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(FOOL GLOBAL WIRE) LEXINGTON, KY. (September 13): For the second day in a row, the IFG portfolio went nuts. We aren't able to celebrate a perfect 10-for-10 like we saw yesterday, but there were some single-stock moves that had to have you jumping out of your chair if your Win tickets were on these fillies.
3Com <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:COMS)") else Response.Write("(NASDAQ:COMS)") end if %> blew away from the field with a gain of more than $3 a share (6.6%). Hewlett-Packard <% if gsSubBrand = "aolsnapshot" then Response.Write("(NYSE:HWP)") else Response.Write("(NYSE:HWP)") end if %> was right behind it on the outside with a $2.50 gain (5.7%). But along the inside rail, the winner was Tellabs <% if gsSubBrand = "aolsnapshot" then Response.Write("(NASDAQ:TLAB)") else Response.Write("(NASDAQ:TLAB)") end if %>, by two lengths. Tellabs picked up nearly $6 a share on the day (8.7%) as the Nasdaq Composite posted another huge run. And like yesterday, all of the moves today were sans company news.
Recently we began calling my proposed growth model (see the Fribble called "A New Growth Model") the STEPS approach, since it works by taking the 100 stocks in Value Line with Timeliness (T) rankings of #1 and then screening them by Investor's Business Daily's EPS ranking. But in order to keep this model paired with my Value model (based on the Dow Dividend Approach), I'm going to pull the rug out from under the STEPS model and call it something else from now on.
My Dow variation is "officially" called the Unemotional Value approach (UV) now, since it focuses on mechanical investing to allow us to squash that fear and self-doubt in each of us. To make this new growth model work together with the UV approach, I want to call it the Unemotional Growth approach (or UG).
The models work well together for anyone wanting a mechanical way to build a portfolio with both Dow heavyweights and growth stocks. And the best thing is, the acronyms won't confuse us with any stock symbols!
So, forget the STEPS name. It's outta here. From now on, you'll see us refer to UV and UG for these two new models. Enjoy your Unemotional Weekend, Fools!
Transmitted: 9/13/96 |
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