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Sunday, December 21, 2008

What, SIRI Sirius Satellite Is a Penny Stock Again?

Who would have thought the once high flying (SIRI stock message board) Sirius Satellite Radio would be trading well below a dollar again? The SIRI stock has been trading under significant pressure as the financial crisis has settled in.
SIRI started out as a penny stock and I bought a significant amount of the stock around sixty cents. I sold it around seventy cents, for what I thought was, for a small profit. However, only time would tell the mistake I had made in not holding the stock. Is SIRI now a buy?