Step 1 of 187, buy the first company that is going to make me a 2% return - Chevron (NYSE: CVX. I should mention that I hope to make my 2% gain in a week or less. Yes, I'm an eternal optimist.
I bought 286 shares at a price of $87.8164 per share for a grand total of $25,115.48. The prices here are in Canadian dollars, and you'll note they're different than the prices listed on the charts. The difference is due to the value of the Canadian dollar versus the US dollar at the time the purchase was ordered.
I use CIBC Investor's Edge (https://www.investorsedge.cibc.com/ie/home.jsp)to do my trading. Each buy costs $28.95 and each sell costs $28.95. I've factored this into my million dollar formula.
Read more info about Chevron at:
http://en.wikipedia.org/wiki/Chevron_Corporation
All publicly traded companies have an investor relations site. For Chevron, this is:
http://investor.chevron.com/phoenix.zhtml?c=130102&p=irol-irhome
The chart for today's performance can be viewed at:
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximized&chdeh=0&chfdeh=0&chdet=1288062504066&chddm=46920&chddi=86400&chls=CandleStick&q=NYSE:CVX&&fct=big
The share price opened today higher than it closed on Friday, and finished the day pretty much flat. What I'm hoping for here is that the speculation about Q3 earnings to be announced on Friday, the 29th drive the share price up 2% this week.
I'm inspired by the fact that, of the three big oils announcing earnings this week: Chevron (NYSE: CVX), Exxon Mobil (NYSE: XOM), and Conoco Phillips (NYSE: COP), Chevron is the only company that posted a gain in share price today. Let's hope this is an indicator of the performance of the stock in the week ahead.
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