Third Week Stock Analysis

This week I reflected back on some of the stocks that I had originally invested in at the beginning of my stock experience. I found that many of these stocks have gone up. For example, I bought GoPro a little less than one month ago at $14.97. I sold the stock September 16th at $13.61. This caused me to lose a significant amount of money, but I was not happy with the fact that the stock had not immediately gone up. Today, the stock has moved up to $17.15. I can now see the benefits of holding onto a stock for a longer period of time, if I stayed in this stock, and many other stocks which have experience a similar scenario, I would currently have gained money overall rather than losing it.

Early in the week, I had decided that it was time to get rid of each stock that I was having difficulty with. Sadly, this decision turned out to be another negative. First Commonwealth Financial Corporation (FCF) was one of these stocks. I had bought it at $10.32 and sold it at $10.05.

As you can see above, FCF has raised from when I had sold it. If I had stayed in the stock longer I would not have lost as much money. 

I have invested in 3M Co, DuPont, D. R. Horton, Thompson Reuters Corporation, and Ultra Gold Miners. Each of these companies are industrial based. As stated in my pervious blog, I have began to do more research about the companies that I invest in before decided to invest in them. Each of these stocks also contained the same types of trends throughout the week. I bought them before their peeks, and once they hit their peak they went through a constant decrease. As aforementioned, I am going to try to stay in the stocks for a longer period of time, while following trying to follow their business plans, in hopes that they will raise over time and create a greater profit for my portfolio. 

The only stock that I am currently making money from in my portfolio is 3M Co. I bought the stock at the appropriate time when it was at a low, and even though it hit it's peak at the beginning of the week, it did not decrease all the way down to the point when I bought it.