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Originally Posted by Monk
If you are not able to identify a bull, that's not my problem.... I can. (hint:stock charts)
Really?!? Is that a fact or just your uninformed opinion? Know anything about charting or technical analysis?
What a bunch of regurgitated drivel..... sounds like you read it on a message board somewhere.
Firstly, the 3 hours you spend online investigating a stock will get you about 5% of the information that the big boys have, who actually move the stock.
In a bull, the stock or sector is growing... PE ratios almost always run ahead of the rest of the market.... largely due to the fact that the growth of the company's sales is also factored in (i.e. the PEG ratio)
Also, stock movement usually LEADS actual company results... so by the time some event happens in a company, it is already priced into the stock.
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How's that Sirius stock working out for you? Oh, sure you think it will make a comeback . . . but it won't.
I say we make a bet. Do you believe pps of Sirius will be higher six months from now? You must love losing money. It has been ~two/three months and you've lost more than 30% of your investment. I would love to hear more about your charting and technical analysis and how it is vital to losing one third of your investment.
Not to rub it in, but I doubled my money in Sirius, got out at $8.10, and found a legit stock to try to double again. Over the last two months I've only had a gain of 60% and I know it is going to continue to go up. Sometimes I wonder if I should have held onto that siri dog so that I wouldn't continue to get so excited about all of my investment profits.
Good luck to everyone who is hanging onto Sirius hoping for a miracle. You will need it.
How great is it to have FACTS prove who is right and who is wrong in this type of debate? I'll post an update in another couple of months to see how much more siri has gone down and how much higher my stock has gone.
Go analyze your "informed" opinion and please continue to ignore my "uninformed" opinion.
History proves predictors to be correct or moronic. Be careful who you listen to.