Review of the Market (Oct. 19-23)

This week the S&P 500 was actually doing fairly well. At the beginning of the week index values were slightly below 1090 and rose to points above 1100. However, at 3:00 Wednesday the values took a dive and dropped all the way down to 1084. Values for the NASDAQ this week started around 2162. It was an average week with a notable gain Wednesday morning, but also a dive at about the same time the S&P 500 fell. The NASDAQ fell more than 25 points in a matter of a half hour. The Dow Jones had a very similar week to the other two rating scales. The week started slightly below 10,000 and at points was well above, but as of Wednesday afternoon took a tremendous drop.

Review of DBK Investment Portfolio

We decided to give up on all of our companies this week and invest in some other possible companies. We started by selling all of our stock in WWW for $6455.58 after having $131.92 extracted for the sales and commission fees. We also sold all of our stocks in CEO for $32036.92 after providing $654.68 for the sales and commission fees. We also gained $14.36 just from interest. The overall value of our portfolio has decreased about three or four thousand dollars just from this week. Due to the loss of this amount of money, our team decided it would be better to try our money in some different stocks. So far the companies that we have invested in have not had any stock splits or dividends.

New Products

We recently purchased stocks in Pepsi. Pepsi is obviously most well known for making types of soda. One of the major new beverage types in the soda/energy drink category is Monster Nitrous. It is formulated with NO2 to supposedly enhance energy. Another type of beverage that is picking up steam in sales is called Fuze. It is a carbonated type of sparkling water that will compete with many of the Pepsi products.

Competitors

Our company Coeur D ALene CP New is in the mining industry. The price of gold has dropped rapidly causing their industry to fall. Their big competitors are POSCO and Arcelor Mittal. POSCO fell 2.08% on Tuesday and Arcelor Mittal fell 4.78%. We also have money invested in Direxion Monthly Small Cap Bull, a mutual fund. They are still losing money. Many mutual funds are losing money because the stock market is not doing real great.

Dan's Comments

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Kyle's Comments

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Ben's Comments

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Review of Market (Oct 12-16)

This week was a fairly good week for the NASDAQ. There was not much fluctuation on Monday, but on Tuesday the value went from 2139.8899 to 2172.23. For the rest of the week the values stayed fairly consistent aside from a slight dip on Thursday putting the value at 2156.80. As far as the Dow Jones it was an excellent week. The index value finally broke 10,000 again. There were steady gains all week other than the slight dip on the 16th dropping the value to 9,995.9102. The S&P 500 followed the same basic pattern as the other two. Monday had a slight gain but values skyrocketed to 1092.02 on Tuesday. Once again, values fell 9 points on the last day.

Competitors

This week was a normal week for our company CNOOC LTD. Their big competitors are BP and Exxon Mobil Corp. BP is having a down week on Friday their stock dropped 2%. Exxon Mobil Corp is also having a below average week. Their stock price dropped 1.1% on Friday. Another company that we bought stock in was Wolverine Worldwide. Wolverine Worldwide's big competitor is Timberland Co. Their stock prices dropped this week and on Friday their price dropped 2.45%. We also bought stock in Coeur d' Alene Mines Corporation. POSOCO and Arcelor Mittal are their competitors and they are both having down weeks.

Review of Our Portfolio

We started the stock market game by purchasing stocks starting with 200 shares of CNOOC LTD ADS priced at $164.8830/share equaling out to be around $32976.60 as a net cost. We also bought 250 shares of Wolverine Worldwide priced at $28.0296/share with a net cost of about $7007.40. We paid for 1000 shares of Coeur d`Alene Mines Corporation priced at $24.3894/share and a net cost of $24389.40. Lastly, we purchased 500 shares of Direxion Small Cap Bull 2.5x Inv priced at $30.3858 with a net cost of $15192.90. We haven't had to pay any commissions or even sold any stocks yet. The ultimate value of our portfolio has decreased within this past week due to all of the stocks decreasing in value. We chose the stocks to invest in after viewing the companies past history and decided if they were respectable enough to invest in. No stock splits or dividends have occured to our stock this week either.

Article Summary: Market Gains

As U.S. stock market gains, pullback predictions mount

The major point of this article was that since the market has risen so rapidly, it is poised to go on a down fall. Seeing as how a stock strategist with a very bullish point of view even said that the market was booming too rapidly. By the end of next week there will most likely be about a 5 percent pullback. Although analysts do expect a slight fall the overall perception of the market is basically positive. It was said that if the March lows were actually the bottom, that there is more growth to come in 2009. The outlook is good for the long run and the stock market should be back to where it should be in a tangible matter of time.