but earnings are easier to fudge than price/sales... so with the downward trend, the crossover of both the 50 day and 200 day MAs... I don't see price/earnings being more important. Also, we have an earnings announcement coming out Monday, August 14th, 2005. Earnings announcements are BBE (Big Bad Events)... a BBE being anything that has the potential to move the stock big time up or down. In my experience, I have found it is usually better to what until AFTER the earnings announcement to buy. If the earnings are great, there could be profit taking "sell on the good news" taking place.... if earnings are bad, there could be "dump this stock" taking place... and finally, if earnings are just right, the stock could soar. Statistically speaking then, 2/3rds are bad, while 1/3rd is good... very few investors are experts at playing earnings announcements to their advantage on a consistant basis and hitting that 1/3rd time and time again. I suck at it and so I gave up on it long ago and simply never BUY on the eve of a BBE (but will often SELL on a BBE to take my profit). If the stock is good enough to buy yesterday, it's good enough to buy tomorrow. I would wait until after they report their earnings before buying into a downward trend. What we are looking for here is evidence of a bottom... that it won't break its $8.97 support and head lower to its $8 support of March 05. Keep in mind also that HRAY's Q1 earnings per share were $0.31, but for Q2, the earnings per share estimate is now $0.25... I believe this is already priced into the stock and partly why the stock has been performing poorly over the last few months. So again, bringing new money into this right now is probably not the best of timing. If we have an earnings surprise of -$0.01 to 0.24, we could see the previous $8 support level tested... I recommend re-evaluating investing in HRAY anywhere from 1 hour - 3 days after the earnings announcement Monday to see if the current downward trend will continue, or end."

lucifer89 said: "hi, i am new to this type of internet forum. base on the discussion, I think that u guys are very knowledgable and very easy to understand(not like some of those internet analys). I am a newbie at trading stocks and i am going to whip out my own recommendation anyway :D . I think Nortel(NT) is a serious consideration. The company is likely to stop their loss this year and i have seen a nice uptrend for the last 2 weeks. I would not be surprise if NT reach $5 by the end of this year(but keep in mind, i am just a newbie). i also have a question for lancej or anyone who knows this matter, i normally use yahoo or msn for my stock news and other data, but do u guys have any other web sites that r better? Lancej, the 50days MA that u talked about, i couldnt find it on yahoo or msn, so i am just wondering if u have any better sites for me to get my data from. Thx in advance..."

HappyHarry said: "Welcome Lucifer89, That's a really good analysis by Lance. The only reason people always mention SIRI is because of the share price. Since there's a duopoly, people are making the assumption that buying more stock of SIRI is better than buying less shares of XM. However, almost everyone needs to understand that XM is the better company of the two, and merits a premium. Of course you have to wait until AFTER earnings are announced. Generally you won't see a company take off like a skyrocket just because they had great earnings. Usually they tumble a bit on earnings day. I think the comments about sector rotation are definitely worth considering. Find out where the "big money is going next" and try to get there with them."

sp0om said: "[quote]The only reason people always mention SIRI is because of the share price. Since there's a duopoly, people are making the assumption that buying more stock of SIRI is better than buying less shares of XM.[/quote] I agree 100 million percent."

LanceJ said: "[QUOTE]i also have a question for lancej or anyone who knows this matter, i normally use yahoo or msn for my stock news and other data, but do u guys have any other web sites that r better? Lancej, the 50days MA that u talked about, i couldnt find it on yahoo or msn, so i am just wondering if u have any better sites for me to get my data from. Thx in advance...[/QUOTE] Welcome mate... yes, Yahoo is fine. Let's use your NT. Go into Yahoo Finance, and pull up the chart on NT. Now click on "Technical Analysis", then on the next screen click next to Moving Avg: click on both 50, wait a few seconds, then click on 200. Scroll the screen down and you'll now see 3 lines... NT price, 50 day MA, and 200 day MA. Now notice how the price has broken above both the 50 day and 200 day MA. This is typically a bullish indicator, but we will be really convinced when the 50 day MA crosses over the 200 day MA. I like NT right now and think if you bought some now, you would be making a good move. I think we are going to see it blow through its current resistance of $3.52. I think you are correct in your prediction that NT is headed into a nice upward trend, great pick mate! :cool:"

sp0om said: "Yahoo! Finance's charts are great, and [U]super[/U] manipulatable. Check this out: [url]http://ichart.finance.yahoo.com/z?s=NT&t=1y&q=l&l=on&z=m&p=e11,e22,e33,e44&a=vm,m26-12-9,w14,p12,f14,r14,ss,fs[/url] (custom non-round MAs, and double the indicators in one chart)"