HDTenEightyP/NetNews huggingface dataset:
Newsgroups: misc.invest

In misc.invest, anth@eng.umd.edu (Anthony G. Bradford) writes:

> It seems to me that the biggest moves (in terms of percent) in the
> market are down. Does anyone know if this is true?

There are more large downward daily moves than there are large upward daily
moves, but there are about the same number of quarterly moves in each
direction.

> I heard a rumor that mutual funds can't short, only partnerships can
> short. Does this create a natural upward overpriced bias of the stock
> market? It seems more natural to think of going long then short. Some
> people don't even know  what it means to go short.

Most people believe that the growth of the economy provides the natural upward
bias of the stock market, if the market didn't move, increasing earnings and
dividends would make stocks look better and better.

> Also I noticed in the WSJ the other day, there seems to more long term
> call options then put options, does this add to my theory the the
> market has a natural upward overpriced bias?

It shows that other people believe there is an upward bias.  I have tried to
predict downward moves, and it is much more difficult than upward moves due to
this bias.

----------------------------------------------------------------------
Brian Rauchfuss (Smokefoot)  "... the world could change in the blink
brian@hpfcbdr.fc.hp.com           of an eye."
Newsgroups: misc.invest
From: tal@netcom.com (Tal Dayan)
Subject: Black & Schultz for Quatro, where to find it
Date: Tue, 29 Sep 92 02:13:37 GMT
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 


A friend of mine told me about an add on for Quatro which implmenets
Black and Schultz formula for predicting future value of stock options.

However, he does not remeber the name of the vendor of
it except that the are located in the Bay Area. 


I would apprereciate any help in locating this products.

Please replay by email as I don't receive this group regulary.

Tal Dayan






-- 

 =======================================================================
 Tal Dayan (TM)             tal@netcom.com              tal@cse.ucsc.edu 
 =======================================================================
From: nsteffen@tecnet1.jcte.jcs.mil
Newsgroups: misc.invest
Subject: Optionable Stock List
Date: 28 Sep 1992 15:01:05 -0500
Organization: UTexas Mail-to-News Gateway
NNTP-Posting-Host: cs.utexas.edu

I have been driving myself toward blindness trying to compose a list of
optionable stocks from the S&P handbook so I thought I'd try and see if
there just might be a accurate/semi-accurate list that is all ready
available.

If anyone know the whereabouts of such a list I would be deeply
indebted.

Norm Steffen

aka nsteffen@tecnet1.jcte.jcs.mil
From: pvonk@scott.skidmore.edu (Pierre VonKaenel)
Newsgroups: misc.invest
Subject: Re: another stock market crash? '29 wasn't a surprise.
Date: 4 Oct 92 15:24:12 GMT
Article-I.D.: scott.1992Oct4.152412.18625
Distribution: na
Organization: Skidmore College, Saratoga Springs NY, 12866

In article <1992Oct2.181558.2045@dazixco.ingr.com> dlb@sunloaf.dazixco.ingr.com writes:
>
>There were many other influences in '29, such as corruption and market
>inefficiency that served to screw the small investor in other creative ways.
>

Correct me if I'm wrong, but.... although the '29 crash included a big
one day drop, wasn't the market generally going down for a year before
that day, and didn't a lot of investors see the writing on the wall
and get out in time?  

Today, many people think the '29 market suddenly crashed in
one day, out of the blue.  

-- 
Pierre von Kaenel	| Skidmore College	     | pvonk@skidmore.edu
Math & CS Dept.		| Saratoga Springs, NY 12866 | (518)584-5000 Ext 2391

[.... old sig has been retired.  New sig isn't ready yet. ]
Newsgroups: misc.invest
From: "Mansoor Ahmed" <mansoor@orion.ssdc.honeywell.com>
Subject: Insider sell at MSFT
To: misc.invest
Posted-Date: Tue, 6 Oct 92 07: 50:49 CDT
Organization: Honeywell Systems & Research Center
Date: Tue, 6 Oct 1992 12:50:49 GMT
Received-Date: Tue, 6 Oct 92 07: 49:52 CDT



I recently got an article from the MFF that talks about
hot insider sells and buys... It mentions that MSFT is a top
faavorite for a Sell since there has been much insider selling lately
Is this true.....?
ANy of you MSFT guys care to comment...? What is the prediction
inside the company?????

