Sirius Stock: Sirius Money - Buy Sirius Now

Like many other people new to stocks, I made the mistake of going after the dinky little "penny stocks" when I first entered the world of stock trading. Like many others, I eventually learned that penny stocks are hardly ever worth our time. There is usually a good reason why a particular stock is only worth $1.05 a share. Unfortunately, we all have a fantasy of buying loads of this stock and then magically seeing it go up to $4.00 in the next couple of months. Yes, it's a nice dream, but the odds of it happening are never in your favor.

I have since moved on and I concentrate on stable, higher-priced stocks. They have proven to be much safer. With that being said, I will say that there are times when it might be OK to revert back to your old ways and go back to buying penny stocks. That time is now. I try to pry myself away from penny stocks, but it is too hard to resist the temptation of buying shares of Sirius XM Radio Inc. (SIRI), which are currently valued at approximately $1.45 per share. During the past month, this stock has ranged from around $1.28 to $1.50. It actually was close to $2.50 not too long ago (and was around $4 about one year ago), but after the merger with XM satellite radio, the stock suddenly stumbled severely and broke lots of hearts of individuals that were banking on buying a new car after the much anticipated merger, which seemed to take 20 years to get approved. Apparently, several people were scared off by the inherited debt from XM. True, they have a lot of debt, but it is also true that they still have a crazy amount of subscribers and a crazy amount of time to introduce new products and packages. Time will heal this debt.

Majority of the experts predict that this stock will double, at the very least, by the year 2009. Some experts expect even bigger increases than that. You will not find many experts saying that this stock will stay under $1.50. True, this is only speculation and experts are merely giving us predictions, but hey, they do this stuff for a living, so it would be silly not to take their predictions into consideration.

Mel Carmazin, the CEO of Sirius, made a guest appearance on Mad Money (with Jim Cramer) and was very confident in his expectations for success in the near future. If this company was in trouble, then Mel would probably be too scared to show his face on a TV show such as Mad Money, so that definitely should be something that you take note of.

Buy this stock as early as you can. Remember, the holidays are just around the corner, so it would not be one bit of a surprise to see Sirius XM come up with a new product or service to attract more customers during the prime time of shopping.

This stock has already hit its low. It will only go up from here, folks.