WALL STREET ELVES REPORT
WALL STREET ELVES REPORT
Volume 5, Issue 52.
12/31/98
Copyright (C) 1998, RUSSELL EQUITY MANAGEMENT
All Rights Reserved
http://home.att.net/~rthomas9
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 the weekly
financial news into concise, informative and at times humorous monologues.
Throughout the years WALL STREET WEEK has provided perceptive viewers with
many profitable investment ideas.
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 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 recommend several investment
ideas they believe will prove profitable in due time. Every year there are
several outstanding picks submitted by the panelists that easily beat the
market averages. This list can be obtained by writing WALL STREET WEEK,
Owings Mills, Maryland 21117, by faxing a request to 410-581-0980 or by
accessing the Dow Jones News Retrieval Service.
Our one 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 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 list. Each weekly issue
will contain our "MODEL PORTFOLIO" giving exact buy and sell signals for
each of our selections, in addition each issue will track the individual
panelists performance on a YTD basis. Since the focus of our letter is on
common stocks we will not follow the debenture, option, currency, preferred
stock, mutual fund, or warrant picks made by the WSW panelists. Also, we
will not cover obscure or "penny" stock picks for which a current price
quote is difficult to obtain.
We begin 1998 by investing a hypothetical $1,000 in each of the panelists
common stock picks with the entry price being the year-end closing price.
For each panelist we have assigned a "prefix letter" which is attached to
the name of his/her stock picks. The Portfolio Position report is sorted by
this prefix thus grouping the panelists picks together within the report.
We do not follow dividend payments, thus YTD return figures for each of the
panelists along with the "MODEL PORTFOLIO" track only capital
appreciation/depreciation. The entry/exit price for each trade within our
"MODEL PORTFOLIO" will be a Friday closing price. If you wish to trade on
our advice, "buy" or "short" our selections ONLY at our entry price ($/U) or
better. Remember, past performance is no guarantee of future results.
WALL STREET ELVES REPORT is posted to our web page for registered users and
emailed to trial subscribers on weekends no later than Sunday 12 midnight
EST.
============================================================================
1997 IN REVIEW:
During 1997 we followed the common stock selections made by 22 panelists of
Wall Street Week with Louis Rukeyser. For the period 12/27/96 through
01/02/98 the combined average return for the 22 panelists was 24.00%
versus a 28.83% rise in the SP500 Index. On a non-risk adjusted basis 6 of
the 22 panelists (27.2%) beat the SP500 Index. The top four non-risk
adjusted panelists were:
GROUP 1
winners losers Sharpe Ratio
Maceo K. Sloan +40.37% 9 2 1.51
Martin E. Zweig +37.70% 11 0 1.24
James Grant +37.65% 6 2 3.38
Ralph J. Acampora +36.36% 5 1 .79
Adjusting performances to reflect market risk (see Appendix below), 11 of
the 22 panelists (50%) were able to beat the SP500 Index. The top four
performers on a risk adjusted basis were:
GROUP 2
winners losers Sharpe Ratio
James Grant +37.65% 6 2 3.38
Alan Bond +23.54% 10 2 1.56
Maceo K. Sloan +40.37% 9 2 1.51
Laszlo Birinyi +21.26% 6 3 1.37
AVERAGES
winners losers Sharpe Ratio
GROUP 1 +38.02% 31 5 1.73
GROUP 2 +30.70% 31 9 1.96
With the SP500 Index posting a Sharpe Ratio of 1.19 for the year, each of
the above panelists, with the exception of Ralph Acampora, beat the market
on a risk adjusted basis.
Perhaps 1997's best performance was turned in by Martin Zweig. With no low
priced volatile issues among his recommendations, all 11 of his common
stockpicks were ahead by yearend. Mr. Zweig's best and worst picks were
Herman Miller (MLHR) +97.69%, Texas Utilities Company (TXU) +2.14%.
Mr. Zweig's 1997 selections were:
CM Capstead Mortgage Corporation GGP General Growth Properties
LCE Lone Star Industries LLX Louisiana Land & Exploration
MLHR Miller (Herman) PLX Plains Resources
ROBN Robbins & Myers RSE Rouse Company (The)
SB Salomon TXU Texas Utilities Company
WPSN WestPoint Stevens
The five best stock picks for the 1997 were:
Symbol Company Name Return
Elizabeth Dater AWIN Allied Waste 175.75%
John P. Dessauer HWG Hallwood Group 162.83%
Maceo K. Sloan EUGS Eurogas 114.73%
Howard P. Colhoun UIS Unisys 106.60%
Louis A. Holland GNCI General Nutrition Companies 102.25%
============================================================================
THE PANELISTS AND THEIR 1998 COMMON STOCK PICKS
Date SP500 Return
-------- ------ ------
01/02/98 975.00
12/31/98 1229.23 + 26.07%
YTD
Portfolio
Name Symbol Portfolio Return
A. Ralph Acampora
................. 4.43%
First Vice President/Director NKE A-Nike, Inc. - Short
of Technical Research PHG A-Philips Electronics N.V. - Short
Prudential Securities TDW A-Tidewater, Inc. - Short
1 New York Plaza, Ste. 2017 +& TKC A-Thiokol Corp. - Short
New York, NY 10292 B A-Barnes Group, Inc. - Short
(212) 778-2344
Fax: 778-1208
+ note TKC split 2-1 on 3/16/98
& TKC symbol changed to CDD on 05/07/98
B. Laszlo Birinyi
................. 36.29%
President AAPL B-Apple Computer, Inc.
Birinyi Associates ? B-Bangkok Bank Public Company Ltd.
280 Railroad Avenue BRKB B-Berkshire Hathaway, Inc. - CL B
Greenwich, CT 06830 CAIB B-Continental Airlines, Inc. - CL B
(203) 629-2400 GLW B-Corning Inc.
Fax: 629-3441 MEL B-Mellon Bank Corp.
NKE B-Nike, Inc.
PFE B-Pfizer Inc.
MO B-Philip Morris Companies Inc.
? not included in portfolio YTD return quote difficult to obtain
C. Alan Bond
............ 19.61%
President + ABT C-Abbott Laboratories
Bond, Procope Capital Manag. + BK C-Bank of New York Company, Inc.
55 East 59th Street, 19th Fl. IBM C-International Business Machines
New York, NY 10022 + NYT C-New York Times Company
(212) 752,0900/800-821-2589 NTRS C-Northern Trust Corp.
Fax: 752-1381 PFE C-Pfizer Inc.
SVRN C-Sovereign Bancorp, Inc.
