Day 5

I arrived this morning at nine o'clock for the last time. When I walked in and spoke to Mr. Dorflinger he explained to me about a new stock that entered the market yesterday called linked in. Linked in is a new social networking website for professionals designed to help make business connections. The projected stock value of this stock was somewhere around thirty, but when it hit the market yesterday the highest price reached was in the one-hundred and twenties. Mr. Dorflinger told me that this is sometimes typical for stocks to do and that he expects it to be in the eighties by the end of the week. After this I finished reading about municipal debt. I learned how the debt can be analyzed and how it is taxed. After I finished with municipal debt I broke for lunch. When I returned from lunch I began to look into the options section. Options are the most basic derivative securities. I learned how depending if an individual buys or shorts a call or a put their potential earnings or loss varies.