HDTenEightyP/NetNews huggingface dataset:
From: declrckd@rtsg.mot.com (Dan J. Declerck)
Subject: Ford IPO of new type of stock
Organization: Motorola Inc., Cellular Infrastructure Group
Date: Fri, 9 Oct 1992 14:21:40 GMT

I heard that Ford Motor Company is issuing a new stock,
aimed at the small investor. I heard it was similar to 
a preferred type of offer.

Does anybody know anything else??

-Dan

-- 
=> Dan DeClerck                      |  EMAIL: dand%isdgsm@rtsg.mot.com   <=
=> Motorola Intl Subscriber Group    |                                    <=
=>                                   |  Phone: (708) 632-4486             <=
----------------------------------------------------------------------------
From: lwest@futserv.austin.ibm.com (Lynn West)
Newsgroups: misc.invest
Subject: Re: The cream of the garbage
Keywords: Short selling
Date: 9 Oct 92 18:31:11 GMT
Organization: IBM Coporation - Advanced Workstations Division.

> From: rbp@investor.pgh.pa.us (Bob Peirce #305)
> Subject: Re: The cream of the garbage
> Keywords: Short selling
> Date: 7 Oct 92 11:53:38 GMT
> Reply-To: rbp@investor.pgh.pa.us (Bob Peirce #305)
> Organization: Cookson, Peirce & Co., Pittsburgh, PA
> Lines: 28
> 
> >Recently, the publisher of a bearish newsletter screened out stocks 
> >with poor technicals and fundamentals, and came up with a list of stocks
> >that have
> >   -- an awful long-term trading chart
> >   -- a lousy short term trading pattern
> >   -- rapidly declining earnings or no earnings at all
> >   -- high debt/equity ratio
> >   -- poor relative strength
> >   -- weak industry group rating
> >
> >I added in my own shorting criteria to screen them out and find 
> >the cream of the crop. Below is the list of stocks I found. 
> >In my opinion, the price of these stocks should go down 
> >substantially at the next stock market hick-up. 
> 
> Actually, these criteria are more likely to lead to stocks which are
> beginning or well into a base.  As the saying goes, anything everybody
> knows isn't worth knowing, and everybody is sure going to know about
> any stocks with these criteria.
> 
> Usually, the stocks that go down the most in a bear market are the ones
> you would least expect.  The seem to have good earnings and sound
> fundamentals, but the bear market (or coming recession) expose them to
> surprises.
> -- 
> Bob Peirce, Pittsburgh, PA         rbp@investor.pgh.pa.us        
412-471-5320
> venetia@investor.pgh.pa.us [NeXT Mail] 
!uunet.uu.net!pitt!investor!rbp [UUCP]


For novice investors who follow this board, I recommend you read Bob's
reply twice.  It is an excellent comment on stocks to buy versus those
that are popular and that (seem to) have strong fundamentals and
history.  Pick 10 such stocks and "buy " them on paper.  Within a year,
one or two will have gone bust, three will be about where they were, and
five will be up.  Two will be up spectacularly.  Those two, perhaps up
sixfold, will offset the losses and result in a significant net gain for
the list as a whole.  Just try it.  Also try a list of 10 of the "best"
stocks.  In a year, this  list will probably be down 2-20% depending on
how the market is doing.  I have run this little experiment at least 20
times by now, with only two exceptions to these kinds of results.

Lynn West
From: rbp@investor.pgh.pa.us (Bob Peirce #305)
Newsgroups: misc.invest
Subject: Re: Inheritance exemption to be reduced to $200K??!!
Date: 7 Oct 92 11:47:49 GMT
Reply-To: rbp@investor.pgh.pa.us (Bob Peirce #305)
Distribution: usa
Organization: Cookson, Peirce & Co., Pittsburgh, PA

