Weekly Wrap
September 8, 2000 | Weekly Wrap Archive »
It
was a busy and interesting Chick Week...
First, and most importantly in Chick Karin's world, her jewelry got
thrown away in a Ben and Jerry's container. Moral: Don't hide precious
gems in the freezer.
The Chicks voted Monday night to buy Yahoo and added it their portfolio.
We bought YHOO at 115.58 per share (after adding in our transaction
fee). It closed Friday at 104.13 Ummm, it had a down week. Down 9%.
That'd be a Yah-bummer-hoo. Most of the stocks on the Nasdaq were down
for the week. They ended three out of the last five days down. Never
fear... we're in for the long haul.
Being one month before most company's report their earnings, a few
businesses came out with earnings "warnings". It's kind of
like before the nurse injects the needle and says, "Okay, this is
gonna hurt now." The hurting needles this week were Circuit City,
May, DuPont, National Discount Brokers, TRW and Campbell's Soup. Mmmm
Mmmm Yah-bummer-hoo-too.
Here is how the week finished for our Indices:
|
Fri
9/8/00 |
Fri
9/1/00 |
Movement |
| Dow |
11,220.65 |
11,312.77 |
down .39% |
| Nasdaq |
3978.41 |
4234.33 |
down 2.93% |
| S & P |
1494.50 |
1514.54 |
down .01% |
|