Depends on what your personal risk tolerances are. Me Hold not going to worry about no stinking dip and get caught up in the panic selling on pullbacks. I personally believe by Christmas its going to be trading a lot higher. HOLD IN MY OPINION IF YOU WANT SANTA CLAUSE SELL IF YOU THINK YOU MADE ENUF MONEY AND WANT HAVE ANY REGRETS IF IT GOES HIGHER. SANTA GOING TO REWARD ALL THE KIDDIES IN THE STOCK THIS YEAR IMO. I am going to hang a hefty bag on the mantel to put all my money in. If I am wrong I want have nothing left but a lump of coal. Thats what high risk investing is all about. Do not bet the farm on any penny stock but be willing to bet big enuf to reward your risk if your right.
Hell, wait until we actually have a real recovery and the auto industry starts humming on all cylinders. With the impending ouster of the stagnant dems in office, clear sailing...I just added 10k more shares at a 1.40 to one my IRA's. All totaled, holding 75k shares, 1/2 in retirment accounts.
Well, I do wonder what that fella wrote about Sirius debt being cleared at 1.88 a share the debt converts early....etc..etc..etc....? But then he said something about "fully diluted"...then he said that was good for the company going forward and good for the stock. Then I got to thinking about the options that Mel has that can be converted either this year or next. Anyway my head is spinning at the prospects.
Similar story for me. Bought in .22 x 100,000 shares. I know Mel indirectly through a colleague, and he is the ultimate salesman with a laser like focus on costs.
Mel will grow this company into a powerhouse that will either aqcuire or be aqcuired at a pretty premium to create tremendous shareholder value which has been Mels hallmark throughout his executive career.
If you have held this long and throughout all the BS of these last couple of years, why sell now?
This company could be the next Microsoft in the media business and the big money is just starting to realize this, and will force them to make SIRI a core growth holding. Be patient, SIRI is here to stay.