Renegades, Stooges top picks for stock game

Those who think The Three Stooges don’t have some smarts or that the Renegades are a bunch of outcasts have never met the top winners in The Herald Stock Market Game.

Each year local students in grades 6-12 play the game with $100,000 in imaginary money to buy and sell stocks listed in The Herald 100. Students also can choose to buy gold and silver.

Thanks to a $1,000 grant by the Midwestern Economic Education Foundation, the top performers are taken on a trip to tour the Cleveland Federal Reserve Bank in downtown Cleveland. Members of the teams coming in first place in the elementary and high school divisions each win a $50 U.S. Savings Bond.

Kennedy Christian High School students Mike Kasula and Mike Namey formed The Renegades team and earned a cool $56,000 profit. The students of Jim Evans invested in large companies including industrial giant WHX Corp., colossal retailer Wal-Mart and Compaq, the computer producer.

Hermitage Elementary School students Chuck Kretchek, Ryan Delgros, Zack Morrison and Paul Leicht formed the Three Stooges team which netted them a take of $64,188. It was no laughing matter for the group (or as Curly would say: nyuk, nyuk) when it came to picking stocks.

The students of Nancy Bires also relied on corporate behemoths such as Disney, shoe and apparel maker Nike and electronics producer Sony.

It was a great learning time for all thanks to the Midwestern Economic Education Foundation.

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