my lesson. My mother and girlfriend always buy shoes from Nine-West shoes, so I felt that they were doing something right. I bought Newport News Shipbuilding Inc. Because I thought I was buying stock in Newport Cigarettes, but I didn't care. I then bought American Eagle Outfitters because I love their clothes. That concluded my first day on the stock market. I spent almost $315,000, and I was just warming up.The next week I came back, and this time I was buying stocks in groups of 1,000 shares. I bought NYMXE Pharmaceutical Corp., and I think I was just picking at random because I can't think of one good reason on why I bought that or my next choice, Digene Corporation, I don't even know what they do there, but that's alright because it just adds to the diversity of my portfolio. Norwest Corp is another random selection. On a day when you're just picking names and you see something you've heard of, you buy I t. That's what happened when I saw Mobil Corp. Electronic data System. It sounded like a good high-tech stock.The following day I realized that I was over my budget so I started selling some stocks. I sold Coca-Cola because it was up two points, so I was happy with that return. Fruit of the Loom was down two points so I got worried and sold it. Tommy Hilfiger was up almost 2 points, so I got rid of it. MCI also went up so I figured I would take profit when I can get it. Next Link went up a little but I sold it right away because I had a bad felling. NPCI went up two points and I didn't even know what it was, so I was content with the money I made from it. And Music Land Store went up a little but I was in a selling mood so I got rid of that also.My next sets of purchases were also made in groups of 1,000 shares. My uncle owns a 1969 36 foot Chris Craft fishing boat and if you know anything about boats, Chris Craft is the elite in fishing boats, so I bought a thousand shares. I was following IBM and it was down so...