In article <1992Oct1.222231.25689@cbnewsh.cb.att.com> geopi@cbnewsh.cb.att.com (george.p.cotsonas) writes:
>In article <1992Sep25.151942.9246@microsoft.com>, philco@microsoft.com (Phillip Cooper) writes:
>> 
>> In any event, I surely hope you are not counting on any benefits from
>> the FICA you are now paying.  It won't be there when you retire. Period.
>
>Anybody ever sued the government about this abominable chicanery?
>
>I'm sick of this tax being masqueraded as "social security",

To the best of my knowledge nobody has ever claimed it WASN'T a tax.
Therefore, there has never been an obligation to pay it back.  It has
just been the "good faith" [fear] of our politicians that has kept it
from being added to the general pool of funds to be thrown down the
rathole.  Note that this good faith is beginning to slip with respect
to the "highway trust fund", another tax pool over which the pols are
salivating.
-- 
Bob Peirce, Pittsburgh, PA         rbp@investor.pgh.pa.us         412-471-5320
venetia@investor.pgh.pa.us [NeXT Mail]  !uunet.uu.net!pitt!investor!rbp [UUCP]
Xref: sparky misc.invest:12572 sci.econ:8103
From: aslt@acad2.alaska.edu
Newsgroups: misc.invest,sci.econ
Subject: Re: investing for November elections
Date: 14 Oct 92 00:57:34 GMT
Organization: University of Alaska

on a somewhat different tack, isn't there a rule of thumb about some
correlation between presidential elections and the directions of the DJI?

Also (probably an FAQ, but I forget) what is the Superbowl rule?


=========

In article <8190128@hpfcso.FC.HP.COM>, rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss) writes:
> In misc.invest, bakken@cs.arizona.edu (Dave Bakken) writes:
> 
>> This is one I like, because I think that a Clinton administration
>> will make our national debt go out of sight and I do wonder about
>> the banking surprise rumors.
> 
> These banking surprise rumors seem strange; banks that survived the initial
> real estate crash are raking in money from the high yield curve, bank profits
> have been going up.  It seems that if a troubled bank has made it this far, it
> would not die, but get better.
> 
> BDR
Newsgroups: misc.invest
From: skrenta@casbah.acns.nwu.edu (Rich Skrenta)
Subject: Re: Getting a merchant visa account
Organization: Northwestern University, Evanston, Illinois
Date: Mon, 12 Oct 1992 19:00:08 GMT

ed@odi.com (Ed Schwalenberg) writes:
>   Can anyone suggest banks which would be willing to deal
>   with a small business run out of the home?
> 
> Only crazy ones.  One of the all-time easiest paths to fraud is to set up
> a mail-order (or 800-number) business, take zillions of orders for Ginsu
> Knives at only $4.95 plus $99.95 for shipping and handling which will never
> be filled, and three weeks later (i.e., before the first customer has seen
> his credit-card bill) move on to a different address.

So if I were interested in fraud, it would be easier to get
a merchant Visa account?  :-)

I don't understand what the big deal is.  Require verification for all
purchases; require sufficient funds on deposit to cover chargebacks;
don't pay out the money until it has "cleared" with the customer.
Require these steps for new businesses for the first year until they
are proven trustworthy.

--
Rich Skrenta
From: GCTHORNE@idbsu.idbsu.edu (Broward Horne)
Newsgroups: misc.invest
Subject: The Big Boom
Date: 7 Oct 92 16:55:28 GMT
Article-I.D.: inet-gw-.9210071558.AA04529
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       I took a look at some estimates for Japan's bank bailout.

       I want to get *my* expression in the history books first.

       " The Great Depression " has already been used.  Besides,
       " The Big Boom " captures the care-free nonchalance of the Eighties.
Newsgroups: misc.invest
From: cthorne@magnus.acs.ohio-state.edu (Charles E Thorne)
Subject: Re: Investment Foreclosure - Can they take personal property too?
Keywords: Foreclosure.
Organization: The Ohio State University
Date: Mon, 12 Oct 1992 16:09:38 GMT

In article <ldj2ohINNnpu@news.bbn.com> rperry@bbn.com (Richard A. Perry) writes:

>Article posted for a friend.  Please reply directly to newsgroup
>as he doesn't have access.

