The Daily Workshop Report
by Robert Sheard (TMF Sheard)

LEXINGTON, KY. (May 6, 1997)

In yesterday's report, I proved once again why I was a liberal arts major rather than a science-oriented major. A number of the figures in the workshop spreadsheets were wrong yesterday because I keep messing up the wonderful automated macro TMF Sargon built for me.

For instance, the Unemotional Growth approach was down only 3% after yesterday's close, not 24%. But I had some cells picking up wrong figures. I'll try to get more of the bugs I put in straightened out for today's report.

Please feel free to send me an e-mail note if you find an obvious error. A couple more days and I might make my way through the automated process without knocking down the walls again.

Today was a little bit of a breather day for the markets, after several recent scorchers. The Dow posted a negligible gain, although any gain represents a new record closing level, but the Nasdaq slipped a bit.

Dragging down the Nasdaq today both of the big names, MICROSOFT <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: MSFT)") else Response.Write("(Nasdaq: MSFT)") end if %> and INTEL <% if gsSubBrand = "aolsnapshot" then Response.Write("(Nasdaq: INTC)") else Response.Write("(Nasdaq: INTC)") end if %>. After Goldman Sachs expressed mild concern about the Microsoft's level yesterday, the stock has given back a few bucks a share. But at $117 and change, the move has been minor in percentage terms.

Intel faded today on the news that a potential bug exists in the Pentium Pro processor. Merrill Lynch's influential semiconductor analyst Tom Kurlack, though, feels the flaw is a minor problem and still feels Intel's a good prospect at today's price ($158).

Hang in there with me; I'll have the numbers automated and accurate again asap. Stay Foolish.

Monthly Growth Screens
(Jan. 3 to present)
26.82%  Relative Strength  
10.65%  S&P 500 Index  
8.98%  YPEG Potential  
6.74%  Low Price/Sales  
-1.26%  Investing for Growth  
-6.17%  Unemotional Growth  
-12.02%  EPS Plus RS  
-24.95%  Formula 90  

Annual Value Screens
(Jan. 1 to present)
12.42%  Dogs of the Dow  
12.05%  Dow Jones Ind Avg  
7.99%  Beating the S&P  
3.31%  Unemotional Value  
3.31%  Beating the Dow  
3.10%  Dow Combo  
-3.07%  Foolish Four