Rule Breaker Portfolio
A New Buy Announced
Alongside two sells and one partial sell

By Jeff Fischer (TMF Jeff)

ALEXANDRIA, VA (Dec. 16, 1999) -- On another record day for the Nasdaq (up 2.6%), the BreakerPort is happy to announce its new buy.

The last buy that we made took place in February of this year, when we bought eBay (Nasdaq: EBAY). Before that, we bought Amgen (Nasdaq: AMGN) and Excite@Home (Nasdaq: ATHM) in December of last year. Living in exciting times, with rules getting broken left and right, we have been active for a long-term portfolio.

Today, we announce that in the next five business days, we will invest approximately $50,000 in the company of PE Celera Genomics (NYSE: CRA), better known as simply -- Celera.

$50,000 is, incidentally, the same amount of money that this portfolio launched with in August of 1994. A single outside dollar has never been added to the port, and yet we're now able to invest $50,000 in a single stock alone -- and we need to buy that much in order to make the new holding a significant percentage (6%) of the total portfolio.

The funds to buy Celera are arriving from three places: we are announcing the sale of all of our remaining stake in Iomega (NYSE: IOM), all of our stake in 3dfx (Nasdaq: TDFX), and $32,000 of our stake (about 9%) in America Online (NYSE: AOL). As our sell report on AOL will remind you, this is the third time that we will sell a portion of our AOL stock in order to buy a new Rule Breaker.

Linked here, the buy and sell reports tell the story:

Rule Breaker buying Celera
Rule Breaker selling Iomega
Rule Breaker selling 3dfx
Rule Breaker selling a portion of America Online

Until tomorrow, we'll see you on the message boards. Fool on!

--Jeff Fischer, TMF Jeff on the Fool boards






Rule Breaker Portfolio

12/16/99 Closing Numbers
Ticker Company Dly Pr Chg Price
AMGNAMGEN INC-1 1/8$44.44
AMZNAMAZON.COM-1 5/8$94.88
AOLAMERICA ONLINE-3 5/8$86.00
ATHMAT HOME CORP CL A-1 3/16$49.00
CATCATERPILLAR INC5/8$47.13
CHVCHEVRON CORP-1/2$89.44
DDDU PONT (EI) DE NEMOURS9/32$65.31
EBAYEBAY INC3/16$149.00
GTGOODYEAR TIRE & RUBBER COUnch.$28.13
IOMIOMEGA CORP3/16$4.00
SBUXSTARBUCKS CORPUnch.$25.25
TDFX3DFX INTERACTIVE1/16$9.88

  Day Week Month Year
To Date
Since
8/5/94
Annualized
Rule Breaker -2.41% -6.25% 10.08% 70.09% 1,610.36% 69.74%
S&P 500 .39% .12% 2.14% 15.42% 209.51% 23.43%
S&P 500(DA) .39% .12% 2.14% 16.00% 223.76% 24.48%
NASDAQ 2.57% 2.62% 11.36% 69.43% 415.85% 35.76%

Trade Date # Shares Ticker Cost/Share Price LT % Val Chg
8/5/944400AOL0.459$86.0018,654.77%
9/9/972640AMZN3.188$94.882,876.46%
5/17/951960IOM1.280$4.00212.40%
12/16/981160AMGN21.444$44.44107.22%
12/4/98900ATHM28.040$49.0074.75%
2/26/99300EBAY100.527$149.0048.22%
2/23/99180CHV79.169$89.4412.97%
2/20/98260DD58.844$65.3110.99%
2/23/99300CAT46.964$47.130.34%
7/2/98470SBUX27.955$25.25-9.67%
2/23/99290GT48.715$28.13-42.27%
1/8/98425TDFX25.667$9.88-61.53%

Trade Date # Shares Ticker Cost Value LT $ Val Ch
8/5/944400AOL$2,017.62$378,400.00$376,382.40
9/9/972640AMZN$8,415.03$250,470.00$242,055.00
12/16/981160AMGN$24,875.50$51,547.50$26,672.00
12/4/98900ATHM$25,236.13$44,100.00$18,863.88
2/26/99300EBAY$30,158.00$44,700.00$14,542.00
5/17/951960IOM$2,509.63$7,840.00$5,330.37
2/23/99180CHV$14,250.50$16,098.75$1,848.25
2/20/98260DD$15,299.44$16,981.25$1,681.81
2/23/99300CAT$14,089.25$14,137.50$48.25
7/2/98470SBUX$13,138.63$11,867.50($1,271.13)
2/23/99290GT$14,127.38$8,156.25($5,971.13)
1/8/98425TDFX$10,908.63$4,196.88($6,711.75)
  Cash: $6,381.51  
  Total: $854,877.10  



Note
The Fool Portfolio was launched on August 5, 1994, with $50,000. It was renamed the Rule Breaker Portfolio in October 1998. The investing strategy began with the first investments of the Fool Port and has evolved with time and experience. In July 2001, the portfolio began adding $12,500 each quarter (We missed Jan. 2002, so we added $25,000 in April 2002). We skip a quarter if we have enough uninvested cash or cash available in stocks we would prefer to sell to make new investments. All transactions are shared and explained publicly before being made, and returns are compared in each week's column to the S&P 500 (including dividends where noted) and the Nasdaq composite. For a history of all transactions, please click here.