Buy more Sirius stock?

Question

Have some shares now, but the price is much lower now...should I add more shares or stay away??

Answer 1

If you don't have an exit plan when you purchase stocks..... you're playing with fire.

Common theme with experianced investors;

Average up..... never average down.

Answer 2

Are you a risk taker?  There is a considerable amount of risk in this stock.  But indeed it is down a great deal and there is the possibility that there business might improve.  Bankruptcy however is also a possibility.  Frankly, the company appears very bloated.  They really need to reduce their G&A, but then I expect the executives figure they are worth what they are getting paid.  Most do even when the company is hemorrhaging

Answer 3

Buy all you want if you realize you could be flushing the money down the drain.  If you don't expect to see it again and the stock goes up, it will be a pleasant surprise.

Answer 4

The merger got approval and the stock is trading at an all time low.....that means people with money think this company is years away from being profitable. I think you are emotionally attached to this company and trying to believe something that isn't there. Just my opinion.

Answer 5

i woudlnt buy anymore

Answer 6

Short answer: Don't buy more Sirius stock.

Actually, I just wrote an article for my hedge fund about Sirius stock, but the problem is the people who own Sirius bonds are shorting the stock because the bonds are paying them interest they they can use to short the stock. The bond holders are big institutions and with the excessive amount of losses Sirius has taken (1 billion dollars over the last year) it will be hard for Sirius to keep on paying the interest on its debt - and for its stock price to rebound.

Hope this helps!