HDTenEightyP/NetNews huggingface dataset:
From: tony2@prefect.uucp (21131-gozdz)
Subject: Re: Wall Street Week recommendations
Organization: Bellcore, Livingston, NJ
Date: Tue, 18 Aug 92 21:08:09 GMT

In article <federkin.714147965@guppie19> federkin@rtsg.mot.com (John Federkins) writes:
>tony2@prefect.uucp (21131-gozdz) writes:
>>We measured the price performance of the 200 recommendations over several 
>>periods, adjusting for the general market trend over the same period. [...]
>>					Excess performance of
>>					recommended stocks
>>second week before show		        +0.4%
>>week before show				+0.8%
>>day after show					+2.1%
>>remaining 4 days of week after show		-0.3%
>>second week after show				+0.4%
>>next six weeks after show			-3.2%
>
>>[...] The overall conclusion, however, is that if want to make money 
>>on Wall Street Week recommendations, you can't do it by watching the 
>>show - you'll have to locate a _forthcoming_ guest and find out what 
>>he plans to recommend when he appears.
>
>There are always ways to make money if you have a "predictable"
>stock performance.  In the example above, simply short sell the
>stock after the 2nd week and buy it back after six more weeks.
>Depending on your volume and commissions, you'll net about 3% in
>six weeks (about 26% annual) -- pretty good.  And if you want a higher
>return, buy puts after the 2nd week.
>
>By the way, do you have any info in the > 6 weeks range?
>
>Thanks,
>JF
>-- 
>------------------------------------------------------------------------
>   "The sooner you fall behind, the more time you have to catch up!"
>John Federkins				Cellular Infrastructure Division
>Motorola, Inc.				Arlington Heights, IL

Except for the first paragraph, my original posting is
a quote from the Special Report published by The Institute
of Econometric Research (I thought I included some
editing marks [...] that I hoped would make it clear).
Their analysis did not extend beyond the 6-week period
following the original broadcast.
The conclusions are also theirs; don't blame me ;-).

Tony

-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*
Antoni S. Gozdz                tel  (908) 758-2931  |  Bellcore  NVC 3X-261
tony2@prefect.cc.bellcore.com  FAX  (908) 741-2891  |  Red Bank, NJ 07701, USA
-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*-*
Newsgroups: misc.invest
From: s442006@nexus.yorku.ca (Vahe Ohan)
Subject: Re: A few Options Questions
Organization: York University
Distribution: usa
Date: Sat, 15 Aug 1992 00:54:18 GMT

 I have another question regarding options on stocks :
  - How do you calculate the primium which you are going to pay get 1 option 
    contract. (i.e: If XYZ stock was trading at $28 and Sep Call is 
    trading @ 0.60 Cents/contract. How much do I have to pay to get this
    call contract ?????

   Thanks....
   Vahe
Newsgroups: misc.invest
Subject: Re: is it time to invest in Japan?
From: cctr114@csc.canterbury.ac.nz
Date: 21 Aug 92 09:52:07 +1200
Organization: University of Canterbury, Christchurch, New Zealand

In article <1992Aug20.94815.22238@ms.uky.edu>, cyeomans@ms.uky.edu (Charles Yeomans) writes:

> This is interesting.  As everyone has heard by now, Sir John has sold
> (or is selling) out to Franklin Resources.  I wonder if he 
> believes he is selling out at or near the top.  I can't
> imagine he would sell if he thought things were going to keep
> going up.

Sir John is 79 years old according to the newpaper. From what I read I
understand he is selling primarily because of his age.
 
> Charles Yeomans
-- 
                                                                      ___
Bill Rea                                                             (o o)
--------------------------------------------------------------------w--U--w---
| Bill Rea, Computer Services Centre| E-Mail       b.rea@csc.canterbury.ac.nz |
| University of Canterbury          | or         cctr114@csc.canterbury.ac.nz |
| Christchurch, New Zealand         | Phone +64 3 364-2331 Fax +64 3 364-2332 |
------------------------------------------------------------------------------
From: mccabe@gdls.UUCP (Harold McCabe)
Newsgroups: misc.invest
Subject: Re: Gold bugs and bugettes(?)
Summary: counterfeit coins
Date: 12 Aug 92 16:28:51 GMT
Organization: General Dynamics Land Systems, Sterling Heights, MI

