Boring Portfolio Report ANN ARBOR, MI (July 24) -- The U.S. women's gymnastics team demonstrated
true grit last night in winning their Olympic competition, the 37th annual
Ann Arbor Art Fair began its four-day run (under rainy skies, as usual),
and my daughter is in her fourth day at sleepaway camp.
In other news, the Dow Jones Industrial Average finished the trading
day up 8 points, having rallied from a morning deficit of 76 points, while
the S&P 500 index ended its day-long tilt-a-whirl ride almost exactly
where it began the session. As for the NASDAQ, it once again closed lower,
this time by 7 points after being down more than 30 earlier in the day.
A number of computerized "buy" programs hit the market at various
times during Wednesday's session as fund managers began to sop up the bargains
-- perhaps after having figured that they'd sufficiently driven down the
price of stocks they wanted to buy?
The Boring Portfolio, being a blend of large, medium and small cap,
NASDAQ and Big Board, finished the day with a bit more of a loss than the
S&P 500 and a bit less than the NASDAQ. Altogether, the Borefolio slipped
a third of a percentage point in value, including a cash gain of $103.87
in accumulated interest and dividends from the preceding quarter that made
it onto the books today.
Wednesday's Borefolio winners included Cisco Systems, up $2 in a
refreshed internetworking group, Green Tree Financial, Shaw Group, and our
100 SPDRs. The Spiders were up an eighth despite the S&P 500's small
loss on the day -- and on more than twice their normal volume, no less. Wow,
the awesome power of a fully-operational Borefolio strikes again, huh? (Footnote
for the humor-impaired: that's a joke. The price of SPDRs is determined by
the value of the S&P 500; and even the mighty Fool can't do much about
that.)
Losers on the day were Borders (despite the land-rush business the
Mother Store appears to be doing during the Art Fair) and the two Borefolio
healthcare stocks, PMSI and OXHP.
An item in this morning's Investor's Business Daily noted that the
Clinton administration will increase the rate it pays HMOs for treating Medicare
patients by 7.2% in 1997, "meeting the high end of industry analyst
expectations." That's good news for Oxford, no?
That's about it for today. No news of note on any Borefolio holdings
-- which given all the other important events going on today (see above)
suits me just fine.
Transmitted: 7/24/96
*Scroll down or expand screen for full portfolio accounting
Day Month Year History
BORING -0.34% -3.20% 0.95% 0.95%
S&P 500 -0.04% -6.56% 0.81% 0.81%
NASDAQ -0.64% -12.04% 0.13% 0.13%
Rec'd # Security In At Now Change
2/28/96 200 Borders Gro 22.51 31.63 40.48%
3/8/96 400 Prime Medic 10.07 13.38 32.84%
4/12/96 300 The Shaw Gr 18.84 24.13 28.04%
1/29/96 100 Texas Indus 54.50 65.38 19.95%
2/2/96 200 Green Tree 30.39 32.25 6.13%
7/23/96 100 S&P Deposit 64.15 62.81 -2.08%
6/26/96 100 Cisco Syste 53.90 49.00 -9.09%
5/24/96 100 Oxford Heal 48.02 33.75 -29.72%
Rec'd # Security Cost Value Change
2/28/96 200 Borders Gro 4502.49 6325.00 $1822.51
4/12/96 300 The Shaw Gr 5652.49 7237.50 $1585.01
3/8/96 400 Prime Medic 4027.49 5350.00 $1322.51
1/29/96 100 Texas Indus 5449.99 6537.50 $1087.51
2/2/96 200 Green Tree 6077.49 6450.00 $372.51
7/23/96 100 S&P Deposit 6414.99 6281.25 -$133.74
6/26/96 100 Cisco Syste 5389.99 4900.00 -$489.99
5/24/96 100 Oxford Heal 4802.49 3375.00 -$1427.49
CASH $4020.92
TOTAL $50477.17
Wednesday, July 24, 1996
BGP - 1/8 ...CSCO +2...GNT + 1/2 ...OXHP - 1/2 ...PMSI -1 1/4
...SHAW + 1/8 ...SPY + 1/8 ...TXI - 1/2 ...