HDTenEightyP/NetNews huggingface dataset:
From: timpson@acetek.enet.dec.com ()
Subject: Re: russian mutual funds
Reply-To: timpson@acetek.enet.dec.com ()
Organization: Digital Equipment Corporation
Date: Thu, 7 Jan 1993 21:30:16 GMT




|>
|>>Hi,
|>>   I haven't begun to invest.....I want to learn much more! But I do have
|>>a question:
|>>   If I believe that Russia will sort out it's problems and regain control
|>>of their economy, would there be a mutual fund that I could invest in that was
|>>largely composed of Russian stocks/bonds/etc?
|>>
|>>Brian Rieck
|>
|>This is the ultimate contrarian investment.  There's no stock exchange,
|>no banking system, no capital, no stable currency, no stable government.
|>Need I go on?
|>

There are mutual funds bassed on the East Europian businesses.  If these
business take off like some people feel they will then those mutual funds
stand to make an enormouse amount of money.  Like wise if the businesses
do not take off then they stand to lose an enormouse amount of money.


Steve

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        |                                                               |
        |  My atheism, like that of Spinoza, is true piety towards the  |
        |  universe and denies only gods fashioned by men in their own  |
        |  image to be servants of their human interests.               |
        |                                                               |
        |                                  -- George Santayana          |
        |                                                               |
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From: bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann)
Newsgroups: misc.invest
Subject: Short Squeeze on Federated Dept. Stores
Date: 11 Jan 93 14:27:34 EST
Organization: Logicon Technical Services, Inc.

	Federated Dept. Stores has one of the largets short positions around. 
However, the company is strong and is coming out of bankruptcy (due to
Campeau's takeover) ahead of schedule.

	Look for a short squeeze to boost Fedrated (FD-NYSE) to around
$25/share by March.  Strong sales may boost it even farther.  If sales growth
continues and Federated pays off debt early, a 3-year price of $45-50/share is
reasonable.

	Federated had same-store sales growth of 10% over the holidays.  Debt
is large due to the takeover, but they haven't had any problems with payments. 
Federated recently took over operation of their credit accounts, letting them
reap the benefits of charging consumers 22% interest while paying the bank 4%.

Brett
"The opinions and views expressed here are strictly my own and do not 
necessarily reflect the official position of either the U.S. Air Force 
or its contractors."  Buy at your own risk :).
Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: have to use tax 1040 form?
Organization: Tandem Computers Inc.,  Cupertino, CA
Distribution: usa
Date: Fri, 8 Jan 1993 02:18:24 GMT

In article <3JAN199311480186@csa2.lbl.gov>, schindler@csa2.lbl.gov (AARON SCHINDLER) writes:
> 
> In article <1hvmq9INN3ga@CASPER.NA.CS.YALE.EDU>, chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang) writes...
> 
> >The tax instructions say one needs to use form 1040 if one has capital gains.
> >I guess this includes capital gains from mutual funds. True?
> 
> True, unfortunately.

However, if your capital gains are only from capital gain distributions from funds
(as opposed to sales of fund shares), then you don't have to fill out the Schedule D
(there's a line one the front/income side of the 1040 for that).  Gotta find
some small solace at tax time...
-steve p.
Newsgroups: misc.invest
From: lwest@futserv.austin.ibm.com (Lynn West)
Subject: Re: load computed in performance?
Date: Thu, 7 Jan 1993 18:12:08 GMT
Distribution: usa
Organization: IBM Coporation - Advanced Workstations Division.

In article <1ihjv8INNhut@CASPER.NA.CS.YALE.EDU>,
chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang) writes:
> From: chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang)
> Subject: load computed in performance?
> Date: 7 Jan 93 15:58:32 GMT
> Organization: Yale University Computer Science Dept., New Haven, CT
06520-2158
> Lines: 17
> 
> 
> Seems that load is not computed into the performance figures. For example, in
> today's WSJ:
> 
> Fund			load	4th quarter performance
> Magellan		3%	5.25%
> Fidelity Denstiney I	8.98	7.11
> United: Income		8.5	7.55
> 
> S&P500			0	5.02
> 
> I don't think the 4th quarter performance takes into account of the 
> sales charge. If it is the case, then the figure is misleading.
> 
> What do you think?
> -- 
> --- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)


You are correct that the load is not included.  I disagree with your
conclusion that the figures are misleading: people only pay the load at
the time they purchase shares in the fund; then they participate in the
gains for the entire duration (years, perhaps) that they own the shares.
 Over a 10-year span, therefore, a 9% load becomes almost vanishingly
small relative to the potential gains.

