HDTenEightyP/NetNews huggingface dataset:
From: dgorbet@warp.UWaterloo.ca (D.P.H. Gorbet)
Subject: Re: Looking for a discount broker for Canadian stocks
Organization: University of Waterloo
Date: Tue, 26 Jan 1993 03:55:41 GMT

In article <1993Jan25.023813.8471@cs.sfu.ca> mcdonald@cs.sfu.ca (Ken  
Mcdonald) writes:
> 
> Those who wish a Canadian discount broker may want to take a look at  
Green
> Line, with offices in most major and (I think) severnal not so majore
> Canadian cities.  I think Green Line is a little more expensive than the
> cheapest discount brokers (though still far below the price of a full-
> service broker), but you also know you are dealing with a trustworthy
> firm--they are an affiliate (subsidiary?) of the Toronto Dominion Bank,
> one of the Big Six Cdn. banks.

In fact, I think most of the major banks here in Canada offer discount  
brokerage services.  I know the Royal Bank (Canada's largest bank) does.   
It's called Action Direct.

Hope that helps,
-- Dave

(Still waiting for some cool HP-48SX programs for tracking stock prices)
Newsgroups: misc.invest
From: ssimmons@convex.com (Steve Simmons)
Subject: >>>> Akers removal from IBM
Date: Wed, 27 Jan 1993 20:00:09 GMT
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.


>What is the significance in the removal of Akers as IBM's CEO?
>Is this just a symbolic action -- signifying to shareholders that IBM is really 
>committed to change?
>For just how much of IBM's reluctance to modify do _you_ believe Akers was
>responsible?
>What effect do _you_ forsee this having on investor confidence and share price?
>I feel that in a way IBM is firing the coach after a really tough season.  It 
>may not be entirely his fault, but someone has got to be blamed and "punished."
 
Don't feel so bad for Akers... He was more the problem than the scapegoat. 
As manager, they screwed up so many of their new product lines that it was 
pitiful.... Here's a small list... 

	- ROLM
	- PS/2 and OS/2 never dominated the market like the original PC. 
	- Software on the mainframes never competed with that on the PCs
	  eventhough the price was 50X more. 
	
Akers could have prevented the situation... However, he had no technological 
dream about the company and so there were no products delivered.

This is a simple story about people who would not face reality about their
set of products.   Akers probably stepped on many people in order to get 
to his position.  He made a lot of money at his job.... 

Feel sorry for the people who worked for him and were laid off because 
of his decisions. 

Thank you. 

						Steve Simmons


Newsgroups: misc.invest
From: Dave Dodson <dodson@convex.COM>
Subject: Re: Telecommunications Mutuals?
Originator: dodson@bach.convex.com
Date: Thu, 28 Jan 1993 22:24:00 GMT
Reply-To: dodson@convex.COM (Dave Dodson)
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.

In article <1993Jan28.084420.10509@hemlock.cray.com> n3884@cray.com writes:
>
>---
>Does anyone have any mutual fund names for funds dedicated exclusively
>to the global or domestic telecommunications industry?  No load is, as
>always, preferable.

I believe Fidelity has two sector funds focusing on the telecommunications
industry.  I can't say if they are domestic only or worldwide.  I think
they are called Fidelity Select Telecommunications and Fidelity Select
Emerging Telecommunications.  2% load, 1% redemption fee if I remember
correctly.  You might inquire about the expense ratio.  1-800-544-8888.

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
From: chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang)
Newsgroups: misc.invest
Subject: Visa Card auto-payment
Date: 26 Jan 1993 13:31:01 -0500
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158
Distribution: usa
NNTP-Posting-Host: na-gw.cs.yale.edu


Any one knows a Visa/MC that has automatic payment linking to checking 
accounts? The card should not charge annual fee either. 
(Discover has auto-payment, but it isn't Visa)
-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
Newsgroups: misc.invest,news.answers
From: austin@eecom.gatech.edu (Mark D. Austin)
Subject: Quicken vs. Manage your Money
Organization: Computer Engineering Group, Georgia Tech, Atlanta, GA 30332-0250
Date: Fri, 22 Jan 1993 17:37:52 GMT


Greetings,

I was wondering if someone could suggest which package would be 
better for home finances, including tracking my investments,
check writing etc. 

Have heard good things about both. Thanks in advance.

