1st Week End Results

Lesson five of MarketClub's email support introduced me to moving averages, which measures the number of consecutive stock prices and the average price at 4-day intervals. This average will help me to understand when prices begin moving in a consistent direction. By adding the prices of the last 4 closures and dividing by four, an average can be found; the same formula can be used over longer periods of time.

As for results and purchases, I have decided to invest in MetroPCS (PCS) as phone technologies are ever improving and contract bills are skyrocketing. According to a report done by insidermonkey.com, a proposed bid by T-Mobile to purchase the company late last year, may go through, due to and resulting in some restructuring and expanding its markets. After seeing bigger losses than expected this week, maybe buying large amounts of lower priced stock would be more beneficial for high growth with less risk, depending on the amount invested.

Week 1 Totals:

• Agnico-Eagle Mines (AEM)- Open: $37.56 Close: $35.65
• Total for 50 shares: $1,782.50 ($154.50 loss)
• Keep a watchful eye, sell if 4-day average is below initial investment

• BioDelivery Sciences International Inc. (BDSI)- Open: $4.78 Close: $4.82
• Total for 230 shares: $1,108.60 ($6.90 gain)

• MetroPCS (PCS)- Open: $11.30 Close: $11.52
• Intital investment: 51 shares at $11.52= $587.52

• Rambus Inc. (RMBS)- Open: $6.78 Close: $6.93
• Total for 150 shares: $1,039.50 ($19.50 gain)

• Walter Energy, Inc. (WLT)- Open: $25.94 Close: $24.11
• Total for 50 shares: $1205.50 ($76 loss)

• Treasury bond: $2,000

On the last day of the week of April 8th-12th, I suffered a total loss of $204.10 and purchased an additional $587.52 worth of stock, leaving me with $2,171.78 left to invest and $7,723.62 in total circulating assets. Since beginning this project, the result is currently a net loss of approximately $104.60 give or take a few cents. Hopefully the coming week treats me better.