All of a sudden, the one stock I was warned NOT TO BUY is becoming a possible choice for the rebound. Well, I am so VERY glad that I didn’t listen to the critics and I actually bought SIRI the night before they were saved from bankruptcy for just pennies a share, because right now, I am already sitting on top of an almost 600% gain. I bought hundreds of dollars worth that now is thousands of dollars worth.

However, hear me in this. I have not been stupid. I have already sold some and reinvested my original funds. This is now fun for growth.

So, I don’t know just how high this stock will go, but if the guys below at Breaking Views, Fortune and CNN are correct, which they just might be, then the price tag of $0.45 might be a real steal.

Just check it out. Read on…

pd

breakingviews: Sirius XM – The best play on an auto rebound – Jun. 30, 2009

U.S. car sales are in a ridiculous funk. Even with a strong June, the current annualized rate of about 10 million vehicles isn’t enough to compensate for scrapped cars and population growth. Yet the best investment play on an American recovery may not be a car or parts maker. Curiously, it may be Sirius XM Radio, which operates the radio in the dashboard.

This is partly a process of elimination. Two of Detroit’s Big Three — Chrysler and General Motors (GMGMQ) — are in bankruptcy. Ford Motor (F, Fortune 500) is, of course, an option. But some 40% of Ford’s sales come outside the U.S., so it’s not a pure play on the domestic market. True, there are parts companies uniquely focused on the U.S. market. But given the serious margin pressures they face from bankrupt carmakers and rivals they look like very risky investments.

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