MFF = Mutual Fund Forecaster
MSFT = Microsoft

-m
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: What is a covered call option?
Date: 29 Sep 92 01:20:15 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Distribution: usa
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Sep26.195420.23599@cbnews.cb.att.com>, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
|>... 
|> In effect, your suggestion is to write a call which bets the future
|> value of the index won't rise too much, and then buy a future --
|> whose other buyers are betting the value of the index will rise as
|> much as possible.  You would be betting against yourself!
|> --                 *************************************

Well, that's hedging your bets.   
Is'nt that what you do when you buy a straddle for example (a put and a call
on the same stock) ? 

..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.
......................................................................

From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Thu, 1 Oct 1992 14:51:45 GMT
Subject: Re: What is a covered call option?
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:

> Seems to me to be a poor deal. The time value portion of the future
> decreases steadily.  

Futures do not have decreasing time values like options have.

> In effect, your suggestion is to write a call which bets the future
> value of the index won't rise too much, and then buy a future --
> whose other buyers are betting the value of the index will rise as
> much as possible.  You would be betting against yourself!

If the index stays flat or rises you have won, if it drops, you have lost.  You
can back the futures that you have bought with enough cash to make it nearly
identical to buying the actual index of stocks.

Brian Rauchfuss
Newsgroups: misc.invest.real-estate
From: jgarland@ws20.ips.iacd.honeywell.com (Jeff Garland)
Subject: Re: MLS access
Organization: Honeywell Industrial Automation & Control
Distribution: misc.invest.real-estate
Date: Wed, 30 Sep 92 00:20:03 GMT

In article <AJG.92Sep29070032@sp1.ccd.harris.com>, ajg@controls.ccd.harris.com (Arnold Goldberg) writes:
|> Around here you have to a member of the Board of Realtors (tm), 
|> and pay an annual fee of about 800 plus a monthly fee...
|> 
|> not a cheap proposition

I think this is true everywhere and it is something that is extremely
annoying.  When I am looking for a house I don't want to have to call
a real estate agent...they are just in the way.

Does anyone know of successful alternatives to MLS which provide databases
which the general public can get dial-up access? Or maybe send in a list of
criteria such as size etc and get a report on the listed properties? 

-- 
Jeff Garland                     |  If you can't stand the heat...
Phoenix, Az USA                  |  get out of the desert.
jgarland@ips.iacd.honeywell.com
From: dfavor@logan.tivoli.com (David Favor)
Newsgroups: misc.invest.real-estate
Subject: Re: Selling your own home
Date: 28 Sep 92 14:12:15 GMT
Organization: TIVOLI Systems, Inc.

Charlie:
>As mentioned, many sellers vastly overprice their property.  An overpriced
>property will often sit for a long time, and then people wonder what's wrong
>with it.  Even if the price is reduced, they still wonder.  A properly priced
>property will sell quickly if there's a market.  Most sales by agent will
>bring about 10% above what a similar FSBO brings.

I tend to agree that Agent sales bring a higher price, but have seen no hard
data to prove or disprove my conclusion. do you have hard data to support the
10% figure you state here? if you do would you post your source. thanks.
From: billw@regal.cisco.com (William )
Newsgroups: misc.invest.real-estate
Subject: Re: Review of "Buy & Hold Real Estate Strategy"
Date: 28 Sep 92 17:24:43 GMT
	<1992Sep27.211935.16627@austin.eds.com>
Followup-To: misc.invest.real-estate
Organization: cisco Systems, Inc.


    Example 1. You own a property free and clear and it rises only with
    inflation.  You are not making any money because the inflated price
    has the same purchasing power as the price you paid.  You are not
    losing any money either.

Huh?  If you sell the house, you pay income tax on "capital gains", which
is (sale price - purchase price), with NO ADJUSTMENT for inflation.  So
in the above example, you are losing money.

This is an argument frequently quoted by those in favor of preferrential
tax treatment of capital gains.

BillW
Newsgroups: misc.invest.real-estate
From: pkrause@triton.unm.edu (Paul Krause CIRT)
Subject: Re: Rate jump in Canada
Date: Thu, 01 Oct 92 19:49:37 GMT
Organization: University of New Mexico, Albuquerque


Newsgroups: misc.invest.real-estate
From: ajg@controls.ccd.harris.com (Arnold Goldberg)
Subject: Re: MLS access
Organization: Harris Controls and Compositions
Date: Tue, 29 Sep 1992 12:00:32 GMT


Deyoung> Does someone know how I (without a real estate license) can access the MLS to
Deyoung> search for house for sale in the market?  Is there a place to register for
Deyoung> this access with some fees?



