Why I bought: XM is the second stock I bought. I bought it when there was talk about a merger with Sirius and thought that once the merger occured the price would go up.
Boy was I wrong. Sirius-XM is by far the worst stock I have bought.
I still own shares of Sirius-XM because what I have is worth very little, and it is a constant reminder of the mistakes I’ve made. Of course there’s still always the hope that it will begin an uptrend and I will one day actually make my money back however unlikely.
Lessons Learned: I did learn alot from this mistake though. 1) Never buy a stock with loads of Debt. 2) Always set a Stop Loss. 3) A low price can go much lower.