HDTenEightyP/NetNews huggingface dataset:
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Newsgroups: misc.invest
Subject: Re: Info on Selling non-public stock
Date: 14 Sep 92 23:16:01 GMT
Distribution: usa
Organization: AT&T Bell Laboratories,  Columbus, Ohio

In article <1992Sep14.125207.5211@engage.pko.dec.com> sullivan@brandx.enet.dec.com () writes:
>What if there is a restriction that states that the stock owner can only sell
>it back to the company, and the company won't buy it back?  Can one then
>declare
>the stock worthless and take a capital loss on his/her tax return?  

This sounds similar enough toi a recent court ruling allowing
limited partners to walk away from limited partnerships.

As in most cases, I would assume the law is on my side, and write it
off as worthless.


==========


Reminder:  Estimated tax payments due September 15.

-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: wouk@alumni.cs.colorado.edu (Arthur Wouk)
Newsgroups: misc.invest
Subject: Re: Question about more generous IRAs.
Date: 10 Sep 92 23:08:13 GMT
Organization: University of Colorado, Boulder

In article <BuDotI.JAv@taligent.com> cep@taligent.com (Christophe Pettus) writes:
>In article <lav8ahINN3vt@exodus.Eng.Sun.COM> tut@cairo.Eng.Sun.COM (Bill "Bill" Tuthill) writes:
>>This leads to Hough's law, with corollaries:
>>
>>  o  Never take a loss in the current year for a future tax benefit.
>>     Future tax benefits usually disappear.
>>
>>  o  Tax law is not a contract, it is the whim of Congress.  Do not
>>     risk money long-term (e.g. in an IRA) without current benefit
>>     (deductibility this year).
>
>Fortunately, 401(k)s pass this test, at least for now.  Since 401(k)
>contributions and earnings are fully deductible, as is any employer
>match, you are in fact accruing benefits immediately.  While it is
>likely that the Congress will continue tinkering with the laws, it is
>unlikely that they will find a way to make you regret you put the money
>in there in the first place.


you have missed one of the subtle points of federal tax policy. (by
the way i prefer the word federal to congressional: that is a
republican word which forgets the guilt on the part of the treasury
and the president in these matters.)

what makes you think that the tax rate when you withdraw will be less
that the tax rate in the years you were avoiding taxes? no
preferential treatment in current terms can be valued properly over
the long run. about the most you can guarantee is that you will have a
lot of taxable income some time in the future. the tax rate at that
time is not predictable.
-- 
arthur wouk 
internet: wouk@alumni.cs.colorado.edu
From: sdennis@aa.cad.slb.com (Steve Dennis)
Newsgroups: misc.invest
Subject: How to sell
Date: 15 Sep 92 13:06:48 GMT
Organization: Applicon; Ann Arbor, MI (USA)

I don't know if this is the right group but...

I have 33 shares of stock, exactly what do I have
to do to sell it??  With such a small number of
shares I know I am going to be charged a flat fee
not a commission but do I tell them sell this for
$xx or do they get me what they can? 

So exactly what are the mechanics of selling stocks??

If it matters the stock is currently worth ~ $70/share.

Thanks

  Steve

P.S. If this is the wrong group could somebody at least
email the answer since I need to sell to buy my new house ;-)


-- 
=================================================================================
Steve Dennis (Software Engineer)    Internet: sdennis@mailhost.aa.cad.slb.com   |
Applicon                                UUCP: uunet!sharkey!applga!sdennis      |
Ann Arbor, Michigan (USA) _____+----------------+___           ___+--------------
Newsgroups: misc.invest
From: rot@mickie.id.macsch.com (Rohit Thukral)
Subject: Re: Phone no. for Pacific Brokerage
Reply-To: rot@mickie.id.macsch.com
Organization: MSC, Los Angeles
Distribution: usa
Date: Tue, 15 Sep 92 15:14:12 GMT

In article <SUDEEP.92Sep14122524@pundit.arc.UUCP>, sudeep@arc.UUCP (Sudeep Sharma) writes:
|> 
|>  Would someone please post the telephone number
|>  for Pacific Brokerage.
|> 
|>  Thanx in advance
|> 
|>  Sudeep

(800) 421 8395
(213) 939 1100 - Los Angeles
-- 
#include <StdDisclaimer.h>
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: What is Venture Capital??
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 10 Sep 1992 00:45:02 GMT

In article <AJG.92Sep9071023@sp1.ccd.harris.com> ajg@controls.ccd.harris.com (Arnold Goldberg) writes:
>>>>>> On 9 Sep 1992 05:53:48 GMT, barmar@think.com (Barry Margolin) said:
>Barry> it were a loan, the investor would be near the head of the list of
>Barry>creditors who get paid back out of whatever assets you have left when you
>Barry>declare bankrupcy.  Holders of preferred stock, on the other hand, are at
>Barry>the tail of the list.Their risk is therefore the highest, but so is their
>Barry> potential payoff if the company succeeds, since they generally purchase
>Barry> stock at very low prices.
>
>I thought preferred stock was higher up in priority then common stock.
>I know this holds true for dividends at least...

