HDTenEightyP/NetNews huggingface dataset:
From: cjkuo@locus.com (Chengi Jimmy Kuo)
Subject: Re: more options question
Organization: Locus Computing Corporation, Los Angeles, California
Distribution: usa
Date: Tue, 14 Apr 1992 21:32:42 GMT

ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:

>In article <1992Apr14.045448.128406@locus.com> cjkuo@locus.com (Chengi Jimmy Kuo) writes:
>>john.ogilvie@canrem.com (john ogilvie) writes:
>>>> Assume that I buy  a call of MSFT April 130 and keep it until April 30, 1992
>>>> MSFT is only 120 and there is no market to sell my option even
>>>> with 1 bilionth of a dollar. Do I have an obligation to buy 100
>>>> shares of MSFT at 130?

>Minor point:  options expire the third Friday of the month.

>>>DK>No.  Options give you the right BUT not the obligation to purchase the
>>>DK>underlying security
>>>     If you let an option expire that is more than $1 in the money, you WILL
>>>     get exercised.  It HAPPENED TO ME!
>>
>>I don't know if you're confused or you're trying to confuse us.  The question
>>concerns BUYING the option.  You can only be exercised if you were the seller
>>of the option.  If you are the buyer of an option, *you* get to exercise.
>>The option is yours as to whether you choose to exercise.  You are BUYING
>>the OPTION.  In this case, the English words actually mean the same thing!

>Most brokers will automatically have you exercise any option you
>hold long on the last day, if above some price, $1 is reasonable,
>unless you specifically ask for another action, such as selling
>back the option itself.

>If you are buying options, you really shouldn't get down to the wire
>like that without having given specific instructions, anyway.
>I will make an assumption that no one in this newsgroup is a
>professional arbitrageur, which means you can almost always make out
>better in the short run by selling back the option than exercising
>it and then dumping the stock.  The commissions will hurt you, but
>help the friendly broker who will, in fact, exercise for you if left
>to their own choice.

>There's sense to this.  Let's say the option is $15 in the money;
>surely you would not want the option to expire worthless!!
>In fact, I wouldn't be surprised if the broker doesn't have a
>fiduciary duty to exercise rather than letting it expire worthless!

Ah.  Good point.  Except, as I have always given instructions to my broker 
(usually one week in advance just in case I can't get in touch with him in 
between), if they ever exercised FOR me without my instructions to do so, I 
should be able to very easily invalidate it.  Next question is "Why would 
you invalidate it?"  When the buy+sell commission is greater than the value.

One more thing about options.  It is possible (as I have been told by
my broker) though I don't know how, that you can decide to exercise on
Saturday.  This was important during the early 80s buyout crase or when
the Fed was specifically making announcements at 4:30PM on Fridays.

Jimmy Kuo
-- 
cjkuo@locus.com
"The correct answer to an either/or question is both!"
From: kumar@guava.ssc.gov (Kumar)
Newsgroups: misc.invest
Subject: Closed-end fund listings in WSJ
Date: 10 Apr 92 18:15:53 GMT
Article-I.D.: sunova.1992Apr10.181553.2302
Organization: SuperConducting Supercollider


On which day of the week does WSJ give the listing of Closed-end funds ?

thanks 
kumar
From: jprice@eecs.cs.pdx.edu (James Price)
Newsgroups: misc.invest
Subject: Re: Yeeee Hiiiiiiiii
Date: 12 Apr 92 17:22:29 GMT
Article-I.D.: pdxgate.5311
Distribution: usa
Organization: Portland State University, Portland, OR

In article <1992Apr12.021756.10058@bronze.ucs.indiana.edu> petri@venus.iucf.indiana.edu writes:
>In article <5304@pdxgate.UUCP>, jprice@eecs.cs.pdx.edu (James Price) writes...
>>rjc@cbnewsf.cb.att.com (robert.cook) writes:
>> 
>>>This market kind of reminds me of a movie (WWII) where they're dropping "THE
>>>BOMB" and the boomer won't be able to clear the area.  So Slim Pickens, I
>>>believe, rides the baby down. 
>> 
>>>Robert
>> 
>>  I believe the movie you are thinking of is _Dr. Strangelove, Or how i
>>learned to stop worrying and love the bomb_.
>> 
>>James
>
>     Nope; the movie you are thinking of is Fail Safe.
>
>Howard

