Economic Stocks
There are many strategies used to gain money in the stock market. It is up to the trader to decide which strategy he would like to use. In our case, we used the strategy of primarily buying unpopular companies because we figured that by doing so, the companies stocks would slowly rise as they became more commonly known. After viewing the results of this approach, which weren’t as successful as we expected, we decided that we should re-strategize in order to build up on our already plunging stocks. Our new plan was to purchase stocks from well-known companies that have been in the market for a longer period of time. There were several reasons why we decided to make the stock market investments that we did. The reason we decided to buy EBay stocks was because recently internet shopping has become a very popular mean of trade and EBay has been one of the most popular and widely used source for internet trading. Our motive in buying Abercrombie & Fitch was because of the type of clothing that they sell in their stores. We figured that the upcoming summer fashion would influence the sales in this company. On the other hand, our reason for buying General
Motors was mainly because of the popularity in its name, which was actually the reason for buying many of the stocks that we bought. We based our buying and selling decisions on significant drops and rises of stocks. For example, when a companies stock would drop noticeably, we would take action and sell the stock immediately, in change, preventing any further losses. There were some disagreements on what to buy and sell and when to do it. One disagreement we had was when Carlos said we should buy more stocks in Yahoo and we finally went along with his decision resulting in a loss in $182. Our five biggest losing stocks, from best to worse, were YAHOO, OCCIDENTAL PETE, GENERAL MOTORS, EBAY, and ALTRIA. The reason for Yahoo’s fall of -.91 was because of the competition with its rival search engine, Google. Occidental Pete has been substantially underperforming relative to its industry. According to a statement released by the rating agency, the U.S.’s decision to lift its trade embargo on Libya has affected the sales on this company. Our third, worst drop was General Motors with a fall of -4.45. The cause for this fall was the rapid increase
Some topics in this essay:
War Terror,
,
Abercrombie Fitch,
Occidental Pete,
STONERIDGE Stoneridge,
Officer Singer,
Kocmond Jr,
EBAY ALTRIA,
TECH CORP,
Operating Officer,
stock market,
president chief operating,
president chief,
chief operating,
operating officer,
reason gain,
chief operating officer,
gas prices,
reason buying,
abercrombie fitch,
vice president,
sales company,
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Approximate Word count = 780
Approximate Pages = 3 (250 words per page double spaced)
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