The 1989 Challenge also will include a contest for high school students. Deadline for registering is Oct. 27. The top 10 collegiate finishers and their guests will be flown to the Bahamas for an awards banquet and a week's vacation. DeMello's creation, popular in homes and offices as well as on college campuses, is a financial success story. But DeMello is equally proud of the game's educational value and points out that college professors have been using Wall Street Games as a classroom tool.
All trading is done during actual stock market hours.
The competition ends when the stock market closes at 4 p.m. Eastern time Feb. 28. Each month, the college students will receive personal account statements. Wall Street Games also ranks students by campus and by state, so students can check how well they're doing against other players each month. The top 250 students nationally each month will receive various prizes. Last year's top finisher, Julie McRedmond, increased her stock portfolio a stunning 355 percent by watching for stocks that had increased by 100 percent or more in volume on the previous day and then purchasing or selling short large quantities of those stocks.