Submitted by: Submitted by archibald5
Views: 688
Words: 1425
Pages: 6
Category: Business and Industry
Date Submitted: 11/27/2012 12:04 PM
On the 25th of June I type the link noted on our Stock trading Game page (“http://www.marketwatch.com/game" Stock Trading Game - Free stock market game - MarketWatch.com,” n.d.). I make a note of the Stock Market Terms on the blue sheet. I read the rules and surfed the site. I performed my first trade Early on Thursday the 28th. I was immediately put into 2nd place out of 4 participants. I bought JC Penney (JCP) thinking that it couldn’t drop any further. I also short sold my company Costco Wholesale (COST); didn’t think it could go any higher. I didn’t really understand well the short sale. I should have put a limit on the short purchase so I would have more control over the price. I signed up for email info from several of the advertisers and checked out the mountain of information, charts, tips, analysis’s, hints, suggestions, and free advice provided. I used many of the reports on The Wall Street Journal’s ‘Market Watch’ page. Yahoo! Finance also has ‘recently quoted’ comparison function that I found very helpful (“COST: 95.61 -0.34 (-0.35%) : Costco Wholesale Corporation - Yahoo! Finance,” nod.). Since they appeared more stable, I started to look to the Bond and other financial Markets. I found this on the ‘Markets’ tab on ‘Market Watch’:
Map of the Market (a combination of more than 20 Indexes)
HEALTH CARE - Down 1.7%
CONSUMER GOODS – Down 1.02%
TECHNOLOGY– Down 1.42%
INDUSTRIALS– Down 1.05%
CONSUMER SERVICES– Down 0.76%
FINANCIALS– Down 1.55%
OIL & GAS– Down 0.55%
UTILITIES– Down 0.15%
BASIC MATERIALS– Down 1.36%
TELECOMMUNICATIONS– Down 0.99%
as of 3:07am EDT, 7/22/2012
(“Stock Market News - Bond Market News - Currencies Markets News,” n.d.)
This page breaks up ‘The Market’ into 10 sectors and provides trends (today everything is trending down aprox.1 %.)
At first I saw this as a cue to diversification and started to break up my purchases into the different industries, Health Care, Technology, Consumer Services, Consumer Goods,...