should l buy more or damp what l have and loss big time its siri xm

My opinion is that with the recession fewer people will keep paying for satelite radio and as a result their profits will fall. Since their profits are bound to fall l would suggest you sell.

You made one mistake;

You did not have an exit plan when u bought this. Good traders get out at a specific point & have a ''game plan'' for an exit on the upside.

So.. why did u buy this? Is the reason still valid? If not. put the cash in something else (but only if u have an ''edge'' & a plan)...
(thinking it will move up is not a plan. Hearing on TV, Radio or any media is not a reason to buy)..........

l hope u also use ''position sizing'' techniques to avoid large drawdowns.... Only amatuers do not use position sizing.

siri is old hat man. l bought siri years ago at 1.40 and sold at 2. get out man. it is been over for years.

The FTC approval came late, hurting SIRI. It will likely be ''dead money'' for a year or so, until factory installations begin to supplement their business model, and, quite frankly, no one is sure cars will be selling at a brisk pace a year from now. I'd stay away from consumer disgressionaries with the economy in its present state.

l think you should hold this stock right now, when the economy get better this stock will rise in value. Now people are not spending much money and car sales are low. When car sales increase and money being to circulate, sirius will do better because several cars are equipment with sirius.