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West Seneca Academy of Finance Students Place at Stock Market Challenge | Schools

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West Seneca Academy of Finance Students Place at Stock Market Challenge
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West Seneca Academy of Finance students strongly represented the school district, emerging among the top performers at the 2010 Stock Market Challenge sponsored by Junior Achievement of WNY on Nov. 9, at the Hyatt Regency Hotel in downtown Buffalo. Four out of six West Seneca teams placed in the top five at the competition.

The Stock Market Challenge is an unpredictable ride through the highs and lows of the stock market.  All the energy and excitement of the stock trading floor is simulated in this innovative and high-tech event. More than 200 area high school students competed in teams of four as they race to accumulate the highest portfolio.  Adrenaline was pumping as students shouted out for floor traders trying to outwit their opponents by making the smartest, most lucrative stock investments.

Teams begin the game with $500,000 trading dollars to invest in fictitious stock. Once the trading begins, every 60 seconds is a new trading day in a volatile market. Players track their stock portfolio and their team’s standings on three large screens. Teams buy and sell stocks from “traders” equipped with handheld computers that instantly send trades to the system. Corporate teams may add to their portfolio through real dollar purchases of additional “trading dollars.” The team with the largest portfolio after 60 days of trading (compressed into two-hours) wins.

Both National Finance Academies from West Seneca East and West Senior high schools were represented at the challenge.  After the simulation was complete and portfolio values were finalized, four of the six West Seneca teams placed in the top five.  The “Accounting Sharks” from East Senior, including seniors Travis Chavanne, Zach Guzda, Tim Herman and Mike Hill, finished in second place. Junior students Brendan Barren, Matt Hoesterman, Leslie Keegan and Aaron Standish won third place as “Team Deuce” from West Senior.  The junior team, “Bros. United,” from East Senior finished in fifth place and comprised Tom Bebak, Alex Boccolucci, Blade Sorrentino and Jake Szarowski.  And the East Senior team “JM²” placed sixth of 47 teams, thanks to James Berbary, Miranda Czechowski, Makensie Pietz and Julia Suriani.

All of the teams from the West Seneca schools that participated in this challenge can be proud of how well they represented their Finance Academy programs amongst other area schools.  Special recognition and thanks are owed to the teachers who worked with and prepared these students for success:  Nancy Brownson and Arlene Hathaway of the Business Department and West Seneca Finance Academies.  

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