Thursday, December 1, 2011

Last Transactions- Week 9

Last week I bought Costco as a trade for Thanksgiving so I sold it this week as one of my transactions. Costco is in the consumer goods sector and they sell a large variety of things including food, clothes, etc. I bought 20 shares for $81.43 each which falls on the lower middle portion of the  $68.13 -$ 87.68 52 week range. I sold it for $82.09 so the good new is I did make some money, but I checked the price of Costco and it's selling for $87.02 today. I didn't sell at the right time. Some competitors are Walmart and Target are very high on the 52 week range right now too, I dont  wish I would have bought them instead I just didn't time my sale right.

The second transaction I made this week was investing in Caterpillar. It is int he services sector. Caterpillar is a construction machinery company; I bought them because they are doing really well I I think they will just keep getting better, but there is also construction going on everywhere so I feel like I will stay solid. I bought 18 shares for $91.44 each which falls in the lower middle of the  $67.54 - $116.55 52 week range. Some of Caterpillars competitors are CNH and VOLVY.PK, I chose Caterpillar because it's a bigger company, has more employees, and has a larger net income than any of them. It also has a dividend of 2%. I predict Caterpillar will go up $5 in the next two weeks. It's already selling for $96 and it's 1 year predicted price is $116.

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