In article <1992Aug10.153128.13417@odi.com>, ed@odi.com (Ed Schwalenberg) writes:
> In article <1992Aug5.140531.21234@awdprime.austin.ibm.com> root@sickbay.austin.ibm.com writes:
>    A year ago or so I was talking with someone in Chicago who has been around a 
>    lot, (he was a retired con-man) you see...
>    He told me that some of the gold coins were/are "fixed". What he was refering 
>    to is a process that scoopes the gold from a laser disected krugerrand 
>    (or any other coin) for that matter, and re-filled up with non-precious metal. 
>    ...
>    Just a food for thought, why is an asseyor(sp?) stamps the bars and ignots ?
>    Of course it would be, for a crook more economical to "fix" a kilo gold than
>    a mere ounce.
> 
> A coin has a fixed diameter, thickness, and elaborate surface markings to make it
> difficult to perform this kind of "fixing".  Bars and ingots do not, hence the
> historical requirement of assay.
> 
> Whether lasers and other miracles of modern technology have made this kind of
> fraud sufficiently easy as to be profitible, I don't know.

Several years ago there was a product called a Fish(sp?) tester, which was
a little plastic tool.  They were specific to a particular coin, e.g. you
could buy one that would test American gold Eagles 1/2 oz coins.  There was
a slot through which you would pass the coin (to check thickness).
There was an indentation into which you would place the coin (to check
diameter).  And the entire thing was a little balance, also.  You would put
the coin on it, put it on a hard surface and see if it balanced.  The tool
was based on the assumption that gold is fairly dense, and that metals as
dense or denser would be nearly as expensive (or more) to obtain and form
into a coin.  To be of equal weight, then, the coin would have to be larger.
The tester was intended to check this.  Or, to have the same dimensions as
the real coin, the coin would be light.  Also, in counterfeiting coins,
if it is a US coin the countefeiter runs the risk of getting the Federal
government after him (is it the Secret Service that checks into these?)  So,
maybe the bars and ingots are more susceptible to counterfeiting.

Harold McCabe
Newsgroups: misc.invest
From: joe@montebello.soest.hawaii.edu (Joe Dellinger)
Subject: Re: is it time to invest in Japan?
Reply-To: joe@montebello.soest.hawaii.edu
Organization: School of Ocean and Earth Science Technology
Date: Sat, 22 Aug 1992 07:18:56 GMT

In article <1992Aug20.153004.6688@newstand.syr.edu>, szhu@rodan.acs.syr.edu (Shane Zhu) writes:
|> Now that so many experts as well as media all have been predicting further
|> downwardness of Japanese market, it might be ABOUT the time to get in.

	My feeling is its time to START getting in. A bit at a time.
It is true that the American Dollar could go up, and Japan could go further
down... BUT:

	1) With the US budget deficit as big as it is, if the dollar does
	   go way up, it isn't going to stay way up indefinitely! At this
	   point we're going to have to inflate away our budget deficit,
	   and the US dollar may no longer be the pre-eminent world currency
	   in another decade.

	2) The Japanese financial system is sick, true, but the underlying
	   industries are not _nearly_ so sick. And Japan is in a good
	   position to latch onto places like China that could go way, way up.

	I'm not going to invest everything in Japan, but maybe 25% or so
wouldn't be amiss. And I can't help but think that the next few months
may be the best opportunity to do it for a while.

	So... How easy is it for an American to buy individual Japanese
stocks? I see some are traded on the NYSE, like Sony. Where could I find a
list of Japanese stocks traded on American exchanges? Is there such a thing
as a Nikkei or Topix index fund?

PS: My feeling is that the other good thing to buy right now is US Airlines,
    but only ones that aren't in Chapter 11!

     /\    /\    /\/\/\/\/\/\/\.-.-.-.-.......___________
    /  \  /  \  /Hawaii Institute of Geophysics, Honolulu\/\/\.-.-....__
___/    \/    \/Joe Dellinger, Internet: joe@montebello.soest.hawaii.edu\/\.-.__
____________________________________________________
Objectivity is not an unobtainable emptying of mind |
but a willingness to abandon a set of preferences   |----> Stephen J. Gould
when the world seems to work in a contrary way.     |
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Synthetic Interest-Rate Swaps?
Date: 19 Aug 92 19:32:45 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Aug19.043715.13729@Arco.COM>, dprlcm@inetg1.ARCO.COM (Larry Morley) writes:
|>... 
|> What about the commodity futures/options/derivatives 
|> markets? Is there any way that I, as an individual,
|> can create what might reasonably be termed a 
|> "synthetic interest-rate swap" and have a pure play
|> in this investment concept?   
|>...   

The basic idea behind a synthetic "interest rate swap" is 
very simple: borrow short term (where interest rates
are currently low, less than 4%) and lend long term (with 
interest rates relatively high, above 8%).
You pocket the difference -the 4 to 5% gap between short term
and long term rates- as a pure profit.

