HDTenEightyP/NetNews huggingface dataset:
From: n3165@USS.CRAY.COM (#Gordon Miller)
Newsgroups: misc.invest
Subject: Dictionary of Financial & Investment Terms
Date: 5 Oct 92 20:28:12 GMT

I recently saw this on the comp.os.msdos.apps newsgroup and thought
some in this newsgroup might find it of interest.

Forwarded message--------------------------------------------------------------

N E W S

For Immediate Release


	InveXtek, Inc.			Voice:	(415) 855-9099		
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SmartInvestor Dictionary 
of
Financial & Investment Terms


An On-line Reference to the 
Terms of 
Investment and Finance
                     


InveXtek's SmartInvestor Dictionary provides a ready reference to the
lexicon of the world of investment and finance.  Terms are clearly
defined and cross-referenced to avoid the syndrome of investment
jargon being defined with more investment jargon.

Don't let the vocabulary of brokers, investment newsletters, money
managers and others in the securities market cloud your investment
decisions.  Keep a reference of investment/finance terms as close as a
keyboard.  View and search the dictionary using your favorite word
processor.  All terms and definitions are provided on either a 5.25"
or 3.5" floppy disk in both plain text (ASCII) and Rich Text Format
(RTF).

Benefits
	Improve your understanding of 
		o	Real Estate
		o	Banking
		o	Stocks
		o	Bonds
		o	Mutual Funds

   E.g.  When your banker tells you about the benefit of points and an
	 acceleration clause in a mortgage, learn that the benefit
	 is all his!

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Pricing	$24.95
Newsgroups: misc.invest
From: edwardz@ecs.comm.mot.com (Edward Zhong)
Subject: NBR in chicago??
Organization: Motorola Land Mobile Products Sector
Date: Tue, 29 Sep 1992 15:20:30 GMT

i just moved to chicago area. we have pbs ch 11 and ch 20.
but i can't find the NBR on the program list. is there any
NBR like program in chicago area on tv? or even on the radio?



-- 
=================================================================================
Ed Zhong, Motorola Inc. (LMPS)      |  I make my $ work for me;
edwardz@ecs.comm.mot.com            |  I work to make my $ work for me.
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: OTC uptick?
Date: 2 Oct 92 01:30:07 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <rlcarr.05ur@animato.network23.com>, rlcarr@animato.network23.com (Rich Carreiro) writes:
|> When shorting an OTC stock (specifically, something on the NASDAQ/NMS list),
|> is there an uptick rule analogous to what the NYSE has?
|> 

NO.
That's one reason why many short sellers prefer the NASDAQ to the NYSE.

-- 
..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: mbodas@natukawa.intel.com (Milind Bodas)
Newsgroups: misc.invest
Subject: ADOBE
Date: 30 Sep 92 18:21:21 GMT
Distribution: usa
Organization: Intel Corporation, Santa Clara, CA

Hi,

Whats happening to ADOBE these days? 


Thanks,

-- Milind
Newsgroups: misc.invest
From: burke@tss.com (Jim Burke)
Subject: Re: The Advice of "Experts", and How to Interpret it...
Reply-To: burke@tss.com (Jim Burke)
Organization: Teknekron Software Systems. Inc.
Distribution: usa
Date: Thu, 1 Oct 1992 16:11:19 GMT

In article <19vq6aINN8cd@agate.berkeley.edu>, markh@sag4.ssl.berkeley.edu (Mark Hurwitz) writes:


|> THE QUESTION.  Various news mags (Money, etc.) recommend new "hot picks" 
|> all the time.  Do ANY of them pan out?  How do I, a small investor,
|> make any money, given that a significant number of expert-recommended
|> stocks will result in a 20% loss?   Is there some way to separate
|> the wheat from the chaff?


I was in Placerville, CA a while back and stopped into a local rock shop.
Placerville was part of Gold Ruch country in California and there is still
lots of gold in the mountains and streams around Placerville.  This rock
shop sold lots of books on gold panning and mining, where to find it, etc.
I asked the shop owner if he knew of a good place to pan for gold.  His
reply was "If I knew, I wouldn't tell _you_.  I'd go get it myself."  Well,
that made all the sense in the world to me.  