Mark Austin


-- 
-----------------------------------------------------------------
		   Georgia Institute of Technology
      School of Electrical Engineering, Atlanta, GA  30332-0250
		    E-MAIL: austin@eecom.gatech.edu
			PHONE: (404) 853-9370
Newsgroups: misc.invest
From: hal@pollux.cs.uga.edu (Hal N. Brooks)
Subject: volume/price just prior to earnings report (esp., w.r.t. SUNW)
Originator: hal@pollux
Organization: University of Georgia, Athens
Date: Mon, 25 Jan 1993 04:56:20 GMT


Sun went up 2-7/8 ( ~ 7%) Thursday and Friday, on moderate
and heavy volumes, respectively.  Earnings are to be
reported after the close on Wednesday (according to the 
QUOTEWEEKLY post, which I also appreciated).

In general, does one dare make any assumptions about what's
likely to be reported (earnings wise) based on movement just
prior to the official release of this data?  Not that I would
suggest insider trading *ever* occurs, but I want to believe
that stock goes up prior to quarterly reports for a reason, and
that reason is that the report is going to be good (or at least OK).

Conversely, if one finds stock inching downward just before an earnings
report is to be released, should one take it as a sign that the big boys
know that the news is going to be less palatable?

=============================================================================
 Hal N. Brooks     Voice: (706) 546-7792     Internet: hal@pollux.cs.uga.edu
=============================================================================
Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: Index funds
Organization: Tandem Computers Inc.,  Cupertino, CA
Date: Fri, 22 Jan 1993 02:52:01 GMT

In article <1993Jan19.160944.27432@bnr.ca>, bucknerb@bnr.ca (Brent Buckner) writes:
> 
> >In article <1993Jan18.173918.26154@clipper.ingr.com> greeven@clipper.ingr.com (John Greeven) writes:
> >
> >So, could someone please offer some NEGATIVE comments about the types
> >of indexed funds?
> 
> When the broad market is going nowhere, index funds don't make money.
> A non-index fund could use averaging techniques to make money
> through the volatility of the underlying shares.

Please explain how a fund could gain advantage by averaging without risking
underperformance by holding too much cash.  (Not to mention running up
higher expenses than an index fund by trading a lot.)  If you mean the kind
of averaging that happens automatically when a growing fund attracts more
money, then the index fund gets those benefits as well.

It seems to me that the real answer is that professional stock pickers can
sometimes outperform the market.  Of course, not only do they have to
pick good stocks, but you have to pick a good manager (and/or both of you
have to get lucky).

Question:  If anybody (eg. you or I) can consistently pick outperforming mutual
funds, then must there be an ineffiency in the system?

Here are a couple possible answers:
(a) Yes, there is an inefficiency, it's all those financial planners and brokers who
have other goals than recommending the best funds to their clients.
(b) The premise is invalid; you and I can't consistently pick outperforming
mutual funds.

The average stock fund underperforms the market and the index funds over the
long haul.  But if you can just manage to pick funds that are a little above
average...

Oh, btw, 1991 was one of those years when the average fund beat the market
(where market = S&P 500).  I don't remember hearing a final result for 92,
but I believe it was close.  So to the person quoting Fidelity's results for those
two years, I'd be much more interested in seeing the results over, say, 10 years.

-steve p.  (opinions mine, no warranty)
From: al037@cleveland.Freenet.Edu (Dave Polewka)
Newsgroups: misc.invest
Subject: Re: Wang B stock
Date: 28 Jan 1993 05:01:49 GMT
Organization: Case Western Reserve University, Cleveland, OH (USA)
Reply-To: al037@cleveland.Freenet.Edu (Dave Polewka)
NNTP-Posting-Host: slc4.ins.cwru.edu


In a previous article, kimf@amaryllis.EBay.Sun.COM (Kim Foster) says:

>I would like to hear the your opinion about WANG B stock.  The stock
>used to be as low as $.25 a share.  For last couple days, it
>certainly shoot up to over $1.00 with a heavy trading.  The stock
>also has $.16 a share divident.  Wouldn't this stock be a good
>buy even at $1.00 a share now?  Does Wang B actually send the
>shareholders divident check even after they filed Chapter 11? 

I thought about buying WANB last year, because I've been
programming in COBOL on the Wang VS since I got out of school.
Then a co-worker said Wang has the rights to the SIMMS chip,
so I bought 500 shares @ 7/16 = $218.75.  When I got my statement
and saw the commission ($38), I decided to buy another 2000 shares
@ 1/2 (same commission).  (It turns out Wang only made $7.5 million
from royalties & patent infringements in '91-'92).

  from the 1992 Annual Report:

Note G--Stockholders' Equity

Class B and Class C Common Stock: The Company's authorized
common stock consists of 230,000,000 shares of Class B common
stock, par value $.50 per share, and 10,000,000 shares of
Class C common stock, par value $.50 per share.

