HDTenEightyP/NetNews huggingface dataset:
From: bbs.dennis@gilligan.tsoft.net (Dennis Yelle)
Subject: Re: Any thoughts on Novell?
Organization: The TSoft BBS and Public Access Unix, +1 415 969 8238
Date: Mon, 25 Jan 1993 04:26:40 GMT

andy@federation.gatech.edu (Andy Register) writes:

> In article <om4oXB1w165w@gilligan.tsoft.net> bbs.dennis@gilligan.tsoft.net (D
> 
> >short it yet.  Borland is a good short at 18, I think, but not Novel
>                                   ***** ---^^
> 
> Please expand on this position.  I kind of think Borland has been 
> beat down pretty good and was thinking of bottom fishing here.
> 

1. Borland posted losses for 3 of the last 6 quarters.
   They lost $2.34 per share in the December quarter alone.
2. Book value is about $8 per share.
3. I expect Borland to earn about $1 per share next year.

Therefore I conclude that it should sell for no more than $12 today.
Friday it closed at 19 7/8.  I would short it at that price, but I
already did at 21 3/4 last month.

--
Dennis Yelle (bbs.dennis@gilligan.tsoft.net)
Newsgroups: misc.invest
From: larry@boris.webo.dg.com (Larry Rogers)
Subject: Re: Covered Calls:  Less Risk - High Returns.
Date: 22 Jan 93 14:35:54
Distribution: usa
	<1jhronINNakl@gap.caltech.edu>
Organization: Data General, Westboro, Mass.



--
    @@               Larry Rogers               *
   @@@               Larry_Rogers@dg.com        *   Big Brother
   @@@ &&&           larry@boris.webo.dg.com    *   is Watching
    @@ &&            Data General  508-870-8441 * 

The opinions contained herein are my own, and do not reflect the
opinions of Data General or anyone else, but they should.

"Sometimes we are the windshield, sometimes we are the bug"
   Dire Straits
Newsgroups: misc.invest
From: bjh42543@uxa.cso.uiuc.edu (Brian J. Haag)
Subject: Re: Looking for good investment book!
Organization: University of Illinois at Urbana
Distribution: usa
Date: Thu, 28 Jan 1993 05:50:14 GMT

Peter Lynch's _One Up on Wall Street_ seems to be well-thought-of.  I know I
enjoyed it.

-- 
    Brian J. Haag             |  "System + Spirit = Success" -- Gary Smith
    bjh42543@uiuc.edu         |                                          
    Senior, Dept. of Finance  |   My opinions don't necessarily represent      
    University of Illinois    |   what *I* think, much less anyone else.
From: keithr@tekig1.PEN.TEK.COM (Keith D Rule)
Newsgroups: misc.invest
Subject: Investment Coops
Date: 22 Jan 93 20:57:18 GMT


I'm interested in gathering information on Investment
Coops. I recently read an artical (though I can't
remember where) that claimed 85% of all investment
coops have a better return than the S&P 500, as 
opposed to 25% of Mutual Funds.

As I understand it, investment coops are a group
of folks who get together, pool their money, create
an investment strategy, and make investments with their
pooled money. This sounds attractive to me for several reasons:

	1)  I can have a direct input in the investment
	    strategy (rather than leaving the up to some
	    unknown fund manager as in a mutual fund).
	    And the strategy can quickly change to take
	    quick advantage of opportunities.

	2)  Pooled money makes diversification easier and
	    creates opportunities for investment that I
	    may not have with my modest investment budget.

	3)  Since the money to be invested belongs to
	    the people making the investments, there will 
	    (hopefully) be more care and diligence applied 
	    to choosing investments than, say, an average 
	    Mutual fund.

What I haven't found is a book on starting or finding
an investment coop. It's seems like there would be many
legal, tax, and logistical problems to overcome to make
an investment coop work.

I'm interested in finding information on investment coops.
Any references, advice, or info you'd care to share would be helpful.

Thanks in advance.

