This week I invested in General Electric. Its 52 week range is 14.02 - 21.65 and yesterday it closed at 15.27. GE’s direct competitors ar, Koninklijke Philips Electronics NV, and Siemens AG. Overall, GE’s stocks have been the most stable compared to the other groups. Earlier in the year, the industrial goods industry took a hit and wile GE was impacted it took it better than its direct competitors. I am predicting that GE’s shares will increase $3-4 in value over the next two months. Traditionally, this time of year is when GE’s shares are at their lowest, making it a good time to invest.
I also decided to buy some shares in Amazon with the ultimate goal of trading them. I believe that the release of Steve Jobs’ biography will be a catalyst for increased sales at Amazon. I plan on selling a week after October 24, the book’s expected release date. The book is already topping Amazon’s preorder list and I believe sales will increase when it actually comes out. Amazon’s main competitors are Barnes and Noble and Ebay. I believe the catalyst of Steve Jobs’ biography will have the greatest effect on Amazon because it caters both to e-books and hard copy books at a very competitive price. Its 52 week range is 151.44 – 244 and yesterday it closed at 221.51. Although it is on the upper end of its 52 week range, I still believe now would be a good time to buy shares and then sell them in about a month.
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