I purchased 100 sh ars of Apple at $90.17 per share, for a book value of $9,017.00 on February 25th. As of border 6th, the scathe per share has dropped to $85.30, making the market value $8,530.00. The unfulfilled gain for this short sale is $487.00. I plan on dimension and not buying to cover yet, because I confront that the stock will continue to decline in equipment casualty.
I also purchased 660 shares of Blue Nile for a price of $22.045 per share and a book value of $14,523.00. As of March 6th, the share price has declined to $21.54, creating un no-hit gains of $306.60. I also plan on holding the stock and anticipating the share price to further decline cod to the economy.
I purchased 1,000 shares of Rackable Systems for $3.975 per share, and a book value of $3,975.00. The price has declined to $3.51 per share, and the market value is $3,975.00. The unrealized gains are $465.00.
Lastly, I purchased 1,000 shares of Shutterfly for $7.925 per share and a book value of $7,925.00. The share price has declined to $7.72 per share and unrealized gains are $205.00 as of March 6th. I plan on holding this stock further into the future, because I anticipate the price to decline even further.
To date, the short sales know been successful and have performed as I have expected. There have been days that the share prices have increased, but gener eachy they are declining steadily. With the current situation of the economy, I expect that the share prices for all four stocks will continue to decline. I will be able to make a profit when I make up ones mind to buy to cover for the...If you want to get a upright essay, order it on our website: Orderessay
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