Week 2

To start the meeting on Friday in this week, we took a look at our ranking and stock performances in the game. We all felt more confident to get along with the game thanks to our stock’s improving performances and our strategy. 

Although we did lose some money on the stocks we are holding, we are still happy with our approach for trading. We are in the top five again for the rankings. Like last week, we decided to buy more stocks this week and not sell any of the stocks that we are holding. Furthermore, we all agreed to invest more in the Canadian market rather than the U.S market due to our team’s purchasing power in those markets.

 Through the meeting, our team came up with a list of companies, which we would choose for trading later on.  By comparing performance of all companies on the list based on EPS, PE, and Prices, we chose WestJet and RIM, which are in Canadian market and Walmart as well as Walt Disney, which are in US market to invest in.

The reason to choose RIM again is because we felt confident with the company thanks to the company’s vertical improvements in the US as well as the Canadian stock market. Moreover, the purchasing power allowed us to invest more in Canadian stocks, and we all came out with the idea to buy more RIM. We invested in Westjet because it is a great Canadian company in airline industry. They are not only providing safe flights but also excellent customer services. Based on the fundamental analysis, their stock does go up every November – December period, which is influenced by traveling demand in Christmas.

In the other market, we chose Walmart because of the increasing  shopping activities for Christmas. In addition, Walmart is one of the largest corporations for consumer goods in North American, they were doing really good in the recession due to their lower prices comparing to other competitors in the industry. The last company is Walt Disney, which is the most famous animation producer for years. Choosing their stock in addition to Walmart was a further step in our strategy to see how the entertainment industry would perform in this time of year.

After trading those stocks, we felt we were getting on track with our strategy, which the three of us set in the very first meeting. We are looking forward to see how those markets would go in this week