  Wasnt it Henry Fonda who was in Fail-Safe? As I recall, from the book,
we nuked Moscow and then the Prez allowed the Russkies to nuke DC, as
a payback and in an attempt to make it a "limited" war. The movie had
this chilling effect whereas, when DC was nuked, the phone the Prez
was using "screamed" as it melted, verfiying to the Russians that DC was
really toast. 

  "Dr. Strangelove" had much more dark humour to it. Peter Sellers played
this bizzare ex-Nazi Presidential advisor, kind of a cross between the
inspector with the weird mechanical arm from "Frankensteins Ghost" and
one of the fun-loving camp commandants from "Hogan's Heroes". Slim Pickens
was the pilot of a plane that botched fail-safe and was interminably
on its way to dust a few Russian landmarks. The unforgettable scene
where he rides the missle down was sheer masterpiece, as was the end
scene (later cut) wherein there is a pie-throwing fight in the War Room.

but this has nothin whatsoever to do with investing....

ObInvest: Martin Marietta makes the bombs that keep us strong. If you buy that.

James
Net: jprice@jove.cs.pdx.edu       "Justice is incidental to law and order."
Globe: 45 31 25 N 122 40 30 W                          - J. Edgar Hoover
Unity not uniformity | NBC = GE   "Reading musses up my mind." - Henry Ford
From: jmess@pdx.csd.mot.com (John Messman)
Newsgroups: misc.invest
Subject: InteleCall
Keywords: new financial stmt?
Date: 8 Apr 92 01:28:34 GMT
Article-I.D.: pdxvme.1103
Distribution: usa
Organization: Motorola CSD, Beaverton, OR

I have a friend who has some major dealing with a company called Intele Call
(spelling ?).

He was told that they released some new financial data today and has
been unable to find out what it was. 

Can anyone give me an idea about what is going on now with the company?

Has there been any mention in any of the daily financial newspapers
about this?

Thank you in advance.
-- 
John Messman                          Motorola Inc., Commercial Systems Division
jmess@pdx.csd.mot.com                 . . . . tektronix!nosun!cvedc!mcspdx!jmess
Voice: (503) 643 6247                 . . . . uunet!apple!motcsd!mcspdx!jmess
Newsgroups: misc.invest
From: nfs@hart (Norbert Schlenker)
Subject: Re: MIPS and SGI price discrpency (correction)
Originator: news@ernie.Princeton.EDU
Organization: Princeton University, Dept. of Computer Science
Distribution: usa
Date: Fri, 17 Apr 1992 12:50:56 GMT

In article <1992Apr15.070438.22991@intrepid.com> gary@intrepid.intrepid.com (Gary Funck) writes:
>
>Thinking about this a little further, SGI's decision to merge
>effectively diluted its stock.  This lowered the price of each SGI
>share.  Can the SGI board take this action unilaterally?  I doubt it.

Oh yes they can.  Boards have pretty much carte blanche when it comes
to such things.  If they had to come to the shareholders every time
they wanted to buy something, even something as big as MIPS, life
would be pretty exasperating.

>Still, doesn't it seem likely that the board of directors was aware
>that there might be some resistance to its decision?  If that's true,
>then perhaps they felt the past quarter's results would support the
>stock dilution?  Again we ask why did SGI stock drop lower than expected?

Because SGI is buying a money losing company.  The figures you put
together in your post and which I have omitted indicate the merged
company would have pro forma income of about 10 cents last quarter,
with perhaps some major writeoffs to come after MIPS is absorbed.
That's a P/E of near 50 on trailing earnings for the new SGI, with a
price to book (you seem to think it's important -- I don't really see
it) that may expand remarkably once the writeoffs occur.  Who will buy
the stock at even the current price?  Not the value players, who have
never owned it.  Not the growth and momentum players, because the new
SGI is going to look like it has awful earnings comparisons.