I apply this same principle to the guys who hawk "Get Rich Quick in Real
Estate" books and seminars.  If there was so much money to be made in 
real estate and it was as easy as they say, these guys would devote 
their energies to that, and not to selling their advice.

I don't discount the advice of experts out of hand.  They can give you
good general advice.  They can educate you.  They can sometimes even
spot long term trends that are still developing.  However, their advice
on specific stocks to buy for the short term is bogus, in my opinion.
Figure the odds that some guy writing for Money is going to spot an 
opportunity that the expert traders and portfolio managers have missed,
_and_ that opportunity still exists by the time the magazine goes to
press?  Even in the case of a daily, like the WSJ, there are thousands
of financial professionals who are looking at the same data the WSJ people
are looking at and they are acting on their analysis in real time.  
These guys are the true short-term expert, and I think anyone who tries to
beat them at this game is just fooling him/herself.  Just remember, when
you buy a stock for its short term potential, you are buying it from 
somebody else.  That somebody else is just as convinced that the short
term potential for the stock is bad as you are convinced that the short
term potential is good.  And these days, the small investor makes up a
tiny bit of the overall market, so the guy you are buying it from is
a pro.

-- 

	Jim Burke	"Life is uncertain - eat dessert first!"
	Teknekron Software Systems		... burke@tss.com
  	phone:(415) 617-2432			... uunet!tekbspa!burke
Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: FAQ about STOCKS TRADING ....
Organization: Taligent, a little subsidiary of two really big companies.
Distribution: usa
Date: Mon, 5 Oct 1992 18:58:04 GMT

In article <1992Oct5.174530.7010@athena.cs.uga.edu> tchang@athena.cs.uga.edu writes:
>Just want to know will my broker send IRS information about my gain/loss
>in stock tradings?

Well, yes and no.  The broker will send the IRS a form 1099-B, Proceeds
from Broker and Barter Exchange Transactions.  This shows how much the
securities were _sold_ for, but does NOT show the gain/loss.  It is up
to you to provide documentation as to the basis (= IRS for cost) of the
securities you sold, so that your gain/loss can be established.
--
-- Christophe

"He presented it with a length of string, and then passed on to the
Statue of Corrupted Endeavor, there to await the arrival of autumn."
Newsgroups: misc.invest
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Subject: Re: When to buy Mutual funds - tax implications
Keywords: capital gains distributions.
Organization: Physical Sciences Lab, University of Wisconsin
Distribution: usa
Date: Fri, 2 Oct 92 20:22:25 GMT

In article <BvI997.EKv@inews.Intel.COM> madalier@frx781.intel.com (Mehmet Adalier - EPG) writes:
>On a related note, let's say that my fund has capital loses rather
>than capital gains.  For instance, 100 shares at $1.00 each, and they
>decide they had $.25 in capital loses.  I wait until the end of the year.
>How does this work?
>
>Thanks,
>m. adalier.

Funds, by law, can't pass through capital losses to their
shareholders. But they are required to pass through all capital gains.
Gotcha! 



-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
Newsgroups: misc.invest
From: nfs@hart (Norbert Schlenker)
Subject: Re: Citicorp
Originator: news@nimaster
Organization: Princeton University, Dept. of Computer Science
Distribution: usa
Date: Sat, 26 Sep 1992 22:18:24 GMT

In article <1992Sep25.124305.28969@fccc.edu> ajmiller@orion.fccc.edu writes:
>
>   If I remember correctly ( a couple of months ago ), Citicorp did restart
> its dividends back up on its stock.

You remember incorrectly.

Norbert
nfs@cs.princeton.edu
Newsgroups: misc.invest
From: philco@microsoft.com (Phillip Cooper)
Subject: Re: How saturated is the market for Windows?
Date: 05 Oct 92 16:44:10 GMT
Organization: Microsoft Corporation

In article <1992Sep30.164014.28378@spectra.com> ohumukin@spectra.com (Kawika Ohumukini) writes:
>In article <1992Sep30.071415.1862@cs.sfu.ca> mcdonald@cs.sfu.ca (Ken Mcdonald) writes:
>>
>>Anyone have numbers on how successful Windows penetration of the IBM/clone
>>market has been?  In particular, out of those machines which have the
>>ability to run windows, how many have already been so equipped, and
>>how many have yet to change over?
>  
>	I'm not sure of current numbers but the estimated windows
>	sales as of about 6 months ago was around 3.2 million units.
>	If that rate maintained itself from it's initial conception
>	it must be around 4 million units sold.
>

These numbers are probably pretty accurate for Windows 3.1, but if you
include Windows 3.0 and 2.x you are looking at around 15 million.

