(FOOL GLOBAL WIRE) LEXINGTON, Ky. (June 6): Checkpoint Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %> slid today as all the stocks recently driven higher by the Cabot Newsletter's recommendations got slammed today. Cabot's most well-known stock of late, Presstek <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:PRST)") else Response.Write("(NASDAQ:PRST)") end if %>, has skied to astronomical heights and then just in the last few days,plunged dramatically. Many of the pure momentum investors following the newsletter ditched their holdings in all of these issues today. It made for some one-day wide swings in stocks like Checkpoint and JLG Industries <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:JLGI)") else Response.Write("(NASDAQ:JLGI)") end if %>, not to mention Presstek, down another 29% today.
No other real news today affecting the IFG stocks other than the fact that Computer Associates <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CA)") else Response.Write("(NYSE:CA)") end if %> went ex-dividend today.
As for the Relative Strength holdings, The Gap <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GPS)") else Response.Write("(NYSE:GPS)") end if %>reported same-store sales gains of 8% today, among the best of the retailers over recent months. And Thermo Electron <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:TMO)") else Response.Write("(NYSE:TMO)") end if %> split 3-for 2 this morning.
That's all for this evening. Tune in tomorrow and this weekend for all the news on the new IFG list of stocks and the update for the Relative Strength monthly model variation.
Transmitted: 6/6/96 | ||||||||
INVESTING FOR GROWTH MODEL (6/6/96) | ||||||||
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