SGI went from 30 to about 18 after the merger announcement.  If you
ask me, it's no surprise.

Norbert
nfs@cs.princeton.edu
From: nyp00@cd.amdahl.com (Nick Pang)
Newsgroups: misc.invest
Subject: Re: MRK (Merck) - Stock Split scheduled to happen ?
Date: 10 Apr 92 20:06:12 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

3-to-1 split May 22.

-- 
Nicholas Pang         nyp00@cd.amdahl.com       
Amdahl Corporation    nyp00@outs.ccc.amdahl.com 
Newsgroups: misc.invest
From: nenovd@susan.cs.rose-hulman.edu (Deyan N. Nenov)
Subject: Need foreign investment INFO...
Organization: Rose-Hulman Institute of Technology
Date: Mon, 13 Apr 1992 15:37:10 GMT

I have the following pressing problem:

I am a lega (greencarded) alien residing in the US
and would like to transfer X dollars from my European
account into the US to invest in a mutual fund or
to plainly place it in a savings account...

My question is: How much taxes do I pay in the first year?
Is the total sum taxed in year 1 or is it only the profit?
Also is there a limit on the sum that can be transfered?

D. Nenov



Newsgroups: misc.invest
From: cox@tachyon.unx.sas.com (Jim Cox)
Subject: Closed-End Fund Questions
Reply-To: cox@unx.sas.com
Organization: SAS Institute Inc. Cary NC
Date: Tue, 14 Apr 1992 19:55:11 GMT
Distribution: usa
Originator: cox@tachyon.unx.sas.com
X-Bytes: 1903

I was wondering if someone could help me with some questions I
have about closed-end funds (aka publicly traded funds).


1. Looking at the listing in Monday's Wall Street Journal, some funds
seem to be traded way over Net Asset Value and some way under.  For
example, Gemini II Capital's Stock Price is 12 3/4 but its net asset
value is $16.63 (or 23.33% below net asset value).  Gemini II Income's
Stock Price is 13 5/8 while its net asset value is only $9.52 (or 43.12%
above net asset value).  Am I missing something or shouldn't closed
end funds be trading very close to their net asset value?
Otherwise, why would anyone ever buy a fund way over its net asset value,
and why would anybody ever buy a regular mutual fund when they could get
one at almost a 25% discount?


2. Do you get prospecti for these funds the same way you do for open-ended
funds?  How do you obtain said prospecti (i.e. phone numbers for funds
do not appear to be as easy to obtain).


3. Will discount brokers trade in these funds?  Is it just like buying
regularly listed stocks?


4. Can you normally get automatic dividend reinvestment in these funds,
or must you always reinvest said dividends by broker?


--- Thanks for the assistance!


+-----------------------------------------------------+
| James A. Cox, PhD                AI Department      |
|                                  SAS Institute Inc. |
| cox@unx.sas.com                  SAS Campus Drive   |
| (919) 677-8000 x7963             Cary, NC 27513     |
+-----------------------------------------------------+

-- 

+-----------------------------------------------------+
| James A. Cox, PhD                AI Department      |
|                                  SAS Institute Inc. |
| cox@unx.sas.com                  SAS Campus Drive   |
| (919) 677-8000 x7963             Cary, NC 27513     |
+-----------------------------------------------------+
From: root@sickbay.austin.ibm.com
Newsgroups: misc.invest
Subject: QUOTREK(sp ?)
Date: 9 Apr 92 20:14:35 GMT
Organization: IBM, Austin


