Originally Posted by motordavid

"about a year ago" or less than 366 days or, more than 366...

short term losses are a good punch against any gains, (short or
long term), in your port., tax-wise for year 2008.

I realize the 5G loss is not gonna make you miss lunch. The
bottom line question you have to decide is: is SIRI ever gonna
be back above your 3buck waterline, anytime soon?

None of us knows that answer...if you don't believe it will in
some time frame, sell the sumbitch and move on, with either
your short or long term loss.

I was in SIRI, substantially, but at about 1.49 a share; I sold about
half my position in the low 30s, early '01. Yes, I wish I had sold
all then, lol! Still holding with Stop at a buck/trailing stop at .95.

I've made good dough on it, but the sumbitch is going nowhere and
burning money like a kid at the carnival.

Play accounts are fun, though I tend to do some playing inside a
401k as that keeps the tax situ moot.
GL,mD