1) I spent a couple of hours this weekend putting together a Quicken based program that would give more information, and resetting the basket to 20 stocks (including IPEC) as of 1/1/97, with a value of $1000. This would automatically reflect percentage gain over the year, and would allow me to generate month to month percentage and loss automatically. I'm getting ready to go to Europe for a few days and ran out of time, and my Quicken report function is bugging up on me.
2) I am using the index today in a big way. Looking at it vs. one month ago gives a good idea of how much each stock reacted to the Asia problem. The stocks are down an average of just over 30%. Some have dropped less: LRCX 18% (these figures are very approximate since I'm doing them inmy head), SVGI 15%, EGLS 20, ASYT 18. On the other hand, some issues have plummeted 45-55%, such as Brooks, KLAC, SFAM HELX and TER.
Given the huge bounce in the Nikkei and Hang Send this morning, I plan to load up on Asia-sensitive issues at open this morning. I can't buy TER for tax reasons, even though it's my big favorite among the wafer fab isses right now (and excuse my sloppy terminology, I call semiconductor equip stocks "wafer fabs" for shorthand. I realize how inaccurate it can be in a technical sense, especially with issues like TER).
So I'm putting together a short-term portfolio for buy at opening weighted towards these issues. I'll let you know how it turns out. |
