April 20, 2007 by Dorothy Hughes NMSU News Center
Students from Silver City and Cimarron, N.M., have taken top honors in the spring 2007 Stock Market Game sponsored by the New Mexico State University College of Business, the New Mexico Securities Division and Cabrera Capital Markets Inc.
The state championship in the portfolio competition was snagged by the team of Elias Montoya and Eric Jauriqui from Silver High School. Both participated under the direction of teacher Renee Upton.
The state champion team in strategy summary writing consisted of Carrie Anderson, Haley Porter and Angela Villa, students at Cimarron High School, with teacher Holly Searer.
The portfolio competition is based on the total value of the team’s equity in its portfolio, while the writing competition requires teams to discuss the strategy they employed, followed by what strategy they learned would be most effective in real life using real money with an unlimited period of time. In addition to the state championships, first place in each of five regions in the state were also awarded in both categories.
In a separate Doña Ana County competition the top teams were awarded a $50 savings account by FirstLight Federal Credit Union. The top high school team in the county consisted of Oñate High School students Matt Griffin and Kristin Cleveland, under teacher Virginia Kluess. First place in middle school was taken by Katy De La Isla and Ariana Garcia, students at Sierra Middle School supervised by teacher Ruben Nañez. First place in elementary was won by Brandy Main, a student at Main School, advised by teacher Jeanette Main.
The Stock Market Game program is a computer-simulated competition played this spring by almost 2,100 New Mexico participants, 300 more than last semester.
Dorothy Hughes, Stock Market Game Coordinator at NMSU, said, “The stock market was relatively calm this spring, but there were some reactions to various international news stories that were very educational for the students. Once again, the students with winning portfolios had several little known stocks, demonstrating how important the research component of the program has become. In the strategy summaries submitted, the students showed an excellent understanding of the difference between the strategy needed to succeed in our ten-week program versus what will work best in real life with no time limit and real money.”
SMG teams begin with an imaginary $100,000 and during a 10-week period each semester the competitors make transactions with real stocks and mutual funds traded on the three major U.S. stock exchanges for which they are given actual closing prices. More information about specific rules is available at: http://www.stockmarketgame.org.
The Stock Market Game is the only stock market simulation-based educational program endorsed nationally by both the industry (the Securities Industry and Financial Markets Association) and the regulators of the industry (the Securities and Exchange Commission). Teams conduct all of their transactions and perform much of their research online. They are aided by a number of other educational resources and Web sites, many of which are available only to registered SMG teachers and students.
Each semester the top state and regional winners in both competitions in New Mexico are presented with plaques, t-shirts, and certificates and every participating teacher’s top team members receive certificates. More than 200 awards were presented this spring. In addition, winners from both semesters are invited to attend one of the annual awards luncheons held the first week of May in Albuquerque and Las Cruces. All state and regional winners from the spring 2007 SMG are listed on the NMSU Stock Market Game home page under Recent Winners: http://business.nmsu.edu/nmsusmg.
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 can call Hughes at (505) 646-3690, e-mail her at firstname.lastname@example.org or log onto the main Web site and learn more about the program.
This event is part of NMSU’s continuing outreach efforts to help educate and improve the lives of citizens of our community and state.