I have not purchased mutual funds in years and the only ones I still own
were no-load so I have no personal bias in this matter.  I do have a
personal bias toward buying stocks instead of funds, but that's a
different subject.

Lynn West
From: geopi@cbnewsh.cb.att.com (george.p.cotsonas)
Newsgroups: misc.invest
Subject: Re: Contrarian trading (LTV lay?)
Date: 6 Jan 93 23:27:15 GMT
Distribution: usa
Organization: AT&T

In article <4250053@hpcc01.corp.hp.com>, lynch@hpcc01.corp.hp.com (Howard Lynch) writes:
> Anything out there now that fits or comes close?  I just scanned the 
> NYSE for 'vj' stocks.  The only interesting finds:
>      LTV  -  what does this company do?

I'm also interested in turnaround possibilities for LTV.
Saw their latest quarterly report recently,
but am not knowledgeable about them generally...
-- 
George P. Cotsonas
AT&T BL/CPL
att!hocpa!geopi
Newsgroups: misc.invest
From: gkirikos@epas.utoronto.ca (George Kirikos)
Subject: Re: What triggers a stop loss order?
Organization: University of Toronto - EPAS
Date: Wed, 6 Jan 1993 17:16:08 GMT

In article <1ievlcINNrk@usenet.INS.CWRU.Edu> schwartz@ces.cwru.edu (David G. Schwartz) writes:
>
>What triggers a stop loss order, an actual trade at
>or below the order price, or a bid-ask spread that
>hits the price?
>
>i.e. If I have an order to sell 100 shares of X at
>     $25 stop loss, and the bid-ask on X is 24-3/4
>     to 25-1/4, last trade 25-1/4;  should there be
>     an attempt made to fill the order?  Or will
>     an attempt be made only if a trade for X is
>     made at $25 or less.

The stop loss is triggered when a trade occurs at $25 or less. There's
something called a "Market if Touched" order (MIT), which I believe
would occur under the other situation you described (although I could
be wrong -- I've yet to see a good description of a MIT order).

+---------------------------------------------------------------------------+
| George Kirikos                   Internet: gkirikos@epas.utoronto.ca      |
| Toronto, Canada                 Telephone: (416) 537-1756                 |
+---------------------------------------------------------------------------+
Organization: University of Maine System
Date: Monday, 11 Jan 1993 14:02:45 EST
From: Cheryl Lynn Lavertu <LAVERTU@MAINE.MAINE.EDU>
Newsgroups: misc.invest
Subject: Capital Gains tax?

This doesn't exactly fall under the catagory "investment" but
I'd appreciate any info.  As part of a divorce settlement, my
husband will be "selling" his share of our house to me.  I
initiated the divorce and asked him if he would be willing to
let me have the title to the property.  My question is this:  would
the money I pay to him for this be considered capital gains for him?
I don't want him to end up paying a lot of tax on it, since he's
being very fair and cooperative and will need as much of the money
as possible to start his new life.
Newsgroups: misc.invest
From: ai428@yfn.ysu.edu (Daniel Schiffer)
Subject: black sholes
Reply-To: ai428@yfn.ysu.edu (Daniel Schiffer)
Organization: St. Elizabeth Hospital, Youngstown, OH
Date: Sat, 9 Jan 1993 17:37:33 GMT


Does anyone no a formula from which on can derive volitlity, for use in a Black Sholes, based upon a stock's beta?
From: pearson_steven@tandem.com (Steven R. Pearson)
Newsgroups: misc.invest
Subject: Re: Investment magazines also
Date: 8 Jan 93 02:30:11 GMT
Organization: Tandem Computers Inc.,  Cupertino, CA


 rsl01@kuhub.cc.ukans.edu writes:
 >Hello,
 >I have a question for you all.  I am an investment novice.  I would like
 >to subscribe to preferably one magazine.  And I don't know which one is
 >the best, if any.  I browsed through a list and found a few magazines such
 >as Business Week, Fortune, Personal Finance, Money, Wall Street Journal, ...
 >Can some of you tell me about something about some of these magazines?
 >Your comments/suggestions are appreciated.

Fortune, Business Week, The Economist - 
   Business-oriented and includes some specifically personal finance articles.

Money, Personal Finance - personal finance oriented.

Forbes - somewhere in between.

papers: Wall Street Journal, Investor's Business Daily, Barron's (weekly) -
  Lots of market data.  WSJ has less personal finance/investing stuff than
  the other two (Barron's and WSJ have same publisher, btw, Dow Jones).

