WALL STREET ELVES REPORT 1995
WALL STREET ELVES REPORT
Volume 2, Issue 52.
12/31/95
WALL STREET WEEK with Louis Rukeyser is undoubtedly America's most widely
followed and successful financial television program. For many years now Mr.
Rukeyser has done and outstanding job of boiling down weekly financial news
into concise, fascinating and at times humorous morsels for his viewers. Mr.
Rukeyser's market insights and financial knowledge have provided perceptive
viewers with many profitable investment opportunities throughout his tenure.
We'd venture that Mr. Rukeyser is probably a pretty good stock picker in his
own right, but from watching his show each week we are certain that he is is
a superb judge of other peoples abilities to pick stocks. Indeed a great deal
of WALL STREET WEEK'S success can be directly attributed to the knowledge and
prognostications his panelists proffer each year.
At the beginning of each year the panelists (there were 23 in 1994) offer
several investments ideas they believe will prove profitable in due time.
Every year there are several outstanding picks submitted by some of the
panelists that easily beat the market averages. This list can be obtained at
the beginning of each year by writing WALL STREET WEEK, Owings Mills Maryland
21117 or by faxing a request to 410-581-0980 or by accessing the Dow Jones
News Retrieval Service.
Our only complaint of WALL STREET WEEK with Louis Rukeyser is that it is only
one-half hour in length. Unfortunately, because of this time constraint there
is very little follow-up information provided by the various panelists
regarding their stock picks. Perhaps the biggest drawback is that no sell
signals are provided by the panelists, so even if the viewer is making money
on one of these stocks, he's on his own in determining when to sell.
Determining when to sell is usually much more difficult then determining when
to buy.
The WALL STREET ELVES REPORT will attempt to remedy these shortcomings by
constructing a market beating portfolio of common stocks, with the stocks
being selected only from the combined panelists lists. Each weekly issue will
contain a "model portfolio" with exact buy and sell prices listed for each of
our selections. The entry price for each trade will be the closing price on
the day prior to the distribution date of the newsletter. As this letter is
usually distributed on Sundays, Friday closing prices are normally used. Our
advice is to "buy" or "short" our selections ONLY at our entry price or better
($/U). Remember that past performance is no guarantee of future results.
The WALL STREET ELVES REPORT is produced weekly by RUSSELL EQUITY MANAGEMENT.
Periodically RUSSELL EQUITY MANAGEMENT or its clients may have positions in
the stocks profiled by THE WALL STREET ELVES REPORT. RUSSELL EQUITY
MANAGEMENT is not affiliated with WALL STREET WEEK, the Public Broadcasting
System, Louis Rukeyser, or any of the WSW panelists.
================================================================================
PORTFOLIO REPORTS:
Transactions
--------------
Date TAC Symbol Description Quantity $/U Com/Fees $ Amount
-------- --- --------- --------------- ---------- -------- -------- -----------
02/17/95 DPF CASH 4140.00
02/17/95 BUY AHP AMERICAN HOME P 14.0598 71.13 35.00 -1035.00
02/24/95 BUY TDM TANDEM COMPUTER 57.1429 17.50 35.00 -1035.00
02/24/95 SLS WSGC WILLIAMS-SONOMA -46.5116 21.50 35.00 965.00
03/03/95 BUY MO PHILIP MORRIS 16.129 62.00 35.00 -1035.00
03/17/95 BUY FG USF&G 71.4286 14.00 35.00 -1035.00
03/31/95 SLL TDM TANDEM COMPUTER -57.1429 15.50 35.00 850.71
04/10/95 DV+ MO PHILIP MORRIS 13.47
04/13/95 BUY CWM CWM MORTGAGE HO 94.1176 10.63 35.00 -1035.00
04/28/95 DV+ FG USF&G 3.57
05/05/95 BYC WSGC WILLIAMS-SONOMA 46.5116 17.12 35.00 -831.51
05/05/95 DPF CASH 33.76
05/12/95 SLL FG USF&G -71.4286 16.63 35.00 1152.50
05/22/95 DV+ CWM CWM MORTGAGE HO 25.41
