Friday, October 14, 2011

Transaction - 10/14/11 - Week 4

I bought 5000 shares of Eastman Kodak. This was the first kind of risk that I have taken in the stock market. I bought 5000 shares at the price of 1.25 dollars per share. I thought that this would be an awesome buy because of the 52 week high and low. The 52 week low is 54 cents, but the high is 5 dollars and 95 cents. So, I think that I will hold the shares for just about a week, then if there is a raise of 50 cents or more, I will absolutely sell. There is a few competitors to this company, most of them are listed as asian companies. but one of the biggest companies in Cannon. But the stocks are much more expensive. But, again I bought this stock because they were the closest to the 52 week low. If I could make some predictions, I would say that within the next week or two it with rise from the current stock price of 1.25 to 2.38. And then, at that point, there will be a huge profit on my part. I have a ton of faith in this stock, and i think that it will be a very very profitable stock purchase.
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12 comments:

  1. Brooke NisleyOctober 14, 2011 at 12:50 PM

    Vince,
    You totally killed this journal by applying the stock's information to your reasoning. Instead of throwing in numbers you used the 52 week to support your reasoning and the high, low and current price to help us understand where your coming from. The only thing i would add is do you have a specific catalyst?
    :)good job

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  2. gilmore_6October 14, 2011 at 12:59 PM

    very nice work also lots of good info

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  3. Dewey S.October 14, 2011 at 1:01 PM

    Very nice love u

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  4. JBLynnOctober 14, 2011 at 1:04 PM

    Hey vince, you have big muscles and you did pretty good too. So nice job.

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  5. MNMcArthurOctober 14, 2011 at 1:09 PM

    Vince, that's pretty dangerous of you to buy 5000 stocks, but you're lucky they're so cheap. This is a good post though. You used the 52 week range pretty well, i'm proud of you. You're prediction is good, but why do you think it will raise to $2.38?

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  6. Jake C.October 14, 2011 at 1:15 PM

    Vinny baby this touched my heart. Just tell if it's a trade or an investment and talk about a possible catalyst. I'm so proud of you being such a daredevil and taking a risk. Good luck sir.

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  7. LoganOctober 14, 2011 at 2:19 PM

    good form

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  8. TracyadOctober 15, 2011 at 8:55 PM

    Way to take a risk! The only improvement for the future that I would make would be to add more info about a specific catalyst.

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  9. mrkapptieOctober 17, 2011 at 6:51 AM

    Good comments!
    Trade or investment??? sounds like a trade but is their another catalyst other than just being at 52 wk low?

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  10. TchaeOctober 17, 2011 at 3:31 PM

    Good information. What is your basis of why it will go up? Other than that though, Great Job.

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  11. Fellers blogOctober 25, 2011 at 1:14 PM

    good but need to state what kind of investment it is. Good 52 week info.

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  12. korrie.kalOctober 26, 2011 at 1:01 PM

    you had a lot of good 52 week information.

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