Week 2 Transactions

#1 I short sold the stock Amazon because I saw it was high in it's 52 week average. With valentines day nearby I'm sure there is going to be alot of people who forgot to get something or saw something they want to get for someone. During Valentines people usually get other people flowers, chocolate, or some other kind of gift so companies that sell those kinds of things will also increase a bit and Amazon is like walking around in Walmart withou the walking. If you want to get someone something a little more expensive and flashy than flowers than I'm pretty sure people will look online. The stock is currently at 195.03 and I expect it will rise during this time but after Valentines I expect it to drop down again.

#2 I have also short sold Apple. Apples current price is 447.27. It is also at a high in its 52 week range so I believe it drop here soon. As with Amazon, Valentines day is close by and I'm pretty sure that people will be buying some kind of product made by Apple such as Ipods, Ipads, etc. After valentines day, I believe this stock will drop to a much lower price of 400 dollars.

Week 1 Transactions

      #1 Amazon was the first company that I bought stocks from. As I'm sure everyone knows, amazon is a large online store that sells almost everything there is to be sold. I bought 56 stock for $178.14. I looked at the 52 week info from last year and found that the company's stock price can go as low as $160.97 and can go as high as 246.71 per share. I think it only went that high last year because of the new Kindle Fire they sold. I believe that the stock will will drop down to lower prices until they come out with some new again. The price for the stocks I own is at 194.38. Based on the low it had this year which was 179.53, I plan to sell it now and then short sell with the price dropping.

     #2 The second stock that I made a transaction with was Rangold Recources. This is a gold mining company and with the U.S. coming out of the current recession, I'm almost certain the price for gold will decrease. I short sold this stock at 109.37. It's high last year was 199.44 and it's low was 72.47. True there is a chance it could go up instead of down based on the huge range, but the average price range was between $76 and $87. So far this year it's average price has been bewteen $92 and 106. I believe this stock will drop back into the average in about a week.

Candy Stocks

The room was hot, dark, and their was a chocolate odor in the air. We look around and we start to notice that their is candy everywhere! We started to push pass one another and tried to get as much candy as we could. Most of the candy were different kinds of chocolate, and a few suckers. When everyone had gotten their candy our teacher Mr. Kapptie wrote the names of the candy on a board and then put price's next to them. For each piece of a specific kind of candy we had, we basically got that much money. He was periodically changing the prices making them go up and making them go down similar to how the actually stock market works. We were walking around the room talking with one another and trying to trade a specific piece of candy for another piece that wasn't the same as the one we were trading. It was chaotic, hot, and quite annoying. The point of the game was to show us what it is like in The Pit at the stock exchange.