Winners were recently announced for the spring 2007 South Dakota Stock Market Game (SDSMG), sponsored in part by Black Hills State University.
A record number of 960 students from 50 South Dakota schools formed 400 teams of stock market investors during the 10-week trading period of the spring 2007 SDSMG session. Students working in groups researched various companies and industries and purchased shares online beginning with $100,000 in cyber funds.
According to BHSU associate professor Don Altmyer, it was a good time to be in the market as the 10-week trading period concluded with a strong bull rally and all three of the major market indices up three percent. The top teams in the SDSMG beat those market indices.
“Students in the state were excellent stock pickers as the top stock portfolios were much higher than comparative investments in the market indices,” Altmyer said. “The winning teams bought steel, oil, copper and concrete companies.”
In the middle school division, out of 22 competing teams, a Philip Elementary School team advised by Carmen One Skunk took first place with a final portfolio of $105,184. A Belle Fourche Middle School team advised by Kristy Messner took second with $104,503.
The top two places in the high school division, out of a total of 352 competing teams, were awarded to two Upton High School teams, both advised by Karla Ludemann. The winning team had a final portfolio of $122,820, and the second-place team had $118,383. Other winners included: third place, Emery High School, advised by Scott Schultz, $112,011; fourth place, Avon High School, advised by Darlene Schultz, $111,761; fifth place, Colman-Egan High School, advised by Terrance Stulken, $111,444; sixth place, Clark High School, advised by Jerome Nesheim, $109,571; seventh place, St. Francis Indian School, advised by Matthew Douglas, $107,923; and eighth place, Clark High School, advised by Nesheim, $107,913.
The top four college teams, out of a total of 26, were: first place, Altmyer, $132,718; second place, Cassie Branaugh, $118,901; third place, Megan Baum, freshman from Rapid City, $106,771; and fourth place, DesiRae Sampson, junior business administration major from Colome, $105,184.
The fall 2007 SDSMG session starts Monday, Oct. 1. The BHSU Center for Economic Education will conduct free teacher training workshops prior to the start of the fall session. For more information contact Altmyer at DonAltmyer@bhsu.edu or call 642-6266. To register for the SDSMG, visit www.smgww.org and follow the registration prompts.
The SDSMG is an innovative education tool that motivates students and supports teachers in building lifelong learning skills. Each year, about 600,000 students on 150,000 teams in all 50 states participate in the Stock Market Game program through university centers and state councils on economic education.
Sponsors for the SDSMG are the BHSU Center for Economic Education, the Central States Securities Industries Association and the South Dakota Council on Economic Education.