#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.
You have good information on the prices and the 52 weeks range but i think you could add a little bit more information on the competitors and why you chose these stocks over the others.
ReplyDeleteI agree with savannah, you had good information on the prices and numbers, but not really that much information at all
ReplyDeleteYou did really good giving prices and financial information. If you looked on Yahoo Finance, it will show you the 52 week analysis and also you could find some competitors to compare your companies to in your next blog!
ReplyDeleteI like that you talk about what you think the company will do in the future but what is your prediction money wise for the near future?
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