HDTenEightyP/NetNews huggingface dataset:
From: ci483@cleveland.Freenet.Edu (Babu Narasimhan)
Newsgroups: misc.invest
Subject: Leeb's Personal Finance & Personal Finance Fund
Date: 25 Jan 1993 19:35:33 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


I suppose many of you have some info on Steven Leeb's magazine
Personal Finance. They claim that they are ranked #1 by some
outfit which supposedly ranks investment newsletters. I
received a letter in the mail solicting a subscription
to this magazine and also for a No-load mutual fund
that Leeb manages called the "Personal Finance Fund". I wonder
if any of you that are familiar with either the magazine
of the fund have any coments that you can share. I do
appreciate your effort for taking the time to respond.

			Thanks.......Babu
Newsgroups: misc.invest
From: feldstei@silver.ucs.indiana.edu (Ronald F. Feldstein)
Newsgroups: misc.invest
Subject: Re: Another index fund question
Date: 27 Jan 93 01:35:35 GMT
Organization: Indiana University

In my experience, funds no not withhold taxes if the client provides a Social
Security number on the W-9 form.  Try calling the 800- number and ask about
this.
Newsgroups: misc.invest
From: Doug_Barlow@Novell.COM (Doug Barlow)
Subject: Anyone had experiences with E-Trade (discount broker)? 
Organization: Novell, Inc.
Distribution: usa
Date: Wed, 27 Jan 1993 16:59:18 GMT

I have been reading the FAQ for misc.invest and came across a list of discount
brokers and their commissions.  Having an account with Charles Schwab, I was
suprised to find out that they charged the highest commission 95% of the
given examples (verified by my commission schedule from Schwab)!

E-Trade, however, was the lowest 95% of the time ($0.015/share $35 min).  
I called them and they said that their prices are so low because of a 
very automated system they use.  They only have 2 full-time brokers 
employed so sometimes you might not be able to talk to a human- no 
problem for me.  That's why I use discount brokers.

Anyway, have any of you used E-Trade for stock transactions?  Any horror
stories?

Thanks for the info.

--------------------------------------------------------------------------
Doug Barlow                   Email: DOUG_BARLOW@NOVELL.COM
Novell, Inc.  Provo, UT
            The opinions expressed above are solely my own and
	    do not in any way represent the opinions of Novell, Inc.
--------------------------------------------------------------------------
Newsgroups: misc.invest
From: jhsu@ih-nxt03.cso.uiuc.edu (Jason Hsu)
Subject: Re: Merck
Organization: University of Illinois at Urbana
Distribution: usa
Date: Mon, 25 Jan 1993 23:21:19 GMT

In article <1993Jan25.141558.11807@cbnews.cb.att.com>  
lib@cbnews.cb.att.com (Lib) writes:
> >Are you sure you are talking about Merck ? Merck is no way a high flyer  
today
> 
> This is the same turkey that two weeks ago said Glaxo was white
> hot.

What are the price/book value ratios of Merck and Glaxo?  As a  
Graham-and-Dodd contrarian who looks for price/book ratios of 2/3 or less,  
I suspect that the price/book ratios of Merck and Glaxo would make my skin  
crawl.
Newsgroups: misc.invest
From: tnickles@boulder.Colorado.EDU (Tim Nickles)
Subject: Re: Commodities (was Re: Ken Roberts)
Organization: University of Colorado, Boulder
Distribution: na
Date: 22 Jan 93 01:09:05 GMT

suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:

>The book "Conversations with Market Wizards" has some interviews with
>professional commodity traders.  These people are the very best, and

>I recommend this book as being very interesting reading.  There are also
>interviews with stock people (Peter Lynch was one of them).

