A transaction I made this week was buying stock in Verizon. After a good deal of research I found that they are coming out with multiple new phones in the next few months. I bought this at a trade because the catalyst will be the new phones coming out and then the market will most likely go back to where it is now. I bought the stock at $37.15 which is toward the higher end of the 52 week range which ranged from $31.60-$38.95. But even though the stock is at the higher end I expect there to be at least a two to four dollar increase within the next weeks to the next months. One of Verizon's main competitors, Sprint, on the other hand is doing okay but not great. Right now Sprint is down in the stock market, trading at prices that are very close to their 52 week low. While Sprint is coming out with new phones also I believe that Verizon will make a better return on their products.
A second transaction I made this week was buying Pandora Media stock. I bought this because Pandora now has a deal with Hyundai to put Pandora Radio in new Veloster. Also, Pandora is has released a lot of its restrictions on its music so I see the potential for the stock to grow. The 52 week range is $9.33-$26.00 and I bought the stock at $13.86. This leaves room to almost double. I expect Pandora's stock to rise at least three to five dollars soon because Pandora is also an app for phones, iPads, iPods, and many other devices. The stock will rise because as people acquire new devices they will down-load the app more. Sirius XM Radio is one of the biggest competition for Pandora. Sirius may have a larger market cap than Pandora but Sirius XM Radio's 52 week range is within about a $1.20 from its lowest trading price to its highest trading price which does leave very much room to make money on this stock because from what I can see Sirius XM is not in a position right now to get above their 52 week range from last year.
Friday, September 30, 2011
Friday, September 23, 2011
Journal Entry 1
One of my companies is Dell and I bought the stock at 14.75 a share which is under what the top trading price was for the last 52 weeks so I believe the stock will continues to go up to a maximum trading amount of $16.75. This is because right now Dell is sitting in the median range for trading value and I believe that the market will continue to increase so that Dell will come close to the high of the last 52 weeks. I bought Dell because the day I bought it the market was going up and so was the price of stock so I grabbed Dell early to try and make some money but with the way the market has been the last few days Dell has been losing me money. Compared to their competitor Apple, Dell has been doing better.
Tuesday, September 13, 2011
Ten Brands
My favorite shoes are Nike tennis shoes. Suave is my favorite shampoo. The toothpaste brand I use the most is Aim. Right now DayQuil is one of my favorite brands right now. Dell is my favorite computer brand. Toyota is my favorite brand of vehicle. Arizona is my favorite brand of jeans. Jif is my favorite brand of peanut butter. LG is my favorite brand of phone. My favorite gaming system is a Wii.
Monday, September 12, 2011
9/11 Blog Post
The attacks on September 11, 2011 were a huge shock to the United States. Al-Qaeda destroyed the World Trade Centers and took out part of the Pentagon. If Al-Qaeda's purpose was to get rid of the United States' power house status, they have started that process. Al-Qaeda has proven the US is not unattackable.
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