Virtual Stock Exchange Debrief Paper
Virtual Stock Exchange Debrief Paper For economic class, all seniors were assigned a project to gain a better understanding of investments in stocks and how quickly stocks may plunge or rise. Thankfully, Mr. Honeywell set the project on Virtual Stock Exchange, which peaked interest in all players because we were all competing for the first place. The starting amount for the virtual stock exchange game was set at $100,000 and that all players must invest about $10,000 per stock. Eagerly to win, all participating students invested in stocks of brand names and random companies. As the game fast forwarded with time, we all learned to do some research before investing in a random stock.
Along the course of the game, certain positions exceed …show more content…
The performance gap between the first ranked person and me showed how poorly I was doing in terms of investing. For an example, Tesla, known as an American automotive and energy storage company, was doing well and brought in profit to those who invested in it. Until manufacturing issues emerged with the Tesla's supplier, causing a shortage and delayed deliveries. This heavily impacted Tesla Motor, resulting in a gigantic drop in the stocks as well as their profits. I kept my shares from Tesla, thinking that after a couple of days, the overall gains will go from the red to green. However, that was not the case. The Tesla stock continued to drop and did not show a sign of improvement in the near future, forcing many investors, including myself, to sell the stock. Another company that I invested into was Virgin America, a United States-based airline. During March, the stocks of Virgin America did not show any gains, in contrast, it showed a steady decrease in its value. These conditions changed for the airline when a potential buyer approached the company after Virgin America was considering on selling itself. The news of Virgin America selling itself and the approached buyer led to an addition of 13% in its overall gains. A few days later, numerous sources had stated that JetBlue and Alaska Air had submitted bids to buy Virgin America, sending
Along the course of the game, certain positions exceed …show more content…
The performance gap between the first ranked person and me showed how poorly I was doing in terms of investing. For an example, Tesla, known as an American automotive and energy storage company, was doing well and brought in profit to those who invested in it. Until manufacturing issues emerged with the Tesla's supplier, causing a shortage and delayed deliveries. This heavily impacted Tesla Motor, resulting in a gigantic drop in the stocks as well as their profits. I kept my shares from Tesla, thinking that after a couple of days, the overall gains will go from the red to green. However, that was not the case. The Tesla stock continued to drop and did not show a sign of improvement in the near future, forcing many investors, including myself, to sell the stock. Another company that I invested into was Virgin America, a United States-based airline. During March, the stocks of Virgin America did not show any gains, in contrast, it showed a steady decrease in its value. These conditions changed for the airline when a potential buyer approached the company after Virgin America was considering on selling itself. The news of Virgin America selling itself and the approached buyer led to an addition of 13% in its overall gains. A few days later, numerous sources had stated that JetBlue and Alaska Air had submitted bids to buy Virgin America, sending