>What is truly astonishing is the dedication of the commodity traders.
>To call them workaholics is definitely an understatment :-)
>-- 

Actually there are two books:
Market wizards : interviews with top traders
and  The New Market wizards : interviews with top traders

Both by Jack Schwager, 1st is 1989 2nd is 1992

tim

Newsgroups: misc.invest
From: nataraja@rtsg.mot.com (Kumaravel Natarajan)
Subject: Janus Phone number?
Organization: Motorola Inc., Cellular Infrastructure Group
Distribution: usa
Date: Fri, 22 Jan 1993 17:11:50 GMT

Could someone please mail me (or post) the phone
number for Janus?  Thanks.

Vel

-- 
-------------------------------------------------------------------------
Vel Natarajan                    Motorola, Inc.
nataraja@rtsg.mot.com            Cellular Infrastructure Group
                                 Arlington Heights, IL
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: IBM Dividend -- Speculation, please!
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Distribution: na
Date: Sat, 23 Jan 1993 03:53:14 GMT

fajack@cc.usu.edu writes:

>In article <1993Jan22.162634.20563@ann-arbor.applicon.slb.com>, jackson@mailhost.aa.cad.slb.com (Jeff Jackson) writes:
>> 
>>     Well, IBM is scheduled to announce what it will do with its dividend
>>     next week (Jan. 26 is the actual date, I think).
>> 
>>     The stock price has been hovering around 46 1/2 for the last few
>>     days, but IBM option prices and open volume are way up.  Looks like
>>     a lot of people are "placing their bets."
>> 
>>     I'm going to stay away from the action myself but I'm interested to
>>     know what y'all think is going to happen.
>> 
>>         1) Will IBM cut its dividend?  If so, by how much?
>>         2) What effect will this action have on IBM share price?
>> 

This is a real guessing game. 

Reasons it could go down:

1. The dividend is cut, so institutional investors sell.

2. Dividend is cut, and program traders try to panic the public into selling
	(and succeeding).

3. IBM decides not to cut the dividend, and people feel this
   will put IBM into a worse financial situation.


Reasons it could go up:

1. All the shorts decide that now is a good time to cover their
   short, since there is no more bad news to be heard.

2. Everyone has already sold.

3. People have been waiting to buy IBM, but wanted to see 
   what would happen at the meeting and if they could get it
   at a better price.

4. IBM decides not to cut the dividend, so the institutions are
   relieved.

Newsgroups: misc.invest
From: tony2@prefect.cc.bellcore.com (gozdz,antoni s)
Subject: Re: Barron's MFund Quarterly Review?
Organization: Bellcore, Livingston, NJ
Distribution: usa
Date: Wed, 27 Jan 93 18:47:11 GMT

In article <C1Ir2x.DGL@fc.hp.com> sjb@fc.hp.com (Stuart Bobb) writes:
>
>I've been looking for the fourth quarter's mutual fund review in Barron's.
>Based on the time of month they published the third quarter's review, I would
>have expected it by now.
>
>Have I already missed it (if so, what issue?) or is it still coming?
>
>
>Stuart Bobb
>sjb@fc.hp.com

If I remeber correctly, last year they published it around Feb. 20.

Tony
tony2@cc.bellcore.com
Newsgroups: misc.invest
From: hrafn@gcm.com (Hrafn Loftsson)
Subject: Marsh Block & Co.
Organization: Greenwich Capital Markets, Inc.
X-Newsreader: Tin 1.1 PL5
Date: Tue, 26 Jan 1993 18:17:15 GMT


	Does anyone have experience doing business with Marsh Block & Co. (discount
	broker) 50 Broad Street, NY 10004 ?

	In their ads they say they're the lowest of the low.

	
	H. Loftsson.

-- 
Hrafn Loftsson                            |   Internet:	hrafn@gcm.com 
Programmer/Analyst                        |   Phone   :	(203) 625-2764 
Greenwich Capital Markets                 |   Fax     : (203) 629-9136 
600 Steamboat Road, Greenwich, CT  06830  |   Home    : (212) 316-0357
Newsgroups: misc.invest
From: bharding@crash.cts.com (Bill Harding)
Subject: Re: Waterhouse experience?
Organization: CTS Network Services (crash, ctsnet), El Cajon, CA
Date: 22 Jan 93 00:18:38 GMT

 I have been a Waterhouse customer for almost 2 years now and do prefer the Co.  I am also glad I bought some of their stock 2 years ago!


