HDTenEightyP/NetNews huggingface dataset:
From: hamachi@adobe.com (Gordon Hamachi)
Subject: Re: Covered Calls:  Less Risk - High Returns.
Organization: Adobe Systems Incorporated
Distribution: usa
Date: Fri, 22 Jan 1993 18:51:24 GMT

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

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

I don't have an account with Merrill Lynch any more.
Newsgroups: misc.invest
From: jhsu@ih-nxt03.cso.uiuc.edu (Jason Hsu)
Subject: Re: Merck
Organization: University of Illinois at Urbana
Date: Fri, 22 Jan 1993 00:58:59 GMT

In article <4020013@hplvec.LVLD.HP.COM> frank@hplvec.LVLD.HP.COM (Frank  
Cada (Contractor)) writes:
> 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.
From: Doug_Barlow@Novell.COM (Doug Barlow)
Newsgroups: misc.invest
Subject: Re: Farpoint BBS #?
Keywords: Farpoint
Date: 28 Jan 93 00:25:59 GMT
Distribution: na
Organization: Novell, Inc.

In article <1k6b2nINN4qa@digex.digex.com> helen@access.digex.com (jayne levin) writes:
>The misc.invest FAQ lists the Farpoint BBS in Chicago as a free source for
>historical stock quotes (you pay any long-distance toll). The FAQ,
>however, did not list the telephone number to access this BBS. If anyone
>has it, I would appreciate it. Thanks. Jayne
>

You must have an older FAQ because the one that was posted to this group
a week ago did.

Anyway, here it is:  1-312-274-6128.

Doug Barlow
doug_barlow@novell.com
From: doug_d@sdd.hp.com
Newsgroups: misc.invest
Subject: My stock selection criteria
Date: 22 Jan 1993 21:26:50 GMT
Organization: Hewlett-Packard, San Diego Division
Distribution: usa
NNTP-Posting-Host: hpsdl126.sdd.hp.com


Here are some things I look for when purchasing a stock:

1.  %ownership by management.
2.  No political touting (e.g. Ben & Jerrys)
3.  Increasing sales
4.  Low historical P/E
5.  Low long-term debt
6.  No negative outstanding litigation
7.  Stable or increasing stock price
8.  Growing market
9.  Innovative future products
10. Low or no yield (I want money reinvested in the company)

doug
Organization: Arizona State University
Date: Friday, 22 Jan 1993 18:32:28 MST
From: <AABNK1@ASUACAD.BITNET>
Newsgroups: misc.invest
Subject:    Investigate before you invest!

Save time and money by having us do the leg work for you!

We investigate banks, S&Ls, corporations, or anyone that you
plan on doing business with in the United States, and provide
you with confidential information on them.

Inquiries to: FAXWORLD
              Fax: 602-265-5016
              email: 73040.2157@compuserve.com
Newsgroups: misc.invest
From: deh@cherry21.cray.com (Don Hankins)
Subject: Re: IRA broker Needed
Originator: deh@cherry21
Organization: Cray Research, Inc.
Date: 21 Jan 93 09:39:32 CST


In article <8190161@hpfcso.FC.HP.COM>, lgough@hpfcso.FC.HP.COM (Linda Gough) writes:
> Can anyone recommend a discount broker that doesn't charge a fee for
> managing an IRA?
> 
> Thanks


Charles Schwab and Company does not charge for managing an IRA.
From: rlcarr@animato.network23.com (Rich Carreiro)
Newsgroups: misc.invest
Subject: Re: Waterhouse experience?
Distribution: world
X-NewsSoftware: GRn 1.16f (10.17.92) by Mike Schwartz & Michael B. Smith
Date: 20 Jan 93 20:06:46 EST
Organization: The Other Side of Life

In article <6310028@hpfcbig.SDE.HP.COM> gt@hpfcbig.SDE.HP.COM (George Tatge) writes:
> Has anybody had experience using Waterhouse discount brokers?  Their
> lit. and prices look good but some first hand experience would be
> great.

What kind of info are you looking for?  I have an Waterhouse account,
and have done trades on margin and option trades.  So far I've not had
any problems.  Any specific questions?

