April 29, 2004 by Jeany Llorente NMSU News Center
Students from Deming, Las Cruces and Santa Fe took top honors in the spring 2004 Stock Market Game sponsored by New Mexico State University’s College of Business Administration and Economics and the New Mexico Securities Division.
The State Championship was captured by Deming High School students Ryan Molina (captain), Kaici Branham and Brandon Grelle under the guidance of teacher Claudia Rossman.
The team began the program in February with $100,000 and finished 10 weeks later with $159,744. Just behind them with $140,139 was a team of fifth grade students from Hillrise Elementary in Las Cruces. Students Chris Ericson, Alex Paap and Brett Buffington, who were advised by teacher Christy Mitchell, made up the team.
First place in the Bull Division (grades 9-12) of the Essay Contest was snagged by Deming High School student Adriana Rascon, also a student of Rossman, and the top essay in the Bear Division (grades 4-8) was submitted by Charles Gonzales of Larragoite Elementary School in Santa Fe. Gonzales was under the direction of his teacher Annette Youngren.
An innovative method for teaching a wide variety of subjects, the Stock Market Game is a computer simulated competition which was played this spring by almost 2,500 New Mexico participants. Teams begin with an imaginary $100,000 and during a 10-week period each semester make transactions with real stocks from the three major U.S. stock exchanges. The goal is to increase the value of the portfolio as much as possible in 10 weeks.
“The stock market was rather unpredictable this spring, requiring a bit more research than usual, but somehow the winning teams were able to locate a few stocks on the rise,” said Dorothy Hughes, Stock Market Game coordinator at NMSU. “Because of a new sponsor, Cabrera Capital Markets Inc. of Santa Fe, our registration fees were eliminated, resulting in a 96 percent increase in student teams over the previous spring. What a great way to celebrate our 20th year at NMSU.”
Hughes said she is expecting full houses at their ninth annual awards luncheons in early May in Albuquerque and Las Cruces, which are being sponsored by Thornburg Investment Management of Santa Fe.
The Stock Market Game™ is the only stock market simulation-based educational program endorsed nationally by both the industry (the Securities Industry Association) and the regulators of the industry (the Securities & Exchange Commission). More information can be obtained by visiting the SMG Web site at: http://www.stockmarketgame.org.
Before the game each semester, Hughes offers training workshops, during which game rules, research techniques, classroom uses of the program, and general investing information are provided. Anyone interested in participating in the program can contact Hughes at (505) 646-3690 or at firstname.lastname@example.org.