Bill
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Predictions
Organization: AT&T
Date: Tue, 26 Jan 1993 13:25:21 GMT
Keywords: Predictions

In article <1k2909INNmer@lynx.unm.edu> scc26mf@phobos.unm.edu (Mark Fleharty) writes:
>
>For those of you who want to know how my program works I will explain it in 
>moderate detail now.
>
>My program works by example.  It compares todays data with data from the past.
>If it finds data in the past that matches well based on volitility.  It then
>matches todays data with the data that preceedes the example data.  Thus it 
>comes up with a signal.

Let's see if I understand.
  
You look at recent trading data, find a time period
where the data looks similar, look at the data which PRECEEDS that
period and use that preceeding data to predict what will come AFTER
the current period. Not particularly intuitive but if it works
then great.
From: nicklaus@lonetree.physics.wisc.edu (Dennis Nicklaus)
Newsgroups: misc.invest
Subject: Re: The End of the Bull Market
Date: 26 Jan 93 20:37:26 GMT
Article-I.D.: pslu1.1993Jan26.203726.7063
Distribution: usa
Organization: High Energy Physics


|> Norbert Schlenker writes
|> > For years, I've been warning readers of this newsgroup that the party
     ^^^^^^^^^
|> > just couldn't keep going much longer.  I believe that I must be one of
                              ^^^^^^^^^^^

Just checking to see how many people caught this sentence!
Personally, I believe the general tone of this newsgroup has been proven
far too pessimistic over the last couple years.  Of course that crash
may still come! (And I do confess to being generally pessimistic about
the stock market direction right now.)
Dennis
Newsgroups: misc.invest
From: nfs@volkl (Norbert Schlenker)
Subject: Re: The End of the Bull Market
Originator: news@nimaster
Organization: Department of Computer Science, Princeton University
Date: Sat, 23 Jan 1993 02:27:09 GMT

In article <9301221907.AA02123@inet-gw-1.pa.dec.com> GCTHORNE@idbsu.idbsu.edu ("Broward "InfraCritic" Horne") writes:
>
>        Your portfolio has to "look like America".

That's why I bought the Ultra.  It's full of America.

>   We want to see at
>   least an equal number of DEC and Wang shares.

OK.  I bought DEC today.  I ain't buying Wang, I just ain't.

>        No backpeddling allowed.

Anyone know of companies that peddle backs?  Tyson for chicken
backs, IBP for steer backs.  Any public chiropractic outfits we
can short?

I am still waiting for the crucifixion.  I cannot believe that
I would buy IBM, publicize that fact, and the silly thing would
go up over $2 today.  Get with it, Mr. Market.  Knock that price
down!

;-)

Norbert
nfs@cs.princeton.edu


Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Merck
Organization: AT&T
Distribution: usa
Date: Mon, 25 Jan 1993 14:15:58 GMT

In article <1993Jan23.195901.21277@cbnewse.cb.att.com> chenl@cbnewse.cb.att.com (julian.l.chen) writes:
>jhsu@ih-nxt03.cso.uiuc.edu (Jason Hsu) wrote :
>>Shouldn't this raise one's skepticism?  Expectations are very high.  If  
>>earnings fall a few pennies short of analysts' expectations or if a bear  
>>market strikes, Merck will tank in spite of its excellent fundamentals.   
>>The stock market is not rational; just ask people who held the Nifty  
>>Fifty.  
>
>Are you sure you are talking about Merck ? Merck is no way a high flyer today

This is the same turkey that two weeks ago said Glaxo was white
hot.
Newsgroups: misc.invest
Subject: Janus Twenty
From: <LEWCU@CUNYVM.BITNET>
Date: Tuesday, 26 Jan 1993 02:50:40 EST
Organization: City University of New York/ University Computer Center

