Cramer's Advice for Sirius XM Lovers

08/27/08 - 12:55 PM EDT

Jim Cramer

When is a loss not worth taking? When it is Sirius XM Radio (SIRI Quote - Cramer on SIRI - Stock Picks). At least that's what people want to believe.

No matter what I do or say, this stock remains the stock of the people. In fact, they should give you some stock when you buy a Sirius radio. Maybe a 10 share rebate.

Regardless what I tell people -- that it took too long for the FCC to vote, that the two companies lost almost a billion dollars while the regulators dallied -- they don't want to sell.

And I couldn't disagree more.

To read Jim Cramer's advice, please click here.

Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for Action Alerts PLUS. Watch Cramer on "Mad Money" weeknights on CNBC. To order Cramer's newest book -- "Jim Cramer's Stay Mad for Life: Get Rich, Stay Rich (Make Your Kids Even Richer)," click here. Click here to order "Mad Money: Watch TV, Get Rich," click here to order "Real Money: Sane Investing in an Insane World," click here to get "You Got Screwed!" and click here for Cramer's autobiography, "Confessions of a Street Addict." While he cannot provide personalized investment advice or recommendations, he appreciates your feedback and invites you to send comments by clicking here.

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