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Originally Posted by Hey You . . . I Know You!
This is not true at all.
I've made a shit load of money as well on Siri. I bought at $4 and $5 and sold it all (over) $8. That was a long time ago.
Go back and read the archived articles about the value of the company and they lay out exactly why the stock is and has been overpriced. Once the dust settles from this holiday season and the Stern move, everyone who didn't understand the valuation of the company will be certain that the stock is/was overvalued.
If I get time, I will try to find those articles. They are exceedingly helpful.
Like I said, if they offer some other income generating service, then the equation will change.
Good luck no matter what!
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Pretty good looking chart for SIRI... it rallied to the $10 area and then took a rest... has been consolidating for a year now..... on quite low volume compared to the run up last year.... I expect a nice move for SIRI in the not so distant future.
http://stockcharts.com/def/servlet/SC.web?c=siri,uu[e,a]waclyyay[d20000401,20051231][pb34!b8!c10!b4!b50!d20,2][vc60][iUb14!La12,26,9!Lh14,3!Lc20!Lg]&pref=G