SUB C-Summit Bancorp
WFMI C-Whole Foods Market, Inc.
+ note BK split 2-1 on 8/14/98
+ note NYT split 2-1 on 7/02/98
+ note ABT split 2-1 on 6/01/98
D. Ed Brown
............ 51.75%
President ACXM D-Acxiom Corp.
Brown Capital Management Inc. AZO D-AutoZone, Inc.
809 Cathedral Street CSCO D-Cisco Systems, Inc.
Baltimore, MD 21201 FAST D-Fastenal Company
(410) 837-3234 ! GNT D-Green Tree Financial Corp.
Fax: 837-6525 + MSFT D-Microsoft Corp.
ORCL D-Oracle Corp.
SE D-Sterling Commerce, Inc.
WCLX D-Wisconsin Central Transportation
+ note MSFT split 2-1 on 2/23/98
! GNT delisted from NYSE on 7/1/98
E. Frank Cappiello
.................. 11.18%
President BA E-Boeing Company
McCullough, Andrews & Cappiello EDS E-Electronic Data Systems Corp.
Greenspring Station GOU E-Gulf Canada Resources Ltd.
10751 Falls Road, Suite 250 HGR E-Hanger Orthopedic Group, Inc.
Lutherville, MD 21093 INTC E-Intel Corp.
(401) 337-2255 NE E-Noble Drilling Corp.
Fax: 823-0146 PAUH E-Paul Harris Stores, Inc.
SUNW E-Sun Microsystems, Inc.
F. Howard P. Colhoun
.................... -68.61%
14114 Mantua Mill Road & FPFG F-FIRSTPLUS Financial Group, Inc.
Glyndon, MD 21071 GADZ F-Gadzooks, Inc.
(410) 429-4329 (ph & fax) LFCO F-Life Financial Corp.
STAA F-STAAR Surgical Company
& TIMT F-Titanium Metals Corp.
& FPFG symbol changed to FP on 01/08/98
& TIMT symbol changed to TIE on 07/16/98
G. Elizabeth Dater
.................. 36.57%
(Maureen Bowen) AVY G-Avery Dennison Corp.
Sr. Managing Director + BK G-Bank of New York Company, Inc.
Warburg, Pincus + CCU G-Clear Channel Communications, Inc.
Counsellors, Inc. GAC G-Gulfstream Aerospace Corp.
466 Lexington Ave., 10th Fl. MWD G-Morgan Stanley, Dean Witter
New York, NY 10017 NFS G-Nationwide Financial Services, Inc.
(212) 878-0600 NTRS G-Northern Trust Corp.
Fax: 878-9351 + WLA G-Warner-Lambert Company
! WAI G-Western Atlas Inc.
+ JWA G-John Wiley & Sons, Inc.
+ note JWA split 2-1 on 10/19/98
+ note BK split 2-1 on 8/14/98
! WAI delisted from NYSE on 8/11/98
+ note CCU split 2-1 on 7/29/98
+ note WLA split 3-1 on 5/26/98
H. Alison Deans
............... 20.34%
Managing Director AVP H-Avon Products, Inc.
Smith Barney + BK H-Bank of New York Company, Inc.
388 Greenwich St., 28th Fl. ! Y-FLC H-Falcon Drilling Company, Inc.
New York, NY 10013 ! FCN H-First Chicago NBD Corp.
(212) 816-1710 && TRV H-Travelers Group, Inc.
Fax: 816-6213 + WFC H-Wells Fargo & Company
&& CCI symbol changed to C on 12/04/98
+ note WFC split 10-1 on 11/3/98
& TRV symbol changed to CCI on 10/08/98
! FCN delisted from NYSE on 10/02/98
+ note BK split 2-1 on 8/14/98
! FLC delisted from NYSE on 1/2/98
I. John Dessauer
................ -13.07%
Editor & BFIT I-Bally Total Fitness Holding Corp.
Dessauer's Investor's World CSRE I-Comshare, Inc.
P.O. Box 1718 DEO I-Diageo plc
Orleans, MA 02653 ESF I-Espirito Santo Financial Group
(508) 255-1651 FFS I-Fletcher Challenge Forests
Fax: 255-9243 HLT I-Hilton Hotels Corp.
IAD I-Inland Steel Industries, Inc.
LSI I-LSI Logic Corp.
MOT I-Motorola Inc.
NKE I-Nike, Inc.
& BFIT symbol changed to BFT on 04/02/98
J. Gail Dudack
.............. 18.20%
Managing Director AEP J-American Electric Power Company,
Chief Equity Strategist DLX J-Deluxe Corp.
Union Bank of Switzerland ECSGY J-ECsoft Group plc
299 Park Avenue ELN J-Elan Corporation plc
New York, NY 10171 FMBI J-First Midwest Bancorp, Inc.
(212) 821-4709 HAS J-Hasbro, Inc.
Fax: 821-6625 IBM J-International Business Machines
! LCI J-LCI International, Inc.
+ PIR J-Pier 1 Imports, Inc.
PRTG J-PRT Group Inc.
+ WLA J-Warner-Lambert Company
+ note PIR split 3-2 on 7/30/98
! LCI delisted from NYSE on 6/8/98
+ note WLA split 3-1 on 5/26/98
K. Harvey Eisen
............... 32.09%
Senior Vice President/Invest. AMXI K-AMNEX, Inc.
The Travelers Inc. ! BSPT K-Bell Sports Corp.
388 Greenwich Street HRB K-H & R Block, Inc.
New York, NY 10013 CQ K-COMSAT Corp.
(212) 816-3181 DBCC K-Data Broadcasting Corp.
Fax: 816-3364 FRO K-Frontier Corp.
HDL K-Handleman Company
IVX K-IVAX Corp.
+ LEG K-Leggett & Platt, Inc.
LOR K-Loral Space & Communications
RLLY K-Rally's Hamburgers, Inc.
? K-The Right Start, Inc.
! BSPT delisted from OT on 8/19/98
+ note LEG split 2-1 on 6/16/98
? not included in portfolio YTD return quote difficult to obtain
L. Mary Farrell
............... 69.33%
Managing Director + AOL L-America Online, Inc.
PaineWebber, Inc. AMAT L-Applied Materials, Inc.
1285 Avenue of the Americas, + BBBY L-Bed Bath & Beyond, Inc.
9th Floor + CMB L-Chase Manhattan Corp.
New York, NY 10019 + CPQ L-Compaq Computer Corp.
(212) 713-2418 + ECL L-Ecolab, Inc.
