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IVE Crowns Stock Market Winner 2008 Kevin Wright, of the California VE Network, has been named winner of CUNY IVE's Third Annual Stock Market Competition. Nearly 400 students, representing New York, California, Denmark and Austria, participated in the two month-long contest. Each student began with a trading budget of $10,000 to invest in the virtual and real stock market using the IVE Market Maker. The recent turbulence on Wall Street made 2008 a particularly volatile year, but the students welcomed the challenge, carefully plotting moves and decisions, which are today reflected in the competition's success. Over five million dollars in equity were traded- with about three million dollars bought and nearly 2 million dollars sold. Kevin Wright grew the value of his portfolio by more than 70 percent. During the online award ceremony on April 9, 2008, Wright shared his trading secrets, highlighting the importance of keeping on top of the news. Wright said he began by investing in commodities, to establish a secure base for further trading and proceeded cautiously, taking more risks towards the end of the competition. IVE Director, Dr. Stuart Schulman, congratulates all students on their accomplishments and is already looking forward to next year's competition. Congratulations to the three winners of the 2008 IVE Stock Market Competition: Kevin Wright, California VE Network, Yi Zhu , Virtual Enterprise, Brooklyn College:(photo) Brianna Chiapellone, California VE Network To access the list of the top 50 students,  Click Here Detailed trading statistics can be found on   www.ivefinancial.com   Posted on 2008-04-17 08:49:41  [ Return to Previous Page ]