Occupy Wall Street

I disagree with the Occupy Wall Street protest because I do not feel it is the government's job to create jobs for the unemployed. While finding a job is tough it is not impossible. One problem people have is only wanting their dream job and in society right now that doesn't work. It is possible to get buy in today's economy but you have to work for it, not expect everything to be handed to you on a silver platter.

Journal 5

Comments

1. Bennett
2. Anya
3. Brooke Thomas
4. Tess
5. Alex E
6. Brandi
7. Samantha Melton
8. Christian
9. Mariah
10. Jonathan

Journal 4

One transaction I made this week was buying 300 shares of General Electric Company. I bought the stock at $16.50 a share which is approximately 2 dollars above their 52 week low and 5 dollars below their 52 week high leaving a good window for the stock to grow. I believe the stock will grow $2-3 soon because GE just launched a new entity, Research Circle Technology in September. As a whole GE's competitors are doing around the same, stock wise but GE has a right in the middle price that isn't outrageous to buy but not a stock that has too low of a price. All the companies have just about the same graph but lately GE has a positive slope whereas the competition has a negative slope.

Journal 3

One transaction I made this week was selling my 100 shares of JCPenny stock. I sold the JCP stock because while the 52 week range was $23.44 to $41.00 the 3 weeks I've had this stock the has been steadily losing money. Yesterday JCP gained $1.34 a share from the price I bought it at so I jumped in and sold the stock to gain some money back to invest or trade in a different company that would make me money. I bought JCP at $27.13 a share and sold it at $28.47 a share. Another reason I chose to sell JCP because compared to JCP's competitor, Nordstorm, JCP is the worse off company. While JCP is losing money almost everyday Nordstorm has been gaining money almost everyday. I beleive that if I had continued to hold on to my JCP stock the stock would have hit a low of around $24.00.

A second transaction I made was buying Qualcomm as an investment. I bought 200 shares at $50.60 a share. Qualcomm's 52 week range is $42.45 to $59.84. I bought in the middle of Qualcomm's range so the stock has a potential to grow aroung 10 dollars. I believe that the stock will gain about $3-4 because with most people out to get the latest technology and Qualcomm makes a good deal of that technology. Compared to Qualcomm's competitor Ericsson, Qualcomm is trading at a higher price. Ericsson while making good products is worth less than half of what Qualcomm is worth because, while Ericsson was founded 13 years before Qualcomm, Qualcomm only took 8 years to take off as a good company and keep selling products. Ericsoon on the other hand had to wait 21 years before their company really took off but unlike Qualcomm, Ericsson, after 3 years, took a huge dive in company worth from going from trading at over $100 to trading at $3. Qualcomm keep trading a fairly constant rate compared to Ericsson, so Qualcomm is a more reliable stock.