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(FOOL GLOBAL WIRE)
LEXINGTON, KY. (October 24): It was a real mixed bag for technology stocks today, which were up most of the session, despite the Dow's rendition of the Thursday Blues. By the end of the session, though, even the Nasdaq gave up a fraction. Most surprising for IFG watchers was SCI Systems' collapse today. The stock ran up yesterday after posting terrific earnings, but shed almost 10% today. Joining it in the sell-off today were 3Com and Nautica Enterprises. Fortunately, there were a few bright spots to offset a little of the damage. ADC Telecom and Tellabs both rose on the day as another telecommunications equipment maker, Lucent Technologies (the recent AT&T spin-off), posted solid earnings. And Nike jumped up nearly 3% after splitting 2-for-1 this morning. For those of you following the new Unemotional Growth model with interest, one obvious concern is that it may generate too many trades to be practical for smaller portfolios. I'm now in the process of testing the model over longer holding periods (quarterly, semi-annually, even annually) to see if the screens can be used in smaller, more cost-sensitive portfolios. As always, I'll keep you posted on the results as I finish them.
Transmitted: 10/24/96 |
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