An individual investor can easily create a "synthetic swap". 
For example, sell or short a short-term-interest rate
futures contract, and buy a long-term one.
Another possibility is to sell or short short-term-maturity 
bonds, and buy medium or long term-maturity bonds.

Note that this is not a riskless operation. 
Interest rates may and will change, and if the difference between 
short term and long term rates closes (ie. if the yield curve 
flattens), you may find yourself in deep financial yogurt!!

Remember the SL debacle. Part of the problem was caused by the fact
that SL's were making fixed long term loans (mortgages) and borrowing 
short term CD's to finance those mortgages.  And when short term 
interest rates went up in the 80's, the bleeding started. 

-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................
Newsgroups: misc.invest
From: mramesh@cbnewse.cb.att.com (m.ramesh)
Subject: Data Services
Organization: AT&T
Distribution: na
Date: Thu, 13 Aug 1992 14:40:33 GMT
Keywords: stock,data,analysis

Can someone tell me about the following data servies - any good/bad
experiences, usefulness, cost, timeliness etc.

Compuserv
DJ News Retrieval
Telescan
Market scan

Basically I am looking for a good data service which will let me screen out
stocks, mutual funds based on fundamental as well as technical criteria.
It hsould also let me down load industry group data and other market
indicators such as A/D line, etc.

Most importantly is ther any data service which provides insider trading
information?

Thanks in advance.

Ramesh
From: jdavidso@teknowledge.com (Jim Davidson)
Newsgroups: misc.invest
Subject: Re: Buying down....
Date: 20 Aug 92 19:03:05 GMT
Organization: Cimflex Teknowledge Corporation, Knowledge Systems Division
In-reply-to: mcaldon@igc.apc.org's message of 15 Aug 92 20:53:00 GMT

In article <1426500244@igc.apc.org> mcaldon@igc.apc.org (McAldon International Inc.) writes:

> |You should either get a tax advisor, or read the IRS Pub on selling your
> |house.  When you compute the gain you made on your house, you get to
> |subtract out the cost of selling the house (agent's commission, points you
> |paid for the buyer, etc).  You also effectively get to subtract out
> |*improvements* that you made to your home.  Things like finishing the
> |basement or adding a deck count as improvements, but replacing carpeting
> |or putting on a new roof don't.  I'm not a tax man,
> |Duane Jacobson
> 
> Correction!  "Fix-up" expenses such as a new roof, painting, even 
> papering walls and carpeting, ARE deductible (includible in cost basis)
> provided they are completed no more than 90 days prior to sale. DMcKenzie

Sigh.  Once again the ignorance of the net comes through.  The above
information is wrong.  This subject comes up regularly.

Fix-up expenses are *never* deductible.  Under certain circumstances, they
enable you to *defer* taxes (not deduct -- note the difference).  I.e., you
can reduce the amount of the gain that is taxable *in the current year*.  The
tax *will* ultimately be paid.

If you are buying a more expensive house, this is irrelevant, because you
will defer all taxes anyway.  

This information comes from the IRS Pub on selling your home, referenced
in the first message.

Note that "improvements" are genuine deductions, because they do get 
added into the cost basis.  The difference between improvements and fix-ups
is reasonably well-defined, but there are some grey areas.

-Jim
From: un026217@wvnvms.wvnet.edu
Newsgroups: misc.invest
Subject: Arbitrage
Date: 20 Aug 92 14:47:00 GMT
Organization: West Virginia Network for Educational Telecomputing

Hi, netters:

I have read about arbitrage. I understand it is only
for big money. How big chunk of cash is needed to do
it? Is it realistic for a individual investor to do
arbitrage on options, warrents, perfered stocks etc.
(excluding high risk ones such as "take over")?

	Thanks in advance, Bo Wang
Newsgroups: misc.invest
From: vilok@bmerh322.bnr.ca (Vilok Kusumakar)
Subject: data for Toronto Stock Exchange
Reply-To: vilok@bnr.ca
Organization: Bell-Northern Research, Ottawa, Canada
Distribution: na
Date: Thu, 13 Aug 92 02:33:21 GMT

This has been asked so many times on the net but I have never seen
a proper summary of the replies. So here I go again....

Is there an electronic way to dump historical data for TSE companies ?
I am interested in last 6-8 weeks highs/lows and closing values.
I remember a mention of Bulletin Board system (BBS's) from where one
can get this information for a reasonable price.