Fax: 969-7719 GCI L-Gannett Company, Inc.
LEA L-Lear Corp.
+ MSFT L-Microsoft Corp.
+ NYT L-New York Times Company
PEP L-PepsiCo, Inc.
SGP L-Schering-Plough Corp.
+ note BBBY split 2-1 on 8/03/98
+ note NYT split 2-1 on 7/02/98
+ note CMB split 2-1 on 6/15/98
+ note AOL split 2-1 on 3/17/98
+ note MSFT split 2-1 on 2/23/98
+ note ECL split 2-1 on 1/16/98
+ note CPQ split 2-1 on 1/21/98
M. Thomas Gallagher
................... 14.26%
AMAT M-Applied Materials, Inc.
BGALY M-Banco de Galicia y Buenos Aires
BILL M-Billing Information Concepts Corp.
CSE M-Case Corp.
CTAL M-Catalytica, Inc.
LOR M-Loral Space & Communications
ORCL M-Oracle Corporation
? M-Paribas
QCOM M-QUALCOMM, Inc.
+ SLM M-SLM Holding Corp.
TXU M-Texas Utilities Company
WCOM M-WorldCom, Inc.
+ note SLM split 7-2 on 1-5-98
? not included in portfolio YTD return quote difficult to obtain
N. Thomas Galvin
................ -10.42%
BSX N-Boston Scientific Corp.
? N-Enserch Exploration Partners Ltd.
QNTM N-Quantum Corp.
RTEX N-RailTex, Inc.
RII N-Republic Industries, Inc.
+ SPC N-St. Paul Companies, Inc.
USF N-U.S. Filter Corp.
& UW N-U.S.A. Waste Services, Inc.
& UW symbol changed to WMI on 07/16/98
? not included in portfolio YTD return quote difficult to obtain
+ note SPC split 2-1 on 5-12-98
O. James Grant
.............. -13.22%
Editor ? O-Alaska Milk Corp.
Grant's Interest Rate Observe & BUYR O-Consolidation Capital - Short
30 Wall Street GE O-General Electric Company - Short
New York, NY 10005 IBM O-IBM - Short
(212) 809-7994 LMM O-LASER Mortgage Management - Short
Fax: 809-8426 + JWA O-John Wiley & Sons, Inc. - Short
SWKOY O-Sawako Corp.
SKM O-SK Telecom Company Ltd.
!& VAALY O-Vaal Reefs Exploration & Mining
? O-Nam Yang Dairy Products Company
+ note JWA split 2-1 on 10/19/98
& BUYR symbol changed to BOSS on 09/17/98
? not included in portfolio YTD return quote difficult to obtain
& VAALY symbol changed to AGOLY on 03/30/98
! AGOLY delisted from OT on 6/29/98
P. Louis Holland
................ 18.17%
Managing Partner COMS P-3Com Corp.
Holland Capital Mgmt. + BBY P-Best Buy Company, Inc.
35 W. Wacker Dr., Ste. 3260 DANKY P-Danka Business Systems plc
Chicago, IL 60601 ! FCN P-First Chicago NBD Corp.
(312) 553-1000/800-522-2711 FDC P-First Data Corp.
Fax: 553-1031 GDXA P-Genovese Drug Stores, Inc.
! LCI P-LCI International, Inc.
NVTSY P-Novartis
MO P-Philip Morris Companies Inc.
PLC P-PLC Systems Inc.
WTNY P-Whitney Holding Corp.
! FCN delisted from NYSE on 10/02/98
! LCI delisted from NYSE on 6/8/98
+ note BBY split 2-1 on 5/27/98
Q. Michael Holland
.................. -15.00%
Chairman BT Q-Bankers Trust New York Corp.
Holland & Company L.L.C. FUSE Q-Fuisz Technologies Ltd.
375 Park Avenue IP Q-International Paper Company
New York, NY 10152 MOT Q-Motorola, Inc.
(212) 486-2002 PXD Q-Pioneer Natural Resources Company
Fax: 486-0744 S Q-Sears, Roebuck & Company
UCR Q-UCAR International, Inc.
R. John Kim
........... -17.62%
! AHM R-H.F. Ahmanson & Company
AGI R-Alpine Group, Inc.
ENV R-CET Environmental Services, Inc.
! CLV R-Clearview Cinema Group, Inc.
LNCE R-Lance, Inc.
LSH R-LaSalle Re Holdings Ltd.
? R-Mizuno Corp.
NORT R-Norton Drilling Services, Inc.
? R-Ocean Rig ASA
QSNDF R-QSound Labs, Inc.
CHEZ R-Suprema Specialties, Inc.
UNMG R-UniMark Group, Inc.
! CLV delisted from AMEX on 12/3/98
! AHM delisted from NYSE on 10/2/98
? not included in portfolio YTD return quote difficult to obtain
S. Barbara Marcin
.................. 3.24%
ADVNA S-Advanta Corp.
AMAT S-Applied Materials, Inc.
BT S-Bankers Trust New York Corp.
CCK S-Crown Cork & Seal Company, Inc.
GP S-Georgia-Pacific Corp.
GEMS S-Glenayre Technologies, Inc.
JPM S-J.P. Morgan & Company Inc.
MRA S-Meritor Automotive, Inc.
OXHP S-Oxford Health Plans, Inc.
+ SLM S-SLM Holding Corp.
YUM S-Tricon Global Restaurants, Inc.
WLP S-Wellpoint Health Networks Inc.
+ note SLM split 7-2 on 1-5-98
T. Bernadette Murphy
.................... 42.05%
Managing Director BELW T-Bellwether Exploration Company
Kimelman & Baird L.L.C. GLW T-Corning Inc.
100 Park Avenue, 1105 GE T-General Electric Company
New York, NY 10017 GTE T-GTE Corp.
(212) 686-0021 IBM T-International Business Machines
Fax: 779-9603 RATL T-Rational Software Corp.
SAI T-SunAmerica, Inc.
SO T-Southern Company
U. Brian Rogers
............... -11.04%
Portfolio Manager AET U-Aetna Inc.
T. Rowe Price Associates AHC U-Amerada Hess Corp.
100 East Pratt Street GLK U-Great Lakes Chemical Corp.
Baltimore, MD 21202 HLT U-Hilton Hotels Corp.
(410) 547-5758/800 638-5660 LTR U-Loews Corportion
Fax: 625-9965 NEM U-Newmont Mining Corp.
OCAS U-Ohio Casualty Corp.
TUP U-Tupperware Corp.
! USS U-U.S. Surgical Corp.