-- 
Rich Carreiro                                  Home: (401)841-8514
rlcarr@animato.network23.com
uunet.uu.net!animato!rlcarr
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Act Now to Fight the Deficit
Date: 26 Jan 93 18:16:28 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

In article <1993Jan25.193802.11812@adobe.com> hamachi@adobe.com (Gordon Hamachi) writes:
>I've read "Bankruptcy 1995: The Coming Collapse of America and How to Stop It"  
>by Harry Figgie, and it scares the hell out of me.  According to Figgie, the  
>most likely results of inaction on the deficit are:
>
>       A catastrophic market panic
>	   Hyperinflation
>	   20% of American jobs gone
>	   Social Security payments cut or eliminated

I have read it, too, and it also scares me (I have been very concerned
about this for 1-2 years, though).

I would urge everyone to follow  Gordon's advice and write your
CongressCritters *now*.  And join one or more groups that are trying
to fight the deficit (I joined  the NTU and CAGW a year ago).

One group that is not listed is called the Concord Coalition,
I think.  Its the one that Paul Tsongas and Warren Rudman have
founded to try to create grassroots pressure to fight deficit
spending.  This may well be the most effective group to join,
but I can't say for sure (and don't even have their address handy).

And I agree that Figgie may be underplaying the situation.  If
our economic system collapses, even briefly, chaos will result.
In the Great Depression many people lived near farms or in smaller
towns.  Now many people live in big cities and know nothing of
preparing and harvesting food.    And we have huge amounts
of politically disenfranchised people, especially in the
under class, and the moral fabric of our country has been on
a sharp decline these last few decades.  If you can imagine
the LA riots covering most of the US over, say, 500,000 people
then you start to get the picture.  And democracy would be 
gone.  People have been participating less and less (at more
than a superficial level), want something for nothing, have
grown up in a culture where self comes first, etc.  People would
demand strong action to control the chaos, and IMO democracy
would not return for a *long* time (it has been an abberation
of history, if you take the long view).
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Newsgroups: misc.invest
From: Dave Dodson <dodson@convex.COM>
Subject: Re: New to the Group
Originator: dodson@bach.convex.com
Date: Thu, 28 Jan 1993 22:18:57 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 <1993Jan28.184758.24540@mloeff01.cpchq.cpc.gmeds.com> dah@cveng121.veheng.det writes:
>I am in the process of enrolling into my
>company's savings-stock purchase program.
>Where should I invest most of my money?
>
>	1. U.S. Savings Bonds
>	2. Diversified Government Securities
>	3. Income Fund
>	4. Equity Index Fund

Before we can give you any advice, we need to know a couple of things
about you, such as the purpose of the investment (retirement?  buying
a house?  college for the kids?) and when you want to spend it (2 years?
15 years? 35 years?)  Give us a little help, and we'll try to give you
a little help in return.

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
Newsgroups: misc.invest
From: timlee@netcom.com (Timothy J. Lee)
Subject: Re: IBM Dividend -- Speculation, please!
Followup-To: misc.invest
Reply-To: timlee@netcom.com (Timothy J. Lee)
Distribution: na
Date: Sat, 23 Jan 1993 06:16:10 GMT

byu@sys.toronto.edu (Benjamin Yu) writes:
|	 1) IBM will cut at most 50% on the dividend since one of their
|	    business philosiphies is commitment to the shareholder.
|	    Cutting more than 50% is too much of a shock, I imagine!

Wouldn't a commitment to the shareholder mean cutting the dividend to
zero, since they are losing money?

-- 
------------------------------------------------------------------------
Timothy J. Lee                                        timlee@netcom.com
No warranty of any kind is provided with this message.
Newsgroups: misc.invest
From: sullivan@cs.washington.edu (Kevin Sullivan)
Subject: Re: parameters to investigate in selecting a stock (LONG)
Organization: Computer Science & Engineering, U. of Washington, Seattle
Date: Fri, 22 Jan 93 19:42:59 GMT

In article <C18F1E.6Dz@news.cso.uiuc.edu> jhsu@ih-nxt03.cso.uiuc.edu writes:
>
>Follow the insider crowd; insiders know much more than you do . . .