Can someone please post or e-mail me the holdings of the Janus
Twenty fund?  Thanks.
Posted-Date: Tue, 26 Jan 93 14:46:36 CST
Received-Date: Tue, 26 Jan 93 14:48:48 CST
Date: Tue, 26 Jan 93 14:46:36 CST
From: "Mansoor Ahmed" <mansoor@orion.ssdc.honeywell.com>
To: misc.invest
Subject: Re: Powersoft and Gupta Technologies
Newsgroups: misc.invest
Organization: mailEnteringNews at Honeywell SRC


I am interested in knowing about these companies too..
any infor would be appreciated.....

mansoor@ssdc.honeywell.com
From: david.cooper@pcohio.com (David Cooper) 
Newsgroups: misc.invest
Subject: Re: YOUR stock picks
Date: 26 Jan 93 19:57:00 GMT
Distribution: world
Organization: PC-OHIO BBS - Cleveland, OH - 216-381-3320
Reply-To: david.cooper@pcohio.com (David Cooper) 

To: lib@cbnews.cb.att.com (Lib)

L|In article <1993Jan22.163942.19832#spectrum.xerox.com> root@vinevalley.mc.xer
 |>
 |>       PLEASE  post your picks ... I doubt anyone will use them without
 |>their own investigation and I beleive I have found some interesting stocks w
 |>your assistance already. We aren't like the full time brockerages with resea
 |>teams that can watch every stock so this may help us all. Maybe a free flow 
 |>information and opinions is what we want.
 |>

I currently own and have been tracking Reliance Electric (Cleveland, Ohio),
ticker symbol REE on the NYSE.  Reliance had an IPO in May for $19/share.
During June/July timeframe, the stock dipped to 15 1/2 and has been rising
steadily ever since.  Today it opened at 22 1/2 and was at 22 3/4 when
I checked at about 3:30.

...d.cooper
---
 . OLX 3.01 
Newsgroups: misc.invest
From: bucknerb@bnr.ca (Brent Buckner)
Subject: Re: Covered Calls:  Less Risk - High Returns.
Organization: Bell-Northern Research, Ontario, Canada
Distribution: usa
Date: Fri, 22 Jan 1993 19:23:19 GMT

In article <1993Jan22.183018.10953@mobil.com> etpeters@dal.mobil.com (E. T. Peterson(Eric)) writes:
>(Arthur S. Kamlet) writes:
>|> However writing
>|> puts and shorting stock in combination presents about the highest
>|> of risks.
> 
>Also, the "covered put" situation (short the stock and short a put) is no
>more risky than the "covered call" situation, except for the following
>two points:
>
>1) stocks in general tend to rise rather than fall.
>2) a stock can only fall to zero but can go up forever.
>
>Consider a covered call position: long the stock at $40 and sell the $45 call
>Consider a covered put position:  short the stock at $40 and sell the $35 put
>
>A rise in the stock of say $10 for the long position has exactly the same
>effect as a drop in $10 has on the short position.  Same result applies to
>moves in the opposite direction. So why is the "covered put" the
>"highest of risks" while the covered call is "the lowest risk"?

You answered your own question with point 2.  There is an
unlimited downside risk in writing a put and shorting stock in
combination.

-- 
at Bell-Northern Research
voice:        (613) 765-2739
Canada Post:  P.O. Box 3511, Station C, Ottawa, Canada, K1Y 4H7
I do not claim that BNR holds these views.
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Act Now to Fight the Deficit
Date: 27 Jan 93 16:27:39 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

In article <C1HDGE.KD9@news.cso.uiuc.edu> jhsu@eng-nxt03.cso.uiuc.edu (Jason Hsu) writes:
>	Figgie is correct that the national debt is a major problem.   
>However, I agree with a Business Week book review that if Figgie's  
>apocalyptic prophecy fails to come true, deficit fighting may lose its  
>credibility.

