Tuesday, April 28, 1998
by David Gardner (DavidG@fool.com)
ALEXANDRIA, VA (April 28, 1998) -- The Fool Portfolio had rather a good day, following significant moves by our two biggest holdings. America Online, the big daddy, gained $2 1/2, and Amazon.com, the e-commerce leader riding the wave of its quarterly announcements after market yesterday, gained $12 13/16 (really, it did) to close bidding $95 1/2.
That's a very rare individual stock move in the Fool Port or most other ports, a double-digit dollar and double double-digit fractional move: +12 13/16. Yowser. Zowie.
(Hey, I'm just glad it was up!)
These two boosted us to a gain of 2.24%, vs. a loss in the S&P 500 of 0.13%, and vs. a good day for the Nasdaq (up 0.63%). For the year, our double-digit gain is itself moving toward a double-digit lead over the double-digit-gaining S&P 500.
Am I getting carried away with today's theme? I'll stop.
Both AOL and Amazon received new initiations of brokerage coverage by DLJ today, with AMZN getting the proverbial BUY rating, and AOL moving onto the "Recomm. List."
Now I do not intend any cockiness at all right here -- and I'm as grateful as the next Fool for DLJ's support -- but I am inclined to ask that brokerage firm, "Where you guys been?!"
I always find it comforting when our cost basis in a stock (here, AOL) is $3.64, and Wall Street firms are initiating coverage with bullish reports at $75. It's a taste that only a long-term investor can ever really savor.
Keep in mind, it's not like DLJ is much beyond any other of these firms. Geez, there's JP Morgan initiating coverage today on this other exciting new prospect -- you may have heard of it. It's a company called Exxon.
(For those keeping score at home, XON gets a "Mkt Performer" rating from JPM.)
OK, I'm having fun. I know, I know, not every firm can cover every stock. (But... Exxon?!)
There were a ton of news headlines on our stocks today, so many in fact that I read none of them. How 'bout that? Human nature exposed. Give me three dull press releases on my stocks and I'll read them all. Give me three juicy press releases buried in a group of more than 30, and I clock out.
So let's all shortly clock out, have a brief report tonight, and enjoy the lovely spring weather (hope the view out your window looks as sparkling as the one out mine tonight). Before you go, though, do click into this one great story presented to us by fellow Fool Richard Dressner (TMF Twitty).
Richard helps manage our community here at Fool HQ, spending large amounts of his week making sure our Web message boards run sleekly. He was cruising through the Lucent folder recently when he came across a sad post by a woman who'd sent off her first $1000 to the Bank of New York to open up a DRiP account for LU stock. The Bank of New York canceled her check, but then claimed not to have any record of its receipt. The rest is worth reading, so click right here to do so. It reminds us all of why the Internet will continue to revolutionize the world, and why companies that are building it, publishing on it, selling over it, and providing customer service using it will lead the biz world into the next millenium.
Tomorrow evening my brother and I will be at the Borders Books in beautiful Charlotte, North Carolina. Come on by around 7:30 p.m. if you'd like to have your book signed and talk Foolishness.
-- David Gardner, April 28, 1998
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Today's FoolWatch: all the latest in Fooldom.
Day Month Year History FOOL +2.24% 7.22% 20.36% 303.94% S&P: -0.13% -1.51% 11.82% 136.72% NASDAQ: +0.63% -0.21% 16.65% 154.35% Rec'd # Security In At Now Change 8/5/94 710 AmOnline 3.64 75.38 1972.77% 5/17/95 1960 Iomega Cor 1.28 8.31 549.21% 10/1/96 84 LucentTech 23.81 72.50 204.52% 9/9/97 290 Amazon.com 38.22 95.50 149.86% 8/12/96 130 AT&T 39.58 59.56 50.49% 2/20/98 215 DuPont 59.83 71.69 19.81% 2/20/98 200 Exxon 64.09 73.38 14.49% 1/8/98 115 S&P Depos. 95.91 108.56 13.20% 2/20/98 270 Int'l Pape 47.69 52.00 9.03% 4/30/97 -1170*Trump* 8.47 8.19 3.32% 1/8/98 425 3Dfx 25.67 25.25 -1.63% 8/24/95 130 KLA-Tencor 44.71 41.00 -8.30% 6/26/97 325 Innovex 27.71 24.88 -10.23% 8/13/96 250 3Com Corp. 46.86 32.88 -29.85% Rec'd # Security In At Value Change 8/5/94 710 AmOnline 2581.87 53516.25 $50934.38 9/9/97 290 Amazon.com 11084.24 27695.00 $16610.76 5/17/95 1960 Iomega Cor 2509.60 16292.50 $13782.90 10/1/96 84 LucentTech 1999.88 6090.00 $4090.12 8/12/96 130 AT&T 5145.11 7743.13 $2598.02 2/20/98 215 DuPont 12864.25 15412.81 $2548.56 2/20/98 200 Exxon 12818.00 14675.00 $1857.00 1/8/98 115 S&P Depos. 11029.25 12484.69 $1455.44 2/20/98 270 Int'l Pape 12876.75 14040.00 $1163.25 4/30/97 -1170*Trump* -9908.50 -9579.38 $329.13 1/8/98 425 3Dfx 10908.63 10731.25 -$177.38 8/24/95 130 KLA-Tencor 5812.49 5330.00 -$482.49 6/26/97 325 Innovex 9005.62 8084.38 -$921.25 8/13/96 250 3Com Corp. 11715.99 8218.75 -$3497.24 CASH $11233.54 TOTAL $201967.92
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