November 2, 2008
Kids are losing a lot of play money in the market
WILMINGTON, Del. - Michael Ashworth slumped by his computer, weary from another rough day in the stock market. All his favorite picks - Domino's Pizza Inc., Hershey Co. and Gap Inc. - were down.
"I'll be honest with you,'' he confided. "Before all this, I asked my mom to get me stocks for Christmas,'' but then "I told her not to do it. I asked for a parakeet instead.''
Michael, a 13-year-old at Wilmington's Skyline Middle School, is one of 700,000 players in the "Stock Market Game,'' a scholastic contest in which students from grades four through 12 get a hypothetical $100,000 to invest in stocks, bonds or mutual funds.
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