OK Investors,
Over the course of the next 10 weeks, we will all be finding out a lot about companies, stocks and everything financial. What did you find? What companies do you like? Why do you like them? Would you rate a stock a 'buy', a 'sell', or a 'hold', and why?
Use this post to pick some of your favorite stocks, share some trading tips, and be sure to report back and let us know how your investments are going.
We're just getting started, so there should be lots of traffic as we begin to see how our stocks begin to act in the markets.
Good Luck,
Mr Rankin
3 comments:
I like tech stocks right now. Even though there is a recession coming, if it's not already here, I believe that people will not go out to dinner or movies, buy big things, or spend lots of money; I do believe that they will stay home on the Internet. Of course, people will continue to buy computers every couple of years and all the accessories.
I think Apple, Inc. (AAPL) is beginning to move again, Microsoft (MSFT) has been doing well this month, and I am looking at Technology Mutual Funds. Yes, technology is volatile, but that means that it can move quickly and high.
Big Apple
Big day yesterday, (3/24). I watched Apple, Inc. (AAPL) soar $10/share and I sold 100% of my holdings in Apple. I made a few dollars and I jumped up to the top of the leader board—a very proud moment since I am bad with money in real life.
I expect Apple's "volatility" to continue. I expect that Apple will sink $5 or $6 a share either today or soon and I may buy more this week, or wait until next week. I am trying to catch a wave, but those commissions are a killer!
Gold Standard
Today (3/25) I bought gold (GLD). Recently, the price of gold has declined and I am trying to buy on this dip. I don't think gold will continue to fall, but if it gets $10 a share (GLD is currently trading at about $90) then I'll sell for a few dollars. I don't think I want to hold it too long yet.
Dogs Are Barking
Overall, a good week. However, I am concerned that I own some dogs. Lockheed Martin (LMT) has been on a steady decline recently. I was trying to buy on weakness (buying stock when it is going down) but I'm afraid it will take me too far down too quickly.
Watching
Otherwise, I am on the hunt for financials. They have been beaten badly in the last year and, given the Bear Sterns situation, I believe they may rebound slightly, although most investors are still staying away from them. Next week I am looking at Visa and oil.
For more, visit our class blog at http://mrrankinseconomicjustice.blogspot.com
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Hey whatsup, this weekend i have been trading and keeping up with cramer`s mad money shows, they are very interesting. I actually bought 150 exxon mobile shares and 200 chipotle mexican grill shares as of april 13,2008. I feel that they both have potential to rise in value. I am staying away from tech and financial stocks at the moment, so i passed on apple.Yesenia from my group also bought 200 sony Stocks. Sony is doing well at the moment and i feel that was a good choice from her part.
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