SIRI stock goes into the toilet.

[BobMurdoch]

I'd wait for the inevitable reverse split first...... People tend to bail right before they go through and drive the price down even more...

 

[paja]

I think it closed at .27. I wouldn't take out any long term subs , if you know what I mean

 

[BobMurdoch]

It's not going anywhere... It just means that the common stock will take that much more of a soaking if it falls too far and they do a reverse split for 1 for 5 instead of 1 for 2.... they might even do what Nortel did and do a 1 for 10 reverse....

Which then prompted it to fall 90% more in the next year.....

 

[BobMurdoch]

At one point shortly after Howard joined my Sirius stock was worth $5K.... It's now worth $189.....

So much for it helping with my son's college fund.....