Published Tuesday, June 22, 1999 They were the products the top winners bought and sold to reap huge profits in The Herald Stock Market Game.
In the high school division Melanie Chongolola, Michael Smith and Stephen Jacobson of Sharon High School racked up $83,331 in profits to net them the top honors. Social studies teacher Gary Revale oversaw the team to victory.
Predragcq Jovic, Aaron Brest and Sean DeJulia of Hermitage Middle School topped the elementary division by generating $84,235 in profits. Their teacher, Rita McVey helped them cop the top honors.
Sponsored by The Herald and the Midwestern Economic Education Foundation, the game teaches and encourages students to learn about economics and the stock market.
Each team is given an imaginary $100,000 to invest in the stock of its choice as listed in the daily Herald 100, along with gold and silver. The goal of the 10-week game is to generate the most profits through buying stocks and the two commodities.
The Sharon High team used a strategy of buying such stocks as America Online, Dean Foods and Sony to score big bucks. The elementary team used Hershey, Nike and Intel to hit the big time.
Thanks to a $1,000 grant from the foundation, the top performers toured the Cleveland Federal Reserve Bank. Also, the winners of each division will receive a $50 U.S. Savings Bond.
