ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Monday, February 5, 1996 TAG: 9602050020
SECTION: VIRGINIA PAGE: C-3 EDITION: METRO
DATELINE: LYNCHBURG
SOURCE: Associated Press
A bold move on the stock market paid off big for three eighth-graders at Brookville Middle School, and the trio rode the bullish buy to victory in a game against almost 2,000 other teams.
Too bad they were using play money.
Adam Wright of Brookville and teammates Charles Minix and Sadie Smith were in last place in the game, for which nearly 2,000 teams of would-be investors were given $100,000 in play money to invest in the stock market.
In the fourth week, Adam recognized the need for a bold move and began scanning the stock tables in search of a winning investment.
``I just started with the A's,'' Adam said, ``I figured I'd work my way through all the letters.''
Shortly after he started, his interest was piqued by a company called Amre Inc. His research showed the stock had been climbing, and a phone call to a stockbroker yielded further evidence that the choice was a winner.
The team dumped all its other stocks and bought 13,000 shares of Amre at $7.25 apiece. A few weeks later, they bought 8,000 more for $11.25 each.
When the 10-week period for the game was over, Amre had climbed to $13.50 per share, and the Brookville students were in the black to the tune of $78,594. That was better than any of the other teams in the game had performed.
The students came from Susan Wright's principles of business class at Brookville. She said this is the second year the class has participated in the game, sponsored by the Virginia Council on Economic Education and others.
LENGTH: Short : 38 linesby CNB