I think Barry was saying if a start-up company went bankrupt, the
bond holders probably wouldn't get all their money out. In that case
it matters litle if you hold preferred or common -- if the
bondholders are not all repaid, the stockholders - any type of stock
-- will have nice looking wallpaper.  You are right, of course, to
note preferred stock has preference over common stock if the
company is liquidated, and for dividend payments as well if
dividends are suspended.  (Technically, the preferred must be
cumulative, but I suspect all preferred issued these days is
cumulative.  That just means if the dividends are suspended, they
must all be paid back in full before the common pays any dividends.)
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: tony2@prefect.uucp (21131-gozdz)
Subject: 401(k) options; Was: Fidelity Fund Options
Organization: Bellcore, Livingston, NJ
Date: Wed, 9 Sep 92 19:41:32 GMT

In article <Dmerrill-090992130325@47.140.3.216> Dmerrill@bnr.ca (Dana Merrill) writes:
                     [text Deleted]
>
>Furthermore, it has always seemed that it would be of benefiet for EVERYONE
>if a company had its 401 plan with someone such as Fidelity (as long as
>Fidelity waived the loads!!!).  Employees whould have a very wide choice
>of options for directing their 401s, Fidelity (or whoever) whould get
>a tremendous amount of new buisness (and make plenty from fund management
>fees (expenses), without the load), and I would think that the employer 
>would save as well by simply passing the 401 contributions along to
>Fidelity, significantly reducing plan administration costs.
>
>Anyone care to comment?  Is this done at other companies?  The plans 
>that I have been familar with generally offer the misleading 
>"Guaranteed" investment contract or GIC, the companies stock or some
>index fund.  (Another subject, but none of these are really "safe"
>if that is what a person wants; one company I know of just lost
>a large chunck with their GIC!!)
>

A few words on the subject from another "Bellie":
our 401(k) will be transferred from the Bankers Trust to
Vanguard Group in January :-). We've had just 4 options: 
GIC (it's not guaranteed by any means, so they've changed
its name), a SP-500 index fund, the stock of 7 RBOCs, and
a Governement securities fund. I think the Vanguard is
a fantastic choice for a 401(k) plan: they have very
low management fees, are prudent, have good history,
are not too volatile, and offer a great choice of funds.

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
                           no .sig, strictly business
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Fri, 11 Sep 1992 21:03:16 GMT
Subject: Re: Trading program.
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, sasha@ra.cs.umb.edu (Alexander Chislenko) writes:

>    It looks like I finally found a trading algorithm that can bring me $
> without any investment or risk.  At least I think so.

Without investment or risk?  How do you buy options without investment?  How do
you cut the risk to "no risk" with options?

> Now I need to find a broker who takes no more than 2% commission on options,
> and get access to a trading program which I could enhance with my applica-
> tion (or at least a good real-time quote line).

Kennedy, Cabot and Co and Anhauser have the best option prices that I have
found:

KCC : $4 per option with a minimum of $30 for options greater than $1 for less
than X options.  If you have 3 $10 options for $3000, the commision is 1%.

Anhauser is $2.50 per option plus $25, which is cheaper for one option, and
more expensive for 3 to 15 options.

What do you mean by a trading program?  There are brokers that you can call on
a modem and place a trade.

> Do those things exist?
>    Or can I approach some brokerage firm with my idea and hope I get what
> it's worth?

Most brokerage firms will be pretty sceptical.

