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KEARNS TEAM WINS STOCK COMPETITION

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Kearns High School's Academy of Finance team "Cougar Corporation" out-invested 51 other teams across the state this spring to take top honors in the spring Stock Market Game competition.

Cougar Corp., run by senior Sumala Yong with help from teacher/adviser Steven Miller, invested a hypothetical $100,000 on Feb. 9 and cashed out with $128,402 on April 19.Second and third places were won by two teams from Ogden High School, which completed the nine weeks of the game with $112,492 and $110,451, respectively.

According to Shauna Mackintosh, program director for the Academy of Finance, a two-year program for high school juniors and seniors that offers training in various financial disciplines, Cougar Corp.'s strategy was to diversify into four different industries. They invested $25,000 in six separate stocks with their initial $100,000 stake and invested another $50,000 on margin.

Stocks purchased, said Mackintosh, were Gitano, McDonnell Douglas, GMH, Nordstrom, LA Gear and McDonald's. All made money for the team and Cougar Corp. led the competition from the fourth week on. She said Yong decided which stocks to buy and and Miller, who teaches "World of Finance" and "International Finance" at Kearns, helped with diversification.

Yong won a $10,000 Pennzoil academic scholarship to the University of Utah for 1990-91.