Fool Portfolio Report
Monday, June 24, 1996
Monday, June 24, 1996 (FOOL GLOBAL WIRE)
by Larry Neumann (MF Yakko)
RALEIGH, NC, June 24, 1996 -- The heavens opened and the weather gods spake, and when they spake, they spake with great force. Henceforth, darkness fell upon the Fools collected in the ancient city of Alexandria as they were humbled by the fury and ever so impressive show of spaking. And the foosball tables did erupt with great activity as the computers there-to-fore fell quiet.
Fortunately, in this parable of epic biblical proportions they still had phones, so they called me, MF Yakko, and I agreed to take the stage with a little two-step I learned just for such occasions.
Yes, it true, the weather gods are punishing the Fools with black storm clouds, power outages, and the touching down of tornadoes near Fool HQ in Alexandria. Now, I just talked to the weather gods, not 5 minutes ago, and they assure me the storm does NOT have anything to do with the decline in profits of their Iomega holding. The weather gods spake directly to me, and they spake with confidence that Iomega would be just fine, in fact, they've even stopped checking the price mid-day -- they're that happy with it. The weather gods know an emerging standard when they see one. Hey, not just anyone can be a weather god, you have to be clever, and be able to think big. Partly cloudy will get you a one-way ticket to weather Palooka-ville my friend.
So, I have the stage all to myself, the full support of the weather gods, and the Fools have no power to check up on me.
How often does life deal you a hand like this?
Maybe I can finally get rid of that pile of cash for them? What to buy? What to sell?
If only life were really like that.
All right folks, down to business. The Fool Portfolio split the indices today, beating the S&P 500 but losing to another nice day of widespread buying on the NASDAQ.
America Online (AMER) enjoyed a strong day, up $2 1/8 on no news that this fill-in Fool could find. With renewed strength in technology stocks in general, it was quite probably just good old fashioned bargain hunting - the snapping up of shares in the premier online content company in the world.
Medicis (MDRX) also benefited from its recent volatility, up $2 1/2 on the day to $42 1/4 on no news.
Lastly, Iomega (IOMG) couldn't shrug off a weak opening, ending down 5/8 at $29 1/4, also on no news. Blame Iomega's minor decline for spoiling the Fool Portfolio's shot at the blue ribbon today -- that is, if you're into blame (and assuming you're tired of blaming your parents. Or the weather gods.).
In BTD-land, General Electric (GE) set yet another new 52 week high, closing up 3/8 to 87 3/8. That's GE man, suddenly everyone's favorite stock on Wall Street. BTD - get the big horses working for ya baby! You gotta love it.
The rest of the portfolio was typical stuff. Up a little here, down a little there, en large matching the respectable strength in the market.
All right. Done the intro. Check. Done the attempt at humor. Check. Done the portfolio recap. Uh-huh. What to close? Too many choices. That's the problem with only one crack at the spotlight.
I could rip off some cheesy stuff about the Fool as Dorothy skipping down the yellow brick road (Wall Street) to outsmart the Wizards of Emerald City (the Wise). Ties in nicely with the bit about the witches last week. Yea.
Nah, that's just what they'll be expecting me to do!
What about something about AMER as thunder, IOMG as lightning, and GPS as a twister crashing down on the Wise men of Wall Street, as they struggle to beat back the gentle winds of the S&P year after year.
Nah, everyone's got that message. Basic Foolish principles.
Alas, time will not allow further ponderings, for the weather gods have spaken unto me again, this time not with a teaching, but with a request -- they spake:
"Yakko, go out and roll up my car windows would you?"
Larry Neumann -- a Fool
(c) Copyright 1996, The Motley Fool. All rights reserved. This material is for personal use only. Republication and redissemination, including posting to news groups, is expressly prohibited without the prior written consent of The Motley Fool.
Day Month Year History
FOOL +0.46% -20.03% 61.46% 201.49%
S&P 500 +0.30% -0.04% 8.59% 45.91%
NASDAQ +0.65% -4.87% 12.43% 64.25%
*Scroll down or expand screen for full portfolio accounting
AMER +2 1/8 ...CHV + 1/4 ...GE + 1/4 ...GPS - 5/8 ... IOMG - 5/8 ...KLAC ---...MDRX +2 1/2 ...S + 1/8 ...
Rec'd # Security In At Now Change
5/17/95 2010 Iomega Cor 2.52 29.25 1061.19%
8/5/94 680 AmOnline 7.27 42.00 477.49%
4/20/95 310 The Gap 16.28 33.63 106.61%
8/5/94 165 Sears 28.93 49.25 70.27%
1/29/96 250 Medicis Ph 27.86 42.25 51.65%
8/11/95 95 GenElec 57.91 87.25 50.65%
8/11/95 110 Chevron 49.00 60.88 24.23%
8/24/95 130 KLA Instrm 44.71 22.00 -50.80%
Rec'd # Security Cost Value Change
5/17/95 2010 Iomega Cor 5063.13 58792.50 $53729.37
8/5/94 680 AmOnline 4945.56 28560.00 $23614.44
4/20/95 310 The Gap 5045.25 10423.75 $5378.50
1/29/96 250 Medicis Ph 6964.99 10562.50 $3597.51
8/5/94 165 Sears 4772.65 8126.25 $3353.60
8/11/95 95 GenElec 5501.87 8288.75 $2786.88
8/11/95 110 Chevron 5389.99 6696.25 $1306.26
8/24/95 130 KLA Instrm 5812.49 2860.00 -$2952.49