! USS delisted from NYSE on 10/02/98
V. Maceo Sloan
.............. 6.09%
President & CEO AZA V-ALZA Corp.
NCM Capital Management Group CTEK V-Compositech Ltd.
103 West Main Street & CSTF V-CORESTAFF, Inc.
Durham, NC 27701-3638 ! GAL V-Galoob Toys, Inc.
(919) 688-0620 ! GNT V-Green Tree Financial Corp.
Fax: 682-5333 GW V-Grey Wolf, Inc.
HOU V-Houston Industries, Inc.
INTC V-Intel Corp.
NEM V-Newmont Mining Corp.
! OAKC V-Oakhurst Company, Inc.
! GAL delisted from NYSE on 11/3/98
! OAKC delisted from OTC on 2/11/98
& CSTF symbol changed to MMWW on 03/23/98
! GNT delisted from NYSE on 7/1/98
W. Liz Ann Sonders
.................. 16.82%
BHI W-Baker Hughes Inc.
+ CCL W-Carnival Corp.
AMFM W-Chancellor Media Corp.
CL W-Colgate-Palmolive Company
CPWR W-Compuware Corp.
! Y-FLC W-Falcon Drilling
MEL W-Mellon Bank Corp.
OLN W-Olin Corp.
ORX W-Oryx Energy Company
MO W-Philip Morris Companies Inc.
PSA W-Public Storage, Inc.
+ SWY W-Safeway Inc.
+ note CCL split 2-1 on 6/15/98
+ note SWY split 2-1 on 2/26/98
! FLC delisted from NYSE on 1/2/98
X. Robert Stovall
................. -16.57%
President CMO X-Capstead Mortgage Corp.
Stovall/21st Advisers, Inc. EK X-Eastman Kodak Company
790 Third Avenue, 35th Fl. BUS X-Greyhound Lines, Inc.
New York, NY 10017 OXHP X-Oxford Health Plans, Inc.
(212) 308-4620 SRM X-Sensormatic Electronics Corp.
Fax: 418-6038 ? X-United National Bancorp (NJ)
? not included in portfolio YTD return quote difficult to obtain
Y. Julius Westheimer
.................... 21.60%
Special Managing Director T Y-AT&T Corp.
Ferris, Baker Watts, Inc. + BKB Y-BankBoston Corp.
100 Light Street CBS Y-CBS, Corp.
Baltimore, MD 21202 CCE Y-Coca-Cola Enterprises Inc.
(301) 685-2600 FRE Y-Federal Home Loan Mortgage Corp.
Fax: 659-4640 + HMA Y-Health Management Associates, Inc.
LOR Y-Loral Space & Communications
SLB Y-Schlumberger Ltd.
+ TWX Y-Time Warner Inc.
&& TRV Y-Travelers Group, Inc.
UMG Y-U.S. WEST Media Group
+ WFC Y-Wells Fargo & Company
+ note TWX split 2-1 on 12/16/98
&& CCI symbol changed to C on 12/04/98
+ note WFC split 10-1 on 11/3/98
& TRV symbol changed to CCI on 10/08/98
+ note HMA split 3-2 on 7/20/98
+ note BKB split 2-1 on 6/23/98
Z. Martin Zweig
............... -14.74%
Editor ALFA Z-Alfa Corp.
The Zweig Advisors ACCOB Z-Adolph Coors Company
900 3rd Avenue CYTO Z-CYTOGEN Corp.
New York, NY 10022 GYMB Z-Gymboree Corp.
(212) 755-9860 HLR Z-Hollinger International, Inc.
Fax: 421-4995 LDRY Z-Landry's Seafood Restaurants, Inc.
LEH Z-Lehman Brothers Holdings, Inc.
LEN Z-Lennar Corp.
NS Z-National Steel Corp.
NRC Z-NAC Re Corporation
RN Z-RJR Nabisco Holdings Corp.
==========================================================================
THE TOP FIVE STOCKPICKS (YTD)
T Symbol Description Quantity $ Cost Mkt Price $ Value Val%
- --------- --------------- ---------- ----------- --------- ----------- ----
S AOL L-American Onli 33.4728 1000.00 155.1250 5192.47 2%
S BBY P-Best Buy Comp 54.9828 1000.00 61.3750 3374.57 2%
S DBCC K-Data Broadcas 179.7914 1000.00 17.8750 3213.77 1%
S AAPL B-Apple Compute 61.5385 1000.00 40.9370 2519.20 1%
S CPWR W-Compuware 30.8880 1000.00 78.1250 2413.13 1%
===========================================================================
Portfolio Positions - 12/31/98
-------------------------------
T Symbol Description Quantity $ Cost Mkt Price $ Value Val %
- --------- --------------- ---------- ----------- --------- ----------- -----
S B A-Barnes Group -44.5692 -1000.00 29.2500 -1303.65 -1%
S NKE A-Nike -24.9613 -1000.00 40.5620 -1012.48 -0%
S PHG A-Philips Elect -16.3599 -1000.00 67.6870 -1107.35 -0%
S CDD A-Thiokol Corp -24.5776 -1000.00 37.5000 -921.66 -0%
S TDW A-Tidewater -18.6916 -1000.00 23.1870 -433.40 -0%
S AAPL B-Apple Compute 61.5385 1000.00 40.9370 2519.20 1%
S BRKB B-Berkshire Hat 0.6540 1000.00 2350.0000 1536.90 1%
S CAIB B-Continental A 20.5656 1000.00 33.5000 688.95 0%
S GLW B-Corning 26.0586 1000.00 45.0000 1172.64 1%
S MEL B-Mellon Bank 16.5975 1000.00 68.7500 1141.08 1%
S NKE B-Nike 24.9613 1000.00 40.5620 1012.48 0%
S PFE B-Pfizer 13.2123 1000.00 125.0000 1651.54 1%
S MO B-Philip Mor 22.0692 1000.00 53.5000 1180.70 1%
S ABT C-Abbott Labora 29.6574 1000.00 49.0000 1453.21 1%
S BK C-Bank of Ne 34.9730 1000.00 40.2500 1407.66 1%
S IBM C-IBM 9.4675 1000.00 184.3750 1745.56 1%
S NYT C-New York Ti 30.5638 1000.00 34.6870 1060.17 0%
S NTRS C-Northern Tr 14.3499 1000.00 87.3120 1252.92 1%
S PFE C-Pfizer 13.2123 1000.00 125.0000 1651.54 1%
S SVRN C-Sovereign Ban 49.3827 1000.00 14.2500 703.70 0%
S SUB C-Summit Bancor 18.8016 1000.00 43.6870 821.38 0%