Keith Rule
keithr@tekig1.PEN.TEK.COM
From: mahoney@cs.utexas.edu (J. Jeff Mahoney)
Newsgroups: misc.invest
Subject: Financial Research Center at MIT??
Date: 21 Jan 1993 12:22:29 -0600
Organization: Just Do It Society
NNTP-Posting-Host: deimos.cs.utexas.edu


     I recently read an article mentioning The International
Financial Research Center at MIT, and the work they are
doing using neural networks to perform complex financial and
securities market analysis.  Does anyone have any further information
on this organization or their project leader Andrew Lo (of Sloan
School of Management)?  Any publications of this group or Lo that
any one knows of?

Any information would be welcomed.  e-mail to address below.

thanks,

-- 
*** jeff mahoney   e-mail: mahoney@cs.utexas.edu      prodigy: VWPD73A     ***
** Artificial Intelligence Laboratory, Taylor Hall 2.124,  UT Austin 78712  **
**     Voice: (512)471-9589      Answering Machine/FAX: (512)389-1349       **
*** - I'd rather be doing aerobics, playing golf, country-western dancing  ***
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: mutual funds
Organization: Unocal Corporation
Date: Sat, 23 Jan 1993 19:49:44 GMT

All you people that have been splitting hairs the last couple weeks 
over which fund to invest in have missed a five percent turnup
in the aggressive funds.  That is two years of bank interest in
three weeks.  Don't over-contemplate in a bull market.

Newsgroups: misc.invest
From: larryba@polstra.uucp (Larry Barello)
Subject: Re: Quicken vs. Manage your Money
Organization: Polstra & Co., Inc., Seattle, WA
Date: Sun, 24 Jan 1993 17:14:28 GMT

>In article <1993Jan22.173752.16323@ee.gatech.edu> austin@eecom.gatech.edu (Mark D. Austin) writes:
>>I was wondering if someone could suggest which package would be 
>>better for home finances, including tracking my investments,
>>check writing etc. 

You might want to consider Microsoft Money as long as tracking investments
is not high on you priority list.  It doesn't handle investments at all 
without some major fooling around.  However, it does handle checking and
other money managemnt stuff just fine and it is very easy to use.  I have
been trying to use Quicken for Windows version 2.0 and gave up.  I limit
it to calculating my investment performance - and that is suspect now 
given the recent news traffic...

Cheers!
-- 
Larry Barello			uunet!polstra!larryba
Newsgroups: misc.invest
From: a3chow@student.business.uwo.ca (Arthur Chow)
Subject: Software
Organization: University of Western Ontario
Date: Wed, 27 Jan 1993 21:02:32 GMT

Hi!

I am working on an investment project. I just wonder if anyone knows 
about some shareware available that could be useful.

Thank you very much of your help!

Arthur Chow (Western Business School)

a3chow@student.business.uwo.ca (Arthur Chow)
Western Business School  --  London, Ontario
Newsgroups: misc.invest
From: jdavis@ssf-sys.DHL.COM (Jim Davis)
Subject: Mexico Fund
Organization: DHL Systems, Inc.
Distribution: na
Date: Wed, 27 Jan 1993 19:33:13 GMT

Can anyone tell me more about the Mexico fund mutual fund?  Where are they
located, address, phone #, good/bad comments, etc.?

Thanks!
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Covered Calls:  Less Risk - High Returns.
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Fri, 22 Jan 1993 18:30:18 GMT

(Arthur S. Kamlet) writes:
|> In article <1993Jan21.213932.28063@mobil.com> etpeters@dal.mobil.com (E. T. Peterson(Eric)) writes:
|> 
|> While you make an argument for this being an analogy, it's also true
|> that the risks are quite opposite.  Covered call writing is probably
|> the lowest risk of the various combinations we could concoct,
|> excepting perhaps  several straddle positions.   However writing
|> puts and shorting stock in combination presents about the highest
|> of risks.
|> 
|> puts are good for folks who think the price won't fall; so is
|> shorting the stock itself.  But covered call writing assumes the
|> price won't rise, while purchase of the stock to cover the call
|> predicts the stock will rise.   Not quite the same.
 