The Class B common stock receives an additional dividend of        
$.0125 per share per quarter over cash dividends paid on the       
Company's Class C common stock (dividend payments were suspended<=========
in August, 1989), elects 25% of the Board of Directors, and
casts 1/10 of a vote per share on substantially all other matters.
The Class C common stock elects the remaining directors and casts
a full vote per share on substantially all other matters.  Each
share of Class C common stock is convertible, at the option of the
holder thereof, into one share of Class B common stock.  In other
respects, the Class B common stock is identical to the Class C
common stock.

   and:

At October 31, 1992, the approximate number of record holders
of each class of the Company's common stock was:

Class B.................56,100
Class C..................2,000



-- 
=======================
"Endeavor to persevere"
=======================
From: clong@remus.rutgers.edu (Chris Long)
Newsgroups: misc.invest
Subject: Re: IBM Dividend -- Speculation, please!
Date: 26 Jan 93 06:38:04 GMT
Distribution: na
Organization: Rutgers Univ., New Brunswick, N.J.

In article <1993Jan23.022724.8264@Princeton.EDU>, Norbert Schlenker writes:

> It will not.  Chris Long says it's going to 55.  I want it to go to
> 55, now that I'm finally long.  Therefore, it's going to 55.

Yeah, what he said!

I'm expecting a dividend cut of 50%.  If this turns out to be the
case, I'm expecting a slow climb for IBM to about 55 by April.  If
the dividend cut is less or more, things will go better or worse
(better would be a higher share price, worse would mean a slower
climb to 55, perhaps to August).
-- 
Chris Long, 265 Old York Rd., Bridgewater, NJ 08807-2618

Score: 0, Diff: 1, clong killed by a Harvard Math Team on  1
From: helen@access.digex.com (jayne levin)
Newsgroups: misc.invest
Subject: FM Sidebands Tuning in to Wall Street
Date: 28 Jan 1993 14:08:38 -0500
Organization: Express Access Online Communications, Greenbelt, MD USA
Distribution: na
NNTP-Posting-Host: access.digex.com
Summary: Still a cost-effective transmission medium?
Keywords: wall street

Read a 1990 article on how FM sideband is a speedy way to retrieve stock
quotes and news without worrying about phone lines or other connections.
Article said Telemet charges $330 per year for seven stock and futures
prices on 15-minute delay. 

This sounds great but the article is three years old. Has any technology
superceded this and if so what? Anyone use FM sideband to tune into Wall
Street. Cost? Software? Sources? would be appreciated. thanx--Jayne
From: ajayshah@almaak.usc.edu (Ajay Shah)
Newsgroups: misc.invest
Subject: What's up with SUNW?
Date: 27 Jan 1993 02:38:45 -0800
Organization: University of Southern California, Los Angeles, CA
NNTP-Posting-Host: almaak.usc.edu

After a long period of stable prices, Sun has been inching up steadily
for the last 1.5 months or so (?).  What is the new information?

- Classic selling very well?
- Vikings shipping in qty shoring up the money scene?
- Clones reveal good health in SPARC market?
- WNT showing feet of clay?

        -ans.
-- 
Ajay Shah, (213)749-8133, ajayshah@rcf.usc.edu
From: doug_d@sdd.hp.com
Newsgroups: misc.invest
Subject: Re: YOUR stock picks
Date: 27 Jan 93 16:53:36 GMT
Distribution: usa
Organization: Hewlett-Packard, San Diego Division
NNTP-Posting-Host: hpsdl126.sdd.hp.com

In article <1993Jan26.215538.792@informix.com>, robs@informix.com (Robert Schneider) writes:
|> In article <C1DJDp.I0B@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
|> >cfwpm@ux1.cts.eiu.edu (Bill McGown) writes:
|> >
|> >>For some excellent choices of stocks to consider look at Barron's
|> >>for this week, last week and next week! There were some very good
|> >>ideas expressed in both choice and reason for choice. Give it a
|> >>look.  (They must have named at least 60+ stocks that one could
|> >>consider.)
|> >
|> >>Bill
|> >
|> >I agree that there are some good picks there -- but
|> >there are a lot of mixed signals coming out.
|> >
|> 
|> This brings to mind a question that I've been pondering:
|> Namely, by the time you see these recommendations in Barrons, Wall
|> Street Week, etc, isn't it too late?  Haven't the recommended
|> stocks all had their upsurge (if any) by the time you can get in?
|> The reason that I say this is that I've read a study by Norman Fosback
|> regarding the performance of stocks recommended on Wall Street Week.
|> He showed that they performed best right *before* they were mentioned
|> on the show; after the show, they tended to perform very poorly.
|> Has anyone ever seen a similar study regarding Barrons picks?
|> I'd be especially curious to see short term (30 days or less)
|> versus longer term performance for recommended stocks.
|> 
|> (I also wonder what kind of vested interest the "experts" have
|> in touting a stock)
|> 
|> Rob