How do you do this?
-- 
Kevin Sullivan
Department of Computer Science and Engineering, FR-35
University of Washington
Seattle, WA 98195 
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: be a floor trader
Organization: AT&T
Date: Mon, 25 Jan 1993 14:21:54 GMT

In article <1993Jan24.205923.25081@news.columbia.edu> rs69@cunixb.cc.columbia.edu (Rong Shen) writes:
>Hi:
>
>	I am just curious. What does it take to be a floor trader?

A quick mind and nerves of steel. It also helps to be in good 
physical condition (all that standing).
From: fritz@fc.sde.hp.com (Gary Fritz)
Newsgroups: misc.invest
Subject: Re: Banner Fund International
Date: 26 Jan 93 17:05:26 GMT
Organization: HP SESD, Fort Collins, CO
NNTP-Posting-Host: hpfcgf.sde.hp.com
X-Newsreader: TIN [version 1.1.4 PL6]

As an experiment I opened an account with Banner a few months ago.
(What the hell, it's only $200, right?)  So far I'm not impressed.
It looks like the December return was about 1.4%.  Less than 20%
per YEAR, not per MONTH.  Not sufficient return to justify such
a risky venture, in my opinion.

If it turns out that December was a bad month, and the return is
actually much better than that, I'll let you now.

Gary
Newsgroups: misc.invest
From: guiguizi@kodak.kodak.com (Paul Guiguizian x79315/AT/2-49-KP)
Subject: Re: Act Now to Fight the Deficit
Organization: Eastman Kodak Company
Distribution: usa
Date: Tue, 26 Jan 93 21:31:07 GMT


I beg to differ with you.

The real problems are located in Washington DC - those people with their
hands on the purse strings who can't balance their checkbooks (much less
our government's budget)!

If the Congress could learn to say NO and we went to zero-based budgeting
and the President had a line-item veto, and we eliminated double taxation
of dividends and we eliminated taxation of inflation-generated capital
gains, THEN THIS COUNTRY WOULD GROW LIKE GANGBUSTERS.

The deficit is not a problem unless the rest of the world calls in our
loans.

These are not the opinions of Kodak; they are those of Ben Steele.

steele@sun1ais.kodak.com
From: gt@fc.sde.hp.com (George Tatge)
Newsgroups: misc.invest
Subject: Re: Your Picks
Date: 25 Jan 1993 21:06:56 GMT
Organization: HP SESD, Fort Collins, CO
NNTP-Posting-Host: georget.sde.hp.com
X-Newsreader: TIN [version 1.1.4 PL6]

long- Sun Micro
long- 3com
short UAL
long- biopool

gt
From: kimf@amaryllis.EBay.Sun.COM (Kim Foster)
Newsgroups: misc.invest
Subject: Sequoia
Date: 25 Jan 1993 23:13:08 GMT
Organization: Sun Microsystems Federal, Milpitas, CA.
Distribution: world
NNTP-Posting-Host: amaryllis.ebay.sun.com

Does anyone on the net know anything about this company.  Its
stock used to be in the $16 - $18 price range.  I believe
the stock now drop to $1.50 $1.75.  If you have any information
about this company or its product(s), please let me know.    

Thanks,
Kim
From: dodson@convex.COM (Dave Dodson)
Newsgroups: misc.invest
Subject: Re: IDEA
Date: 26 Jan 93 15:26:51 GMT
Article-I.D.: news.1993Jan26.152651.9588
Reply-To: dodson@convex.COM (Dave Dodson)
Organization: Engineering, CONVEX Computer Corp., Richardson, Tx., USA
Originator: dodson@bach.convex.com
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 <28361@sybase.sybase.com> coop@sybase.com (John Cooper) writes:
>Do BRK shares trade easily in odd lots -- specifically, is it worthwhile to
>buy a single share?  Since commissions tend to be tied to dollar volume rather
>than number of shares, the only prohibition to buying one share of BRK would
>seem to be finding a buyer later on.

A quick look in the newspaper shows that BRK trades in single-share lots.

