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(FOOL GLOBAL WIRE) LEXINGTON, KY. (October 18): After taking it in the chops for two days in a row while the rest of the major indices posted record highs, the Nasdaq finally recovered a bit this afternoon, and with it, Investing For Growth's technology stocks regained some of their recent losses. SCI SYSTEMS, TELLABS, COCA-COLA, and GREEN TREE posted healthy gains on the day, while the only sizable loss was in CLAIRE'S STORES. There wasn't any news crossing the wire today for the IFG stocks, but there is one rankings change of note for the new Classic IFG order for next week. Claire's Stores got bumped to #11 on the list with the addition of SUN MICROSYSTEMS to Value Line's High Growth Stocks screen. As a reminder, even when a stock falls out of the current top ten list (as Claire's Stores did today), the IFG approach wouldn't call for you to replace the stock immediately. Claire's Stores will remain in the model holdings until the next quarterly update on the first Friday of January. There's no way of knowing how the rankings may play out between now and then, but if any stock among the ten were to somehow leave the list, it's possible that in a week or two, Claire's Stores could be right back where it was. To avoid too much churning along the margins of the portfolio, IFG only updates at the scheduled times. For the complete IFG statistics and the updated file on the Unemotional Growth approach, check in again this weekend. I'll have those files updated late Saturday or early Sunday (on our AOL forum - it takes longer for the transfer out to the Web site). Transmitted: 10/18/96 |
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