<THE HARRY JONES PORTFOLIO>

ABC: Alpha Barn Cats

by Harry Jones

(March 1, 1999) -- Irv and I talked about cats after Friday. Irv knows this, but he doesn't seem willing to admit it. That is, when barn cats live in large numbers, they aren't the same as house cats.

When barn cats live in clans, an alpha male cat is the father to all the kittens and the mothers share in taking care of the kittens, even nursing young that don't belong to them. At some point, when a new alpha male shows up, he usually kills the kittens and quickly gets all the female cats in a family way.

That mother and the kittens in the old barn don't seem like barn cats to me.

The S&P was down 0.18% today.

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03/01/99 Close
Stock Change Close SPY + 11/32 123.91

Day Month Year History HARRY +0.28% 0.28% -2.91% -2.91% S&P: -0.18% -0.18% 0.56% 0.56% NASDAQ: +0.31% 0.31% 4.67% 4.67% Rec'd # Security In At Now Change 1/4/99 16 S&P Depos 127.63 123.91 -2.91% Rec'd # Security In At Value Change 1/4/99 16 S&P Depos 2042.00 1982.50 -$59.50 CASH $0.00 TOTAL $1982.50 Yesterday Today Change S&P Depos 123.56 123.91 SPY + 11/32

</THE HARRY JONES PORTFOLIO>

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