Around here you have to a member of the Board of Realtors (tm), 
and pay an annual fee of about 800 plus a monthly fee...

not a cheap proposition


--
------------------------------------------------------------------------
Arnold Goldberg                            Email:  ajg@ccd.harris.com
Phone: (407)242-5051                       Snail:  Harris Controls
Fax  : (407)242-4262                               407 John Rodes Blvd.
                                                   Melbourne, FL 32905
The opinions expressed are my own and do not in any way represent Harris 
------------------------------------------------------------------------
From: dfavor@logan.tivoli.com (David Favor)
Newsgroups: misc.invest.real-estate
Subject: Re: MLS access
Date: 6 Oct 92 13:21:50 GMT
Organization: TIVOLI Systems, Inc.

Deyoung:
>Does someone know how I (without a real estate license) can access the MLS to
>search for house for sale in the market?  Is there a place to register for
>this access with some fees?

a board member can lose their MLS subscription for allowing an non-member
to have access to MLS, however, if you hire a Broker/Agent as a Buyer Agent
(can only be done legally by signing a Buyer Agent Agreement) you can usually
get unlimited access. the main objective MLS has is to insure that any 
transaction that results from MLS benefits the MLS membership. it's just
good business. if you've got a monopoly and can protect it... do it! :-)
From: mickim@aix.rpi.edu (Mark Mickiewicz)
Newsgroups: misc.invest.real-estate
Subject: Reducing downpayment for investment
Date: 2 Oct 92 19:09:26 GMT

Does anyone have any good advice for reducing the size of a downpayment on
an investment property. Currently, the banks are asking 25%. I know that it
is great to find a good assumable mortgage, assume it, and maybe have the
seller take a note for the rest, but are there any other ways of doing it?

Also.. If I get an FHA owner occ. loan, and live in one of the units, what
happens when I move out.. and what if I move out in , say, 3 months?

--
From: dfavor@logan.tivoli.com (David Favor)
Newsgroups: misc.invest.real-estate
Subject: Re: Selling your own home
Date: 28 Sep 92 14:09:38 GMT
Organization: TIVOLI Systems, Inc.

Stavros:
>Fits my experience as a buyer.  After visiting a few FSBO's, I quickly
>became unhappy with the uninformative (or unrealistic) ads, and the
>lack of organization (the equivalent of a listing sheet).  Perhaps if
>I had more time, I would have been more patient.

this is exactly why I've begun the process of becoming a licensed Real
Estate Agent. I wish to purchase property from informed professionals.
my time is better spent billing hours (to provide cash for property
purchases) than negociating with a FSBO that has arrived at a sales
price based on misinformation and emotion.
Newsgroups: misc.invest.real-estate
From: lcheng@milton.u.washington.edu (Linda Cheng)
Subject: condo on leased land
Reply-To: lcheng@u.washington.edu
Organization: University of Washington, Seattle
Date: Mon, 28 Sep 1992 18:20:41 GMT

My step mother made an offer on a condo for sale.  We found out from the
condo certificate that the building was built on leased land for 75 years
with 55 more years left.  The lease is non-negotiable when the lease
expires.  We need to know what does non-negotiable mean? We know that it
is common to build on leased land in Hawaii but very rare in Washington
State. What will happen to the condo when the lease expires?  Should my
step mother go on with the process?  Any help will be greatly appreciated.
From: dfavor@logan.tivoli.com (David Favor)
Newsgroups: misc.invest.real-estate
Subject: Re: lender is asking for 1040's
Date: 28 Sep 92 14:41:30 GMT
Organization: TIVOLI Systems, Inc.

Jerry:
>My questions to the net: Is asking for past tax returns
>standard policy for refinancing a rental?

this is fairly standard when dealing with the primary
money market (Banks). 

> Am I being
>unreasonable balking at their request?

I don't think so, but that's a personal opinion. I deal only
with money I make or private money, because I dislike the idea
of my financial information being cross referenced by many Banks.
this creates an ever-widening paper trail that describes my
financial life. for me, this paper trail is unacceptable.

