2101 Blair Mill Rd.
Willow Grove, PA 19090
Boring made the eighth and ninth trades in the Boring Portfolio on Friday, March 15, 1996 when Boring sold Potash Corp. and Kulicke & Soffa. KLIC was one of the first two Boring positions, and POT was purchased about two weeks later. The sell orders were promptly filled at K. Aufhauser & Co. for $15 1/8 (KLIC) and $66 3/8 (POT).
ACTION # STOCK PRICE COMS'N PROCEEDS GAIN/(LOSS) Sold 200 KLIC $15 1/8 $27.49 $2997.51 ($1777.48) Sold 100 POT $66 3/8 $27.49 $6610.01 ($1017.48)
Total loss on investments: KLIC (-37.22%), POT (-13.34%)
On Monday, January 29, 1996, the Boring Portfolio made its first two purchases: Kulicke and Soffa (NASDAQ: KLIC) and Texas Industries (NYSE: TXI). KLIC makes equipment used in the fabrication of semiconductors, and TXI is in the Boring businesses of concrete and steel. Both orders were executed in the morning by K. Aufhauser & Co. KLIC was bought for $23 3/4, and TXI cost $54 1/4 per share.
ACTION # STOCK PRICE COMS'N COST BASIS Buy 200 KLIC $23 3/4 $27.49 $4774.99 Buy 100 TXI $54 1/4 $27.49 $5449.99
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