>
>	Kawika 


Newsgroups: misc.invest
From: rravi@cbnewsj.cb.att.com (ramesh.ravi)
Subject: Re: ADOBE
Organization: AT&T
Distribution: usa
Date: Wed, 30 Sep 1992 20:42:13 GMT

In article <BvELnM.MvJ@inews.Intel.COM>, mbodas@natukawa.intel.com (Milind Bodas) writes:
> Hi,
> 
> Whats happening to ADOBE these days? 

Earnings and revenues are not upto to the expectations. Royalties on the
PostScript seems to be actually down from last year. Wall Street does not
for give even if you are one cent below expectations. Remember Symantec, 
Aldus, Altera, Cypress etc. If you don't meet expectations two quarters 
in a row, these high flying stocks can really get killed (80 to 90%).
Symantec (51 --> 9.5) and Aldus (55 --> 12.5) are down more than 80%. I have
a feeling slowly Adobe will get into teens. 


Ramesh Ravi
ramesh@hugo.att.com
(908)615-5082
Newsgroups: misc.invest
From: shelly@iscnvx.lmsc.lockheed.com (Sheldon Kay)
Subject: Whole Food Market Stock Drop
Organization: Lockheed Missiles and Space Co.
Distribution: usa
Date: Mon, 28 Sep 92 15:08:06 GMT

Anybody out there knows what Whole Food Market is falling like a rock?
I thought it would be like the next Ben & Jerrys.
            _
        |  / \  |
        | /___\ |
        |/ ___ \|   
        | /     |
        | \___  |
        |     \ |
        |  ___/ |

Newsgroups: misc.invest
From: burke@tss.com (Jim Burke)
Subject: Re: Info needed on PaineWeber Inc.
Reply-To: burke@tss.com (Jim Burke)
Organization: Teknekron Software Systems. Inc.
Distribution: na
Date: Fri, 2 Oct 1992 21:54:24 GMT

In article <1992Sep30.002445.25159@cirrus.com>, irshad@cirrus.com (Irshad Ahmed) writes:

|> Has anybody used PaineWeber Inc. (in St. Petersburg, FL.) as investment
|> broker house. If so I would appreciate input on your experience 
|> with them, good or bad. Basically, is it a sound company?

Years ago I had an account with Pain Webber when I first started to get
into investing.  Actually, the time period was during 1982/83 when
it didn't matter what you bought, you made money.  I kept the account
for about 9 months.  During that time, I had calls from my broker to
suggest a trade approximately every three weeks.  It took me a while to
understand the concept of "churning" but once I got it, I ran very quickly
to a discount broker.  I don't know if Pain Webber is much worse than
any other full service retail brokerage company, and I don't know if
"churning" is part of their company strategy or just the one broker
I had.  Personally, I believe they all do it to one degree or another,
since that's how they make money.  I do know that the broker I had at
Paine Webber would do or say anything to get me to make a trade and I
didn't like it.

-- 

	Jim Burke	"Life is uncertain - eat dessert first!"
	... burke@tss.com
  	... uunet!tekbspa!burke
Newsgroups: misc.invest
From: sbale@netcom.com (Swamy S. Bale)
Subject: Are we nearing another stock market crash?
Date: Sat, 26 Sep 92 05:55:16 GMT
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 
Distribution: na

Hi everybody,

Many stocks are overpriced, leading economic indicators are negetive,
Bio-tech and Auto stocks are flat, DJIA is at its highest level(though not near
3400).

Is that mean we are heading towards another crash?

I was reading Martin Zweig's interview in some magazine. He said 
despite his indicators are negetive, the stock market won't crash.
The only reason he has, is low interest rates. He thinks, because of
low interest, investors are looking different arena like stocks and
bonds. 