Thanks in advance,

---------------
Vilok Kusumakar                    OSI Protocols for tomorrow......
vilok@bnr.ca                       Bell-Northern Research, Ltd.
Phone: (613) 763-2273              P.O. Box 3511, Station C 
Fax:   (613) 765-4777              Ottawa, Ontario, K1Y 4H7
From: jackson@bluemoon.rn.com (jack cole)
Newsgroups: misc.invest
Subject: Re: How do I get rid of broker????
Date: 14 Aug 92 21:30:10 GMT
Organization: Blue Moon BBS ((614) 868-998[024])

> Another guy told him that he was only a student and the broker immediately
> hung up on him
> (I don't think he will believe me and go away if I use this excuse now
> though).  I am just 
> wondering if there is some kind of regulatory agency I can report this guy
> to?  Is he actually
> breaking any rules in calling me over and over?  He called today and let my
> phone ring 5 minutes
> after I hung up on him.
> 
> _______________
> Jeff Eastman
> jaeastman@anl.gov
> _______________

I was bothered by an outfit selling silver futures.  I talked mostly 
daily with him probably because I thought I might learn something.
He finally got pissed at me and told me I was wasting his time and hung
up on me.

String him along and ask him to research some stocks for you.  As him   
for performance data to send to you.  After doing that a number of times,
he'll get tired of licking stamps.  Start with a information and 
performance request for FIRST NATIONAL BANK of MERCER COUNTY .  Its a 
PA bank that is seldom traded and although listed as FBAN is difficult
to get information on.
          I own some!



Jackson
From: scott@phylo.life.uiuc.edu (Scott Howard)
Newsgroups: misc.invest
Subject: Re: Twentieth Century investment
Date: 19 Aug 92 13:17:52 GMT
Article-I.D.: phylo.scott.714230272
Organization: University of Illinois at Urbana

They're prompt, helpful, and have relatively low fees.
Their top performing funds are currently vulnerable to any downturn
in the Stock Market. Ultra, Vista, and Growth have been solid long-term
winners, but be prepared to take a major hit in the next three years.

My opinions, not facts.
Newsgroups: misc.invest
From: xcpslf@decsrv.NoSubdomain.NoDomain (stephen l favor)
Subject: Re: Annual Reports : how to get?
Reply-To: xcpslf@decsrv.oryx.com
Organization: Oryx Energy Co., Dallas, Texas.
Distribution: usa
Date: Tue, 11 Aug 1992 20:45:50 GMT

In article <1992Aug11.180935.13659@colorado.edu>, salim@tigger.cs.Colorado.EDU (Salim Alam) writes:
|> What is the easiest way to get annual reports from a publicly
|> traded company (short of buying the stock) ? 

Your address is a university.  Most major universities carry a wide selection
of annual reports if they have any kind of a business school.  Check your
library.
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: Re: Phar-Mor
Date: 21 Aug 92 08:00:25 GMT
Article-I.D.: andrew.EeZFANO00VI=I1WUZo
	<1992Aug21.052418.2821@usenet.ins.cwru.edu>
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA

Closely held means that the stock is not available to the general
public; however, at least one mutual fund company, Stein Roe, did own
stock in their portfolios so their net assest value was affected.
Newsgroups: misc.invest
Subject: Re: Question on Selling Short
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 13 Aug 92 12:16:27 CDT
Organization: Garys' Home for Obsolete Computers

bobk@gibdo.engr.washington.edu (Bob) writes:

> 
>   What happens when you short sell a stock and the company goes bankrupt?

Typically, the stock price drops like a rock, and you cover your 
short easily and at a significant profit.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: calinski@calspan.com (Peter Calinski)
Subject: Re: Companies trading near book value
Organization: Calspan Advanced Technology Center
Distribution: usa
Date: Thu, 20 Aug 1992 16:55:02 GMT

In <1533@hsvaic.boeing.com> eder@hsvaic.boeing.com (Dani Eder) writes:

>>In article <l8l3u2INNpnm@exodus.Eng.Sun.COM> leons@hiroller.Eng.Sun.COM () writes:
>>>Is it possible (or even normal) for a company to trade below the
>>>book value?  It seems to me that the answer is no, since in this
>>>case it will be profitable for someone with lots of money to buy
>>>the company and just sell its assets.
>>>
>An even more telling price mark is a stock selling below net
>current assets.  

>Net current assets = current assets - all debt

>Since current assets are things like cash on hand and inventory,
>and exclude stuff like capital assets, if you buy a company
>at such a price, you merely have to sell off current production
>to equal the share price.  Anthing you get from the plant and
>equipment in a breakup sale is gravy.  Of course it is always
>possible that the company is on a terminal spiral to bankruptcy,
>but you have to take such chances to invest.