 Hi fellow investors/traders !
 Anyone with some useful info on quotrek (hand held jobber) for real
 time quotes ???
   - info about reception (radio): how good ???
   - quotes:  how reliable ?? FNN supplyed
 any info appreciated. P.S. I just bought one but not receiving data YET !
 P.S. II Sorry about my strong words concerning Waterhouse (It a discount
 firm !) but there are so many of them and what are THEY doing giving advice  
 anyway ...so keep you broker... they are all the same  :)

 Thanx in advance 
             
            Andras (the contractor/trader)
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA
Newsgroups: misc.invest
Date: Sat, 11 Apr 1992 11:06:09 -0400 
From: Joel Bloch <jb6k+@andrew.cmu.edu>
Subject: Re: So-called Experts and Timing ( Re: Time to invest in Japan Fund??)
	<1992Apr11.071021.17881@cs.umn.edu>
Distribution: na

Elaine went neutral last Tuesday or Wednesday, so the market went up the
next two days.
From: jp@faron.mitre.org (Jeffrey Picciotto)
Newsgroups: misc.invest
Subject: Re: 401K Vesting Question
Date: 15 Apr 92 22:14:11 GMT
Distribution: usa
Organization: Research Computer Facility, MITRE Corporation, Bedford, MA

> It's my understanding that to gain one year of vesting in a 401K there is a
> *federal law* that says that you have to be working for your employer on
> December 31st and have worked for at least 2000 hours for that employer
> during that year in order to be vested for that year.

This is false.  The Feds impose no such restriction.
Companies, I suspect, can impose just about any limitations they want.

--jeff
Newsgroups: misc.invest
From: met@cunyvms1.gc.cuny.edu
Subject: MUTUAL FUNDS
Reply-To: met@cunyvms1.gc.cuny.edu
Organization: Computer Center, CUNY Graduate School, New York NY 10036
Date: Wed, 8 Apr 1992 20:00:41 GMT

DOES ANYONE KNOW ANY PUBLICATION (JOURNALS/TAPES, ETC) WHICH
CONTAINS MUTUAL FUND DATA?
THANKS,
Newsgroups: misc.invest
From: cjkuo@locus.com (Chengi Jimmy Kuo)
Subject: Re: Program Trading
Keywords: program trading
Organization: Locus Computing Corporation, Los Angeles, California
Distribution: usa
Date: Tue, 07 Apr 1992 01:43:45 GMT

pao@wam.umd.edu (Nikos Strifas) writes:

>Net-Investors,

>Here's a quote from a service that I can't figure out what it means.
>"...Our computers are set for program buying at $1.50 & program selling
>at $0.10 ..."

>Any idea what it means? If the computer was set at program buying at
>let's say $1.75 & selling at $0.10 what's the difference?

I would guess that figures refer to "front month SP500 future" minus
SP500 cash.

If the difference is > 1.50 (there should not be dollar signs involved),
program buying kicks in.  If the difference is < .10 program selling kicks
in.

The numbers vary depending on what the interest rates are, how close to
expiration it is for the futures, and which firm you belong to (and thus
their calculation method).

Jimmy Kuo
-- 
cjkuo@locus.com
"The correct answer to an either/or question is both!"
From: liu7@server.uwindsor.ca (LIU  JOSEPH XUEFENG      )
Newsgroups: misc.invest
Subject: Joe's testing message
Keywords: Ignore it plesae
Date: 7 Apr 92 16:31:21 GMT
Distribution: na

Is this a test?


Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Let us bet on Monsieur Marty Zweig (Re: Stocks newsletter. Netletter!)
Organization: TRW, INC.
Date: Wed, 15 Apr 1992 16:15:04 GMT

In article <1992Apr14.211119.8283@cs.umn.edu> prabhak@cs.umn.edu (Satya Prabhakar) writes:
>
>I am firm believer of the random walk theory. I am not suggesting
>that every one should believe in it, but I feel that no investor
>is complete without at least browsing through the following book
>once.
>
>    A Random Walk Down Wall Street by Burton Malkiel
>    (W.W.Norton and Company)

I would suggest reading Marty Zweig's book, Winning on Wall Street.  Pay
careful attention to his market time model and the (back tested)
results.  It will be difficult to not believe that there are trends in
the markets that can be predicted.