When I see todays DJIA -35.50 (Friday 25), and new lows leading over new
highs,(I have been tracking this since two weeks) it is telling something 
negetive. The reason for friday's DJIA down is economic uncertainity.

Do you think I should still keep my stocks or sell it?

Swamy
From: asuncion@ac.dal.ca
Newsgroups: misc.invest
Subject: Ramifications of Canadian vote?
Date: 29 Sep 92 18:39:05 -0300
Organization: Dalhousie University, Halifax, Nova Scotia, Canada


What will happen to Canadian investment if Canada votes YES/OUI? ...NO/NON?

From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Mon, 28 Sep 1992 15:32:25 GMT
Subject: Re: SuperInvestor Files
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, fajack@cc.usu.edu writes:

> 	I've just received a sales pitch letter from a doctor named
> Morton Shulman.  He is selling a newsletter called SuperInvestor Files 
> which claims to contain a strategy called TED spread which can increase
> your money by more than 100% !!!
> 	Anyone has heard about this fellow ?

The TED spread can also decrease your money be more than 100%!  I don't know
much about the SuperInvestor Files, but the TED spread is a spread using
futures, and Morton may not have mentioned the risks involved, such as losing
more money than you invested.

> Just curious
> Jack Teh
From: drjs@hss.caltech.edu (David Schmidt)
Newsgroups: misc.invest
Subject: Re: Bond Calculations?
Date: 27 Sep 1992 22:36:02 GMT
Organization: /usr/lib/organization
NNTP-Posting-Host: hss.caltech.edu

Regarding your first question about the day of the month on which
bonds and notes mature, there is no clear cut answer.  Currently,
recently issued two and five year notes mature on the last day of
the month, and three and ten years mature on the fifteenth.  (I'm
not sure about sevens or twenties.)  Most papers don't give you 
enough information to be able to figure out what kind of security
you are dealing with, (ie. you can't tell the difference between a
two year old five year note and a recently issued three year note.)
so you would need to find a source that tells you not only the month
and year of maturity, but also the day.

Your second question about the day count basis for notes and bonds has
a much easier answer.  An Actual/Actual day count basis is used for
notes and bonds (U.S. Treasury, at least).  This means you count the
actual number of days between any two dates, and that you use the actual
number of days in each year when the days in the year are needed.  This
is in contrast to T-bills which use a 30/360 day count (30 days in every
month, and 360 days in a year.).  

The final question about yields on bills requires you to read the fine
print.  I think you'll notice that the yield they quote on bills is a
bond-equivalent yield, which simply means that it is based on semi-annual
compounding and that it uses a 365 day year.  You'll find that if you
recalculate you're yield replacing 360/91 with 365/91 you will get the
yield quoted in the paper.  Note that this formula is only used for
T-bills with less than 180 days to maturity.  The formula for the bond
equivalent yield for bills with longer maturities is quite a bit more
complicated, so I suggest you look in a book on fixed income securities
for that.  Marcia Stigum has a number of good books, I think one is 
called _The_Money_Market_, and Frank Fabozzi's _Handbook_of_Fixed_
Income_Securities is also good.

Dave Schmidt
drjs@hss.caltech.edu
From: barmar@think.com (Barry Margolin)
Newsgroups: misc.invest
Subject: Re: When to buy Mutual funds - tax implications
Date: 29 Sep 1992 21:31:48 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
Distribution: usa
NNTP-Posting-Host: telecaster.think.com
Keywords: capital gains distributions.

In article <1992Sep29.132443.9054@cbnewsd.cb.att.com> grande@cbnewsd.cb.att.com (brad.l.grande) writes:
>My reading to date has told me that a fund will pass along capital gains
>(adjusted after losses) from its' turn over of its' assets back to the
>share owners.  These gains have to be claimed by me the share owner.

They also have to distribute dividends they receive.

>Is this distributuion done at the same time of year by all the funds, or is
>it specific to the fund?

