Dec. 22, 2003 by Jeany Llorente NMSU News Center
Students from Rio Rancho, Deming and Santa Rosa have taken top honors in the fall 2003 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 Rio Rancho Mid-High School students James DeOreo (captain), Frances Doyle, Brendan Bidal and Nicole DeLorenzo, under the guidance of teacher Trisha Dworsky.
In the Essay Contest, first place in the Bull Division (grades 9-12) was taken by Cody Elton Huffmon, from Deming High School, under the guidance of teacher Claudia Rossman. First place in the Bear Division (grades 4-8) was snagged for the second semester in a row by Jenner Wagner Hedges, from Santa Rosa Elementary School, under the direction of teacher Olen J. Hedges.
The Stock Market Game was played this fall by more than 1,800 high school, middle school and elementary students and more than 200 college students in New Mexico.
“The stock market was very cooperative this fall with a few scary drops but mainly a gradual increase. It was an especially good time for students to see how both national and international events affected our economy and the markets,” said Dorothy Hughes, Stock Market Game coordinator at NMSU.”
Game officials are expecting an increase of participation in the spring due to the elimination of team fees for all teachers and students in New Mexico.
“This is possible because our new sponsor, Cabrera Capital Markets, Inc., is providing funding to cover the cost of all team fees and more. As we are celebrating our 20th year at NMSU, we couldn’t ask for a better anniversary present,” she said.
Stock Market Game teams begin with an imaginary $100,000 and during a 10-week period each semester make transactions with real stocks with the daily closing prices from all three stock exchanges. Players may buy, sell, short sell and short cover, and all transactions are charged a 2 percent broker fee. Teams may buy on margin and are charged 7 percent interest. Teams receive 5 percent interest on cash balances and receive dividends that are paid on stocks in their portfolios during the game. The goal is to increase the value of the portfolio as much as possible in the 10 weeks. The portfolios and ranking reports are updated daily.
Teams conduct all their transactions and perform much of their research online, aided by a number of other educational resources and Web sites, many of which are only available to registered SMG teachers and students.
Each semester the top state, regional, and essay contest winners in New Mexico are presented with plaques, T-shirts, and certificates and every participating teacher’s top team members are awarded certificates. Almost 200 awards were presented this fall.
Winners from both semesters are invited to awards luncheons, sponsored by Thornburg Funds, held each year in Albuquerque and Las Cruces in early May.
Other New Mexico winners include: First place in the Northern High Division, teacher Noel Hager and students from Sandia High School; second place in the North High Division, teacher Pamela Rothery and students from Sandia High School; first place in the Southern High Division, teacher Claudia Rossman and students from Deming High School; second place in the Southern High Division, teacher Lance Wilbanks and students from Artesia High School; first, second and third place in the Middle School Division, teacher Trisha Dworsky and students from Rio Rancho Mid-High School; first place in the Elementary School Division, teacher Annette Youngren and students from Larragoite Elementary; and second place in the Elementary School Division, teacher Betsy Ward and students from Animas Public Schools.
Before the game each semester, Hughes offers training workshops, during which game rules and general investing information is provided. Anyone interested in participating in the workshops and/or the Stock Market Game can contact Dorothy Hughes at (505) 646-3690 or at firstname.lastname@example.org.
More information on the Stock Market Game can be found at: http://www.smgww.org.
Nationally, the Stock Market Game has been in operation for 27 years. More than 800,000 people participated last year in all 50 states. It is sponsored by the Foundation for Investor Education and receives financial support and teaching materials from many major corporations, brokerage firms and the three stock exchanges.