>Investors,

>I have a question and I would like some feedback on.  I have a property
>(investment) in one state and I have another property (personal) in 
>another state.  The investment property has become a burden on me and I
>can no longer afford the negative.  The investment property is in my
>name only (mortgage & deed).  The personal property is in my wife's and I
>name.    My question is this:

>Can foreclosure of the investment property by the mortgage company give
>them the right to go after my personal property? 

Probably in most state's they can.  If there is a deficiency in one property
they can go after additional properties.

The good part is that most real estate lenders have different issues.  It is
to their advantage to not have the loss show on the books.  To give an
example:

	Say you purchase property for $100,000 and borrow $90,000.  Their
	appraisal will be at least $100,000.  Then you are in trouble and
	still owing $90,000, they foreclose.  Most states will require a
	new appraisal--which will probably also be $100,000, and then the
	sheriff will sell the property for at least 2/3 of the appraisal
	(i.e. $66,666.67).  If the property in fact sells for $67,000
	and you  still owe $90,000, they could receive a judgement against
	you for the $23,000 balance.

	Unfortunately (for them) if they allow the property to sell for
	$67,000, they immediately have a $23,000 loss on their books.
	This is even worse if they allow someone else to purchase the
	property (then their only recourse is to attach your property).
	If someone comes in above their opening bid, they will usually
	immediately jump to whatever you owe--i.e. approx. $90,000.  This
	doesn't cause them any cash outlay (except for the legal expenses)
	So they now own the property with a $90,000 investment.

	At this point, they can't attach your property, since they got their
	$90,000 back (the fact that the property may not be worth $90,000
	is now their problem).

	In the event that they buy the property for $67,000, they could try
	to collect the $23,000 from you, but they rarely do.

Newsgroups: misc.invest
From: mancus@carla.JSC.NASA.GOV (Keith Mancus/MDSSC)
Subject: Re: Cost-Benefit Analysis of Renting vs. Owning
Organization: nasa-jsc
Date: Fri, 16 Oct 1992 15:49:50 GMT

In article <MITCH.92Oct16092254@giesy.mitch.b17a.ingr.com>, mitch@giesy.mitch.b17a.ingr.com (Mitch Giesy) writes:
 
> I agree with earlier posts that buying a house is
> not necessarily a "good" investment. But this discussion compares two
> alternative approaches (owning and renting) to establishing a dwelling
> place for oneself - an essential, necessary, unavoidable, *lifelong*
> "expense". A person has to choose one or the other. Can anyone show me
> a person who has been a homeowner for, say, even half their working
> years, who cannot rent their home for substantially more than their
> mortgage payments? There probably are cases, but I have not seen any
> amongst my friends and family. (Midwest and Southeast US)
 
	This is an unfair comparison because real-estate prices have trended
steadily upward for many years.  Anyone old enough to have owned a home
for half his working life has almost certainly seen significant capital
appreciation.  But we are entering a period where this CANNOT be taken
for granted.  I'm expecting California prices, in particular, to come
crashing down.

-- 
 Keith Mancus    <mancus@sweetpea.jsc.nasa.gov>                         |
                 N5WVR                                                  |
  "If I owned Texas and I owned Hell, I'd rent out Texas and live       |
  in Hell." -General Sheridan                                           |
Newsgroups: misc.invest
From: greg@cherokee.b23b.ingr.com (Greg Moritz)
Subject: Re: Social Security is a Tax?
Reply-To: greg@cherokee.b23b.ingr.com (Greg Moritz)
Organization: Dazix, An Intergraph Company
Date: Fri, 16 Oct 1992 11:21:51 GMT

suhre@meltami.dsd.trw.com (Maurice Suhre) points out:

> The deductions show up as FICA on my payroll stub, not as a 
> "payroll tax". ... In short, SS is in fact a tax, but it is 
> concealed.  The Social Security Trust Fund is non-existant, 
> at least in the sense of a Trust.  The money was spent by the 
> government and what SS has is a bunch of IOUs.  Swell.

