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Wednesday, June 26, 1996
The Daily IFG Report

(FOOL GLOBAL WIRE)
by Robert Sheard (MF DowMan)

LEXINGTON, Ky. (June 26): Don't look now, but there goes the Nasdaq through the floor again. And once again, the IFG model is pounded in the absence of any real news.

"Earnings worries" and "window dressing" are the reasons of the day being bandied about by the gooroos to explain the market's movements. Of course, what that really means is that no one has any real clue what's going to happen next.

"But we know companies will report earnings soon, we know the end of the quarter is this weekend, and we know the Fed meets next week. And since we have no idea what tangible results will come from any of those events, we'll pretend we do and explain the market's movements using them. That way we can't be wrong."

How true. The Fed will meet, the quarter will end, and earnings season will commence. Wow. Needed a crystal ball for that one. Especially since the same reasons are trotted out every quarter at this time to explain *whatever* the market's doing.

Ignore it all, Fool. Unless you have some company specific news to work with, the rest is all "sound and fury."

And speaking of company-specific news, the only item regarding the current IFG model portfolio today is some disappointing legal news for Medtronic. The U.S. Supreme Court ruled today that manufacturers of pacemakers and other medical devices may be sued for damages in state courts by people claiming injury from alleged defects.

Medtronic's argument was that federal law shields medical device makers from state-law liability claims for damages. Despite the disappointing ruling, however, Medtronic expects no major financial damage from the ruling.

Stay focused, Fools. It's been a while since we've seen a substantial correction in stocks. The Nasdaq is in the middle of a fair-sized correction now. Keep doing what one should always do: watch your bundle of Foolish stocks for changes in the fundamental stories and do your best to ignore the flurry of activity going on around the periphery - the "market."

Transmitted: 6/26/96

The Current IFG Stocks

RoTech Medical
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:ROTC)") else Response.Write("(NASDAQ:ROTC)") end if %>

Paychex
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:PAYX)") else Response.Write("(NASDAQ:PAYX)") end if %>

Green Tree Financial
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:GNT)") else Response.Write("(NYSE:GNT)") end if %>

Tellabs
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %>

Quick & Reilly Group
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BQR)") else Response.Write("(NYSE:BQR)") end if %>

Mirage Resorts
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %>

Checkpoint Systems
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:CKP)") else Response.Write("(NYSE:CKP)") end if %>

Dionex
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:DNEX)") else Response.Write("(NASDAQ:DNEX)") end if %>

Three Com
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:COMS)") else Response.Write("(NASDAQ:COMS)") end if %>

Hewlett-Packard
<% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:HWP)") else Response.Write("(NYSE:HWP)") end if %>

Today's IFG Numbers
INVESTING FOR GROWTH MODEL (6/26/96)  



           Day    Week  Quarter  Year   History

IFG      -3.89%  -4.13%  0.99%   0.46%  3987.31%

DJIA     -0.64%  -0.39%  1.71%  11.05%   585.62%

S&P 500  -0.61%  -0.37%  2.93%   7.87%   523.72%

NASDAQ   -1.65%  -1.88%  4.71%   9.61%   679.14%





Rec'd    #  Security In At   Now    Change



1/5/96  6252  ORCL   28.58  37.38   30.76%

7/8/95  3866  TLAB   48.00  60.13   25.26%

1/5/96  3183  CA     56.13  66.00   17.59%

4/5/96  6804  BIO/A  30.25  34.38   13.64%

4/5/96  7695  CKP    26.75  29.00    8.41%

4/5/96  5758  DNEX   35.75  33.25   -6.99%

4/5/96  3525  MDT    58.38  54.00   -7.49%

4/5/96  5945  GNT    34.63  30.75  -11.19%

4/5/96 10624  ROTC   19.38  17.13  -11.61%

4/5/96  3293  UNH    62.50  49.50  -20.80%



Rec'd    #  Security      Cost        Value       Change



1/5/96  6252  ORCL    $178,703.00  $233,668.50   $54,965.50  

7/8/95  3866  TLAB    $185,568.00  $232,443.25   $46,875.25  

1/5/96  3183  CA      $178,645.88  $210,078.00   $31,432.13  

4/5/96  6804  BIO/A   $205,821.00  $233,887.50   $28,066.50  

4/5/96  7695  CKP     $205,841.25  $223,155.00   $17,313.75  

4/5/96  5758  DNEX    $205,848.50  $191,453.50  $(14,395.00) 

4/5/96  3525  MDT     $205,771.88  $190,350.00  $(15,421.88) 

4/5/96  5945  GNT     $205,845.63  $182,808.75  $(23,036.88) 

4/5/96 10624  ROTC    $205,840.00  $181,936.00  $(23,904.00) 

4/5/96  3293  UNH     $205,812.50  $163,003.50  $(42,809.00) 



      CASH           $868.81       

      TOTAL    $2,043,652.81         







Transmitted: 6/26/96

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