What's up with Sirius Satellite Radio stock? It's in the dump! Is this a good time to buy?

Question

What's up with Sirius Satellite Radio stock? It's in the dump! Is this a good time to buy?

Answer 1

I would not touch that stock unless you like gambling, a lot.  There are plenty of other stocks out there that have a much better potential to make you some money.  With the way the economy is going right now, people will stick with free radio.  

Answer 2

If you think the company is going to survive, yea

Answer 3

As Ben Graham said it, NEVER buy a stock based on speculations. If you buy a stock, buy for long term. Also ask yourself, would I love to own this company for a VERY long time no matter what? no matter what meaning.........since share is $1.40 or so last time I checked, will I be ok if it goes below $1.00? Yes its in the dump but the volume these last few days have been stupid high meaning..........ALOT of people are trading it and appears they are buying. But based on what? Speculations? But hey, if you buy your shares and it pays off, you can pass me by with your Mazarati or Rolls Royce Phantom.