The tax is concealed in more ways than you state above.  Half of
the tax never shows up in your gross pay to later be deducted:

If you make $100 this week, you will have $7.65 deducted from your
pay for FICA.  However, your employer will also be paying $7.65 to
the Feds for a total 'take' of $15.30.  

Perhaps it would be better if the tax was shown on our paystubs like so:

Gross Pay                                $100.00
'Social Security' wage discount             7.65
                                          ------
Total cost to keep you employed           107.65
Less deductions:
     FICA                                 -15.30
     FIT   .....
From: smm1@troy.uucp (22142-michelson)
Newsgroups: misc.invest
Subject: Re: Closed Mutual Funds (Why?)
Date: 9 Oct 92 19:53:33 GMT
Organization: Bellcore, Livingston, NJ

In article <92276.075921JGROVER@MAINE.MAINE.EDU> JGROVER@MAINE.MAINE.EDU (John Grover) writes:
>I've been tracking some no-loads for sometime and doing a little research
>to pick a fund to transfer some assets to. (Currently in Templeton which
>I've not been happy with.) I finally decided on several with Mutual Shares
>one of the favorites. However, when I called for a prospectus they told
>me the fund was closed to new investors. Why is this done?
>
>Followup: They said Mutual Beacon is open and has the same objective
>as Mutual Shares. I've not looked at this one much, any opinions?
>

I think it's very similar (like, almost identical) in performance. 


_______________________________________________________________________________
Steve Michelson                |   Paying tolls is like throwing money out
Bell Communications Research   |   the window.
smm1@troy.cc.bellcore.com      |   
Newsgroups: misc.invest
From: sbale@netcom.com (Swamy S. Bale)
Subject: Re: investing books
Keywords: for novices
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 
Distribution: usa
Date: Tue, 13 Oct 1992 19:20:26 GMT

In article <7265@tekig7.PEN.TEK.COM> rbeville@tekig5.pen.tek.com (Robert E Beville) writes:
>
>
>	I intended to do this a long time ago to help some of you novice
>	investors.  It is part of my finance library/collection.  It could
>	save a lot of low level net traffic. 
>	I'll append to this list another time.  To get
>	these books, LOG OFF NOW and go to the nearest GOODWILL thrift
>	store, Salvation Army store,  used book shop, thrift shops, paperback
>	exchange, etc.  They MAY seem stale to you
>	but they are rich in good old fundamental material.  Later dudes...
>
>	George S. Clason  THE RICHEST MAN IN BABYLON       Bantam
>	Sylvia Porter     NEW MONEY BOOK FOR THE 80S       Avon
>	Louis Engel       HOW TO BUY STOCKS                Bantam
>	Venita Van Caspel MONEY DYNAMICS FOR THE 1980S     Reston
>	Charles Schwab    HOW TO BE YOUR OWN STOCKBROKER   Macmillan
>	Burton Crane      THE SOPHICATED INVESTOR          Simon&S
>	Norman G. Fosback STOCK MARKET LOGIC               In. for Ec. Res.
>	C. Colburn Hardy  THE FACT$ OF LIFE                amacom
>	Gerald M. Loeb    THE BATTLE FOR INVESTMENT SURVIVAL  Simon&Schuster
>	L Louis Rukeyser  HOW TO MAKE MONEY IN THE STOCK MKT  DoubledayDolphin 
>	Burton G. Malkiel A RANDOM WALK DOWN WALL STREET   Norton
>	Benjamin Graham   THE INTELLIGENT INVESTOR         Harper&Bros
>	John A. Straley   WHAT ABOUT MUTUAL FUNDS          Harper&Row
>	Claude Rosenberg  STOCK MARKET PRIMER              World Pub Co
>	William Donoghue  NO-LOAD MUTUAL FUND GUIDE        Harper&Row
>
>	that's -OWARI- from GLOWWORM-7-9-4
>	best regards, rbeville@tekig5.PEN.TEK.COM
>	Bob Beville, Tektronix, Inc., Beaverton, OR 97077



I recommend " How I made two million dollars" written by Nicholas Darwa
and a book by William O'Neal of Investors Business Daily. I don't know
the title of the book.