I'd recommend Money or Personal Finance to start with.  If you start to feel
that you're not getting enough data/opinions, branch out later.  Some people
feel the need to monitor things on a daily (or more often) basis; others find
once or twice a year sufficient.

And of course, stay tuned to Usenet.  Any really BIG developments will probably
be the subject of repeated discussion here.

-steve p.  (opinions mine, no warranty)
Newsgroups: misc.invest
From: lestrade@Ra.MsState.Edu (John Patrick Lestrade)
Subject: Re: tax software
Organization: Mississippi State University
Date: Sun, 10 Jan 1993 23:07:47 GMT

I have used Turbo Tax for three consecutive yrs -- but I would love to
change.  I don't like it.  I hate the interface.  I have had a bug or
two bite me in the arse.  Anyone know of an alternative?
thanks
patrick
(for the pc)

--
John Patrick Lestrade        
cnesta::lestrade                       Let's try again in '96!
lestrade@ra.msstate.edu
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Newsgroups: misc.invest
Subject: Re: Investment magazines
Date: 5 Jan 93 16:23:19 GMT
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Originator: acheng@shalom.ncsa.uiuc.edu


In article <1992Dec31.042507.29502@ttinews.tti.com>, clark@soldev.tti.com (Ralph Clark) writes:
>
>To respond directly to the question of a novice, I think Money would be the
>most instructive for a beginner. Pay special attention to the solutions they
>offer to real example people. On the other hand, any advice on individual
>stock-picking in a monthly, wide-circulation magazine is going to be old, old 
>news when you get it.

Agree.  MONEY is good for beginners and "consumers investors".  It has
easy to follow articles in layman terms.  But you can't find really in
depth analysis there.  It has made some big flops.  E.g. the year end
issue of '91 recommended 20th Century Ultra.  Herds of investors rushed
into it that their toll free lines were jammed.  But it went down 20%
this year.  (It has recovered a bit by nov, but i think it still ended
up negative for year 92.)  Bear in mind, no one can predict the future
100%, else why should they bother to push pens instead making a kill in
market trading?  One column I dislike is the question answering by
Marilyn (sp?).  Her advice are naive and WRONG, my opinion.
Newsgroups: misc.invest
From: jchen@wind.bellcore.com (Jason Chen)
Subject: Re: How can I profit by investing $20?
Reply-To: jchen@ctt.bellcore.com
Organization: Bell Communications Research
Date: Thu, 7 Jan 93 17:08:53 GMT

In article <1993Jan7.031028.1533@walter.bellcore.com>, jchen@wind.bellcore.com (Jason Chen) writes:
|> 
|> 
|> Buy 20 lottery tickets. If you are lucky, you get rich. If you are not,
|> you helped to trim NY deficit. 
|> 
Sorry, forgot the smilie. Don't do that, unless your goal is to get rich
over night.

Seriously, although $20 will buy you 100 shares of $0.2 stock, commissions
will be more than $20. 

Buying an investment strategy book sounds good, but you still don't have
the capital to work with even you have the know-hows.

But don't be discouraged. It is a good basis for "accumulation." Find a
cridit union that would allow you to open an account with $10 minimum 
(forget about banks). Work hard to save more.  You will gave more options
when you have a few hunderd dollars.
From: fritz@fc.sde.hp.com (Gary Fritz)
Newsgroups: misc.invest
Subject: Re: Ken Roberts' Commod/Futures Course
Date: 12 Jan 1993 22:49:50 GMT
Organization: HP SESD, Fort Collins, CO
NNTP-Posting-Host: hpfcgf.sde.hp.com
X-Newsreader: TIN [version 1.1.4 PL6]

Geoff Fitch (gff%Rational.COM) wrote:
: Does anyone out there have experience with Ken Roberts' course on
: commodities futures trading? Any recommendations?

A friend of mine tried it about a year ago.  He said Ken's trades 
were "almost consistently losers".  Fortunately he only did paper trading, 
and never put any real money on the line -- "the only loss I had was 
the money I sent Ken Roberts."

Your mileage may vary.

Gary
Newsgroups: misc.invest
From: gast@oahu.cs.ucla.edu (David Gast)
Subject: Re: Article: 28340 of misc.invest
Organization: UCLA, Computer Science Department
Date: Wed, 6 Jan 93 19:25:34 GMT

In article <1992Dec26.172853.14557@odin.corp.sgi.com> toms@ymp.esd.sgi.com (Tom Stephenson) writes:

>The thing I think I would do in your place is to:
>	1. Open a 'normal' Schwabb account at the local Schwabb office.
>	2. Ask for the Mutual fund guide (they provide it free).
>	3. Spend a few hours on a weekend with the survey of the listed mutual
>	   funds and itemize the most important features. (Select the TYPE of
>	   fund you are intrested in).
>	4. Select a few funds that follow the investment strategy you have
>	   selected in step 3. (Growth, Bond funds etc)
>	5. Invest some volume of $$ based on the individual funds you select.
>	   (You may find some comfort in selecting funds that Schwabb offers
>	   with no load [commission] and provision for xfer to other funds
>	   with the same provision.)