  Maybe so. I bought Dr. Pepper bonds when they were at 23. When they
  climbed to around 90, they were "recommended" in Biz Week.
  I bought some MGM/UA bonds at 60, about 2 yrs ago. Now that they are
  around 87, they were "recommended" in (Biz week or Forbes) recently.
  So I wonder...

  doug
From: James_Conley@NeXT.COM
Newsgroups: misc.invest
Subject: Day Trading
Date: 28 Jan 93 16:48:18 GMT
Reply-To: James_Conley@NeXT.COM


	I've wondered about all those software packages that are sold to day  
traders.  You know, the guys with the Quotrons and bad eye-sight.  Anyway, my  
real question is how these people can trade without getting murdered by  
commissions.  There must be a huge break on commissions for these guys, but I  
wonder where they get them from.  I haven't seen any ads that say "Hey Day  
Trader, trade with me.  Only epsilon cents per round lot!"

	Anyone do this?  Could you describe how it works?

Mike
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: YOUR stock picks
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Tue, 26 Jan 1993 03:42:22 GMT

lash@tellabs.com (Bill Lash) writes:

>>Some I've been watching :
>>
>>Rio Hotel & Casino ( NASDAQ, RIO )
>>The Gap ( NTSE, GAP )

>Ok, I've been watching:

>Pride Co. (NYSE,PRF)
>Westinghouse (NYSE,WX)
>and just for fun:
>National Tech. Team (OTC,TEAM)

These aren't stocks that I would recommend investing in,
but they are rather peculiar and I was hoping someone
could enlighten me ..

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

Russ Berrie (NYSE)  ~$28

This stock had a meteoric rise from about 16 to 35 in 
1992. It must have crashed, because it has recently risen
very quickly to about 28 now. I don't know where it's 
been inbetween.

It also has a HUGE short interest, and that has also increased
a large amount since December.

The company apparently makes "Troll dolls" and other "impulse items".

It seems a real contest between the bulls and the bears ..
I don't know who is going to break first.

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

Nycor (NASDAQ) ~$2-$3

This company apparently is a holding company. They seem to
have sold off a company to Fedders, and unloaded their debt
onto Fedders as well. The impression I get is that they
have lent 20 million to Fedders, then had to sink another
40 million into Fedders to keep it afloat (or else they might
lose their money).

I think it's book is about $7, which is just about all cash
(or debt from Fedders). 

But Fedders stock seems to be rising, but Nycor isn't. 
I would have thought that Nycor's stock should rise
equally with Fedders, since that greatly increases the
chance of getting the money back.

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

-Larry Watanabe watanabe@cs.uiuc.edu
Newsgroups: misc.invest
From: dgorbet@rainbow.UWaterloo.ca (D.P.H. Gorbet)
Subject: Re: altamira
Organization: University of Waterloo
Date: Sat, 23 Jan 1993 16:15:33 GMT

In article <10480@ncrwat.Waterloo.NCR.COM> ishay@53iss5.Waterloo.NCR.COM  
(Ishay Friedman) writes:
> A Canadian Fund group, Altamira, has been very successful for a few
> years ( Cdn. equity fund has averaged 20 or 21 percent over 4 years).
> Any opinions on them?
> 
> Ishay

I have an RRSP with them, and so far customer service has been good.  They  
have a toll-free number, and they'll move money from one fund to another,  
or into an investor's rate account at a Canada Trust for no fee at any  
time.  They'll also move money to and from your chequing account at any  
bank in Canada.  All you have to do is call them.

Caveat:	This phone service is unavailable (due to provincial regulations)
	in some provinces.

Disclaimer:	I have not been with them long, just started a few months
		ago.

-- Dave
Newsgroups: misc.invest
From: rkelly@shearson.com (Richard A. Kelly)
Subject: Re: Raymond James and Associates
Reply-To: rkelly@shearson.com
Organization: Lehman Brothers, Inc.
Date: Mon, 25 Jan 1993 20:52:25 GMT

Read the Jan 22, 1993 New York Times Page D1.  In the paper they say that the
firm has had "Suspicious Surges in Volume".  Trading volume has been heavy
a day or so before they make a reccomendation.  This may be a sign of
front-running which is an illegal activity.  It has NOT been proven that they
have done anything wrong.  But, the signs say take a close look.