Swamy
From: ywang1@husc8.harvard.edu (Yongkang Wang)
Newsgroups: misc.invest
Subject: Help Wanted!
Date: 16 Oct 92 16:54:01 GMT
Article-I.D.: husc3.1992Oct16.125402.16447
Distribution: usa
Organization: Harvard University Science Center

Hi,

I would like to contact a number of economists at the following institution for
academic reason. Does anyone know the domain name of the insTitutions:
 
   the Federal Reserve System, Washington, DC
   the Federal Reserve Bank of Minnesota,   
 
If you do, please email me. Thanks.

ywang1@husc8.harvard.edu
From: johna@psdcae1.gvg.tek.com (John Abt)
Newsgroups: misc.invest
Subject: Re: The end of media generated recession is close.
Date: 7 Oct 92 05:44:13 GMT
Organization: Grass Valley Group, Grass Valley, CA

In article <23339@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
>Sheesh!  Consumer confidence indices are very low when you compare
>to them other periods of the same amount of unemployment, etc., and
>this is because the media has been crying that the sky is falling
>for about a year now. Many people out there actually think that
>unemployment is 15%, 

In Ca, maybe it is. There's so much book-cooking on the federal stats,
I don't see how anybody can believe them. (E.g., not counting people
who have given-up looking for a job; counting as employed layed-off
workers who have taken minimum wage jobs in lieu of a real job.)

>and things are as bad or worse than they were under Carter. 

You're suggesting that they're not????  

BTW, on the "liberal" media: in the past 2 elections, 80% of
the newspapers have endorsed the Republican presidental ticket.
Oh, and doesn't Rush Limbaugh, that cultural elitist, have
the largest radio audience?


John Abt

If the lowest mortgage rates in 20 years don't spur housing
starts, what the hell is a 1% tax cut going to do??
From: federkin@rtsg.mot.com (John Federkins)
Subject: Re: mini-crash in the wallstreet
Organization: Motorola Inc., Cellular Infrastructure Group
Distribution: usa
Date: Wed, 7 Oct 1992 13:44:33 GMT

jeffh@pisces.sps.mot.com (Jeff Heilner) writes:
>In article <federkin.718316798@guppie19> federkin@rtsg.mot.com (John  
>Federkins) writes:
>> rravi@cbnewsj.cb.att.com (ramesh.ravi) writes:
>> 
>> >Dow is down about 100 points at 11:15 AM. 
>> 
>> The DJIA closed today (Monday) at 3119, down 81 points.
>Huh?  My paper said it close down less than 30 points...did I miss  
>something???

Nope.  I think my broker did.  Their recorded message had the
DJIA closing at 3119, when it should've been 3179.  Probably
just sloppy hand writing.  Sorry -
JF 

-- 
------------------------------------------------------------------------
   "The sooner you fall behind, the more time you have to catch up!"
John Federkins				Cellular Infrastructure Division
Motorola, Inc.				Arlington Heights, IL
From: GCTHORNE@idbsu.idbsu.edu ("Broward "Ravitista" Horne")
Newsgroups: misc.invest
Subject: That old Raving Ravi Batra
Date: 8 Oct 92 20:44:36 GMT
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        " At this point Japan seems to be in the same position that
       the United States was in the 1920s.  At that time the United
       States enjoyed a huge trade surplus and was rapidly overtaking
       Britain as the international financial power.  Now Japan, with
       its more than $80 billion surplus per year, is threatening to
       surpass the United States.  It is already lending huge sums to
       the world.  Moreover, the stock market in Tokyo is currently
       caught in a greater frenzy than the one in New York.  In fact,
       it is very ominous that the speculative bubble is now building
       up all over the world.

