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. .
ASYST TECH CORP was our number one stock because it made a profit of $401.54. The reason for this gain is do to the appointment of Warren C. Kocmond, Jr. to the position of senior vice president. He has more than 20 years of experience and has a proven track record of improving efficiency and reducing costs throughout his career. Our second most profitable stock is Abercrombie and Fitch. This company gave us a profit of $363.00. The reason for this gain is that Abercrombie has named Robert S. Singer President and Chief Operating Officer. Seth R. Johnson, who has been the company's Executive Vice President and Chief Operating Officer, has announced his retirement.