Sunday, February 5, 2012

Week 3 Transactions

#1 The first transaction I made this week was with 52 shares of Amazon. I looked at the price for it and it was at $194.91. This is close to its 52 week high so I short sold it. It fluxuated going to $193 down to 189.46 for about a week then it dropped down to 177.26. This is around it's 52 week low so I decided to "buy to cover" the shares that I owned. With this transaction I made a little under $1000.

#2 The second transaction I made this week was with Amazon again. After I bought to cover them at 177.24, I bought the stocks immediately afterwards. Amazon is notorious for Have large fluctuations in its price and I saw this as an opportunity to make more money off of this stock. I've held onto it for about 9 days and it has risen to 187.68.

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