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American Morning
Interview With Winners of Student Stock Market Game
Aired January 22, 2003 - 07:44 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
BILL HEMMER, CNN ANCHOR: Well, look around and throw a dart. It seems like just everybody has taken a beating in the market these days. Not our next guests, though. They have bucked the trend in a big way. Three stock pickers who made a killing this past fall, a 34 percent profit at a time when the Dow and the Nasdaq were gaining 13 percent and 17 percent respectively. If you are impressed by that, get this -- they are all in middle school, teenagers.
Meet the winners of Delaware's Stock Market Game, an online trading simulation. They are Janea Murray -- Janea, raise your hand.
There we go. La'Keisha Brown. She likes to be called Keisha. Keisha, where are you? Nice. And Rayshene Richards is with us as well in the bottom right. Also their teacher, Thomas Karpinski. All live this morning from Skyline Middle School in Wilmington, Delaware. Good morning to you all, and congratulations.
THOMAS KARPINSKI, TEACHER: Good morning, Mr. Hemmer.
HEMMER: Keisha, tell us this. You chose the Gap, you made about $40,000. Pretty nice game. Why did you select the Gap?
LA'KEISHA BROWN, STUDENT: We diversified -- I mean, we diversified, which is possible with the exception of the Gap.
HEMMER: Did you like the products there at the Gap? Is that what kind of influenced you?
BROWN: No. A lot of people wear it in our school.
KARPINSKI: A lot of the students seem to wear Gap products, and besides the Gap, they also have Old Navy and Banana Republic. As a teacher, I see numerous students walk into my classroom wearing their products, so I'm sure these students also selected the Gap for that reason.
HEMMER: Yes -- many investors will tell you to buy what you know. But some of these other things, make me shake my head. You bought a Mexican pharmaceutical company, you bought a beauty product company, and you bought a company that makes engines for lawn mowers, Briggs and Stratton. Janea, tell us why these selections came your way?
JANEA MURRAY, STUDENT: Basically, we just picked them off the book, and if we didn't like them, I sold them to another stock. So I just picked them off the books.
HEMMER: Pretty smart move there. Hey, Rayshene...
KARPINSKI: Well, with the Mexican...
HEMMER: Hang on one second here. Not all winners here, two real estate stocks did not do so well. Bed, Bath and Beyond did not perform very well, and a health care stock not as well either. Rayshene, tell us how you took the news when you went to the negative side of your investing.
RAYSHENE RICHARDS, STUDENT: Well, we picked stocks that was -- that we was familiar with, and the other ones, we didn't pick because some of our stocks went down, but we sold them.
HEMMER: Yes, sold them off and got out just in time. Kind of like many of us wish we would have done. Hey, Tom, tell us this. What are they learning from the venture here in Delaware?
KARPINSKI: Well, it's a cross-reference between, basically, all curriculums. I mean, when you think about it -- I mean, there is mathematics in here, there is even social studies because they learn about other governments, their securities, their economies. Then with science, when they look up to all of these various stocks, the biotech stocks, the biomed stocks. And, in fact, one of them, I think, did quite well, one of their med stocks, I believe, or pharmaceutical stocks. Well, the Mexican pharmaceutical stock -- what is it, Groupo del Sabo (ph) that they selected? They did fairly well in that. They made some money on that.
HEMMER: Well, keep it going, OK?
KARPINSKI: So it is a cross-reference of curriculums.
HEMMER: That is right. A cross-reference, indeed. Tom Karpinski is the teacher -- keep it going, all right? And to Janea and La'Keisha and Rayshene, best of luck to you going forward, all right? Appreciate your time this morning with us.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
Aired January 22, 2003 - 07:44 ET
THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.
BILL HEMMER, CNN ANCHOR: Well, look around and throw a dart. It seems like just everybody has taken a beating in the market these days. Not our next guests, though. They have bucked the trend in a big way. Three stock pickers who made a killing this past fall, a 34 percent profit at a time when the Dow and the Nasdaq were gaining 13 percent and 17 percent respectively. If you are impressed by that, get this -- they are all in middle school, teenagers.
Meet the winners of Delaware's Stock Market Game, an online trading simulation. They are Janea Murray -- Janea, raise your hand.
There we go. La'Keisha Brown. She likes to be called Keisha. Keisha, where are you? Nice. And Rayshene Richards is with us as well in the bottom right. Also their teacher, Thomas Karpinski. All live this morning from Skyline Middle School in Wilmington, Delaware. Good morning to you all, and congratulations.
THOMAS KARPINSKI, TEACHER: Good morning, Mr. Hemmer.
HEMMER: Keisha, tell us this. You chose the Gap, you made about $40,000. Pretty nice game. Why did you select the Gap?
LA'KEISHA BROWN, STUDENT: We diversified -- I mean, we diversified, which is possible with the exception of the Gap.
HEMMER: Did you like the products there at the Gap? Is that what kind of influenced you?
BROWN: No. A lot of people wear it in our school.
KARPINSKI: A lot of the students seem to wear Gap products, and besides the Gap, they also have Old Navy and Banana Republic. As a teacher, I see numerous students walk into my classroom wearing their products, so I'm sure these students also selected the Gap for that reason.
HEMMER: Yes -- many investors will tell you to buy what you know. But some of these other things, make me shake my head. You bought a Mexican pharmaceutical company, you bought a beauty product company, and you bought a company that makes engines for lawn mowers, Briggs and Stratton. Janea, tell us why these selections came your way?
JANEA MURRAY, STUDENT: Basically, we just picked them off the book, and if we didn't like them, I sold them to another stock. So I just picked them off the books.
HEMMER: Pretty smart move there. Hey, Rayshene...
KARPINSKI: Well, with the Mexican...
HEMMER: Hang on one second here. Not all winners here, two real estate stocks did not do so well. Bed, Bath and Beyond did not perform very well, and a health care stock not as well either. Rayshene, tell us how you took the news when you went to the negative side of your investing.
RAYSHENE RICHARDS, STUDENT: Well, we picked stocks that was -- that we was familiar with, and the other ones, we didn't pick because some of our stocks went down, but we sold them.
HEMMER: Yes, sold them off and got out just in time. Kind of like many of us wish we would have done. Hey, Tom, tell us this. What are they learning from the venture here in Delaware?
KARPINSKI: Well, it's a cross-reference between, basically, all curriculums. I mean, when you think about it -- I mean, there is mathematics in here, there is even social studies because they learn about other governments, their securities, their economies. Then with science, when they look up to all of these various stocks, the biotech stocks, the biomed stocks. And, in fact, one of them, I think, did quite well, one of their med stocks, I believe, or pharmaceutical stocks. Well, the Mexican pharmaceutical stock -- what is it, Groupo del Sabo (ph) that they selected? They did fairly well in that. They made some money on that.
HEMMER: Well, keep it going, OK?
KARPINSKI: So it is a cross-reference of curriculums.
HEMMER: That is right. A cross-reference, indeed. Tom Karpinski is the teacher -- keep it going, all right? And to Janea and La'Keisha and Rayshene, best of luck to you going forward, all right? Appreciate your time this morning with us.
TO ORDER A VIDEO OF THIS TRANSCRIPT, PLEASE CALL 800-CNN-NEWS OR USE OUR SECURE ONLINE ORDER FORM LOCATED AT www.fdch.com
