Over the course of a two months period, 500 students participated in the IVE Stock Market Competition representing colleges and high schools from all over the Unites States to as far as Austria, Denmark, India and China. Every participating student received a trading budget of $10,000 to invest in both virtual and real stock using the IVE MarketMaker. To celebrate this success and to announce the winners of the IVE Stock Market Competition, IVE hosted its First Annual IVE Collaborative Conference at Kingsborough Community College, CUNY on March 28, 2007. Highlight of the award ceremony was an online presentation of students from the University of Graz in Austria. The students are part of the virtual enterprise eXpand and presented their experience about participating in the Stock Market Competition via distance (GotoMeeting.com) to students from New York, California, and India. After their presentation, Mr. Jay Eliades (liaison from the California HS Network) and Mr. Richard Levitt (Chairman of IVE Global Bank) announced the winners of 2nd Annual IVE Stock Market Competition. And the winners are¡
- Rajeev Ranjan Kumar (IIT Guwahati, Assam, India)
(Net Gain of $ 19,117.91)
- Steve Carpenter (Lindhurst High School, CA, USA)
(Net Gain of $ 5,862.08)
- Lupe Lomeli Jr. (HYDROCITY, Fairfield High School, CA, USA)
(Net Gain of $ 2,578.00)
- Matthew Yang (Amor¨¦ Pets & More, Clovis East High School, CA, USA)
(Net Gain of $ 2,026.00)
The winners received and Barnes and Noble gift certificates and award certificates. After the award ceremony Prof. Edgar Troudt read an interview that IVE conducted with the winner Rajeev Ranjan Kumar to the audience. Rajeev Ranjan¡¯s investment strategy was quite remarkable and he was very appreciative of having been given the opportunity to participate. During his interview he shared his secret of success:
Since the competition was for only for a short period of? time I went through the real stock market data provided by Google finance and Yahoo finance. I selected those companies to invest whose share prices varied about 15-20% (RAHT, SYMC, GOOG¡.)? during a short period of time. I limited my trading to +/- 15-20%. I made most of money from real stock, since there was no history of data for virtual companies.
To read the Powerpoint Stock Market Conference click here
To read the full interview click here
To access the final trading results click here
IVE Associate Director Christoph Winkler was excited about these outcomes and is looking forward to an even bigger competition next year. If you are interested in participating, please contact Christoph Winkler at cwinkler@kbcc.cuny.edu.
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Indian Student Wins IVE Stock Market Competition 