The Steel 'N' Stock team from Mount Healthy North Middle School shot to the top of the Stock Market Game this week as its main holding completed an international merger that Wall Street seemed to like.
Anderson Group Inc. (ANDR) Tuesday said it bought Russian cable company ZAO ComCor-TV - sending its shares up 21.6 percent that day. The company changed its name to Moscow CableCom Corp. and began trading a new Nasdaq ticker symbol, MOCC, Thursday.
But Wednesday, the students from Dawn Utter's class sold their 7,500-share investment - profiting $14,460.
That's the point of the Stock Market Game - to make the most of $100,000 through simulated investments over 10 weeks. Student teams and adult players across Greater Cincinnati borrow on margin and even sell short to battle for returns.
The most money so far is being made by the adult division leader, J. Sapitro of Liberty Township, mostly based on a very lucrative investment in Argentine financial services holding company Grupo Financiero Galicia SA (GGAL).
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Stock Market Game