Why open a Scwab account?  You can transfer money among mutual funds
yourself without having to pay Schwab any money.  Unless you believe
in your ability to time the market perfectly, a day one way or the
other is not going to make that much difference.  (And if you think you
can time the market perfectly, you should not be investing in mutual
funds.  BTW, I don't think you or anyone else can time the market perfectly).

Secondly, and more importantly, I would suggest that you read over the
account agreement very carefully.  Schwab reserves the right to do a lot
of things with your investments you may not like.

David

Newsgroups: misc.invest
From: jeff@ctaeng.com (Jeff Sherrard)
Subject: Re: Small-scale stock price manipulation?
Organization: CTA INC.
Date: Tue, 5 Jan 1993 17:57:41 GMT

In article <1993Jan04.053418.27547@rat.csc.calpoly.edu> rteasdal@polyslo.csc.calpoly.edu (Rusty) writes:
>
>	For some time now, I have been taking occasional notice
>of small outlying trades while watching the ticker roll. Usually 
>these trades are either above or below the current bid/ask range
>by a small percentage, and they are rarely more than a hundred-share
>round lot in size.
>
I would like to add the following questions to those knowledgable on the
net:

1)  How (and more importantly) who can anyone trade outside the bid/ask?
    Is this a type of trade that can occur only 'off-market' or only by
    the marketmakers in a particular stock or can any investor do it?

2)  How are they captured on the ticker?  Sounds like someone would have
    to handle both sides of the transaction in one way or another.....

Newsgroups: misc.invest
From: perry@lheavx.gsfc.nasa.gov (Brendan Perry)
Subject: opinions on fidelity mutual funds
Followup-To: misc.invest
Organization: NASA/Goddard Space Flight Center
Date: Fri, 8 Jan 1993 14:33:07 GMT

Greetings,

I have been involved with my company 401(k) program for 2 years and have 
half my monthly additions to it put into Fidelity Magellan and half into
Fidelity Growth and Income. Magellan seem to constantly have a - sign in
the value column the last several quarters. Now I'm getting literature
from Fidelity to invest in several mutual funds apart from my 401(k). 
I've had money accumulating in my savings account at 3.6% 8-( and am 
looking to do better. So, my question is, how does the Fidelity Disciplined
Equity Fund look? I'm young enough to take a few risks, and plan to
reinvest
my dividends for now, and keep some of my savings as a backup. Basically
I have about $5000 to play with. Any advise would be most appreciated.


Brendan
From: proto@hri.com (Rich Proto)
Newsgroups: misc.invest
Subject: Schwab Commissions
Date: 12 Jan 93 15:33:34 GMT
Reply-To: proto@hri.com
Organization: Horizon Research, Inc.


Could someone post (or e-mail) the formula for calculating Schwab
commissions. I'm only interested in calculating commisions on round
lots of stocks over $10 per share. Thanks.
From: barmar@think.com (Barry Margolin)
Newsgroups: misc.invest
Subject: Re: Insider trading laws.
Date: 6 Jan 1993 23:20:57 GMT
Organization: Thinking Machines Corporation, Cambridge MA, USA
Distribution: usa
NNTP-Posting-Host: telecaster.think.com

In article <6656@pdxgate.UUCP> chedley@rigel.cs.pdx.edu (Chedley A. Aouriri) writes:
>In article <1993Jan4.231740.29699@lgc.com> thiru@lgc.com (Thiru Bollam) writes:
>>
>>	I'm trying to find out if employees of the company, they are working
>>	for, are forbidden from selling/buying shares of the same company 
>>	during specified period every quarter? What type of employees are
>>	covered under insider trading laws?

The answer to the second question is that employees and officers with
"fiduciary responsibility" are covered by insider trading laws.  Ordinary
employees, and usually middle management, are not considered to be insiders.

>Insider trading laws do not prohibit anyone (including employees, 
>managers and officers of the company) from buying or selling stock 
>of any company.
>What is prohibited is the use of "insider information" or
>"not publicly available" information to buy or sell stock.

