Fool Portfolio
Report
ALEXANDRIA, VA (Oct. 30, 1997) -- Hello Fools from far and wide. I
will be pinch-hitting for the ordinary Fool Port folks in tonight's recap.
It was Tom's night to write, but David and Tom are currently feeding the
media's insatiable desire to explain the recent movements in the market.
Their consistent and accurate response is that the short-term movements in
the market cannot be reasoned, nor should anyone attempt to do so. Way to
go, David and Tom.
So here I am -- your Fool Port captain.
Note to self:
Self to readers:
And now to Fool Port, the beast that first
introduced me to ATCT not
too long ago. What a day to fill in. As a friend here at Fool HQ noted, "It's
interesting that you landed the Fool Port on a day when every stock in the
portfolio lost money, except of course our one short. Does this tell you
something?"
It sure does. Bulls are frightened of my presence.
The bears slowly waltzed on Wall Street today and all over the Fool Port
as well. Market indices fell as the Nasdaq plummeted 2.02% and the S&P
500 dropped 1.69%. Unfortunately, Fool Port was not up for the battle of
attrition, suffering a 2.93% decline. Fool Port's bloodletting was led by
KLA-TENCOR <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: KLAC)") else Response.Write("(Nasdaq: KLAC)") end if %>, which declined $5 5/16, or 11.49%. KLA-Tencor
has declined over 40% in recent weeks due to uncertainty of Asian demand
for semiconductor equipment and numerous analyst downgrades. This sector
is definitely in a tailspin as of late.
Other holdings, AMAZON.COM <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: AMZN)") else Response.Write("(Nasdaq: AMZN)") end if %> and 3COM CORP. <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: COMS)") else Response.Write("(Nasdaq: COMS)") end if %>, threw salt in the Fool Port's wounds, with 4.93% and 6.49% drops
respectively.
Ironically, as my co-worker so dutifully stated, the only company that fared
well (read: broke even and beat the market) today was our short of the Donald.
I guess somebody lost their shirt in Atlantic City today. Way to go, Donald.
Not to worry, Fool Port will be back to battle the market indices tomorrow.
I would like to comment on the incredible calm that has surrounded the Fool
during this hectic week. Although the market has produced some turbulence
of late, passengers here at Fool HQ have been extremely reserved. I think
those same feelings are also evident in the thousands of recent posts in
our community of message boards as well.
Individual investors are not panicking (like the media expects us to). Why?
It is my belief that individual investors are not panicking now, more than
ever, because they are armed with the right perspective. People are investing
for the long term and have mentally prepared themselves for the inevitable
dips and troughs in the market. The mental aspect of investing is often
overlooked, but I think it is much more important to a winning portfolio
than any other single factor. After all, it is much more difficult (and
rewarding) to stay with your company through troubled times than to consistently
sell when the market appears rough. I am definitely happy to work for a company
that has mentally prepared individual investors, including myself, for the
challenging ride.
Fool on!
--Neil Campbell, TMF Mishap
Drip Portfolio--
Coca-Cola's earnings, part 3.
TODAY'S
NUMBERS
Thursday,
October 30, 1997
by Neil Campbell
([email protected])
Fool Port readers don't know who I am or what I do.
As far as my responsibilities within the Motley Fool, I place advertisements
all over our America Online and Web forums. Now every time you click (early
and often, I hope) on a banner within the Fool, you can think of me. I am
proud to say that our advertisers represent a variety of solid businesses
in different industry groups, from Allstate insurance to Mercedes-Benz
automobiles. Heck, I wouldn't mind having some of our advertisers in this
portfolio, although I imagine that would present a slight conflict of interest.
Right?
Boring Portfolio--
Boring set to trade Ox.
Foolish Four Portfolio-- 23%
historically.
Fool Message Boards-- Speak
your mind!
Latest News--
All the news, early.
Daily Double-- A good
stock?
Daily Trouble-- Might
be many of these now.
Fribble-- A fun short
story from readers.