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.