A Lewisburg team retook first place and one from Milton moved up from third to second in the high school division after five weeks of the scholastic stock market competition.
Meanwhile, in the middle school division, Lewisburg held onto first place and Warrior Run remained in second, but a new team in the Danville Middle School, advised by Ashley Reidinger, moved onto the leader board and into third place, replacing adviser James Brennan’s team from the same school, which was in fourth last week.
All of the teams have a strategy.
Milton Area High School team adviser Debra Bleistein said each student in her personal finance class plays his or her own game in the competition.
“Prior to playing, we discuss the stock market, as well as, other investment options,” Bleistein said. “Discussion includes diversification, stocks, bonds, sectors, capital gains/losses, et cetera. Students are free to choose their investments. About two weeks into the game students are introduced to the concepts of short selling and mutual funds. I find that most students stick with buying long. I allow class time to check their portfolios with the hope that they will continue to look throughout the day.”
Short selling involves borrowing shares and selling them to try to buy them back at a cheaper rate in the future.
In the stock market competition, teams of one or more students each manage a hypothetical investment of $100,000 in stocks, bonds and mutual funds and make buying and trading decisions based on the stock market. The students whose investments make the most money win. The competition runs until April 21.
“The stock simulation software is from StockTrak, a global leader provider for universities, and the company that Bloomsburg University has used for 15 years,” said Carolyn Shirk, who is coordinating the competition.
The program is called How the Market Works, Shirk said.
The Northumberland National Bank, The Daily Item and Bloomsburg University’s Zeigler College of Business are co-sponsoring the competition.
Email comments to firstname.lastname@example.org. Follow Sylvester on Twitter @JoepSylvester.