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Thursday, February 26,
2009
5:30 pm - 8:30 pm
5:30-5:50 pm
Arrival & Registration
5:50-6:20 pm
Emcee Introduction & Game Instructions
6:20-7:00 pm
Opening Bell, First 30 day trading session
7:00-7:20 pm
Break Cocktails & Hors de oeuvres
7:20-8:00 pm
Opening Bell, Second 30 day trading session
8:00-8:20 pm
Closing Bell & Awards
Junior Achievement of Central Iowa
Richard O. Jacobson BizTown
6100 Grand Avenue
Des Moines
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The SMC Premise: Teams of four register with Junior Achievement,
and are given a list and description of 26 fictitious stocks as well
as $500,000.00 trading dollars which they use to invest in their
desired portfolio. On the evening of the event, teams gather and
prepare for the opening bell. Once the bell is rung, the market is
open and each day is only 80 seconds long! Trading takes place for
two 30 Day sessions.
Teams can track the performance of their portfolios, and their
standings from information provided on 3 massive screens at the
front of the room. Throughout the event information in the form of
News Releases, Hot Stock Tips, and Portfolio Printouts are
available. This gives, teams insight as to how certain stocks will
perform. How well teams interpret this information is imperative to
their success. Teams can make trades by attracting the attention of
a floor trader. Each floor trader is equipped with a hand held
computer that puts team’s orders instantly into the system via
wireless transmissions. All transactions occur in real time.
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- The Stock Trader
Sponsorship $2500 provides a team of four and company logo on
Stock Market Screen at event. Additional teams for the corporation
may sign up as
Challenge Teams at $1000. Register Teams online by January 10,
2008
- Every corporate team of
four will begin with $500,000 in "trading dollars" / "Cash" that
they can then
use to invest in real local companies in a "simulated market."
- Fictitious company names,
3-letter stock symbols, and a brief description are provided to
enable teams
to identify the 26 stocks available. Each company’s name begins
with a different letter of the alphabet.
- Floor traders with handheld
computers come to tables to take trading orders.
- Three large screens will
display the following: Team Net Worth, Daily Stock Prices,
Trading Days from 1 to 60 and Graphical Depictions of Stock
Performance.
- To track progress,
Portfolio Statements may be obtained from any of the on-site
printing stations.
- All trades made after the
initial stock picks will be subject to a trading commission of
1.25%, which will be automatically deducted from the team’s total.
- Teams will have
opportunities to purchase press releases and hot tips regarding
world events, industry developments, etc. throughout the event;
this news will affect stock values and will challenge participants
to think on their feet. Teams should have a little extra cash on
hand.
- Trading will commence with
the ringing of a bell and continue for 40 minutes. After a
10-minute break, trading will resume for another 40 minutes and
finish at the ringing of the bell. Each trading period/day will
last for one minute; there are 60 total trading rounds.
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