diamondintheruff...historically the stock
market shows the most consistant and strongest gains if you invest the last or next to last trading day in October, then look for exit points starting the 3rd week of January through Mid March. Some runs over the years will show strength through Early April, but the time period I stated are when you can make the decisions you need to make to exit.
This isn't to say there are good year round long term plays however. The above speaks of the market in general. Another of my big board long term plays is BSC (Bear Sterns). Awesome 10 year chart, good strength through the March 2000-March 2003 bear market (3 yr bubble burst), out of the news other than earnings reports, super fundementals. So to me stocks like BSC, ASD, SIRI and EBAY are good holds through 2005, even past the 3rd week of Janary-Mid Mach dates I mention above.
When to get in SIRI? diamond, if it is truly your decision to invest in them, then do this: Monday, tune in CNBC from 8:30 to see what the pre-market looks like for them and the market in general. Whether the pre-market is up or down for SIRI, wait until about 10:10am , then on your on-line brokerage account watch to see how the B/A is moving during the next 20 minutes. If you see strength upward at 10:10am, after the initial opening bell gap (gap up or gap down), go ahead an jump on board. If you see B/A trending lower with each tick at 10:10am (whether it has gapped up or gapped down), be patient and watch the B/A as it moves lower, then use your instinct when to buy in.
I think getting in SIRI at any time Monday should work out for you in the near and long term. I was just trying to clue you in on the best time to buy, which is usually after the opening bell frenzy buy/sells, with market settling down beginning at ~10:10am.
I think SIRI will remain strong (at least at a base) up through the time Howard Stern begins broadcasting on the air. I can see a VERY STRONG single day pop the day before and the day of his first broadcast. He announces his upcoming show on Sirrius Radio daily some have said. His entry into Satellite Radio is going to open a whole new form of entertainment media, which if you look at it, is the same form of entertainment our grandparents enjoyed: Variety shows on the radio. His will be the first big radio/TV name and I believe your are going to see radio sitcoms/mysteries/talk shows/mature themes to follow.
Good Luck! The above is only my opinion. Please do your own DD beyond what I offer before investing in ANY stock.
Bo
AI