I remember a situtation like this a few years ago.  A broker recomended a stock
to me.  His big pitch was that the company had great assets.  I looked into it
by getting the last two annual reports.  It didn't take long to see what was 
happening; the assets were going up because sales were going down and inventory
was going up.  In fact, excluding inventory, assets were going down. My 
conclusion was that the company was pricing there product too high.  This made
the product unsellable.  If they priced it lower so they could sell it, the
inventory component of the assets would have collapsed.  In this case if 
someone bought them and tryed to sell off  the assets to recover the cost, they
were in for a rude awakening.

This example was one of the reasons I'll never trust a broker.  If a novice
like myself could see this and the "pro" couldn't, what do I need the "pro"
for?

Pete
From: darryl@cs.yorku.ca (Darryl Gamble)
Newsgroups: misc.invest
Subject: Re: Is Financial Planning worth paying for?
Date: 13 Aug 92 15:06:11 GMT
Article-I.D.: yetti.1396
Distribution: world
Organization: York University, Dept. of Comp. Sci. - Toronto

In article <1992Aug13.024928.26124@pony.Ingres.COM>, rion@Ingres.COM (Rion Cassidy (x3357) OGT) writes:
|> 
|> My experience with financial advisors is that they are biased towards
|> investments where they get a percentage of the return.  For instance, 
|> when I look into mutual funds they have always preferred the loaded ones
|> because they get a commision from the load.  If you were to choose a 
|> no-load fund they would get nothing and have to charge you by the hour.
|> They hate this though.  The last guy I went to said he would work on 
|> an hourly basis; my hope was that way he would be giving me the best
|> advise regardless of load vs. none.  But he kept saying "I can't make any
|> money that way..."
|> 
|> When I look at the advice that these guys have given me, I find that I 
|> could have gotten just as good or better advice from some of the better
|> magazines on investment.  Check out Kiplingers, Money, etc. At least that
|> way you'll some idea if the guy is competent or not talk to him.

I have invested a very small amount of money with a no-load fund directly
through the company.

In the recent simplified prospectus from them they say:
For a dealer that sells between 0.5 and 5 million, they get a fee of
.15 to .25 % depending on which type (higher risk. more fee).
On the balance OVER $5 million, paid between .25 and .70 %.

So the moral of my little story is...just because they are no-load funds
doesn't mean your dealer gets no compensation.

Darryl Gamble
From: Wayne.Briggs@p0.f5109.n124.z1.fidonet.org (Wayne Briggs)
Newsgroups: misc.handicap
Subject: Re: Myoelectric Arm Exchange
Date: 12 Aug 92 18:58:38 GMT
Reply-To: Wayne.Briggs@p0.f5109.n124.z1.fidonet.org
Organization: FidoNet node 1:124/5109.0 - National Amputee Co, Dallas TX
X-Fidonet: Amputee Conference

Index Number: 23701

[This is from the Amputee Conference]

Thanks for your message.
I'm trying to find a creative way that  can get one.
My original injury was as a social worker with a non-profit agency in
Viet-Nam that no longer exists and  I unwisely as a 27 year old marrried
guy signed away any claim to future medical treatment as my past medical
billls were equal to about 30+% of my income. The insurance I had when I
was attacked by a dog when on a dirt bike 8-12-90 was cancelled
12-31-90.During 1990, Texas had a law in effect that the owner has NO
liability the first time an attack dog attacks a person! Fortunately for
others, this bad law law has been changed & owners of attack & large
dogs no longer "get the first bite free." I've been OK since 4-91 with a
flail arm that has shoulder joint & muscles & upper third of humerus
removed. My daughert started college this summmer and as long as I have
a spare arm that works I prefer to invest the next eight years in
college for both Julie & Matt rather than a body powered shoulder
disarticulation prosthesis. However, I've talked with atwo people with
shoulder disarticulation who are glad to have myoelectric with Micha
shoulder as they get a satisfying amount of real function. I'll do OK &
am not worried about not having one. Hwever, if there is a way I can
without taking money from my family (the swelling, pain & RSD have
prevented me wrking much since 8-12-90. For a while I was able to work a
few hours a day, than it dropped  to 1-2 hours a day, 0 hours July, 5
hours this week, etc.); I would like to have one. I'm going to try
writing member of congress & the guys who want to live in the White
House about changing MEDICARE regulations so that myoelectric are
considered by MEDICARE to be COVERED & MEDICALLY NECESSARY for folks
with shoulder disarticulation.If that would happen, then it would be
precedent for  folks with AE amputation also. Thanks for your messages.

--
Uucp: ..!uunet!bunker!hcap!hnews!124!5109.0!Wayne.Briggs
Internet: Wayne.Briggs@p0.f5109.n124.z1.fidonet.org