Eric Dunn, of White Knoll High School in Lexington, SC has been named winner of CUNY IVE's Fifth Annual Stock Market Competition. Almost 400 students participated in the two month-long contest, representing Arizona, California, Massachusetts, Ohio, South Carolina, New York in the US as well as Australia, Denmark and Austria abroad. Each student began with a trading budget of $10,000 to invest in the virtual and real stock market using the IVE Market Maker (www.ivefinancial.com). The recent economic downturn and uncertainty in the global marketplace made this year's competition a particular challenging one; however, the students welcomed the challenge, carefully made investment decisions, and successfully increased their trading portfolios.
Over five seven million dollars in equity were traded- with 3.2 million dollars bought and nearly 2.7 million dollars sold. Eric Dun grew the value of his portfolio by more than 100 percent. IVE Director, Dr. Stuart Schulman, congratulates Eric and all students on their accomplishments and is already looking forward to next year's competition.
Congratulations to the three winners of the 2010 IVE Stock Market Competition:
- Eric Dunn ($20,742.7), White Knoll High School, Lexington SC
- Sally Jang ($19,363.8) California VE Network
- Travis Gee ($17,264.43) California VE Network
The top three winners who will receive Staples gift certificates will be officially recognized during the Online Trading Day on May 5th, 2010.
To access the list of the top 50 students click here
Detailed trading statistics can be found on www.ivefinancial.com