All opinions are my own and not of my companies.
---

     _/_/_/    _/  _/_/_/_/  _/    _/   Richard A. Kelly 
    _/    _/  _/  _/        _/    _/   
   _/_/_/    _/  _/        _/_/_/_/    
  _/   _/   _/  _/        _/    _/     
 _/    _/  _/  _/_/_/_/  _/    _/       


Newsgroups: misc.invest
From: dyes@convex.com (Tim Dyes)
Subject: Re: Patter Recognition
Date: Wed, 27 Jan 1993 00:06:30 GMT
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
X-Disclaimer: This message was written by a user at CONVEX Computer
              Corp. The opinions expressed are those of the user and
              not necessarily those of CONVEX.

scc26mf@centauri.unm.edu (Mark Fleharty) writes:


>Here is an article that a friend of mine wrote.
>I did not post this article to promote the buisness of the company he
>works for 'Hanseatic', I posted it here to increase the flow of information
>and to promote education.  I have permision from the author and ofcorce
>All disclaimers apply. 


If you want meaningful discussion, then give us the performance data.

- Tim

Newsgroups: misc.invest
From: nfs@volkl (Norbert Schlenker)
Subject: Re: Days COGS in Inventory. what??
Originator: news@nimaster
Organization: Department of Computer Science, Princeton University
Distribution: usa
Date: Fri, 22 Jan 1993 15:24:26 GMT

In article <1jn57aINNrje@hpsdlss3.sdd.hp.com> doug_d@sdd.hp.com writes:
>  I found "Days COGS in Inventory" entry under key ratios in a printout of
>  a company profile. What does this mean? My guess is COGS = Cost of Goods Sold

Good guess.

>  What are the implications and norms?

Norms are different for every industry.  Compare them to other companies
in the same general area.

> The company I am looking at is Symbol Technologies and its Days COGS
> in Inventory are 1990=151.22 and 1991 = 151.30.

There are two things to look at here.  One is the trend, which implies
awful things if the number expands, but there isn't one here.  The other
is the absolute level, which (at first blush) appears absurdly high in
this case.  Why do they keep five month's inventory?

Norbert
nfs@cs.princeton.edu
Newsgroups: misc.invest
From: chenl@cbnewse.cb.att.com (julian.l.chen)
Subject: Re: Merck
Organization: AT&T
Distribution: usa
Date: Sat, 23 Jan 1993 19:59:01 GMT

jhsu@ih-nxt03.cso.uiuc.edu (Jason Hsu) wrote :
>> All of the analysts that I have read say its a good
>> long term (>1year) buy.  
>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
by any standard. MRK already down more than 30% since early 1992 due to
the Clinton effect. And now I bet it will outperform the market in the next
12 months. By the way, I put the money where my mouth is. I bought MRK last
week.

However, your comment is correct for the real Nifty Fifty today such as
STAR, LOHO (resturant madness, PE > 60, PRICE/BOOK > 30).

Julian
Newsgroups: misc.invest
From: irving@Happy-Man.com (Irving_Wolfe)
Subject: Re: how good is investor business daily ?
Reply-To: Irving_Wolfe@Happy-Man.com
Organization: Happy Man Corp., Vashon Island, WA 98070-7399
Date: Tue, 26 Jan 1993 15:34:39 GMT

In <1993Jan25.154243.63176@cc.usu.edu> fajack@cc.usu.edu writes:

>	Anyone out there subscribe to the Investor Business Daily ?  How is it
>compare to the Wall Street Journal ?  

We currently get both.  IBD has better earnings tables and has the 
small advantage of having the Monday paper arrive on Saturday.  WSJ 
has better business stories and broader coverage (less emphasis on 
stock prices and the computer field).  Also, WSJ has the courtesy 
not to try to teach you how to invest, while IBD tries hard to sell 
you on technical analysis so you'll subscribe to the stock chart 
services published by the same company.  You'd be wasting money to 
buy both unless you have special reasons.  (We do data input from 
them, and need the double-check.)  
-- 
 Irving_Wolfe@Happy-Man.com      Happy Man Corp.  206/463-9399 x101
 4410 SW Pt. Robinson Rd., Vashon Island, WA  98070-7399   fax x108
 We publish SOLID VALUE for the intelligent investor.   NextMail OK
Info free; sample $20.  Send POSTAL addrs: Solid-Value@Happy-Man.com
Newsgroups: misc.invest