The 2011 Honesdale National Bank Stock Market Challenge has progressed to its fourth week of eight (see current results at right), and the 9th-grade American Cultures honors class at Carbondale Area Jr. Sr. High School is deeply immersed in picking, selling and buying stocks.
The 2011 Honesdale National Bank Stock Market Challenge has progressed to its fourth week of eight (see current on page 3 of the Carbondale News), and the 9th-grade American Cultures honors class at Carbondale Area Jr. Sr. High School is deeply immersed in picking, selling and buying stocks.
Seven schools are participating in the Ecomomics Pennsylvania Stock Market Game, but Carbondale Area’s “team” is a little different than other students in the competition: players at other schools are mainly juniors and seniors; at CA, the players are not only all freshmen, but they are all honors students who are also pitting their stock market ability against each other.
The class teacher, Mr. Jerome Kairiss, told the NEWS that he introduced a stock market curriculum to his students last fall.
“At the beginning of the school year,” he explained, “they were pretty naive. By the time the Stock Market Challenge started, their understanding of how stocks work was very mature.”
“We start out with $5,000 on paper,” student Greg Nepa commented. “Then we look at the stock market results, and try to buy stocks that are doing well.”
Hayley Skorupa said, “It’s fun competing with other schools on-line. But we also compete with other teams in our own class, and the best team in the class goes up against students at the other schools.”
“It’s amazing how quickly stock values can change,” Josh Scombordi observed. “Buying and selling stocks is really very risky.”
John Scirone said the class tries to diversify their stock picks. “We try not to pick a stock that someone else already bought, or not buy the same stock twice,” he commented.
Mr. Kairis said the stock market game also directly relates to the classroom curriculumn. “We review currents events each day,” he explained, “and then discuss how things going on the world might affect various stocks, such as how unrest in the Middle East might might cause oil stocks to fluctute.”