Not sure I follow your argument. Why is "shorting the stock itself" for
"folks who think the price won't fall". I thought it is just the opposite?

Also, the "covered put" situation (short the stock and short a put) is no
more risky than the "covered call" situation, except for the following
two points:

1) stocks in general tend to rise rather than fall.
2) a stock can only fall to zero but can go up forever.

Consider a covered call position: long the stock at $40 and sell the $45 call
Consider a covered put position:  short the stock at $40 and sell the $35 put

A rise in the stock of say $10 for the long position has exactly the same
effect as a drop in $10 has on the short position.  Same result applies to
moves in the opposite direction. So why is the "covered put" the
"highest of risks" while the covered call is "the lowest risk"?


*********************************************************************
Eric Peterson                  The sooner you fall behind,
Research Geophysicist          the more time you'll have to catch up!
(214) 951-3251
etpeters@dal.mobil.com
*********************************************************************
Newsgroups: misc.invest
From: msingh@silver.ucs.indiana.edu (The Supreme Commander)
Subject: Re: Dreyfus Funds
Organization: Indiana University
Distribution: usa
Date: Fri, 22 Jan 1993 20:14:00 GMT

In article <1993Jan21.162500.10551@porthos.cc.bellcore.com> tony2@prefect.cc.bellcore.com (gozdz,antoni s) writes:
>significant loss for a fund held for 4 months, although
>its decline since 12/21/92 (-5.72%) may cause some concern.
>It's also true that the SP-500 has gained 1.90% in the same period
>(9/14/92 - 1/20/93), but over time, the fund performs
>better than this index (total ret. 75% since 1/1/89 vs.
>56 % (SP not adjusted for dividends)). In fact, it is
>very similar to Vanguard's Index Trust-500.
>
>In a word, you may be worrying too much.

You are no doubt correct. And I am most certainly the first time
invester who has jitters. However, It simply seemed to me that since
all the other funds marked as "Agressive" were performing better, it
would be better to cut my losses now.



				...Manu
-- 
---------------------------------------------------------------------
The Supreme Commander wishes you a Supreme day. 
I'm a Magic Man, oooh, I got the magic hands, yeah...
Don't mind me, I'm just attempting to dock.
From: mwp@ms9.mis.semi.harris.com (Mark W. Poole)
Newsgroups: misc.invest
Subject: Stock Management Application???
Date: 22 Jan 93 16:25:14 GMT
Reply-To: mwp@ms9.mis.semi.harris.com
Organization: Harris Semiconductor
X-Newsreader: TIN [version 1.1 PL6]


What portfolio management software exists, that can be run
on Unix?  Before I develop my own INGRES-based version I
thought I'd check with the world to see whats already out
there.  Basically i want to:

1) Log transactions, allowing for splits and partial selling
   of stocks(i.e. sell 100 of the 200 shares I purchased in
   an earlier transaction).

2) Perform portfolio valuation analyses.

3) Display trend data based upon manually entered quotes.

4) Gain/Loss reports for a given start-date and end-date.
 

thanks,

Mark.  
Newsgroups: misc.invest
From: jhsu@dcl-nxt51.cso.uiuc.edu (Jason Hsu)
Subject: Re: Bond funds
Organization: University of Illinois at Urbana
Distribution: usa
Date: Sun, 24 Jan 1993 23:05:53 GMT

In article <1993Jan23.223709.6354@cbnews.cb.att.com> ask@cbnews.cb.att.com  
(Arthur S. Kamlet) writes:
 
> However, another one of the first rules is to go with the flow -- go
> with what's hot  (just get our when it starts getting stale.)
> 
But how do you know when it starts to go stale?  Can you get out in time?   
Can you be objective and not get caught up in the frenzy yourself?
From: clong@remus.rutgers.edu (Chris Long)
Newsgroups: misc.invest
Subject: Re: Act Now to Fight the Deficit
Date: 26 Jan 93 16:30:49 GMT
Distribution: usa
Organization: Rutgers Univ., New Brunswick, N.J.

