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JPiZZiJP · 12-07-2004, 05:39 PM

Lol... good thing this is a finance thread (when i saw the thread title, "Stock Tip" I was like, "WOW something finance related!" (I am in the finance field... and then I said, maybe it's about a stock *exhaust* tip.... but anyway....

I am also going to have to go with TalkingGoat on this one... I already invested some $$ in Sirius and have already pulled out. I believe it is eventually going to level off, and then, possibly decline.

I do a good deal of stock trading, and whenever there is media about a company, their value in stock changes (sometimes dramatically). For instance, when McDonald's (a HUGE company) CEO retired, their stocks significantly dropped because people were unsure about the new leadership of Mickey D's. Then eventually, it came back up to where it used to be.

Another REALLY good example is a company called Boots and Coots (Symbol: WEL). This company deals with primarily putting out oil fires in the mid east. When Bush declared war on Iraq in Mar 2003, the stocks SOARED, just the same when the stocks SOARED when our current Bush's father declared the Gulf War. To give you an idea... in Feb 2003, WEL was trading around 30 - 35 cents a share... the day Bush declared war, it soared to an opening price of $2.38/share, almost a 700% jump. However, 2 weeks later, the price was back down to the 30 cent a share range. In reality, Boots and Coots is under a lot of financial turmoil and the have poor management, and are on the verge of bankruptcy.

So... with regard to SIRIUS, I stopped following it awhile ago. There is potential for it to rise still, however as the days go by it becomes increasingly more risky. Just make sure you sell before it drops

~Joe

12-07-2004, 05:39 PM	#9
JPiZZiJP Join Date: Aug 2004 Location: Middlesex County, NJ Posts: 592 iTrader: (0)	Lol... good thing this is a finance thread (when i saw the thread title, "Stock Tip" I was like, "WOW something finance related!" (I am in the finance field... and then I said, maybe it's about a stock exhaust tip.... but anyway.... I am also going to have to go with TalkingGoat on this one... I already invested some $$ in Sirius and have already pulled out. I believe it is eventually going to level off, and then, possibly decline. I do a good deal of stock trading, and whenever there is media about a company, their value in stock changes (sometimes dramatically). For instance, when McDonald's (a HUGE company) CEO retired, their stocks significantly dropped because people were unsure about the new leadership of Mickey D's. Then eventually, it came back up to where it used to be. Another REALLY good example is a company called Boots and Coots (Symbol: WEL). This company deals with primarily putting out oil fires in the mid east. When Bush declared war on Iraq in Mar 2003, the stocks SOARED, just the same when the stocks SOARED when our current Bush's father declared the Gulf War. To give you an idea... in Feb 2003, WEL was trading around 30 - 35 cents a share... the day Bush declared war, it soared to an opening price of $2.38/share, almost a 700% jump. However, 2 weeks later, the price was back down to the 30 cent a share range. In reality, Boots and Coots is under a lot of financial turmoil and the have poor management, and are on the verge of bankruptcy. So... with regard to SIRIUS, I stopped following it awhile ago. There is potential for it to rise still, however as the days go by it becomes increasingly more risky. Just make sure you sell before it drops ~Joe