There are definitely regulations regarding insider trading, regardless of
the information it is based on.  Insider trades must be reported to the
SEC, and they're published.

I also have vague recollection of something like what the original poster
asked.  I think insiders may not be allowed to trade for some period before
the quarterly report is published, on the assumption that the insider can't
help but know what's in it (he presumably saw the drafts before they were
sent to the printer).

Non-insiders are also prohibited from trading based on inside information.
For instance, if I were to walk by our president's office and hear her say
something to one of our VP's that would be considered inside information, I
couldn't make a trade based on it (assuming we were publicly traded, which
we're not) until it was announced to the public.
-- 
Barry Margolin
System Manager, Thinking Machines Corp.

barmar@think.com          {uunet,harvard}!think!barmar
Newsgroups: misc.invest
From: temiraso@vela.acs.oakland.edu (thomas e mirasol)
Subject: Re: Quick and Current Ratios
Organization: Oakland University, Rochester MI.
Date: Tue, 12 Jan 1993 03:46:42 GMT

In article <1isbe0INNm61@hpsdlss3.sdd.hp.com> doug_d@sdd.hp.com (Doug DePrenger) writes:
>  I was perusing the fundamentals of a company when I came across two ratios
>Quick ratio and Current ratio. Does anyone know what they measure? What are
>the implications? Thanks.
>
>doug

These are two common types of liquidity ratios. Liquidity refers to a
firm's ability to meet it's short term obligations.

Current ratio = Current assets/current liab.

Current ratio indicates the amt of CA available  to meet the total of
current maturing obligations (listed under total liab).

Quick ratio = (Current Assets - inventories)/current liab.

Quick ratio is a more conservative indicator of liquidity because it
excludes inventory from current assets.    When a firm is in trouble, it
may have problems selling its inventory.  You consider inventory to be
the least liquid among current assets.

Hope this helps.
From: fierro@uts.amdahl.com (Doug Fierro)
Newsgroups: misc.invest
Subject: Re: A New Theory for Ups and Downs in the Marketplace
Date: 7 Jan 93 01:41:16 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

In article <1icr6nINN8p8@agate.berkeley.edu> markh@sag4.ssl.berkeley.edu (Mark Hurwitz) writes:
>
>Hello All-
>
>	I would like to take this opportunity to point out a novel theory
>which explains changes in the price of specific stocks, the market in general,
>European equities, and real estate.
>
>	If I buy it, it goes down.
>	If I don't or can't buy it, it goes up.
>
    ...

>	Perhaps I should start my own news letter....
>
>-Mark

  Mark, maybe I could be an editor for your newsletter!

  I started off with the mutual fund Investment Co. of America at the turn
of 1992, and it lost money for the first time in a long time- it was 
rated a top-10 performing mutual fund for the past 10 years or so before 
I bought into it.

  If that wasn't bad enough, I bought my own company stock outside of the 
purchase plan when I thought it was low and then it dumped almost 50% the 
next month and it is still well below book value.

  I wanted to get Apple when it was around 45 but I didn't have the money
'cause I already diverted funds to my initial stock purchase and now
Apple is going strong.  I'm sure if I bought any it would tank the next
week.  I was also looking at Cisco around Summer last year but had no
cash; since I didn't buy it it has gone up as well.

  So I'm 0-2 now and trying to pick a sleeper for '93; I'll be sure 
to let everyone on the net know what my next purchase ahead of time 
so they have time to sell it before it drops :-)

  Doug
-- 
                                                     Doug Fierro
                                      |\             UTS System Software
  O                         __________|_\______      CASE tools development
  \_.______________________| * * * * * * * * */      fierro@uts.amdahl.com
 __\____                   |=================/       (408)746-7102
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Newsgroups: misc.invest
From: jwood@advtech.uswest.com (Jim Wood)
Subject: SYBASE - BUY, SELL, or HOLD?
Organization: U S WEST Advanced Technologies
Date: Mon, 4 Jan 1993 17:39:33 GMT

Sybase (SYBS) on the OTC has run from ~20 to 49 in 1992.  Earnings expected
out in the next 3-weeks are projected at $.35 vs $.19 a year ago.  What's
the concensus on this stock now?


===================================================================
| James L. Wood          | Tel  : (206) 451-7502                  | 
| U S WEST Advanced Tech.| FAX  : (206) 453-3541                  |
| 450 100th Ave NE Rm 604| email: jwood@advtech.uswest.com        | 
| Bellevue, WA 98004     | "The more things change, the more they |
|                        |  remain insane!"                       |
===================================================================

Newsgroups: misc.invest