> Do you have any
>suggestions on how I should proceed?

if you want to deal in the primary money market then you will
probably have to open your books to the world. (shudder, shudder)
maybe this situation will motivate you to seek out other markets
of money. I found this situation down right inspiring. :-)
Newsgroups: misc.invest.real-estate
From: praetzel@marconi.uwaterloo.ca (Eric Praetzel)
Subject: Rate jump in Canada
Organization: University of Waterloo
Date: Thu, 1 Oct 1992 17:09:14 GMT

2% interest rate jump.  This place is a blithering bananna republic.
  My house is a cheap semi-detached ($125k) and the yearly taxes are $2k
(20% of my mortgage payments).  Invest in real-estate?  No way.  At least
not in Canada.
  So whats normal for you other guys.  How much of the value is due in 
taxes, and how much does it vary amoung countries/states?
  - Eric 
Newsgroups: misc.invest.real-estate
From: pkrause@triton.unm.edu (Paul Krause CIRT)
Subject: Re: Book on Exchanges
Date: Tue, 29 Sep 92 14:18:32 GMT
Organization: University of New Mexico, Albuquerque
Distribution: misc

In article <AJG.92Sep29071028@sp1.ccd.harris.com> ajg@controls.ccd.harris.com (Arnold Goldberg) writes:
>
>Has anyone read any good books that describe how to do tax-deferred
>exchanges (the kind where you trade like-kind property for like-kind,
>not the step-up exchange... I forget which is which, 1034 or 1031).

Bill Tappen Real Estate Exchange and Acquisition Techniques.  I believe there 
is a new edition in the bookstores now.  I have the old one. 

Paul

Newsgroups: misc.invest.real-estate
From: andyh@microsoft.com (Andy Held)
Subject: Re: Lease agreement
Date: 28 Sep 92 20:51:22 GMT
Organization: Microsoft Corporation

indeed, "good" leases vary state-by-state, and in many areas (seattle,
boulder, many cities with universities) city-by-city.  a very good lease
to use in wash (and to use as a model elsewhere) is available free from
the Conflict Resolution Center, in Seattle.  Directory assistance has
the number, and you can ask for the model lease over the phone.
From: slansky_doug@macmail1.rtsg.mot.com
Newsgroups: misc.invest.real-estate
Subject: Re: some simple questions
Date: 2 Oct 92 18:05:49 GMT
Distribution: usa
Organization: CSG Group

In article <BvI5H0.78o@ecf.toronto.edu> chansze@ecf.toronto.edu (CHAN Sze
Keong) writes:
>hi, i am a real novice in this, so i hope someone can help :
>
>1) when i buy property do i pay an my agent , both agents or does the seller
>   pay both agents ? 
>
The seller pays all commissions.  This is important to remember - "your" broker
is actually working for the seller...thus it will be in their best interest to
keep the price high.

>2) will this be included in the price ?
>

Commission is almost always as a % of selling price.  It will not 
affect the price you pay, excepts as in #1, above...

>3) do the negotiations go face to face or through an agent ?
>

If the other party is selling the house through a listing agent, then
negotiations take place through that agent.  If they are selling as owners
(unlikely, if your broker suggested them), then do the negotiation yourself and
get the seller to take the saved commission out of the purchase price.

>4) how long is the negotiations ? 1day 1week ??

Depends how stubborn either (or both) parties are.  Be careful not to get
impatient, and always get legal advice before signing a contract.

>
>5) when is the best time to look for property ? i mean that since rates
>are low this is the best time but is fall better than winter ??

Winter is usually good - most people look when the weather is nice, so you may
get a slightly more motivated seller.  This really will be of minimal effect,
however.
>
>6) is an agent neccessary ? can i get property listings by myself ?
>   if so where can i get them ?
>
>

No, most people do not have access to the listing service without going through
a broker (unless the know someone...).  Try looking in the real-estate sections
of the paper - many brokers list houses there, as well as "by owner" listings.
>thanks in advance.
>dennis
>
Your Welcome.

Doug
From: annie@gummo.osf.org (Annie Poh)
Newsgroups: misc.invest.real-estate
Subject: refinancing in MA
Date: 29 Sep 92 11:53:03 GMT
Reply-To: annie@gummo.osf.org (Annie Poh)
Organization: Open Software Foundation, Cambridge, Massachusetts


Hi everyone,

I have a few questions regarding refinancing in the state of MA.

Recently, we refinanced our home.  Finally, after two months, we have a
closing date.  The mortgage company was the WORST I have ever dealt with 
(not that I have dealt with a lot in my life).  Anyway, the agent came to
our house, told us that everything we have requested was not a problem.
The following day, she told us that everything that we have requested was
NOT possible (I have a feeling that she never bother to find out). 

