Investing For Growth

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Monday, July 15, 1996
The Daily IFG Report (FOOL GLOBAL WIRE) by Robert Sheard (MF DowMan) LEXINGTON, Ky. (July 15): Godzilla Versus the Technology Sector! The next great blockbuster from Schlock Pictures! Starring Arnold "I'll be back for what's left of your portfolio" as Godzilla and Mr. "I'm hanging on to my" Chips as the Nasdaq Composite. In other words, OUCH! Again! I find it amusing to hear The Motley Fool's critics rant about the Gardners' success as simply luck in a bull market. "They've never even seen a 10% correction yet. What do they know?" the cynics cry. Well, if you'll pardon the pun, bull! This is now the second time in less than a year that the Nasdaq has experienced more than a 10% correction (this one currently stands at 15%), and given that the growth stocks which carried the Fool Portfolio to its stellar returns (and drew the critics) are primarily Nasdaq issues (American Online and Iomega), such a criticism is a little but silly. Nevertheless, on days like today when the Street turns itself upside down and tries to shake the change out of as many pockets as it can, those are the kinds of short-term prophets we're likely to hear from. It's obvious today that most stocks got clobbered. Beyond that, there's nothing much to say. The start of a powerful bear market? A healthy correction before the bull market continues? Who knows? Certainly not the prophets who have been predicting a market crash for the last two years (or longer). Certainly I don't. So, today was ugly to watch (and fortunately for me, I didn't have to watch a lot of it live because my cable was out most of the day <g>), but given the singular lack of any company-specific news on the stocks in the IFG Portfolio, there's nothing to do but groan. So, groan away Fools, but don't turn today into an occasion for emotional trading tomorrow. Pause, do your homework, and decide if the companies you own a piece of are still the companies you believe you'll want to own six to twelve months from now and act accordingly. If the stories and company fundamentals haven't changed, don't let a market swoon cause you to panic sell. Stay Foolish! Transmitted: 7/15/96	The Current IFG Stocks Quick & Reilly Group <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:BQR)") else Response.Write("(NYSE:BQR)") end if %> 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 %> Mirage Resorts <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:MIR)") else Response.Write("(NYSE:MIR)") end if %> Nichols Research <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NRES)") else Response.Write("(NASDAQ:NRES)") end if %> Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") 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 %> SCI Systems <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:SCIS)") else Response.Write("(NASDAQ:SCIS)") end if %> Nautica Enterprises <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:NAUT)") else Response.Write("(NASDAQ:NAUT)") end if %>
Today's IFG Numbers INVESTING FOR GROWTH MODEL (7/15/96) Day Week Quarter Year History IFG -5.06% -5.06% -15.68% -9.74% 3572.37% DJIA -2.92% -2.92% -5.40% 4.54% 545.42% S&P 500 -2.51% -2.51% -6.09% 2.25% 491.25% NASDAQ -3.92% -3.92% -10.53% 0.77% 616.25% Bought # Stock In At Now Change 7/8/95 3866 TLAB 48.00 54.00 12.50% 4/5/96 7695 CKP 26.75 28.88 7.94% 7/5/96 8756 MIR 23.13 22.75 -1.62% 7/5/96 4153 PAYX 48.75 45.50 -6.67% 7/5/96 6402 BQR 31.63 27.88 -11.86% 7/5/96 6693 NRES 30.25 26.00 -14.05% 7/5/96 4562 COMS 44.38 37.63 -15.21% 7/5/96 2197 HWP 92.13 76.50 -16.96% 4/5/96 10624 ROTC 19.38 15.50 -20.00% 7/5/96 5077 SCIS 39.88 31.50 -21.00% Bought # Stock Cost Value Change 7/8/95 3866 TLAB $185,568.00 $208,764.00 $23,196.00 4/5/96 7695 CKP $205,841.25 $222,193.13 $16,351.88 7/5/96 8756 MIR $202,482.50 $199,199.00 $(3,283.50) 7/5/96 4153 PAYX $202,458.75 $188,961.50 $(13,497.25) 7/5/96 6402 BQR $202,463.25 $178,455.75 $(24,007.50) 7/5/96 6693 NRES $202,463.25 $174,018.00 $(28,445.25) 7/5/96 4562 COMS $202,438.75 $171,645.25 $(30,793.50) 7/5/96 2197 HWP $202,398.63 $168,070.50 $(34,328.13) 4/5/96 10624 ROTC $205,840.00 $164,672.00 $(41,168.00) 7/5/96 5077 SCIS $202,445.38 $159,925.50 $(42,519.88) CASH $279.44 TOTAL $1,836,184.07 Transmitted: 7/15/96
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