>    I would appreciate any advice (or cooperate with anybody who has the
> above mentioned resources.
> 
> 	Alex.
Newsgroups: misc.invest
From: kendall@adobe.com (Janice Kendall)
Subject: Re: Star/Cirrus network access fee
Organization: Adobe Systems Incorporated
Distribution: usa
Date: Sun, 6 Sep 1992 02:18:01 GMT

In article <1992Sep1.171620.26956@donner.SanDiego.NCR.COM> josh@tara.SanDiego.NCR.COM (Josh Mereminsky) writes:
>
>
>A friend of mine tells me that his checking account at a credit union does
>not charge him a network accesss fee when using ATMs of other banks that
>are on the Star or Cirrus networks.  I am charged $1.00 each time I use
>another bank's ATM and was under the impression that this was an unavoidable
>charge.  It seems unlikely that a bank would cover those charges for its
>customers.  
>
>Does anyone else out there have accounts which waive the network access fee?
>
>If so, is there a limit to the number of ATM transactions you make per month
>before being charged.  Also, do these fees vary from institution to
>institution?
>
>Thanks,
>Josh Mereminsky
>NCR Corporation - E&M San Diego
>josh.mereminsky@SanDiego.ncr.com


I use a credit union ATM card and I have no charges either.  No limit.

 Janice Kendall    kendall@adobe.com    ...!{decwrl|sun}!adobe!kendall

        "Giving power and money to the government is like giving 
         whiskey and car keys to teenage boys."  

		- P.J. O'Rourke, former gulf war correspondant, summing
		up what he learned during two years of research on how
		our government functions.
From: jch@cbnewsh.cb.att.com (jeffrey.c.halle)
Newsgroups: misc.invest
Subject: Re: IRR for an uneven cash flows
Date: 15 Sep 92 14:06:24 GMT
Organization: AT&T

From article <12550@sail.LABS.TEK.COM>, by atharp@sail.LABS.TEK.COM (Athar Pasha):
> Given my lack of financial expertise, I have given up on finding IRR for
> an uneven cash flow. FOr example assuem I am investing in mutual funds.
> I invest $3000 on the first of month. On the 23rd I invest another 150. 
> On the 26th I sell all my shares. What is the IRR? Note that this is not
> the textbook type IRR in which cashflows implicitly occur once a period either
> at the end or the beginning.

Don't bother.  IRR is a totally irrelevant - and usually bogus - parameter.
Small fluctuatuations in cash flow can result in large fluctuations in IRR.
Or vice versa.  And if you guess wrong, you can calculate an IRR that's orders
of magnitude off, or even negative.  (Or even imaginary.)

Just rely on final numbers, or NPV, or some other real parameter.
From: staffan@ca.serum.kodak.com (Kenneth Staffan (x37507))
Newsgroups: misc.invest
Subject: Re: Any problems with U.S. Savings Bonds?
Date: 11 Sep 92 18:13:45 GMT
Distribution: usa
Organization: Clinical Products Division, Eastman Kodak Company

>>Another tax item is that EE bonds under certain circumstances can be
>>used to pay tuition for you or your kids, and the interest is not
>>taxable then.  (There are restrictive income limits, and if your
>>income is too high, forget it.)
>
>You aren't kidding about restrictive. The income limit is something like
>$60K. This is WHEN YOUR CHILD IS IN COLLEGE. (How the h*ll do I know how much
>I'll be making in 10 years when my kids are in college). 

The number gets adjusted each year, and 60K is a heck of a lot more than
a heck of a lot of families make now!  That's dual 30K incomes, or a single
60K income.  Sounds like good money to me...
Newsgroups: misc.invest
From: fod@elroy.jpl.nasa.gov (Frank O'Donnell)
Subject: Re: Fidelity Fund Options
Organization: Jet Propulsion Laboratory
Date: Wed, 9 Sep 1992 23:07:20 GMT

Dmerrill@bnr.ca (Dana Merrill) writes:

>James, I don't have any suggestions for you but you bring up a question
>that I have often wondered about.  It appears that you are allowed to
>invest your 401 in Fidelity. 
>
>My first question is whether or not you have to pay Fidelity's loads under
>a plan such as this.
>
>Furthermore, it has always seemed that it would be of benefiet for EVERYONE
>if a company had its 401 plan with someone such as Fidelity (as long as
>Fidelity waived the loads!!!).  Employees whould have a very wide choice
>of options for directing their 401s, Fidelity (or whoever) whould get
>a tremendous amount of new buisness (and make plenty from fund management
>fees (expenses), without the load), and I would think that the employer 
>would save as well by simply passing the 401 contributions along to
>Fidelity, significantly reducing plan administration costs.
>
>Anyone care to comment?  Is this done at other companies?  The plans 
>that I have been familar with generally offer the misleading 
>"Guaranteed" investment contract or GIC, the companies stock or some
>index fund.  (Another subject, but none of these are really "safe"
>if that is what a person wants; one company I know of just lost
>a large chunck with their GIC!!)