06/01/95 DV+ AHP AMERICAN HOME P 10.54
06/02/95 SLL MO PHILIP MORRIS -16.129 73.87 35.00 1156.53
06/09/95 BUY APY ALLMERICA PPTY 47.9042 20.88 35.00 -1035.00
06/16/95 SLL CWM CWM MORTGAGE HO -94.1176 12.25 35.00 1117.94
07/07/95 SLS MTSI MICROTOUCH SYST -44.9438 22.25 35.00 965.00
07/14/95 BUY SLM STUDENT LOAN MA 20.1005 49.75 35.00 -1035.00
08/04/95 SLL AHP AMERICAN HOME P -14.0598 78.75 35.00 1072.21
08/15/95 DV+ APY ALLMERICA PPTY 1.92
09/05/95 BYC MTSI MICROTOUCH SYST 44.9438 16.89 35.00 -794.13
09/20/95 DV+ SLM STUDENT LOAN MA 7.43
09/22/95 SLL APY ALLMERICA PPTY -47.9042 24.37 35.00 1132.66
10/13/95 SLL SLM STUDENT LOAN MA -20.1005 61.00 35.00 1191.13
10/13/95 **CASH*** Closing Balance 630.00 4969.15
Portfolio Positions - 12/31/95
-------------------------------
T Symbol Description Quantity $ Cost Mkt Price $ Value Val %
- --------- --------------- ---------- ----------- --------- ----------- -----
**CASH*** 4969.15 4969.15 100%
----------- ----------- -----
Portfolio Total 4969.15 4969.15 100%
Capital Gains 02/17/95-10/13/95
--------------------------------
Symbol Descrip Quantity Buy Date SellDate $ Sales Cost Basis Gain/-Loss
--------- --------- --------- -------- -------- ---------- ---------- ----------
TDM TANDEM CO 57.1429 02/24/95 03/31/95 850.71 1035.00 -184.29
WSGC WILLIAMS- -46.5116 05/05/95 02/24/95 965.00 831.51 133.49
FG USF&G 71.4286 03/17/95 05/12/95 1152.50 1035.00 117.50
MO PHILIP MO 16.129 03/03/95 06/02/95 1156.53 1035.00 121.53
CWM CWM MORTG 94.1176 04/13/95 06/16/95 1117.94 1035.00 82.94
AHP AMERICAN 14.0598 02/17/95 08/04/95 1072.21 1035.00 37.21
MTSI MICROTOUC -44.9438 09/05/95 07/07/95 965.00 794.13 170.87
APY ALLMERICA 47.9042 06/09/95 09/22/95 1132.66 1035.00 97.66
SLM STUDENT L 20.1005 07/14/95 10/13/95 1191.13 1035.00 156.13
---------- ---------- ----------
Capital Gains (Short Term) 9603.68 8870.64 733.04
---------- ---------- ----------
Capital Gains (Long Term) 0.00 0.00 0.00
Dividend Summary 02/17/95-10/13/95
-----------------------------------
Symbol TAC Description $ Amount $ Withheld
--------- --- ---------------------------------- ------------ ------------
AHP DV+ AMERICAN HOME PRODUCTS 10.54
APY DV+ ALLMERICA PPTY & CAS COS INC 1.92
CWM DV+ CWM MORTGAGE HOLDINGS 25.41
FG DV+ USF&G 3.57
MO DV+ PHILIP MORRIS 13.47
SLM DV+ STUDENT LOAN MARKETING ASSOC. 7.43
------------ ------------
Total Earned (Long) 62.34 0.00
PORTFOLIO RECORD
------------------
02/17/95 - 10/13/95
Return including commissions: 19.13%
Return excluding commissions: 34.29%
SP500 (481.97 - 584.50) : 21.27%
Total Trades 9
Winners 8
Losers 1
SUCCESS RATE: 88.8%
================================================================================
SYMBOL KEY
DPF = CASH DEPOSIT OF FUNDS WDF = CASH WITHDRAWL OF FUNDS
BUY = BUY SECURITY SLL = SELL SECURITY
SLS = SELL SECURITY SHORT BYC = BUY TO COVER SHORT POSITION
SP+ = SPLIT LONG SP- = SPLIT SHORT
T = TYPE OF INVESTMENT S = STOCK
$/U = PRICE PER SHARE $/COST = TOTAL INVESTMENT
TAC = TRANSACTION CODE QUANTITY = # OF SHARES HELD
DV+ = CASH DIVIDENDS PAID
PANELIST COMPANY SYMBOL
Gail Dudack American Home Products AHP
William Waters Tandem Computers TDM
Laszlo Birinyi Williams-Sonoma (Short) WSGC
Gail Dudack Philip-Morris MO
Julius Westheimer USG&F FG
John Dessauer CWM Mortgage Holdings CWM
Michael Holland Allmerica Prop. & Casu. APY
Laszlo Birinyi Microtouch Systems Inc. (Short) MTSI
Harvey Eisen Student Loan Marketing Assoc. SLM
Louis Holland Student Loan Marketing Assoc. SLM
Please note that the stocks selected above were culled from a list of over 140
different companies. Many of the other selections submitted by the WSW
panelists will produce profitable trades during 1995. Their omission in no
reflects negatively upon their abilities, rather it shows the limits of the
editor's knowledge and talents.
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