Friday, September 23, 2011

WEEK NUMBER ONEEE

Journal:
When I first purchase 100 stocks for Tiffany (a jewelry company, purchased for $76.54), I did not look at their competitions or even consider looking at other financial sites to see how this company is doing. Ever since, Tiffany has been my biggest lost when it comes to money. Today, the current price is $70.34, with that in mind, I purchased 173 more stocks. I did this instead of making a short-sell so hopefully I will not lose money. I learned I should lookat the 52-week range as well before I invest in a company. The lowest price was $43.20 and the highest was $84.49. As mentioned earlier, I first bought my stocks for $76.54. With the 52-week range, I would have taken Tiffany into better consideration. Another thing I should have looked at is their competitions. Tiffany is not doing as well as their other competitions. The competitions includes, Signet Jewelers LTD., LVMH Moet Hennessy Louis Vuitton SA, and Rajesh Exports LTD.. Today, the total value of Tiffany is worth $7,053.00. What I expect out of this company is too keep losing money because nobody really buys a lot of jewelry until the holidays come around (such as Christmas or Valentines Day).Tiffany is a good jewelry company that is well known in New York, so with that, it is hard to me to predict what the cost of this company will be in the future. With the holidays getting closer, I believe the cost will increase.

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