            When the bubble bursts, beginning perhaps in Japan, the pain
       could be far more excruciating than ever before. "

        - The Great Depression of 1990

             There's also stuff about rapidly sinking interest rates
        during 1990, likely government (attempted) expansion of the
        money supply, inexplicable lower demand in spite of low rates,
        rapidly decreasing real estate values, diminished demand for
        luxury goods, etc.

              From glancing through it again, after six months, I find
        it even more believable.
From: davida@bonnie.ics.uci.edu (David A. Andersen)
Subject: Re: DRIP's
Newsgroups: misc.invest
Reply-To: davida@ics.uci.edu (David A. Andersen)
Organization: Univ. of Calif., Irvine, Info. & Computer Sci. Dept.
Date: 11 Oct 92 02:08:15 GMT

In article <Oct.10.16.27.47.1992.3814@living.rutgers.edu> nmodi@living.rutgers.edu (Nirav Modi) writes:

>
>>There was also a recent article in USA Today about direct investing
>>of companies.  I'll see about pulling it if people want it.
>
>>David Andersen
>>UC Irvine
>Hi
>	Can you put it on the newsgroup or mail it to me at
>	nmodi@klinzhai.rutgers.edu


The above mentioned article was actually in the LA Times (oops), and
has been posted to the newsgroup.  There is also a reader named Doug
who works at HP in San Diego who is coming up with a pseudo-FAQ for
DRIPs.  Next time it is posted, the article will be included.

David Andersen


Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA
Newsgroups: misc.invest
Date: Mon, 12 Oct 1992 14:05:26 -0400 
From: Joel Bloch <jb6k+@andrew.cmu.edu>
Subject: Re: Zweig "Super Model" signal

In defense of Zweig, I think he feels that it is impossible to predict
long-term market trends; that you should be responding to what the
market is actually doing and not what you think the market may do in
future. As far as getting stopped out, he feels that the key to market
is to maintain a discipline so that if your stocks are going down, you
should get out at a set price regardless of what the market is doing or
what you may think the stock will eventually do. There are always other
stocks and he will add new stocks if he feels the market warrants it.
The point is to discipline yourself not to fall in love with a stock.
Newsgroups: misc.invest
From: spot@opus.optron.ingr.com (Scott Wood)
Subject: Re: Trading stock on political candidates
Organization: Optronics, An Intergraph Div., Chelmsford, MA
Date: Fri, 9 Oct 1992 21:59:34 GMT

eas@ll.mit.edu (Eric Swanson) writes:


>On NPR this morning trading stocks on political candidates over the internet
>was discussed.  I believe it is centered at the university of iowa.  If you 
>have information on how to access this service please email it to me at

>eas@ll.mit.edu

Yeah, where is this happening?  I haven't heard a word about it on the net.
-Scott	spot@clank.optron.ingr.com

-- 

*******************************************************************************
Scott Wood  /  Systems Support                    o   o
Optronics 	                                 ( ) ( -  We sing, we dance,
Newsgroups: misc.invest
From: cfwpm@ux1.cts.eiu.edu (Bill McGown)
Subject: Price of Exchange seat Data?
Date: Sun, 11 Oct 1992 00:21:11 GMT
Organization: Eastern Illinois University

The following came across my screen just recently and I was wondering
if there is a historical database that might contain info on the price
of NYSE seats for the last year or two.

If not a database could you suggest a printed source that might have
these data in it.

Many thanks..


**************************************

	NEW YORK (UPI) -- The New York Stock Exchange said Friday a seat was
sold on the exchange for $450,000, down $10,000 from the last sale on
Sept. 30.
	The exchange said the current bid for an exchange seat is $425,000,
while the offering price is $500,000.


-- 
**************************************************************
W. P. (Bill) McGown                     Eastern Ill. Univ
cfwpm@ux1.cts.eiu.edu                   Psychology Department
                                        Charleston, Il. 61920