S WFMI C-Whole Foods M 20.3562 1000.00 48.3750 984.73 0%
S C Chrysler 18.6916 1000.00 47.1250 880.84 0%
S ACXM D-Acxiom Corp 51.9481 1000.00 31.0000 1610.39 1%
S AZO D-AutoZone 34.7078 1000.00 32.9370 1143.17 1%
S CSCO D-Cisco Systems 25.8345 1000.00 92.8120 2397.75 1%
S FAST D-Fastenal Comp 24.5399 1000.00 44.0000 1079.75 0%
S GNT D-Green Tree 36.5297 1000.00 42.8120 1563.91 1%
S MSFT D-Microsoft 15.2526 1000.00 138.6870 2115.34 1%
S ORCL D-Oracle 43.4783 1000.00 43.1250 1875.00 1%
S SE D-Sterling Comm 26.0166 1000.00 45.0000 1170.75 1%
S WCLX D-Wisconsin Cen 40.8163 1000.00 17.1870 701.51 0%
S BA E-Boeing 20.4604 1000.00 32.6250 667.52 0%
S EDS E-Electronic Da 22.7273 1000.00 50.1870 1140.61 1%
S GOU E-Gulf Canada R 142.8571 1000.00 2.9370 419.57 0%
S HGR E-Hanger Orthop 76.1905 1000.00 22.5000 1714.29 1%
S INTC E-Intel 13.7694 1000.00 118.5620 1632.52 1%
S NE E-Noble Drillin 33.5435 1000.00 12.9370 433.95 0%
S PAUH E-Paul Harris S 101.2658 1000.00 8.1250 822.78 0%
S SUNW E-Sun Microsyst 24.0964 1000.00 85.6250 2063.25 1%
S FP F-FIRSTPLUS Fin 26.4026 1000.00 2.7500 72.61 0%
S GADZ F-Gadzooks 48.7805 1000.00 7.7500 378.05 0%
S LFCO F-Life Financia 77.6699 1000.00 4.6250 359.22 0%
S STAA F-STAAR Surgica 60.1504 1000.00 7.8120 469.89 0%
S TIE F-Titanium Meta 34.0426 1000.00 8.5000 289.36 0%
S AVY G-Avery Denniso 22.5352 1000.00 45.0620 1015.48 0%
S BK G-Bank of Ne 34.9730 1000.00 40.2500 1407.66 1%
S CCU G-Clear Channel 19.3394 1000.00 54.5000 1054.00 0%
S GAC G-Gulfstream Ae 34.5578 1000.00 53.2500 1840.20 1%
S JWA G-John Wiley 37.6470 1000.00 48.3120 1818.80 1%
S MWD G-Morgan Stanle 17.0213 1000.00 71.0000 1208.51 1%
S NFS G-Nationwide Fi 27.6817 1000.00 51.6870 1430.78 1%
S NTRS G-Northern Tr 14.3499 1000.00 87.3120 1252.92 1%
S WLA G-Warner-Lamb 23.8332 1000.00 75.1870 1791.95 1%
S WAI G-Western Atlas 13.9373 1000.00 60.0620 837.10 0%
S AVP H-Avon Products 32.7868 1000.00 44.2500 1450.82 1%
S BK H-Bank of Ne 34.9730 1000.00 40.2500 1407.66 1%
S FCN H-First Chica 12.0573 1000.00 64.1250 773.18 0%
S WFC H-Wells Fargo 29.5970 1000.00 39.9370 1182.01 1%
S BFT I-Bally Total F 46.2428 1000.00 24.8750 1150.29 1%
S CSRE I-Comshare 163.2653 1000.00 3.4370 561.14 0%
S DEO I-Diageo plc 26.9818 1000.00 46.2500 1247.91 1%
S ESF I-Espirito Sant 49.6894 1000.00 19.5620 972.02 0%
S FFS I-Fletcher Chal 116.7951 1000.00 3.1250 364.98 0%
S HLT I-Hilton Hote 34.2618 1000.00 19.1250 655.26 0%
S IAD I-Inland Steel 54.9843 1000.00 16.8750 927.86 0%
S LSI I-LSI Logic Cor 46.5116 1000.00 16.1250 750.00 0%
S MOT I-Motorola 17.2043 1000.00 61.0620 1050.53 0%
S NKE I-Nike 24.9613 1000.00 40.5620 1012.48 0%
S AEP J-American Elec 19.5122 1000.00 47.0620 918.28 0%
S DLX J-Deluxe Corp 28.6738 1000.00 36.5620 1048.37 0%
S ECSGY J-ECsoft Group 55.9441 1000.00 35.2500 1972.03 1%
S ELN J-Elan Corporat 19.6804 1000.00 69.9370 1376.39 1%
S FMBI J-First Midwest 22.9885 1000.00 38.0620 874.99 0%
S HAS J-Hasbro 32 1000.00 36.1250 1156.00 1%
S IBM J-IBM 9.4675 1000.00 184.3750 1745.56 1%
S LCI J-LCI Interna 33.3333 1000.00 36.1870 1206.23 1%
S PRTG J-PRT Group 90.9091 1000.00 3.0000 272.73 0%
S PIR J-Pier 1 Import 66.1172 1000.00 9.6870 640.48 0%
S WLA J-Warner-Lamb 23.8332 1000.00 75.1870 1791.95 1%
S AMXI K-AMNEX 969.9321 1000.00 0.3750 363.72 0%
S BSPT K-Bell Sports 118.5255 1000.00 10.1250 1200.07 1%
S CQ K-COMSAT 42.1053 1000.00 36.0000 1515.79 1%
S DBCC K-Data Broadcas 179.7914 1000.00 17.8750 3213.77 1%
S FRO K-Frontier Corp 40.9216 1000.00 34.0000 1391.33 1%
S HRB K-H & R Block 22.5989 1000.00 45.0000 1016.95 0%
S HDL K-Handleman Com 149.5439 1000.00 13.8750 2074.92 1%
S IVX K-IVAX 136.7615 1000.00 12.4370 1700.90 1%
S LEG K-Leggett & Pla 46.0588 1000.00 22.0000 1013.29 0%
S LOR K-Loral Spac 46.3779 1000.00 17.8120 826.08 0%
S RLLY K-Rally's Hambu 380.9524 1000.00 0.5620 214.10 0%
S AOL L-American Onli 33.4728 1000.00 155.1250 5192.47 2%
S AMAT L-Applied Ma 32.2581 1000.00 42.6870 1377.00 1%
S BBBY L-Bed Bath & Be 52.9802 1000.00 34.1250 1807.95 1%
S CMB L-Chase Manhatt 18.0790 1000.00 71.0000 1283.61 1%
S CPQ L-Compaq Comput 33.5430 1000.00 42.0000 1408.81 1%
S ECL L-Ecolab 35.9956 1000.00 36.1870 1302.57 1%
S GCI L-Gannett Compa 16.5289 1000.00 64.5000 1066.12 0%
S LEA L-Lear Corp 20.8065 1000.00 38.5000 801.05 0%
S MSFT L-Microsoft 15.2526 1000.00 138.6870 2115.34 1%
S NYT L-New York Ti 30.5638 1000.00 34.6870 1060.17 0%
S PEP L-PepsiCo 27.7778 1000.00 40.8750 1135.42 1%
S SGP L-Schering-Plou 32.0322 1000.00 55.2500 1769.78 1%
S AMAT M-Applied Ma 32.2581 1000.00 42.6870 1377.00 1%
