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Mr. Ostman’s Stock Market Project
Hosted by: VirtualStockExchange.com
Do NOT start this until instructed to do so!!!! (April 3, 2009)
Please follow the following directions and guidelines to start the competition .
- Go to the website www.VirtualStockExchange.com and click on "Register Now".
- This will get you to the registration page. Enter the data in the proper fields as you have written on your sheet and then click on "Register". I will need this information to provide your grade. Remember: Every bit of information you post on this website MUST be school appropriate. The penalty will be zero points for this whole project!
- Log in with your data (name and password) and click on "Log On"
- Click on the "Competitions" tab near the top.
- Then click on "Find or Create a VSE Competition"
- In the field "Enter Competition ID", type "Cheboygan" and click "go".
- This page should contain the table titled "Mr. Ostman's Stock Market Project summary". Click on "Click here" to join.
- The competition password is "Ostman".
- From now on, every time you go to Virtual Stock Exchange.com just click on "Log In". Once you have logged in, you must click on your "Chiefs" portfolio to participate in the class project. The "individual" portfolio can be used for practice.
Stock Market Competition Rules
- Each team starts with a fictional $100,000. You may buy on margin (50%). This means you can borrow as much money as you have cash. So each team has $200,000 worth of purchasing power to start with.
- The competition ends June 2009.
- You can short sell stocks. This means you can make money on stocks if they go down in value.
- Limit orders are allowed as are stop loss orders.
- There is a minimum of $2.00 stocks. That is a stock must be over $2.00 per share for you to buy it.
- You can only trade the maximum volume of that stock.
- Your portfolio can, at most, only contain 75% of any one stock. In other words, you can not put all of your money into one stock. (You should never put all your eggs in one basket!!! Just ask Enron’s employees)
- Commission to trade a stock will cost $19.95.
- To borrow money (margin count) the annual interest rate will be 6.00% and money in your account not in stocks, will earn 4.00%.
- You will not be able to see your stock trades for at least 20 minutes.
- You may access and trade 24 hours a day but the actual transaction will not take place until the markets open at 9:30 am M-F. The markets close at 4.00 p.m.
Grading Procedure
- Everyone has the potential to earn at least 50 points.
- Every three weeks your portfolio will be graded on the following:
- Actively trading
- Cooperation and collaboration of group
- Any other assignments that maybe given.
- Each group member will be given an individual grade based on his or her participation.
3. Completion of the 3 transactions.
4. Write up and completion (June 4, 2009).
5. Extra Credit points can be earned.
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