In article <1993Jan25.193802.11812@adobe.com>, Gordon Hamachi writes:

> by Harry Figgie, and it scares the hell out of me.  According to
> Figgie, the most likely results of inaction on the deficit are:

>        A catastrophic market panic
> 	   Hyperinflation
> 	   20% of American jobs gone
> 	   Social Security payments cut or eliminated

If Figgie didn't say something like this, he wouldn't sell any books,
would he?
-- 
Chris Long, 265 Old York Rd., Bridgewater, NJ 08807-2618

Score: 0, Diff: 1, clong killed by a Harvard Math Team on  1
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Covered Calls:  Less Risk - High Returns.
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Mon, 25 Jan 1993 14:41:37 GMT

In article <1993Jan23.033209.12987@vela.acs.oakland.edu>, temiraso@vela.acs.oakland.edu (thomas e mirasol) writes:
|> In article <1993Jan21.213932.28063@mobil.com> etpeters@dal.mobil.com (E. T. Peterson(Eric)) writes:
|> >When you sell a stock short, you could also sell a put on that stock.
|> >This is analogous to covered call writing on a long position.
|> >
|> >For example, you short a stock at $40 and sell a 35 put at $2.
|> >
|> >At the expiration date of the put, if the stock is below $35, you will
|> >have to buy it for $35, thus covering your short position.
|> >
|> >If the stock is above $35, the put expires worthless.
|> >
|> >In either case you keep the $2 put premium.
|> >
|> >The drawback is if the stock goes way down, say to $20, you still have to
|> >buy it at $35.
|> 
|> Why wait till expiration?  If the stock is on a downward path, why not
|> buy a put earlier to limit your losses?  For example, if the stock price
|> is already at $30 and you feel it is going to drop further, why not buy
|> a $30 put to stop the bleeding.

I think you missed something here.
The above discussion was about SHORTING a stock and SELLING a put.  In this case
you WANT the stock to go down.  No need to "limit your losses" if the stock is
on a "downward path"!

*********************************************************************
Eric Peterson                  The sooner you fall behind,
Research Geophysicist          the more time you'll have to catch up!
(214) 951-3251
etpeters@dal.mobil.com
*********************************************************************
Newsgroups: misc.invest
From: tcbd@cbnews.cb.att.com (tom.c.b.davison)
Subject: Re: IDEA
Organization: AT&T
Distribution: usa
Date: Tue, 26 Jan 1993 19:43:44 GMT

In article <28361@sybase.sybase.com>, coop@sybase.com (John Cooper) writes:
> In article <1426500336@igc.apc.org> mcaldon@igc.apc.org (McAldon International Inc.) writes:
> >
> >Lots of folks are complaining, with good reason, about the need to 
> >pay annual capital-gains taxes on mutual-fund distributions in taxable
> >accounts.  How about using Berkshire-Hathaway (BRK-NYSE) in lieu of
> >a fund?  Your manager will be the renowned Warren Buffet; the stock
> >keeps hitting new highs and never makes any distributions.  Only
> >inconvenience is it will cost about $12,000 a pop.
> 
> 
> Do BRK shares trade easily in odd lots -- specifically, is it worthwhile to
> buy a single share?  Since commissions tend to be tied to dollar volume rather
> than number of shares, the only prohibition to buying one share of BRK would
> seem to be finding a buyer later on.
> 
Not a problem with BRK, as you might suspect for a stock with a price over
10,000.  My only regret personally is that I didn't buy two so I could sell one
when I doubled my money.