If 1995 has come and our debt hasn't killed us, or it isn't
painfully obvious that it is going to shortly, then
Figgie and Gordon and Norbert and I and others are
wrong, and will be quite relieved.  If this hasn't happened
by 1995, then perhaps it won't matter if deficit fighting
loses credibility.  I myself don't see how interest on
the debt can approach much more than it is now without
starting to hurt much more than it is now.  But we'll see.
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Covered Calls:  Less Risk - High Returns.
Organization: TRW, INC.
Distribution: usa
Date: Mon, 25 Jan 1993 18:55:49 GMT

In article <1993Jan22.185124.20332@adobe.com> hamachi@adobe.com (Gordon Hamachi) writes:

>I once sold a covered call, and the call was exercised even though the
>stock price was a couple of points lower than the call price.  Why in
>the world would anyone pay more than the current market price for a
>stock?  I thought this was quite strange, and concluded that my broker
>must have bought my call.

Not true.  There isn't any way that I know of that you can "buy someone
else's call".  The calls are traded on an exchange very much like stocks
are traded.  There's no way you can buy a particular person's stock by
going through a brokerage house.

When a call option is exercised by its holder, someone who has sold a
call is selected at random to receive the exercise.  The is done by the
options clearing house, or something like that.  No one is selected by
the brokerage community.

As to why you were exercised, I can only guess.  Your view of the prices
might be accurate as to what the prices were at the time of the
exercise.  Also, there are situations where it is profitable to exercise
an option so as to receive a dividend from the underlying stock.

I, too, have been exercised when I didn't want to.  It was my own fault
as I could/should have bought back an option to close my position and
cut my losses.  The point is that you have to watch your option
positions closely, and when exercise becomes profitable, someone's
going to do just that.

>Merrill Lynch got a commission when selling me the call.  It got
>another commission when my stock was called away (in effect, sold by
>me).  It got yet another commission when I took the proceeds and
>invested it in another stock.  Of course, Merrill Lynch recommended
>that I sell the call in the first place.  This was nothing more than a
>sneaky way of churning my account.

Well, recommending that you sell a call may very have been a sound
investment strategy for your situation, temperment, investment
objectives, etc.  Or it may have been a blatant attempt to pry more
commission business out of you.  Or something inbetween.  Brokers do
have, unfortunately, a conflict of interest in that they can't make
money unless you trade.  Remember, you didn't *have* to sell the call.

>I don't have an account with Merrill Lynch any more.

When you've lost confidence, that's a good idea.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Superbowl and the Stock Market
Organization: AT&T
Date: Fri, 22 Jan 1993 18:47:23 GMT

In article <C19JAE.Iot@watserv1.uwaterloo.ca> dgorbet@rainbow.UWaterloo.ca (D.P.H. Gorbet) writes:
>In article <1jk2hiINN9uk@usenet.INS.CWRU.Edu> jxs18@po.CWRU.Edu (Jerry Sy)  
>writes:
>> 
>> Has anybody heard about the relation of the superbowl and the stock
>> market ?  I've heard about it sometime ago but don't remember much of
>> the details.  It goes something like if the AFC wins stocks go up,
>> (or is it the other way around) and said that year after year, it has
>> been accurate!
>> 
>It is mentioned in the book "A Random Walk Down Wall Street".  There is  
>also the women's skirt length - stock market relationship.
>
>The feeling in the book (and I agree) is that this is simply a correlation  
>and that there is no causal relationship at work here.  (i.e. don't put  
>your money on it.)