S BGALY M-Banco de Gali 38.0952 1000.00 17.6250 671.43 0%
S BILL M-Billing Infor 20.9424 1000.00 11.0000 230.37 0%
S CSE M-Case 16.2602 1000.00 21.8120 354.67 0%
S CTAL M-Catalytica 84.2105 1000.00 18.0000 1515.79 1%
S LOR M-Loral Spac 46.3779 1000.00 17.8120 826.08 0%
S ORCL M-Oracle 43.4783 1000.00 43.1250 1875.00 1%
S QCOM M-QUALCOMM 19.3005 1000.00 51.8120 1000.00 0%
S SLM M-SLM Holding 25.0001 1000.00 48.0000 1200.00 1%
S TXU M-Texas Utiliti 24.0240 1000.00 46.6870 1121.61 1%
S WCOM M-WorldCom 33.4035 1000.00 71.7500 2396.70 1%
S BSX N-Boston Scient 43.2432 1000.00 26.8120 1159.44 1%
S QNTM N-Quantum Corp 43.9560 1000.00 21.2500 934.07 0%
S RTEX N-RailTex 64.7794 1000.00 11.3120 732.78 0%
S RII N-Republic Indu 42.2172 1000.00 14.8750 627.98 0%
S SPC N-St Paul Comp 24.3718 1000.00 34.8120 848.43 0%
S USF N-U S Filter 33.4035 1000.00 22.8750 764.10 0%
S WMI N-U S A Waste 25.8065 1000.00 46.6250 1203.23 1%
S BOSS O-Consolidation -48.1928 -1000.00 20.8750 -1006.02 -0%
S GE O-General El -13.5135 -1000.00 102.0000 -1378.38 -1%
S IBM O-IBM -9.4675 -1000.00 184.3750 -1745.56 -1%
S JWA O-John Wiley -37.6470 -1000.00 48.3120 -1818.80 -1%
S LMM O-LASER Mortgag -68.3761 -1000.00 5.4370 -371.76 -0%
S SKM O-SK Telecom Co 146.7998 1000.00 10.1870 1495.45 1%
S SWKOY O-Sawako Corp 137.9310 1000.00 5.5000 758.62 0%
S AGOLY O-Vaal Reefs Ex 258.0645 1000.00 3.9060 1008.00 0%
S COMS P-3Com 27.7778 1000.00 44.8120 1244.78 1%
S BBY P-Best Buy Comp 54.9828 1000.00 61.3750 3374.57 2%
S DANKY P-Danka Busines 61.0687 1000.00 4.1870 255.69 0%
S FCN P-First Chica 12.0573 1000.00 64.1250 773.18 0%
S FDC P-First Data 33.1268 1000.00 31.8750 1055.92 0%
S GDXA P-Genovese Drug 56.3380 1000.00 28.5000 1605.63 1%
S LCI P-LCI Interna 33.3333 1000.00 36.1870 1206.23 1%
S NVTSY P-Novartis 12.1420 1000.00 98.0000 1189.91 1%
S PLC P-PLC Systems 117.6471 1000.00 3.8750 455.88 0%
S MO P-Philip Mor 22.0692 1000.00 53.5000 1180.70 1%
S WTNY P-Whitney Holdi 17.5055 1000.00 37.5000 656.46 0%
S BT Q-Bankers Tru 8.8545 1000.00 85.4370 756.50 0%
S FUSE Q-Fuisz Technol 114.2857 1000.00 12.8750 1471.43 1%
S IP Q-International 22.1303 1000.00 44.8120 991.70 0%
S MOT Q-Motorola 17.2043 1000.00 61.0620 1050.53 0%
S PXD Q-Pioneer Natur 34.8590 1000.00 8.7500 305.02 0%
S S Q-Sears Roebuck 21.6511 1000.00 42.5000 920.17 0%
S UCR Q-UCAR Internat 25.5187 1000.00 17.8120 454.54 0%
S AGI R-Alpine Group 53.3333 1000.00 15.0000 800.00 0%
S ENV R-CET Environme 140.3509 1000.00 1.2500 175.44 0%
S CLV R-Clearview Cin 88.8889 1000.00 23.8750 2122.22 1%
S AHM R-H F Ahmanson 15.4591 1000.00 52.3125 808.70 0%
S LSH R-LaSalle Re Ho 28.5714 1000.00 21.7500 621.43 0%
S LNCE R-Lance 38.6473 1000.00 19.9370 770.51 0%
S NORT R-Norton Drilli 470.5882 1000.00 0.4370 205.65 0%
S QSNDF R-QSound Labs 307.6923 1000.00 2.1870 672.92 0%
S CHEZ R-Suprema Speci 307.6923 1000.00 5.0000 1538.46 1%
S UNMG R-UniMark Group 238.8345 1000.00 2.1870 522.33 0%
S ADVNA S-Advanta Corp 37.2967 1000.00 13.2500 494.18 0%
S AMAT S-Applied Ma 32.2581 1000.00 42.6870 1377.00 1%
S BT S-Bankers Tru 8.8545 1000.00 85.4370 756.50 0%
S CCK S-Crown Cork & 19.8511 1000.00 30.8120 611.65 0%
S GP S-Georgia-Pacif 16.1781 1000.00 58.5620 947.42 0%
S GEMS S-Glenayre Tech 95.8130 1000.00 4.4370 425.12 0%
S JPM S-J P Morgan 8.9286 1000.00 105.0620 938.05 0%
S MRA S-Meritor Autom 47.0588 1000.00 21.0620 991.15 0%
S OXHP S-Oxford Heal 58.3942 1000.00 14.8750 868.61 0%
S SLM S-SLM Holding 25.0001 1000.00 48.0000 1200.00 1%
S YUM S-Tricon Global 34.3348 1000.00 50.1250 1721.03 1%
S WLP S-Wellpoint Hea 23.6686 1000.00 87.0000 2059.17 1%
S BELW T-Bellwether Ex 91.9540 1000.00 4.9370 453.98 0%
S GLW T-Corning 26.0586 1000.00 45.0000 1172.64 1%
S GTE T-GTE 19.6804 1000.00 65.0000 1279.23 1%
S GE T-General El 13.5135 1000.00 102.0000 1378.38 1%
S IBM T-IBM 9.4675 1000.00 184.3750 1745.56 1%
S RATL T-Rational Soft 85.5652 1000.00 26.5000 2267.48 1%
S SO T-Southern Comp 38.5550 1000.00 29.0620 1120.48 1%
S SAI T-SunAmerica 23.7389 1000.00 82.0000 1946.59 1%
S AET U-Aetna 14.2857 1000.00 78.6250 1123.21 1%
S AHC U-Amerada Hess 18.5615 1000.00 49.7500 923.43 0%
S GLK U-Great Lakes C 22.5038 1000.00 40.0000 900.15 0%
S HLT U-Hilton Hote 34.2618 1000.00 19.1250 655.26 0%
S LTR U-Loews Corport 9.5923 1000.00 98.2500 942.45 0%
S NEM U-Newmont Min 33.3333 1000.00 18.2500 608.33 0%
S OCAS U-Ohio Casualty 22.1607 1000.00 41.1250 911.36 0%
S TUP U-Tupperware 35.9557 1000.00 16.4370 591.00 0%
S USS U-U S Surgical 34.8590 1000.00 38.7500 1350.79 1%
S AZA V-ALZA Corp 31.0078 1000.00 52.2500 1620.16 1%
