Harrison
UC Riverside Extension Center,1200 University
Ave, Riverside CA 92507-4596
951 756 8468
[email protected]
1> The shares prices of POSCO have been increased from July 19 to July 25. According to ZACKS
Equity Research, POSCO announced it will acquire a stake in Southeast Asia’s largest
stainless steel producer Thainox Stainless. With this acquisition, POSCO will increase its
presence in the Southeast Asian market and improve global competitiveness in the stainless
business.
2> The shares prices of POSCO have been decreased from July 25 to August 1. According to
Bloomberg, South Korea’s economy expanded at a slower pace in the second quarter as a
stronger won. If won become a strengthening currency, Korea’s export growth will
decelerate further. Thus, it influenced the fall of POSCO’s stocks.
I want to hold my stock because POSCO posted a 22 percent gain in second-quarter profit, aided
by higher prices and earnings from its units. The world’s third-biggest steelmaker, which raised the
prices of benchmark hot-rolled steel plates by about 18 percent in April, expects global demand for steel
products to recover after declining in the third quarter.
Summary Table
Opening
date
Share price
Closing
date
08-01company
07-19-
08-01-
2011
07-19-2011
No. of
Shares
2011
2011
Total Profit
APPL
$
374.96
$ 396.75
40
$ 374.96
$ 396.75 + $ 871.60
GOOL
$
600.90
$ 606.77
6
$ 600.90
$ 606.77 +
PKX
$
105.53
$ 110.60
107
$ 105.53
$ 110.60 + $ 542.49
Total
153
Daily Transaction Chart
Date
APPL
GOOL
PKX
2011-07-19
$374.96
$600.9
$105.53
2011-07-20
$386.9
$595.35
$108.05
$ 35.22
+$ 1,449.31