Friday, April 8, 2011

Week 4

Here are a couple of things that we did and also a quick review of the stock market are as follows:

Though out the week we bought and sold a number of stocks depending on how good\bad they were doing at that moment. After looking at their graphs and the 52 week high\low we either perchased them at what we thought was a low point or sold at a high point. A few examples of this would be: TSL (buy) - $28.47, WMT (buy) - $52.70, MELI (buy) - $84.03 (sold) - $85.74

This month the Dow Jones Industrial Average for the NYSE has been consistently climbing. This week though it has plateaued, and since congress can not agree on a federal budget most federal things will be shut down on Saturday until they agree on a budget. This is a sure sign that the stock market will drop since people will be in a frantic selling frenzy.

TSL, our highest gainer this week, is now ranked second in overall output of solar energy materials in the world and the are second most profitable solar energy company in the world. As stated in this article: http://www.solarnovus.com/index.php?option=com_content&view=article&id=2573:how-green-is-the-solar-industry&catid=41:applications-tech-news&Itemid=245 they are doing well, but the overall solar energy is not as green as it seems. What it takes to make these panels is almost just as bad as burning fossil fuels instead of using them.

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