Under our institute's 403b (it's just like a 401k, except
that it's for teachers and employees of other nonprofits)
we are given a choice between three broad investment plans,
one of which is through Fidelity.  We're given a choice of
30 or so Fidelity funds we can invest in, and the load is
indeed waived.  We're allowed a total of four "round-trip"
switches between funds per year without charge.  I formerly
had a good percentage of my 403b funds in Fidelity Growth Co.,
but since like many of you others I heard some troubling
stuff about that fund, I switched it into Contrafund earlier
this year.

Frank
frank@jplpost.jpl.nasa.gov
From: elsner@bank.ecn.purdue.edu (John H Elsner)
Subject: Re: direct stock purchases...
Organization: Purdue University Engineering Computer Network
Date: Sat, 12 Sep 1992 00:52:45 GMT

In article <BuFLwF.4ME@doppler.ncsc.org> kmoore@ncsc.org (Kevin Moore) writes:
>Recently there was a note that many companies sell their stock directly (I
>think the note was about Disney stock). A number was given through which
>the stock can be purchased. I was not aware of this. If this is true,
>why don't more people purchase stock this way rather than going through
>a broker (or maybe they do and I'm not aware of it)? Do most companies
>provide this service?
>
>++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++


Most companies don't directly sell their stock.  The companies
that do sell their stock are usually large corporations like
Disney.  Exxon just started directly selling their stock.
Hopefully more corporations will follow suit.  Anybody know
how to obtain a list of these corporations?
From: ar017@cleveland.Freenet.Edu (Nolan Whitaker)
Newsgroups: misc.invest
Subject: Re: direct stock purchases...
Date: 12 Sep 1992 01:00:50 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


The method of "direct stock purchase" you are referring to is
known as a DRiP (dividend reinvestment plan).  These plans
typically allow the owner of 1 share or more the right to
a) reinvest dividends obtaining fractional shares and b) to
invest other sums of money at periodic times (either monthly
or quarterly).  [Suppose you receive $20 worth of dividends that
are to be reinvested. Stock price is $30.  Instead of receiving
$30, you would get 1.5 shares of stock]  

[exqample 2: Suppose in addition you are allowed to add money
on a monthly basis. Every month you send in an additional
$20 and buy 1.5 shares--assuming price is still $30]

Advantages:
1. No broker fee
2.  You can buy not only whole shares but also fractional ones

Disadvantage:
1.  Not as liquid an investment since the company retains th
    share certificates until you drop out of the program
2.  You must already own at least the minimum # of shares
    required to participate (usually 1, but I think AT&T
    requires 10)--- Note that there are ways to get 1 share
    without a broker's fee in some cases (more on this later)
3.  Your money must be sent in advance & it is invested at
    a previously specified date (soecified by company)
    so you may not get a good price per share...

If you view this as a long term investment, these plans can be
quite effective if you invest regularly.  Most people who
do best seem to invest regular amounts (say $30-$100+ monthly)

The NAIC allows its members to buy 1 share of stock for a
$5 commision charge to set up the DRiP.  Membership is
about $20 or $30 I think.  (NAIC=national amateur investment
oops:  National Association of Investment Clubs, sorry about
that)

(--please ingnor spelling mistakes, etc--- I'm typing this
as I go with a crude text editor)

Nolan W.
Whitaker
From: Dave-M@cup.portal.com (David Russell Mottern)
Newsgroups: misc.invest
Subject: Re: AMD stock
Date: Fri,  4 Sep 92 20:07:17 PDT
Organization: The Portal System (TM)
  <1992Sep4.161848.7470@venice.sedd.trw.com>


>In article <1992Sep2.170346.5696@TorreyPinesCA.ncr.com> cs6@TorreyPinesCA.ncr.com (Eric Sit 3611) writes:
>>
>>Since the dollar's plunge, AMD has gone from 8 1/2 to 11, a whooping
>>25% increase in just a few days.  The volume has been in excess of 
>>one million shares a day.  I understand that Wall Street is bullish
  ------------------
  In excess of TWO million on 9/2 and 9/3.

>>on semiconductor companies because weak dollar would boost their
>>revenue in Europe.  Is there any other positive news about AMD
>>in particular?
>>
>>Eric
>
>Earlier this week on Dow Jones it was reported that Compaq announced two
>laser printers which are using the AMD Am29000 RISC chips.
>-- 
>lung@venice.SEDD.TRW.COM

It was also announced that AMD Am386 microprocessors are being used in
two new personal computers recently introduced by Digital Equipment Corp.

