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Technology Stocks : FSII - The Worst is Over? -- Ignore unavailable to you. Want to Upgrade?


To: Donald Wennerstrom who wrote (1601)11/23/1997 3:23:00 PM
From: Donald Wennerstrom  Read Replies (1) | Respond to of 2754
 
I did a little number manipulation to show how FSII compared to the
average of the 37 semi-equip stocks I have been posting. The table
is shown below. The starting date of the comparison is the week
closing 4/25/97. The first three columns show the sum of the
closing price for the 37 stocks and the cumulative percent gain/loss
from 4/25. Columns 4 and 5 show the same comparison for FSII. The
last column compares FSII gains compared to the gains of the 37
stocks. Through July, FSII trailed the average 37 stock gain by a
relatively small amount. Then, beginning in August and continuing
through the middle of September, the disparity was striking. Since
then, FSII has improved considerably showing favorably for most of the
weeks compared to the 37 stocks. I find it ironic that at the close
on Friday, FSII is 1 percent better than the 37 stocks when compared
to the closing price of 4/25.



CUM
CUM FSII COMPARE
CLOSING SUM PERCENT FSII PERCENT FSII
PRICE CLOSING GAIN/ CLOSING GAIN/ TO
DATE PRICES LOSS PRICES LOSS AVERAGE
04/25/97 652 11.50
06/06/97 859 32 14.38 25 -7
06/13/97 824 26 14.00 22 -5
06/20/97 857 31 14.13 23 -9
06/27/97 873 34 14.94 30 -4
07/04/97 918 41 15.56 35 -5
07/11/97 986 51 17.25 50 -1
07/18/97 1035 59 17.75 54 -4
07/25/97 1073 65 18.13 58 -7
08/01/97 1090 67 17.75 54 -13
08/08/97 1115 71 17.38 51 -20
08/15/97 1125 73 17.75 54 -18
08/22/97 1235 89 18.56 61 -28
08/29/97 1239 90 18.50 61 -29
09/05/97 1268 94 19.06 66 -29
09/12/97 1262 94 18.81 64 -30
09/19/97 1271 95 18.00 57 -38
09/26/97 1252 92 21.50 87 -5
10/03/97 1258 93 21.38 86 -7
10/10/97 1256 93 23.19 102 9
10/17/97 1076 65 19.00 65 0
10/24/97 936 44 16.69 45 2
10/31/97 889 36 17.25 50 14
11/07/97 914 40 15.38 34 -6
11/14/97 865 33 15.75 37 4
11/21/97 881 35 15.63 36 1

Compared to the August/mid-September time frame, FSII has held up
much better than the sum of the 37 stocks. On the other hand, the
comparison of last Friday shows a parity with the closing prices on
4/25. In other words, measuring over the last 7 months, FSII and the
37 stock average are up 36 and 35 percent respectively. Also, in
other words, since I have been fully invested in FSII over that
period, I effectively invested in the average performer, not the
stellar outstanding stock I thought I bought.

I still have hopes, however, that next year will be different!!