-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: james@splinter.coe.northeastern.edu (James Jones)
Newsgroups: misc.invest
Subject: Re: MRK (Merck) - Stock Split scheduled to happen ?
Date: 10 Apr 92 19:55:49 GMT
Organization: Northeastern University
In-reply-to: sriram@cremona.Eng.Sun.COM's message of 10 Apr 92 17:53:53 GMT


Yes, Merck is going to split 3 for 1. The record date (the date
that you must be on record as owning the shares) is May 6, 1992.


--
-------------------------

James E. Jones, Jr.
College of Engineering
Northeastern University
Boston, Massachusetts 02115

internet: james@nueng.coe.northeastern.edu
BITnet:  james@nuhub
Phone: (617)437-4430

*** All comments made are my own,                 ***
*** they are not those of Northeastern University ***
Organization: Computing Technology Services, Michigan Technological Univ.
Date: Wednesday, 15 Apr 1992 11:21:33 EST
From: <ROSSI@MTUS5.BITNET>
Newsgroups: misc.invest
Subject: Re: more options question
Distribution: na

In article <1992Apr15.024529.13505@cbnewsk.cb.att.com>, lor@cbnewsk.cb.att.com
(edward.lor) says:
>collapses right off the gate? It's in-the-money when it's exercised,
>but way out-of-the-money at the next trading moment. Tough luck?
>                                                     ^^^^^^^^^

Uh, sell short on Friday?

   Steve
From: sriram@cremona.Eng.Sun.COM (Sriram Ramachandran)
Newsgroups: misc.invest
Subject: MRK (Merck) - Stock Split scheduled to happen ?
Date: 10 Apr 92 17:53:53 GMT
Article-I.D.: exodus.kublhhINNott
Organization: Sun Microsystems Inc., Mountain View, CA
NNTP-Posting-Host: cremona

Someone told me that Merck stock was about to be split ?
Is this true ? Can someone confirm ?

thanks,
sriram/.
From: gt1293c@prism.gatech.EDU (W. Scott Radeker, IV)
Newsgroups: misc.invest
Subject: Re: EuroDisney Stock
Date: 8 Apr 92 19:39:11 GMT
Organization: Georgia Institute of Technology

In article <52796@mimsy.umd.edu> cml@cs.umd.edu (Christopher Lott) writes:
>From what I know, US-Disney holds a controlling interest in Euro-Disney,
>so you can play the Euro park by holding the shares here.  Not certain of
>what percentage is held by US, I believe > 50%.
>
NO NO NO!!!!!  the percentage is just UNDER 50%, due to the Xenophobic
nature of France.  (it's against the law to own a majority interest in
a french company if you are not french).  

Still money from Euro Disney will eventually funnel it's way into
the Walt Disney Company corporate coffers.

Scott

-- 
/         ________   ________   /----------------------------------------\
|  |   | (___  |__)   | \  /    | Email: gt1293c@prism.gatech.edu        |
|  |_|_|_____) |  \  _|__\/__   | If I were a REAL signature virus, I'd  |
\-------------------------------/ copy MYSELF into your .signature file! /
From: joseph@emmax5crd.ge.com (joseph)
Newsgroups: misc.invest
Subject: Re: "Beyond Our Means" by Alfred Malabre
Keywords: national debt, living standards, future trends
Date: 15 Apr 92 21:13:16 GMT
Reply-To: joseph@c2a.crd.ge.com (joseph)
Distribution: usa
Organization: GE Research


In article <3346@gdls.UUCP>, mccabe@gdls.UUCP (Harold McCabe) writes:
>
>"Beyond Our Means" by Alfred Malabre was suggested reading by someone
>earlier on the net.  I bought this and read it.  It is very sobering, even
>on a subject (national debt) that normally provokes discouraging responses.
 [stuff deleted]
>
>If you think that something must give regarding the national debt, and if you
>are interested in investing or protecting what you have invested -- the book
>seems a good starting point.

