Congratulations to Jordan Fussnecker and Rebecca Hafer - apparent winners of the Stock Market Game, having turned a mock $100,000 into $163,240.
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STANDINGS
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Standings as of Thursday. Final standings will be posted this afternoon.
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The final standings are tentative, but the Ripley-Union-Lewis-Huntington Bluejays hold a $6,868 lead over their closest challenger, the Speedy Schirmies of Cincinnati Hills Christian Academy.
Final portfolio sizes are calculated overnight to account for closing stock prices, interest, and margin costs - so standings linked here are as of Thursday. Final standings will be updated this afternoon.
But with the shares of Best Buy and Circuit City dominating the Bluejays portfolio faring better Friday than the Schirmies' picks of Cisco and Intel, the Bluejays can probably start celebrating - and making plans for their $125 prize.
Investor 101
Most investors buy stock either through market orders or limit orders.
A market order is an order executed at the best available price. It's like paying the going rate.
The advantage is you get your order filled, usually in minutes. The downside is the price might have gone up before the order is filled.
A limit order is an order to buy at a set price. You name your price and wait to see whether someone will sell for it. Limit orders account for two-thirds of all orders on the Nasdaq and NYSE. Most last just for the day, unless you specify the order is Good Till Canceled (GTC).
A limit order's advantage is that you know better what you're paying and usually feel more in control during volatility. Its disadvantage is that you won't get your stock if no one will sell at that price.
- Amy Higgins
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