The Daily Dow
Wednesday, August 28, 1996
by Robert Sheard (MF DowMan)

LEXINGTON, KY. (August 28): It looks like many Wall Streeters started the long holiday weekend a bit early. Today's session was anything but momentous, especially for the Dow Blue Chips. And while the Dow was essentially flat on the day, our Foolish Four portfolio stayed in the starting blocks after yesterday's spurt. Such is the way of the Street. No big deal. In fact, not even a medium deal. Just ... well, deal already, will ya?

The one bit of news today concerns 3M's offspring, Imation <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:IMN)") else Response.Write("(NYSE:IMN)") end if %>. Imation announced that it's reached an agreement to acquire Luminous Corp., a Seattle developer and marketer of desktop software to the pre-press, print production, printing and graphic arts industries.

Luminous will become a wholly-owned subsidiary of Imation, which already has a strong digital capability through its Rainbow digital color proofing systems and Color Locking Software, and will enjoy the added strength of Luminous' portfolio of market-leading desktop pre-press software products and future technology platforms.

ATTENTION: Blatant Advertising Just Ahead. You've been warned!

I've just received word from our FoolMart manager that a collection of some 25 or so of my Fribbles has been compiled and is available in the FoolMart shop. Pick up a copy of DowMan's Foolish Fribbles for yourself, your friends, your family, neighbors, co-workers, enemies, anyone you can tie down long enough to read the thing! Go ahead, read one. We'll make more.

Stay Foolish!

      THE FOOLISH FOUR MODEL (8/28/96)  

           Day    Week   Quarter  Year  History
Fool-4   -0.05%   0.25%   1.31%  14.53%  14.53%
DJIA      0.02%  -0.18%   1.02%  11.63%  11.63%
S&P 500  -0.24%  -0.33%  -0.87%   7.94%   7.94%
NASDAQ    0.42%   0.95%  -2.63%   9.67%   9.67%


Bought  #    Stock     In At   Now    Change

1/2/96  142  DuPont    69.88  82.63   18.25%
1/2/96  380  Chevron   52.38  59.88   14.32%
1/2/96  148  E. Kodak  67.00  73.88   10.26%
1/2/96  149  3M        63.76  67.50    5.87%
7/16/96  14  Imation   26.16  23.25  -11.12%

Bought  #    Stock          Cost       Value      Change

1/2/96  142  DuPont      $9,922.25  $11,732.75  $1,810.50    
1/2/96  380  Chevron    $19,902.50  $22,752.50  $2,850.00    
1/2/96  148  E. Kodak    $9,916.00  $10,933.50  $1,017.50    
1/2/96  149  3M          $9,500.09  $10,057.50    $557.41   
7/16/96  14  Imation       $366.21     $325.50    $(40.71)  

      CASH      $1,465.30      
      TOTAL    $57,267.05      



      
      

      
      

        

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