victork > Trade Notes

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Brokerage Account
5 Day -7.29%
15 Day -13.68%
1 Month -8.63%
3 Month -27.58%
6 Month -33.09%
As of: 11/20/08

Member since: Oct 07

Bought SIRI at 3.03

Users Bought (30 Days) 21 (100%)
Users Sold (30 Days) 0 (0%)
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Transaction: Bought
Symbol: SIRI
Quantity: Not Shared
Price: $3.03
Value: $Not Shared.
Stop Order: No @ $N/A
Target Price: $5.00
Bought only 100 shares, but I am taking a gamble that the merger between XMSR and SIRI is going ot happen.  It has cleared the DOJ and now is awaiting FCC approval.  Once the merger is approved and I get my 5-6 sell range, I will dump this stock.  How can DOJ claim a monopoly and think about this for over a year?  I mean there are so many free avenues for music that I find it hard to believe SIRI will raise prices.  I think they only have about 10% market share combined so how would this have been a monopoly?  I think they need to lower prices to attract more customers.  Ridiculous!

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1 user tagged it: SIRI, stock, buy
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dvd316

Member since: Nov 07

5 Day 0.00%
15 Day 0.00%
1 Month 0.00%
3 Month 0.00%
6 Month -53.60%
As of: 11/20/08
Trades 13
Trade Notes 1
Blog Posts 1
Gov'ment
Age: 30's
Buckeye, AZ UNITED STATES
dvd316
I bought Sirius awhile back for the same reason.. finally dumped it, at a loss nonetheless :(
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victork

Member since: Oct 07

5 Day -7.29%
15 Day -13.68%
1 Month -8.63%
3 Month -27.58%
6 Month -33.09%
As of: 11/20/08
Trades 206
Trade Notes 82
Blog Posts 6
victork
Why did you sell?  Do you think it is unlikely the deal will go through?  Do you have some info to share?  I really do not see why the FCC will not approve of the deal because they are both losing money.  Then again, the government probably does not care.  I have very little money in it so I am not too worried.  If it hits low $2, I will buy more.
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