bull says "MOO!!!"

Week #3

Week three=testing week in most of our subjects=less time spent reading the financial post and more time spent reading our text books. Key word, “less” meaning this game aint over yet folks!

After two weeks we are beginning to see differences in company’s performance and have been able to categorize them accordingly. Imperial oil is a good example of what we call a “Steady Eddie”. IMOoooooo gained $420.00 on our original investment after two weeks IMO stocks present value to shareholders and less risk than other companies stocks, which translates to less potential for massive short term gains.

This week we’re going to sell some of our profitable investments which will increase our cash reserve. One of the first companies we bought was PAL at $3.89/share, we have seen 11.57% gains on our original investment. The decision to sell PAL and bank our earnings is part of our strategy to sell when prices are high before they drop down again.

Sold BCE and made $545.02 which over the past two weeks we have categorized as a steady eddy. Another step we have taken towards shifting our focus slowly from high value to high risk high return.

Bought 2200 shares of BWC.TO at $8.52/share for $18,763.99 CAN, based on technical analysis we’re betting on Bridgewater Systems Corp going into week four.

Wednesday we watched RIM.TO and RIMM take a hit and drop by about $3.00 in the CAN and US markets. This has happened twice in the last two week and both times they have bounced back. BUY BUY BUY!!!! We currently own 1000 shares of RIM.TO and 1000 shares of RIMM. This will be our first massive buy at what we consider a low trading price. Based on the past two weeks performance we predict RIM.TO and RIMM prices to rise up to around $50.00/share during week four, in which case we will sell.

Happy Thanksgiving to everyone!


Definition:
Bull Markets occur when Investors are optimistic about the state of that stock market and economy. Bulls are Investors who observe upward trend and invest according to their confidence that the markets are Bullish.