- Joined
- Apr 2, 2005
- Messages
- 14,042
- Reaction score
- 2,042
Wayne,
I seem to remember you saying if I saw another penny stock that looked like a lock to explode to let you know. I think I have one for you, one you may not expect, Sirius XM!
http://finance.yahoo.com/q?s=SIRI
SIRI is currently $0.137 a share, I am expecting it will go north of $1.00 in the next few months. SIRI was trading this low because of fear that they would go bankrupt. BK looks to be off the table now that Liberty Media (DirecTV parent) has injected capital and made loans, SIRI has until 2012 until the next debt is due. The stock hasn't rallied more because (IMO) the media is ignoring positive aspects of recent events or outright misrepresenting them. Don't just take my word for it, the big boys have been backing up the truck at these levels.
http://satwaves.com/t-rowe-prices-incre ... -26000.php
This is just one example. I bought in ~3 weeks ago at about ~$0.11, so I am up about 25% so far but it has been a roller coaster ride. I bought before BK was off the table, it should be off the table now so things are getting less volatile .
JMO as I see it. If you do take the plunge only invest what you can afford to lose without losing sleep as this is still a highly speculative investment. Q4 results should be released Thursday morning, it will probably be the catalyst up much higher but it could also always go lower. I don't see too much potential for crashing, but the market will do what the market will do. The downside potential is your investment amount, but the upside is unlimited. Meaning, if you invest $1,000 you could lose $1,000. Alternatively if you invest $1,000 you could make $10,000 or more.
I seem to remember you saying if I saw another penny stock that looked like a lock to explode to let you know. I think I have one for you, one you may not expect, Sirius XM!
http://finance.yahoo.com/q?s=SIRI
SIRI is currently $0.137 a share, I am expecting it will go north of $1.00 in the next few months. SIRI was trading this low because of fear that they would go bankrupt. BK looks to be off the table now that Liberty Media (DirecTV parent) has injected capital and made loans, SIRI has until 2012 until the next debt is due. The stock hasn't rallied more because (IMO) the media is ignoring positive aspects of recent events or outright misrepresenting them. Don't just take my word for it, the big boys have been backing up the truck at these levels.
http://satwaves.com/t-rowe-prices-incre ... -26000.php
T Rowe Prices Increases holdings by 26000%
February 15th, 2009
On February 13th, T Rowe Price reported that they had acquired another 84,350,159 shares of SIRIUSXM, increasing the firm’s current holding to 84,673,669 shares representing a 26073.43% increase from its previous holding.
This is just one example. I bought in ~3 weeks ago at about ~$0.11, so I am up about 25% so far but it has been a roller coaster ride. I bought before BK was off the table, it should be off the table now so things are getting less volatile .
JMO as I see it. If you do take the plunge only invest what you can afford to lose without losing sleep as this is still a highly speculative investment. Q4 results should be released Thursday morning, it will probably be the catalyst up much higher but it could also always go lower. I don't see too much potential for crashing, but the market will do what the market will do. The downside potential is your investment amount, but the upside is unlimited. Meaning, if you invest $1,000 you could lose $1,000. Alternatively if you invest $1,000 you could make $10,000 or more.