OT: Sirius or XM?, What do you like? |
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OT: Sirius or XM?, What do you like? |
Qarl |
Nov 23 2004, 02:34 PM
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#1
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Shriveled member Group: Benefactors Posts: 5,233 Joined: 8-February 03 From: Florida Member No.: 271 Region Association: None |
Satellite stocks have gone through the roof lately.
XM Satellite Radio has about 3 million subscribers - stock is up about 100% in a year Sirius just hit 800,000 subscribers. Stock is up about 100% in a month For those that have it answer the following... 1. XM or Sirius? 2. Pros 3. Cons |
Qarl |
Nov 23 2004, 09:14 PM
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#2
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Shriveled member Group: Benefactors Posts: 5,233 Joined: 8-February 03 From: Florida Member No.: 271 Region Association: None |
Sirius = SIRI closed at $6.71 today... However it has jumped A LOT in the past 10 days... not sure if it will correct itself or keep going.
Here is the 30-day performance chart http://data.moneycentral.msn.com/scripts/c...&D3=0&D5=0&E1=0 XM = XMSR closed at $36.66 today per share Here is the 30-day performance chart http://data.moneycentral.msn.com/scripts/c...&D3=0&D5=0&E1=0 My Dad got me into these two stocks a year ago. XMSR was $11 per share, and Siri was $2.80. He was watching XMSR when it was $2+ per share, but thought it was going to go under, so he chickened out. He bought in about $10. Both are long term, but will be good investments in my opinion. But don't quote me on it. What happened last year was a surge from around mid-November until January. Basically the holiday shopping spurred the excitement on the stocks. People bought or received satellite radios and thought, "Wow, this is cool. I should invest in the company." Also, more and more auto manufacturers were making them available with car audio packages. Each time a new manufacturer announced an alliance, the stock jumped. After January, the stock corrected itself. That was last year. Not sure if we will see the same pattern this year. |
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