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re: American Airlines down to .26 cents a share...

Posted on 5/6/13 at 10:48 am to
Posted by dallastiger55
Jennings, LA
Member since Jan 2010
27817 posts
Posted on 5/6/13 at 10:48 am to
I bought $1,000 worth of Sirius XM stock at 10 cents and everyone said I was nuts


It's at $3.10 today. Pretty good return
Posted by eng08
Member since Jan 2013
5997 posts
Posted on 5/6/13 at 1:06 pm to
I can understand wanting to take a gamble on a stock like that.

Congratulations on the return and that it has worked out so far.

Do you plan to sell and take your profits or try and wait it out in the hopes that it will increase in value more?

If I bought Sirius or American that low and saw it where it is today I would certainly cash out and diversify. Maybe leave a little bit in just to let it ride since you covered your initial investment already.
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