It's up to the fund.  I believe they're required to do it at least at the
end of the year, and many funds only do that yearly distribution of capital
gains.  However, many funds, especially income-oriented funds, distribute
dividends more often; quarterly dividend distributions is pretty common.
The fund prospectus should include this information.

>Are you responsible for the full years gains during the year that you buy or
>will the fund attribute to you just for the portion of the year that you held
>shares?  (Either way could pose to be a double edged sword.)

You're responsible for the full year's gains.  Thus, if you buy a fund
shortly before it declares its distribution, you would receive a portion of
your investment back and then get taxed on that!

However, it's a double-edged sword, as you noted.  Just as you can get hit
with a tax for gains you never really got, you can also avoid a tax by
selling shares just before capital gains are distributed.

In both cases, you aren't really winning or losing anything.  For instance,
if you bought a fund the day before it distributed gains, and sold it the
day after, you would have a capital gain from the distribution, but a
capital loss from the reduction in the value of the fund shares, and they
would cancel each other out (actually, this isn't precisely true, since the
distribution could have a long-term CG component, while the loss is
short-term).
-- 
Barry Margolin
System Manager, Thinking Machines Corp.

barmar@think.com          {uunet,harvard}!think!barmar
Newsgroups: misc.invest
From: GCTHORNE@idbsu.idbsu.edu ("Broward "Grizzly" Horne")
Subject:      'Cause I'm a Bear
Date: Fri, 02 Oct 92 07:27:48 MST
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       For three years I fought my way along an economy littered with
  bankruptcies, leveraged buyouts and CDs.  All that was of value to
  me was in L.A.  By the time I reached that tiny, overpriced apartment,
  Charmanye ( and my belongings! ) were gone...

       The Summer Rally is fading as the year grows old
         And Darker Days are drawing near
       The P/Es will be much lower
         'Cause I'm a Bear

       I watch the jobs flow south on the evening news
         And one by one, they disappear
       I briefly thought of flowing with them
         'Cause I'm a Bear

       Like the IRS and it's thieves, you came to rob me
         Like an IBM employee, you blew away

       Through America's salad days, we used to pick our way
         You always loved this time of year
       Those fallen rates lie undisturbed now
         'Cause we're all Bears
            'Cause we're all Bears
               'Cause we're all Bears

       Fear suddenly leapt from speculator to speculator, the population
   panicked and sold.  America was swept along with them, aimless and
   lost with leadership.  Finally, I headed eastward towards Europe and
   my only hope of survival.  An investment, out of America...
Newsgroups: misc.invest
From: tnickles@boulder.Colorado.EDU (Tim Nickles)
Subject: Re: Ken Roberts and British American?
Organization: University of Colorado, Boulder
Date:  2 Oct 92 23:58:24 GMT

Dave-M@cup.portal.com (David Russell Mottern) writes:

>    I recently received in the mail an ad for a company called "British 
>    American". It was a booklet by a man named Ken Roberts and it described
>    his "Futures Trading Program" which he claims can turn hundreds of
>    dollars into thousands within months or even weeks. It seems to consist
>    of buying or selling futures at historical price extremes (assuming
>    these are aberations that will correct themselves) or according to
>    supposedly predictable seasonal fluctuations. You also use options to
>    cover your a** in case things don't go as planned. He wants $195 for
>    his book and three monthly bulletins. Does anyone know anything about
>    Ken Roberts or British American? Does this sound like a profitable
>    way to play the futures market? Couldn't a person do this on his own
>    with a little research and access to historical commodities data?
>    The big question I always have with this kind of thing is "if he 
>    knows how to make so much money, why does he have to sell a program?".
>    Any opinions?


Ken Roberts' operation is based on some very voodoo-ish strategies.
The sole indicator of when to buy/sell is what the graphs of past
pricing of the commodity in question "looks like".  He talks about
graphs having "head and shoulder" formations and such.  There is some
merit to some of the methods of reading pricing graphs but it seemed
a little too hokey for me to carry through with it.

have fun
tim

Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: Are we nearing another stock market crash?
Organization: Unocal Corporation
Date: Mon, 28 Sep 1992 03:56:55 GMT

Perhaps the market is seriously considering Clinton will win
and is adjusting for the uncertainty of his economic program.
Newsgroups: misc.invest