S CTEK V-Compositech L 592.7682 1000.00 1.0000 592.77 0%
S MMWW V-Corestaff 38.3700 1000.00 25.0000 959.25 0%
S GAL V-Galoob Toys 99.3838 1000.00 12.0000 1192.61 1%
S GNT V-Green Tree 36.5297 1000.00 42.8120 1563.91 1%
S GW V-Grey Wolf 186.0465 1000.00 0.7500 139.53 0%
S HOU V-Houston Indus 38.4615 1000.00 32.0620 1233.15 1%
S INTC V-Intel 13.7694 1000.00 118.5620 1632.52 1%
S NEM V-Newmont Min 33.3333 1000.00 18.2500 608.33 0%
S OAKC V-Oakhurst Comp 1067.2359 1000.00 1.0000 1067.24 0%
S BHI W-Baker Hughes 23.4604 1000.00 17.6250 413.49 0%
S CCL W-Carnival Corp 36.7816 1000.00 48.0000 1765.52 1%
S AMFM W-Chancellor Me 13.4568 1000.00 47.8750 644.24 0%
S CL W-Colgate-Palmo 13.6519 1000.00 92.8750 1267.92 1%
S CPWR W-Compuware 30.8880 1000.00 78.1250 2413.13 1%
S MEL W-Mellon Bank 16.5975 1000.00 68.7500 1141.08 1%
S OLN W-Olin 21.8881 1000.00 28.3120 619.69 0%
S ORX W-Oryx Energy 39.4089 1000.00 13.4370 529.54 0%
S MO W-Philip Mor 22.0692 1000.00 53.5000 1180.70 1%
S PSA W-Public Storag 34.6320 1000.00 27.0620 937.21 0%
S SWY W-Safeway 31.8092 1000.00 60.9370 1938.36 1%
S CMO X-Capstead Mort 50 1000.00 4.1250 206.25 0%
S EK X-Eastman Kodak 15.7171 1000.00 72.0000 1131.63 1%
S BUS X-Greyhound Lin 262.3295 1000.00 5.8750 1541.19 1%
S OXHP X-Oxford Heal 58.3942 1000.00 14.8750 868.61 0%
S SRM X-Sensormatic E 61.0687 1000.00 6.9370 423.63 0%
S T Y-AT&T 17.0033 1000.00 75.7500 1288.00 1%
S BKB Y-BankBoston 21.1360 1000.00 38.9370 822.97 0%
S CBS Y-CBS 35.0116 1000.00 32.8120 1148.80 1%
S CCE Y-Coca-Cola Ent 28.5714 1000.00 35.7500 1021.43 0%
S FRE Y-Federal Home 23.3579 1000.00 64.4370 1505.12 1%
S HMA Y-Health Manage 60.7607 1000.00 21.6250 1313.95 1%
S LOR Y-Loral Spac 46.3779 1000.00 17.8120 826.08 0%
S SLB Y-Schlumberger 12.3936 1000.00 46.3750 574.75 0%
S TWX Y-Time Warner 32.8208 1000.00 62.0620 2036.92 1%
S UMG Y-U S WEST Med 35.2423 1000.00 47.0000 1656.39 1%
S WFC Y-Wells Fargo 29.5970 1000.00 39.9370 1182.01 1%
S ACCOB Z-Adolph Coors 29.6850 1000.00 56.4370 1675.33 1%
S ALFA Z-Alfa Corp 56.3380 1000.00 24.2500 1366.20 1%
S CYTO Z-CYTOGEN 516.2623 1000.00 0.8430 435.21 0%
S GYMB Z-Gymboree Corp 36.4884 1000.00 6.3750 232.61 0%
S HLR Z-Hollinger Int 71.4286 1000.00 13.9370 995.50 0%
S LDRY Z-Landry's Seaf 41.5593 1000.00 7.5000 311.69 0%
S LEH Z-Lehman Brothe 19.7531 1000.00 44.0620 870.36 0%
S LEN Z-Lennar Corp 46.5116 1000.00 25.2500 1174.42 1%
S NRC Z-NAC Re Corp. 20.4082 1000.00 46.9370 957.90 0%
S NS Z-National Stee 79.2079 1000.00 7.1250 564.36 0%
S RN Z-RJR Nabisco H 26.7559 1000.00 29.6870 794.30 0%
============================================================================
THE PANELISTS AND THEIR PERFORMANCE STATISTICS
(01/02/98 - 12/24/98)
P. SHARPE RATIO AVG.of WEEKLY YTD RETURNS as % STANDARD DEVIATION
-- ------------ ------------------------------ ------------------
B 2.203878164291382 21.37148475646973 8.54973316192627
L 1.672907829284668 23.3217945098877 12.42918586730957
G 1.609993815422058 18.87800025939941 10.15475368499756
D 1.44399619102478 18.91988182067871 11.35111713409424
# 1.376978158950806 11.34602642059326 6.403235912322998
J 1.204659819602966 11.74806976318359 7.652915477752686
K .8834220767021179 14.06456470489502 13.0579195022583
Y .8582918643951416 9.924991607666016 8.61721134185791
T .8371649384498596 11.63269805908203 10.87454319000244
P .7365703582763672 9.815769195556641 9.892962455749512
C .5351256728172302 6.088207244873047 6.651329040527344
H .4119705259799957 6.807706356048584 10.38617324829102
V .336164116859436 5.022182464599609 7.416832447052002
I -4.454773902893066 2.278296232223511 17.77542686462402
O -5.433131694793701 1.309156537055969 4.454287052154541
W -6.847807884216309 1.509711503982544 6.718817234039307
M -11.70092678070068 1.296637892723083 9.495408058166504
N -19.00311470031738 1.106320142745972 13.3581075668335
E -23.51073837280273 -.0774170532822608 9.02064037322998
S -24.61999702453613 .6937509179115295 13.41573047637939
U -40.77938461303711 -2.246857404708862 8.538814544677734
@ -61.50446701049805 -1.646470904350281 14.73026561737061
A -76.91082000732422 -4.411367416381836 11.08180522918701
R -112.991584777832 -7.720608711242676 11.02408599853516
Z -116.5991668701172 -5.906538486480713 13.82252025604248
Q -127.698356628418 -6.716224193572998 13.81249332427979
X -172.9137268066406 -8.112862586975098 16.24858474731445
F -771.291259765625 -19.20109367370605 35.49429702758789
@ = The Wall Street Elves Model Portfolio
# = SP500 Index
*note see appendix below for discussion of Sharpe Ratio.
