NMSU branding

New Mexico State University

New Mexico State University

News Center




Albuquerque students top New Mexico in NMSU Stock Market Game

Students from Albuquerque have taken top honors in the Fall 1999 Stock Market Game Worldwide (SMGWW), sponsored by the New Mexico State University College of Business Administration and Economics and the New Mexico Securities Division. The State Championship was won by Rio Grande High School teacher Heather Pillman and 34 third-period students, led by captain Mark Hubchenko.


An innovative method for teaching economics to students, the NMSU Stock Market Game is a computer-simulated competition played by more than 4,500 high school, middle school and elementary school students throughout New Mexico and West Texas. "The game this fall has been exciting as well as educational due to the continuing increase of stock prices and a high level of press coverage of the U.S. economy," said Dorothy Hughes, NMSU Stock Market Game coordinator. "Despite a few temporary dips in stock prices, the markets were at record highs at the end of the game."

Each team playing the game begins with an imaginary $100,000 to invest in the market during a 10-week period, making transactions based on daily closing prices from all three stock exchanges. Players may buy, sell, short sell and short cover, and all transactions are charged a 2 percent broker fee. Teams also may buy on margin, said Hughes, but are charged interest at 7 percent. The goal is to make as much money as possible during the 10-week period. The Rio Grande team ended with a state championship-winning $154,609.

There are two versions of the game. In the traditional method, transactions are recorded on scan sheets that are mailed to NMSU, read by an optical scanner, then fed into a computer. Each week the portfolios are updated and mailed, along with a ranking report, to each participating team. An Internet version began three years ago and has been steadily gaining in popularity, now representing 85 percent of registrations in the NMSU SMGWW. Teams are able to conduct their transactions online and receive dividends and interest on cash balances. Portfolios are updated daily and rankings are performed weekly on Friday nights. The Internet address is http://www.smgww.org.

Each semester the top state, regional and essay contest winners in New Mexico and West Texas are presented plaques and T-shirts and every participating teacher's top team members are awarded certificates. More than 500 awards were presented this fall, Hughes said. All of the year's winners also are invited to awards luncheons in Albuquerque and Las Cruces in May.

Other New Mexico winners include Estancia High School students and teacher Mildred Pritchett, High School Division, and Maxwell Middle School students and teacher Richard Galli, Middle-Elementary Division.

Before the game each semester, Hughes offers training workshops, during which game rules and general investing information is provided. Anyone interested in participating in the workshops or the Stock Market Game can contact Hughes at (505) 646-3690, via e-mail at dhughes@nmsu.edu or by mail at NMSU Stock Market Game, P.O. Box 5021, UPB, Las Cruces, NM 88003-5021.

Nationally, the Stock Market Game has been in operation for 23 years; more than 700,000 people participated last year in all 50 states. It is sponsored by the Securities Industry Foundation for Economic Education and receives financial support and the donation of teaching materials from many major corporations, brokerage firms and the three stock exchanges.