Today (Friday 9/4) AMD actually dropped a little and there was a large
DECREASE in volume. Just profit taking, or is there some news I haven't
heard?

Dave-M@cup.portal.com (David Mottern)
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: 401K rollovers and new possible retirement changes
Date: 7 Sep 92 01:33:21 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest

shannon@sierra.com (Shannon Maher) writes:
|              Also, does your employer control whether or not 
|you can take districutions from your 401K, or does the gov. set some 
|rules?

The government sets some rules.  However, the employer's rules may
be more restrictive than the government's.

--------------------------------------------------------------------
Timothy J. Lee                 timlee@btr.com  ...!decwrl!btr!timlee
This message comes with no warranty, not even an implied warranty of
fitness for any particular purpose.
Newsgroups: misc.invest
From: eric@desktalk.com (Eric Lieber)
Subject: Alliance Pharm (ALLP) - Why the Drop
Reply-To: eric@desktalk.com
Organization: Desktalk Systems Inc.
Date: Fri, 11 Sep 1992 15:58:05 GMT

Does anyone know why ALLP  fell to $10 yesterday?


Eric Lieber
DeskTalk Systems
Torrance CA
eric@desktalk.com	std disclaimer
From: kmoore@ncsc.org (Kevin Moore)
Newsgroups: misc.invest
Subject: direct stock purchases...
Date: 11 Sep 92 20:50:39 GMT
Reply-To: kmoore@ncsc.org (Kevin Moore)
Organization: North Carolina Supercomputing Center

Recently there was a note that many companies sell their stock directly (I
think the note was about Disney stock). A number was given through which
the stock can be purchased. I was not aware of this. If this is true,
why don't more people purchase stock this way rather than going through
a broker (or maybe they do and I'm not aware of it)? Do most companies
provide this service?

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
||  Kevin Moore                      North Carolina Supercomputing Center   ||
||  Scientific Support Analyst       3021 Cornwallis Rd.                    ||
||  (919) 248-1179                   Research Triangle Park, NC 27709       ||
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Professional investor report
Date: 9 Sep 92 01:10:15 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Sep4.225459.3572@wvnvms.wvnet.edu>, un026217@wvnvms.wvnet.edu writes:
|> Hi, netters
|> 
|> I got the following news item from DOW JONE NEWS in
|> //wires database:
|> 
|> professional investor report
|> 
|> 8/28 hughes supply (HUG) P-Alert: -3/4 on 151,600
|> 

HUG is the ticker symbol of HUGHES SUPPLY INC.'s stock
There is an alert on this stock which is trading down 3/4
from last day's closing price on a volume of 151,600 shares
traded so far today.

|> HUGHES SUPPLY INC.
|>  Last Trade NYSE: -3/4 at 13 5/8 on 1/4 downtick
|>  Trade vol:       6,500 =   4% ttl vol=  0.2%  shrs out

Today's last trade as of the writing of this report: someone bought 
6,500 shares from someone else at $13 5/8 per share.

Previous trade (before the last trade) was at $13 5/8 + 1/4
(the price ticked down by 1/4)

Yesterday's last trade was at : $14 3/8 = 13 5/8 + 3/4 .

Total number of shares traded so far today: 6,500 / .04 = 162,500 shares 
Those 162,500 shares represent 0.2% of total number of shares outstanding

|>  Ttl blk vol:    79,900 =  53% ttl vol=  1.9%  shrs out

79,900 shares have been traded in blocks.
Block trades are trades in units of 10,000 shares. Most block trades
are done by big "institutional" investors (ie. mutual funds,
brokerage houses, pension funds,...etc..)
So, 53% of today's trading has been done on behalf of large "institutional"
investors. ie the big boys may be dumping this stock.

|>  Avg blk vol:       N/A = N/A% avg daily vol

The average volume of a block trade is not available.
That would tell us how many of these big investors are 
dumping this stock.

|>  Ttl vol:       151,600 = 3316% avg daily vol
|>  Avg daily vol:   4,572 / Prev day + 1 1/8 on 126,700

Today's total number of shares traded is more than 30 times the 
average number of shares traded in a day. 
(Heavy trading typically happens on breaking news that affect 
significantly a company's stock price.)

Yesterday's closing price (last trade) was $1 1/8 above the previous
day's (the day before yesterday) closing price.

|> -0- 12 21 PM EDT 08-28-92}

Date and time of this stock report.

|> Could someone help me read this please?
|> 
|> Thanks in advance, Bo Wang

You are welcome.
-- 
..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.
......................................................................