Also, not all mutual funds have high turnover, so then don't have such
high capital gains payouts.  The "popular" growth funds, probably 
especially the small cap ones, probably have higher turnover
than some other categories, as a rule of thumb.
Some ranking services take cap. gains distributions into
account, figuring out after tax rates of return.  A fund category which
traditionally has low turnover is index funds.
Newsgroups: misc.invest
From: bbs.dennis@gilligan.tsoft.net (Dennis Yelle)
Subject: Re: Olde Discount Brokers?
Organization: The TSoft BBS and Public Access Unix, +1 415 969 8238
Date: Sat, 23 Jan 1993 21:03:21 GMT

sartin@88open.ORG (Rob Sartin) writes:

> In article <19JAN199312173909@csa2.lbl.gov> schindler@csa2.lbl.gov (AARON SCH
> >If you want to transfer a portion of your holdings to a different brokerage 
> >firm, just ask for delivery of those equities (if you haven't already) and 
> >then when you want to sell them, send them in to the new brokerage firm. 
> 
> Even better.  Have the new firm initiate an electronic transfer.
> Much less hassle.  No securities to handle.  No phone calls to your
> old broker.
> 
> Rob

Have you done this recently?  Did it work properly?
How long did it take?  Were there any problems?
Would one be allowed to enter a SELL order the same day
as ordering the transfer?
 
I ask these questions because about 10 years ago, I transferred
an account from one broker to another, and it seemed to take forever.
One of the problems was that the account had a short put position,
with cash to back it, and the old broker transferred the cash to the
new broker and then called both the new broker and me to complain that
the account had generated a margin call.  I told him, "of course it did,
after YOU transferred out the cash without transferring out the short put
position."

I HOPE that the system has been improved sometime during these past
10 years, but I have no evidence that it has been.

--
Dennis Yelle (bbs.dennis@gilligan.tsoft.net)
From: James_Conley@NeXT.COM
Newsgroups: misc.invest
Subject: Re: YOUR stock picks
Date: 26 Jan 93 12:15:17 GMT
Reply-To: James_Conley@NeXT.COM

NYSE:

Alcatel			...	ALA
American Barricks	...	ABX
Medtronics		...	MDT
Winn-Dixie		...	WIN

NASDAQ:

Amer. Power Conv.	...	APCC
Cisco Systems		...	CSCO
Compression Labs	...	CLIX
Dell Computer		...	DELL
Network General		...	NETG

Not exactly obscure stocks, I admit, but you asked.  So far all of them are  
above their purchase price except for ALA and ABX.  I'm likely to dump ALA and  
pick up some Seagate since I'm nervous about the franc.  ABX I'll keep because  
it's my doomsday stock and it is earning a lot of money, if not raising its  
stock price.

Don't tell me about diversification... I know... I know... someday I'll be  
sorry.

Mike
Newsgroups: misc.invest
From: kasel@bscsun10.NoSubdomain.NoDomain (Leo Kasel)
Subject: Re: how good is investor business daily ?
Organization: SPS
Date: Thu, 28 Jan 1993 22:51:56 GMT

In article <1993Jan25.154243.63176@cc.usu.edu>, fajack@cc.usu.edu writes:
|> 	Anyone out there subscribe to the Investor Business Daily ?  How is it
|> compare to the Wall Street Journal ?  
|> 	I have access to the Wall Street Journal, and thinking maybe one
|> additional source of information may help.
|> 
|> 	Any information is appreciated.  
|> 
|> Jack Teh
|> 

The following things give it high rating in my book:
-The daily stock leaders in volume change for each exchange
-The relative earnings per share rating of each stock

It also has a relative strength index which is a late indicator.
It has very few news articles, a minus!

It will give you many stock possibilities.  Just one example was
MAMS (hold now).
From: fritz@fc.sde.hp.com (Gary Fritz)
Newsgroups: misc.invest
Subject: Re: Banner Fund International
Date: 27 Jan 93 21:23:50 GMT
Organization: HP SESD, Fort Collins, CO
NNTP-Posting-Host: hpfcgf.sde.hp.com
X-Newsreader: TIN [version 1.1.4 PL6]

Jeffrey Mincy (mincy@think.com) wrote:
: I hope you aren't seriously expecting 20% return per month.   20% per
: month means that your money goes up by a factor of 9 each year.
: The best mutual fund returns for 92 were in the 30-50% range.  

I'm fully aware of that.  This wasn't a mutual fund.  This was a
somewhat shady-sounding "offshore trust".  As such I consider it
extremely risky, and expect a superb return in exchange.

