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No. of Recommendations: 3
Hey, I bought 33 put contracts when this was at 8.90. I realized this bubble stock was way overvalued, when I saw it was trading 40% higher than the company I work for. After YESTERDAY my company is about 35% higher than SIRI. And my puts are doing just fine.

Do you people realize SIRI is valued at 9000 per subscriber? Let's say you get 10x the subs, then it is valued at 900 per sub--and subs only pay in 156/ yr in revenue. Subtract Op cost, and what do you have left?

My friend subscribes to Morningstar, and they give what they call a "Fair Value Estimate". What is it for SIRI? I don't want to spoil it for you, but it is less than 10% of the current share price. That means, if SIRI returns to its "Fair Value Estimate", YOU will lose an Additional 90% of your money.

If you're the poor sap that bought at 9, then you will have lost 95% of your money.

Oh, and don't even *think* about telling me SIRI @ 6 is cheaper than XMSR @ 33, or NFLX @ 11.

You rabid cult-like investors are headed for a big cliff, and you didn't even bother to pack a parachutte.

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