What are some companies that are sky rocketing that I could invest in for the Stock Market game in school? What are some that are staying steady and are good to invest in? All opinions are appreciated!..Especially from the business people!
2007-02-14 05:02:50 · 1 answers · asked by Anonymous in Education & Reference ➔ Homework Help
Hi Dani,
Unfortunately, nobody (at least legally) knows the answer to your question. This is particularly the case with contests like yours, where the time frame is short.
That said, in most such contests (I don't know about yours), there is recognition for winning, but no distinction between second place and last place. What that means is you might as well play to win and not worry about the prospect of coming in last.
So, to have a chance of winning, take as much risk as possible, and hope for the best. Do this by buying 5-6 companies in different industries, each with very high betas and low capitalization. These will have the most likely big price swings, and you could win if those swings are up.
You can look up companies by beta and capitalization on finance.yahoo.com. Hit the link to "screener" under stocks on the left, then pull up the HTML Screener. Ask it for betas of at least 4, and capitalization as small as the menu will allow. Then pick a few of the companies that come up.
A lengthy answer, and not what you were wanting, but it could work. Have fun!
2007-02-14 10:04:18 · answer #1 · answered by Jamestheflame 4 · 0⤊ 0⤋