They actually talk about 300% or so return annually, but use
15% per MONTH in their sample projections.

Gary
From: lgough@hpfcso.FC.HP.COM (Linda Gough)
Date: Thu, 21 Jan 1993 00:02:09 GMT
Subject: IRA broker Needed
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

Can anyone recommend a discount broker that doesn't charge a fee for
managing an IRA?

Thanks
From: steven@dollar.wr.tek.com (Steve Nesland)
Newsgroups: misc.invest
Subject: Historical stock FAQ info
Summary: Looking for additional info for historical stock prices
Keywords: history
Date: 28 Jan 93 17:51:40 GMT
X-Newsreader: TIN [version 1.1 PL6]


The FAQ lists several sources of historical stock info.  I have updates
for several entries and questions about a couple of others:

Prodigy	- US$14.95/month for basic service + US$14.95/month special
	service required to download historical data.  This is a flat
	fee with no extra download costs.  1-800-776-3449

Compuserve - don't know monthly rate.  Historical quotes cost US$0.05
	each (don't know exactly what is in a "quote") plus an hourly
	connect charge (US$12.80 for the first hour, then prorated
	somehow -- cost varies by baud rate).  This is much too 
	expensive for the amount of data I need.  
	General info number:  1-800-848-8990, sales: 1-800-848-8199

Genie - Does anyone have a phone number for this?

Farpoint - Has anyone used this service?  Does anyone have the phone
	number for this?

Historical Data Services - The 800 number listed in the FAQ has been
	disconnected.  800 and general directory assistance have no
	listing for this company.  Does anyone know anything more
	about this company?

Dow Jones News Retrieval - Does anyone have a phone number for this?
	With a US$25/month flat fee (after hours access only), this
	seems like the most economical source of historical data.
	The FAQ also implied some sort of internet access.  Does
	anyone know details of how this works?

Value Line - Does anyone have a phone number for this?


Has anyone had experience with any of these services (or any others),
downloading large amounts of historical data?  Thanks in advance.

Steve Nesland
steven@wrgate.wr.tek.com
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: Covered Calls: Less Risk - High Returns.
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Distribution: usa
Date: Fri, 22 Jan 1993 03:31:01 GMT

dbk@pslu1.psl.wisc.edu (Don Katz) writes:

>Given that stock price returns, over the long haul, are biased
>upwards, I would argue that selling calls is a poor strategy.

Ah, but if OUR stock returns, over the long haul, 
are biased downwards, then it could be a very GOOD strategy :)

-Larry Watanabe watanabe@cs.uiuc.edu
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 21 Jan 93 18:41:25 CST
Organization: Garys' Home for Obsolete Computers

beberness@newton.jsc.nasa.gov (Benjamin Beberness) writes:

> Hello,
> 
> I was recently married at the end of '92 and found out that my wife and I are
> going to have to pay a large amount in TAXES.  My company allows us to 
> determine our 401K contribution once a year.  I would like to contribute more
> to my 401K then I originally decided upon.  Is this legal?  I have been told 

Yes, it's legal. The IRS doesn't care how often you change your amount
of contributions, as long as it stays within the limits ($9K this year,
I think).

> by different sources that you can change your contribution any time and that 
> you can only modify this once a year.

That depends on how your companys' plan is written. I can change mine
monthly, if I wish.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: yozzo@watson.ibm.com (Ralph Yozzo)
Subject: Public Disclosures and the SEC
Date: Mon, 25 Jan 1993 17:44:41 GMT
Disclaimer: This posting represents the poster's views, not necessarily those of IBM
Organization: IBM T.J. Watson Research Center

I am reading "The Den of Thieves" by James B. Stewart.  It is
an interesting book about the insider trading scandals of the 
Reagan Era (or is that Error :-) ).

The book refers to public disclosure requirements for persons
acquiring more than a 5% stake in a company.  

How does one get access to this information?  Is it published
in the Wall Street Journal?

-- 
 Ralph Yozzo (yozzo@watson.ibm.com)  
 From the beautiful and historic New York State Mid-Hudson Valley.