More to the point mayhap is whether after discovering a correlation one
can determine if there is any apparent reason for the correlation. In
the case of football many conclude there is no reason whereas in the
case of skirt lengths writers (most recently Bob Precter - sp??) have
decided expalined why there may be.
From: dow@everclear.berkeley.edu (Dow Research Account)
Newsgroups: misc.invest
Subject: Price Co. (OTC-PCLB) - Speculative Buy
Date: 22 Jan 1993 22:39:57 GMT
Organization: University of California, Berkeley
Distribution: world
NNTP-Posting-Host: everclear.berkeley.edu

			DOW RESEARCH GROUP

Price Co. (OTC-PCLB) - Speculative Buy

Business - Operates the Price Club cash and carry membership wholesale
	   outlets selling basic goods to businesses, selected retail
	   customers.  Has 94 outlets in U.S., 17 in Canada.

We recommend purchase of shares of Price Co. (PCLB) for aggressive accounts.
Recently there has been rumors circulating in the market about a possible
buyout of the company.

According to analysts at Montgomery Securities and Alex Brown & Sons, 
likely suitors are Wal-Mart Stores, Inc. (NYSE-WMT) and Kmart Corp. (NYSE-KM).
The rumored takeout price of Price Co. is about $70 a share - which wouldn't
be out of the question for the company.

We did a study comparing Price Co. to Costco Wholesale Corp. (OTC-COST)
and concluded that a $70 buyout price is extremely reasonable.  Here are 
the results of the study:

			Price Co. (PCLB)	Costco Wholesale Corp. (COST)
Stock price (1/21/93)	37 1/2			24 3/4
No. of warehouses	94			89
Market capitalization	$1.9B			$2.8B
Revenues (fiscal '92)	$7.3B			$6.5B
Net (fiscal '92)	$129M			$113M
P/E ratio		14.7			25.3
P/B ratio		2.2			3.5
Price/revenues ratio	0.25			0.42

From the study, we concluded that if Price Co. were to be given the same
valuation as Costco, it's stock price should be above $70 per share.  
And given the name recognition of Price Club, the company's stock should 
be given a higher valuation despite Costco's higher growth rates.

And lastly, we've concluded that for geographic reasons, it is not surprising
that Wal-Mart might be interested in buying Price Co.  A buyout of  Price Co. 
might be attractive to Wal-Mart because it would position Wal-Mart in some 
major West Coast markets.  Price Co. has a dominant market position in 
California and some East Coast markets.  Meanwhile, Wal-Mart's 243 Sam's 
Wholesale Clubs operates mainly in the Southeast and Southwest.  In the
membership warehouse business, it isn't inordinately difficult to integrate
an acquisition.  Furthermore, with a market capitalization of almost $70
billion, it would not be very difficult for Wal-Mart to absorb the
acquisition of Price Co. with a stock swap.




DISCLAIMER:  There is no guarantee that the information on which this article
             was based is correct.  There is no guarantee that the information
             in this article is correct.  Also, the companies where we work
             have nothing whatsoever to do with this newsletter.
             Any opinion expressed here are statements of our judgement as of
             the date of issue and are subject to change without notice.
From: bruce@zuhause.MN.ORG (Bruce Albrecht)
Newsgroups: misc.invest
Subject: Re:  IRA broker Needed
Distribution: world
Date: 26 Jan 93 22:17:20 CST
Organization: Society to Stamp Out Bogus Organizations

In article <1993Jan21.093932.17787@hemlock.cray.com> deh@cherry21.cray.com (Don Hankins) writes:
>
>In article <8190161@hpfcso.FC.HP.COM>, lgough@hpfcso.FC.HP.COM (Linda Gough) writes:
>> Can anyone recommend a discount broker that doesn't charge a fee for
>> managing an IRA?
>> 
>> Thanks
>
>
>Charles Schwab and Company does not charge for managing an IRA.

I believe they starting charging $18 or $24 last summer for managing IRA's.
Fidelity's ad in 1/27/93 Wall Street Journal says that Fidelity will waive
their fee if you make 2 trades per year, but I'm not sure if they're considered
a discount broker.
--
bruce@zuhause.mn.org
Youth is wasted on the young.

Newsgroups: misc.invest