Friday, September 23, 2011

First Journal Entry 9/23/2011

1) Jenny decided to start investing in STOCKS.
2) John bought 4 different BONDS that he thought would make him money.
3) DOW JONES went down this week due to drop in prices.
4) EQUITY loans with the lowest interest rate in years.

JOURNAL:
So for my stock i choose is Cabelas (CAB). The 52 week information is that it's low is  17.36 and it's high is 32.37. And at the moment right now it is at 21.17. Also Cabelas compared to other companies is very good. Because other major companies like Bass Pro Shops and Gander Mountain don't have stocks and Cabelas is the best place to get hunting stuff for good quality and low prices.

TRANSACTIONS:
One stock that i bought was mentioned above. I bought the Cabelas stock. I bought 59 shares of Cabelas and right now it is at 21.17 and i believe that it is going to go up because the high of Cabelas is 32.27. I believe that it will go up to excleast 26 or 27. I think this because it is winter and all the hunting seasons are starting to open like deer, elk, big game and waterfowl hunting so people will be going by cabelas buying stuff for hunting season.

RESEARCH:
The stock that i chose to research is PepsiCo. And i believe that it would be a bad idea to get this stock right now because the sales growth is going to go down. Also it is very close to it's high point so you could only make like .50 cents. So all it would do is go down pretty much from now on.

2 comments:

  1. Please make sure to define your words as well.

    You ccan combine all thrre piece into one summary. Good start

    ReplyDelete
  2. Seems to me that you hit all the points of your journal(: good job!

    ReplyDelete