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To: JPR who wrote (27200)	1/9/1998 10:06:00 AM
From: Mohan Marette	Respond to of 176387

Thanks Paul, now only if I could figure out a way to get on the deal. Hummmmm...let me go think on it for a while.Thanks again.

To: JPR who wrote (27200)	1/9/1998 10:15:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 176387

From Jubak to you. Paul & thread: Here is something i found. Flare-Out Growth -- Price Momentum With a Twist Flare-Out Growth ÿ Venerable stock-research boutique Ford Investor Services in San Diego, Calif., has a staff of math majors who are constantly banging away at computers trying to find relationships between a wide variety of investment factors and stock performance. They invent factors of their own, test them against historical databases and sell the research. One of my favorite Ford models looks for short-term gains from stocks that have rocketed in the past 12 months, but faltered in the past month and past quarter. This is a good one if you want to slowly wean yourself from the glamour of tech stocks and frequent trading. Rank all stocks with market capitalization greater than $1 billion by 12-month price appreciation. Subtract from that gain the price appreciation for the past quarter and 3 times the price appreciation for the past month. Re-rank from highest to lowest gain, buy the top 10 stocks, hold for three months, and then rebalance. According to senior Ford analyst Tim Allward, a portfolio managed under this strategy advanced at an annualized rate of 22.8% from 1976 to 1996, including dividends but not commissions. Meanwhile, the S&P 500 advanced 14.6% a year. The risk was high but not outrageous, with an annualized standard deviation of 25% vs. 16.4% for the S&P 500. The average stock was held five months and turnover was 288% -- meaning you would have made fewer than 30 trades on average each year. At the common new Internet commission rate of $8 per trade, a $50,000 portfolio would therefore have an average expense ratio of just 0.50%. This strategy is like those diets that let you eat high-fat foods: If it continues to work, you'll have fun. If it doesn't, you'll die. Currently, this screen would have you buy the likes of Yahoo! (YHOO), ASM Lithography (ASMLF) and Dell Computer (DELL).