Anyway, I have a few questions regarding the closing :

    1) In MA, there is a "recition (spelling)" law in which the appliciant
        has three business day to refuse the mortgage afte the closing date. 
        My question is that will we be losing any $$ since the mortgage is a
        0 points, 0 closing cost mortgage.

    2) Does the above law apply to refinancing?

    3) What to do about mortgage company that mislead us like this?
 
    4) The interest rate continues to drop, I believe our rate lock must have
       expired (the lawyer asked me the question, and called to mortgage
       company when I told her I am not sure.  After that, she refuse to tell
       me.  She told me to call the mortgage company myself.  Sound really
       fishy to me.), but am not sure.  What exacly is the period of the rate
       lock?  I thought it was 30 days.  In any case, if it is 30 days, do we
        qualify for the lower rate?

In any case, we would like to get out in dealing with this mortgage company
without losing any $$.  Can someone please help?

thanks
annie
Newsgroups: misc.invest.real-estate
From: srini@milton.u.washington.edu (Srini Tridandapani)
Subject: request info. on tax credit for first time home buyers
Organization: University of Washington, Seattle
Distribution: usa
Date: Sat, 3 Oct 1992 20:00:41 GMT

 
Does anybody know any of the fine print that is in the tax bill
passed by the senate two days ago... I am specifically interested
in the details of the first time home buyers tax credit....

I am trying to find out the strings attached to the credit deal.
More specifically will this credit beapplicable if you bought a
house for the first time but rented it out instead of living in it.
If the house were somehow declared as being for investment purposes
in the mortgage papers would this disqualify me from availing of 
the tax credit???

Please mail any info. to mansoor@ssdc.honeywell.com

Thanks,
Mansoor Ahmed

Newsgroups: misc.invest.real-estate
From: bible@iastate.edu (Anthony E Bible)
Subject: Re: Rate jump in Canada
Organization: Iowa State University, Ames, IA
Date: Thu, 1 Oct 1992 21:30:32 GMT

In article <BvGCzF.6rD@watserv1.uwaterloo.ca> praetzel@marconi.uwaterloo.ca (Eric Praetzel) writes:
>2% interest rate jump.  This place is a blithering bananna republic.

	So, does this mean all mortgages in Canada are variable rate like they
are (I read somewhere) in Europe or do you just happen to have a variable rate
mortgage?


>  My house is a cheap semi-detached ($125k) and the yearly taxes are $2k
>(20% of my mortgage payments).  Invest in real-estate?  No way.  At least
>not in Canada.
>  So whats normal for you other guys.  How much of the value is due in 
>taxes, and how much does it vary amoung countries/states?

	Mine is 1800 sq.ft. ranch style with detached double garage that the
assesor says is worth (US)$96K and the property taxes are about (US)$1950,
approximately 2% of assessed value.  Friends in California (whose houses have a
market value *much* higher than mine, ca. three or four times) pay about 1%,
but that is based on the price they paid for the house originally, not the
current market price.  Since I know my one friend paid about (US)$35,000 for
his house in the late 60's his property tax only runs about (US)$350.  I'm
happy for my friend, but ...


Regards,
tony
Newsgroups: misc.invest.real-estate
From: ajg@controls.ccd.harris.com (Arnold Goldberg)
Subject: Re: Book on Exchanges
Organization: Harris Controls and Compositions
Distribution: misc
Date: Wed, 30 Sep 1992 16:25:25 GMT

>>>>> On Tue, 29 Sep 92 14:18:32 GMT, pkrause@triton.unm.edu (Paul Krause CIRT) said:

>Has anyone read any good books that describe how to do tax-deferred
>exchanges (the kind where you trade like-kind property for like-kind,
>not the step-up exchange... I forget which is which, 1034 or 1031).

Paul> Bill Tappen Real Estate Exchange and Acquisition Techniques.  I believe there 
Paul> is a new edition in the bookstores now.  I have the old one. 

Paul> Paul


I've just ordered the book. The most recent edition is from 1989

Is this true from what you saw in the bookstore??

--
------------------------------------------------------------------------
Arnold Goldberg                            Email:  ajg@ccd.harris.com
Phone: (407)242-5051                       Snail:  Harris Controls
Fax  : (407)242-4262                               407 John Rodes Blvd.
                                                   Melbourne, FL 32905
The opinions expressed are my own and do not in any way represent Harris 
------------------------------------------------------------------------
Newsgroups: misc.invest.real-estate