  Another book that I would recommend is "Social Insecurity"
  by Dorcas Hardy.  Ms. Hardy was the Boss at the Social Security
  Administration for a period of three years during the Reagn years
 The book is co-authored with her father who is a financial advisor/
  book writer sort of person.

  Their projections regarding social security are pretty depressing.
  So read it on a day you want to feel sorry for yourself. (Unless
  you are a senior citizen in or close to retirement.)

  James Joseph
  joseph@c2a.crd.ge.com
Newsgroups: misc.invest
From: tushar@gill.uucp (Tushar Patel)
Subject: Re: Is IBM stock worth buying?
Organization: Gill & Co., L.P.
Date: Fri, 10 Apr 1992 19:33:40 GMT

In article <1992Apr7.043741.23152@morrow.stanford.edu> dow@nova2.stanford.edu (Keith Dow) writes:
>
>IBM will shrink more than a factor of ten between now and the
>end of the century.  
>

Why do people insist on making such hyperbolic statements without any
supporting evidence? Noting a book that is also filled with unsupported
statements is not evidence either.

IBM made a fundamental business shift from the typewriter business
to the computer business in the 50's-60's in an extremely successful
manner. There is no reason why they cannot do the same again.

IBM has excellent people all around - excellent in sales, excellent
in management, excellent in technical research and excellent in
service. Yes there are problems. But they are seriously trying to do
something about it which is more than can be said for most other large
American corporations in trouble. This leads me to believe that IBM
has at least as good a chance as any other troubled large American
company to pull this transformation off successfully.

However, I do not know about investing in it at this time simply because
I don't know how much lower the stock will go. It has been going down
steadily for a long time now.

Tushar Patel
tushar@gill.com
From: fod@elroy.jpl.nasa.gov (Frank O'Donnell)
Newsgroups: misc.invest
Subject: Zweig indicators/historical
Date: 9 Apr 92 02:25:49 GMT
Organization: Jet Propulsion Laboratory

Recently I've been reading Martin Zweig's "Winning on Wall
Street," which details a variety of indicators he uses to try to
anticipate what the market is doing.  In particular the chief
ones he suggests using are based on watching the prime rate, the
Fed's discount rate and reserve requirements, monthly reports of
consumer installment debt and the weekly close of the Value Line
Composite Index.

I understand well that not everyone agrees that this kind of
indicator-watching has merit, but as a beginning investor I'd
still like to experiment with keeping an eye on these to see how
they do.  However, to calculate Zweig's indicators it's necessary
to know not only what the above-mentioned statistics are doing
right now but also what they've been doing in the fairly recent
past. Zweig's book has tables showing each of these historically,
but the tables in my 1986 first edition from the public library
only go up to 1985.

I guess I can try to go to the library and look up back issues of
various publications to track down all these numbers, but before
I went ahead I thought I'd check to know if anyone knew any
better way of going about it. For example, maybe there's an
updated table of Zweig's indicators kicking around somewhere?  Or
an easier way to get to those data?  I've looked a little on
Compuserve but its financial services don't seem to track those
particular items (except for the prime), and I also tried logging
on to one of the Federal Reserve's regional BBS systems, but they
don't seem to have this kind of stuff there either.  (I know that
Zweig puts out a letter that might have some of this material,
but I'd prefer less expensive options if there are any.)  Thanks
for any ideas!

Frank
frank@jplpost.jpl.nasa.gov
From: mccrate@wdi.COM (mail account for Joe McCrate x2681)
Newsgroups: misc.invest
Subject: Re: Zweig indicators/historical
Date: 17 Apr 92 01:41:40 GMT
Organization: Western Digital - Imaging, Mtn. View, CA

In article <1992Apr9.182818.1744@pony.Ingres.COM>, elvira@Ingres.COM (Eric Elvira) writes:
 
> Go to your public business library! Every county has one (as far as I know).

Could you give a concrete example of a business library?

Newsgroups: misc.invest