Week 1 -in review

Our team was completed by the addition of Saleha. We started the game last week and did 3 of our trades on Friday. Before making any moves, we thought of setting up a strategy and meeting each week to discuss how well it works for us. We are in the top 5 in each market due primarly to not making our trades until the end of the week, we hadn't lost anything yet compared to our classmates.
We invested in RIMM, Estee Lauder, and Canadian Natural Resources. The reason we chose RIMM is because of blackberry, a technology that is innovation consistently and continuously. Blackberry just came out with the new torch and is coming up with the “playbook” as a competitor for Apple, and its “I-pad”. Estee Lauder is a great make-up company which continues to sell regardless of summer or winter. They not only offer makeup but offer bed and bath accessories, which are not only great quality, but great sellers.  Since the last week, we have held on to all 3 of the stocks. Last week we were in negative numbers but we have caught up this week. The graphs for all three have been looking steady this week. The Canadian Natural Recourses’ graph has been inclining as far as the 5 day trend goes and is well stable according to the monthly trend. We were surprised to see that the monthly trends on the graphs for Estee Lauder and RIMM incline towards the end also. We are quite happy with that because we haven’t had to sell anything so far!
Our strategy for our first meeting was for each group member to research on companies, and pick 3 companies that they would like to present in the group meeting. At our meetings, we researched and selected 3 potential companies out of 9, to invest in. So far, we like this strategy because by having each one of us choose 3 companies, we have more options to choose from in case a company isn’t doing well and we aren’t comfortable investing in it, plus we save more time from researching, and get right to investing!
 Our overall strategy is to focus on large companies, keeping in mind time of year and consumer groups. We also considered the long game strategy and investing in commodities.