Going long on INTC

09/19/2011: Bought 400 shares of INTC @ 21.93. $8772.00 + $7 commission = $8779.00
INTC (400 shares) $8772.00, Cash $1221.00

INTC over AXP

INTC chart

Scanning the stock chart for INTC, it looks pretty good.  The stock went higher today on heavier than normal volume.

Re: Stock Charts

We have decided to dispense with making a "weekly price" stock chart for any of the stocks.  It is too cumbersome, and we have discovered the wonders of technical analysis charts that are available on http://finance.yahoo.com

For instruction on what all the stock chart jargon means, we have been working through the course at www.babypips.com, which is a forex (foreign exchange--trading the money of different nations) information website.  We have just reached 5th grade.

Real quick: AXP looks like a buy

Looking at the chart, it looks like AXP may have a break out (cup with a handle pattern, etc.).  On Monday, if it's still strong, this may be our first purchase.

Dow drops 300+

on a Friday, no less.  It's almost as if something happened the previous evening to scare investors....

Movie about floor traders

and how they are dealing with the advent of computerized trading (warning: foul language)

http://www.youtube.com/watch?v=SYtBgo92MOM&feature=related

Only three stocks up today; no trades at this time

CAT, JNJ, and PFE were the only three companies that saw an increase in share price today.  We will wait another week and see if conditions are a little better before making our first trade.