first time trading..so i decided to buy 12 shares of SIRI...yes 12...

I'm a high roller vegas whale....


let's hope it goes up to where XM is...that'll be cool..

 

congrats on your new purchases.
Its recomended that you purchase stock in lots, which are in sets of 100. That way its easier to get sell them and you can actually make a profit. Since SIRI is in the $6 range you are going to need a pretty big increase in price just to pay for the commission.... remember commission is always when you buy then again when you sell..

anyways good luck!

 

does that mean I won't be able to sell 12 shares when I want to...?

yeah, i realized that whole commission thing..and I figured if SIRI goes to where XM is ...then I would make enough money..so i wouldn't worry about commission...

6 to 36 = awesome!

 

Yeah, you can sell them when you want to, it is just that whatever profit you make can and may be wiped out after you pay the commission on it.... but nice and good luck with the investing.... mind telling us how you got in, who you are going through and etc..... I have so many damn mutual funds, I am looking to buy some stocks outright...

 

i just did the sharebuilder.com thing...

i don't know anything about investing...i just did it to figure out..if lose out..it's only 100 bucks...i won't have to file for bankruptcy...just trying...plus, I plan to keep the stock for a couple years...and see what happens...maybe it'll jump from 6 to 36 like XM...especially since alpine is dropping XM and going with sirius...i don't know..

 

That's a good way to look at it. Everyone has their own method for investing. I'm tempted to tell you mine, but i groan whenever someone tries to tell me their "guranteed" way to make money - it's such a voodoo art that aside from some basics (penny stocks are never stable, corporate scandals = bad, etc.) everything else is left up to your personal tastes.

I figure any money i lose is the cost of education. Any money i make is gravy

 

Just doing some simple math. you purchased the shares around the 6 point range and if your commission in total for buying and selling are 40 then your break even would be around the 10 point range. SIRI is a neutral share wich means that no one can really say whether it is a buy or a sell share right now... anyways hopefully the market will turn around and you will be able to make some nice money off of this one!!!

 

SIRI is a good stock to hold on to, just my personal opinion... But, you gotta buy atleast a couple of hundred shares..

 

remember you also have capital gains tax so dont go spending all the cash when u sell

 

i'll buy when i have money to buy....poor college graduate that has TL payments to make...

is the stock market closed on holidays like today?

 

Yeah, markets are closed today