============================================================================
============================================================================
============================================================================
THE WALL STREET ELVES MODEL PORTFOLIO
TRADE RECOMMENDATIONS
NO RECOMMENDATIONS FOR THE WEEK ENDING 12/31/98.
============================================================================
MODEL PORTFOLIO RECORD
----------------------
01/02/98 - 12/31/98
Return excluding commissions: -18.99%
SP500 (975.00 - 1229.23) : 26.07%
Total Trades 5
Winners 1
Losers 4
SUCCESS RATE: 20%
Transactions
-------------
Date TAC Symbol Description Quantity $/U Com/Fees $ Amount
-------- --- --------- --------------- ---------- -------- -------- -----------
01/02/98 BUY FCN %HP-First Chica 12.0573 82.94 -1000.00
01/02/98 BUY LEA L-Lear Corp 20.8065 48.06 -1000.00
01/02/98 BUY BKB Y-BankBoston 10.568 94.62 -1000.00
01/02/98 DPF Cash 3000.00
03/13/98 BUY AVY G-Avery Denniso 19.4884 51.31 -1000.00
03/13/98 DPF Cash 1000.00
06/23/98 SP+ BKB Y-BankBoston 10.568 0.00
07/02/98 BUY WLA %GJ-Warner-Lamb 13.6869 73.06 -1000.00
07/02/98 DPF Cash 1000.00
08/28/98 SLL FCN %HP-First Chica -12.0573 67.56 814.62
08/28/98 SLL BKB Y-BankBoston -21.136 36.00 760.90
08/28/98 WDF Cash -1575.52
Portfolio Positions - 12/31/98
-------------------------------
T Symbol Description Quantity $ Cost Mkt Price $ Value Val %
- --------- --------------- ---------- ----------- --------- ----------- -----
S WLA %GJ-Warner-Lamb 13.6869 1000.00 75.1870 1029.08 38%
S AVY G-Avery Denniso 19.4884 1000.00 45.0620 878.19 32%
S LEA L-Lear Corp 20.8065 1000.00 38.5000 801.05 30%
----------- ----------- -----
Common Stocks 3000.00 2708.32 100%
----------- ----------- -----
Portfolio Total 3000.00 2708.32 100%
Capital Gains 01/02/98-12/31/98
--------------------------------
Symbol Descrip Quantity Buy Date SellDate $ Sales Cost Basis Gain/-Loss
--------- --------- --------- -------- -------- ---------- ---------- ----------
FCN %HP-First 12.0573 01/02/98 08/28/98 814.62 1000.00 -185.38
BKB Y-BankBos 21.136 01/02/98 08/28/98 760.90 1000.00 -239.10
---------- ---------- ----------
Capital Gains (Short Term) 1575.52 2000.00 -424.48
---------- ---------- ----------
Capital Gains (Long Term) 0.00 0.00 0.00
============================================================================
MODEL PORTFOLIO SELECTIONS
PANELIST COMPANY SYMBOL
Mary Farrell Lear Corp. LEA
Alison Deans First Chicago NBD Corp. FCN
Louis Holland First Chicago NBD Corp. FCN
Julius Westheimer BankBoston Corp. BKB
Elizabeth Dater Avery Dennison AVY
Gail Dudack Warner-Lambert Company WLA
Elizabeth Dater Warner-Lambert Company WLA
Please note that the stocks selected for the MODEL PORTFOLIO were culled
from a list of over 200 different companies. Many of the other selections
submitted by the WSW panelists will produce profitable trades during 1998,
their omission does not reflect negatively upon any panelist or company,
rather it demonstrates the limits of the editor's knowledge and talents.
============================================================================
SYMBOL KEY
DPF = CASH DEPOSIT OF FUNDS WDF = CASH WITHDRAWAL 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 M = MUTUAL FUND
TAC = TRANSACTION CODE $/COST = TOTAL INVESTMENT
DV+ = CASH DIVIDENDS PAID QUANTITY = # OF SHARES HELD
ss = SHORT SALE
**Note: In calculating the cost basis of each portfolio we assume 100%
margin requirements for each stock. If a portfolio consisted of 7
stocks (six long, one short) the cost basis would be $7,000.
The WALL STREET ELVES REPORT is produced weekly by RUSSELL EQUITY MANAGEMENT.
Periodically RUSSELL EQUITY MANAGEMENT may have positions in stocks profiled
by THE WALL STREET ELVES REPORT. RUSSELL EQUITY MANAGEMENT is not
affiliated with WALL STREET WEEK, the Public Broadcasting System, Louis
Rukeyser, nor any of the WSW panelists.
RETURN TO ARCHIVES