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Newsgroups: misc.invest
Subject: Re: Conner Peripherals
Date: 27 Jan 93 19:25:21 GMT
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL

ja@forsyth.wsnc.org writes:

>Conner Peripherals closed Wednesday 1/20/93 up 3 to approx. 23.  The 
>company has a low p/e and has been mentioned in Value Line.

>Does anyone follow this company/stock ?

I think that they sell about 20% of their drives to Compaq.
So, when Compaq stock rises, Conner tends to follow.

The stock is also just rebounding, because it dived in
sympathy with Seagate. Seagate only met analyst's expectations,
which tend to be conservative, so all the disk drive companies
plunged 25% or so on the news.

Seagate also admitted that "the competition is heating up".

Conner has the smartest strategy among the disk drive makers,
which is why it sells for the highest P/E. For example,
it sells for nearly 3 times the P/E of Maxtor.
So, the P/E is high, not low. Also, remember that these
companies are cyclical: they go through boom and bust
cycles. So you have to look at the absolute price,
as well as earnings. It is selling at a high. Will 
the current demand for PC's continue, or is this just
the peak of a demand cycle (followed by 3 years until
people decide to replace their current machines).

-Larry Watanabe watanabe@cs.uiuc.edu
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Act Now to Fight the Deficit
Date: 26 Jan 93 21:45:37 GMT
Distribution: usa
Organization: U of Arizona CS Dept, Tucson

In article <1k3uiuINNpn5@hpfcbig.sde.hp.com> gt@fc.sde.hp.com (George Tatge) writes:

>Gordon Hamachi (hamachi@adobe.com) wrote:

>: I've read "Bankruptcy 1995: The Coming Collapse of America and How to Stop It"  
>: by Harry Figgie, and it scares the hell out of me.  According to Figgie, the  
>: most likely results of inaction on the deficit are:
 
>:        A catastrophic market panic
>: 	   Hyperinflation
>: 	   20% of American jobs gone
>: 	   Social Security payments cut or eliminated
 	  

>Excuse my extreme skepticism.  If you are really convinced that this
>is all going to happen, why don't you just take the appropriate
>measures to get rich when it does?  I'm always hearing doomsayers
>and almost never will they back up their predictions with their
>money.

I'm not interested in profiting from such a calamity, just
interested in not totally getting hosed.   And I'm very skeptical
of gloom and doom merchants who tell you how you can profit from
it.  Still, to protect what I have, I am establishing a reasonable
position in gold, foreign government bonds (through unhedged
mutual funds), and Ben Franklins.

>If you've borrowed all the money you possibly can at todays low 
>interest rates and taken every penny you can lay your hands on
>and shorted all the bank stocks and blue chips and done other
>such pre hyperinflation sensible things than I might be more
>inclined to listen.  If not, well then it's just more chicken
>little isn't it?

Um, what if they index the principle of all loans (save theirs?)
to inflation, as the Weimar Republic did in its hyperinflation?
No way will your salary keep up with inflation in such a scenario.

>gt


--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Newsgroups: misc.invest
From: ssr@siberia.cypress.com (Bapcha/FPGA)
Subject: The Bapcha Picks.....
Originator: ssr@bubba
Organization: Cypress Semiconductor
Date: Mon, 25 Jan 1993 22:06:55 GMT


IPIC-Interneuron Pharmaceuticals - High Risk
CAER-Caere Software              - Medium Risk
PLAB-Photronix Labs              - Medium Risk

and I have $$ on all of the above....


-Bapcha-


Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: 401K
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: usa
Date: Fri, 22 Jan 1993 15:25:10 GMT


> The problem I have with it is that you don't pay tax on the money you
> put in, and you DO pay tax on the money you pull out. If you allow the
> interest to compound over, say, 30 years, you stand to take out alot
> more than you ever put in, so even though you're in a lower tax
> bracket, you pay more taxes. Example: you put away $3000/yr of your
> own 401K money. You don't pay taxes on this. You save about $450/yr in
> taxes. 35 years later, this money is worth $600,000, and you start
> pulling out 4%/yr dividends, or $24,000. You pay about $2400/yr in
> taxes on this. See the disparity?
> 
> Contrast this with a life insurance policy that allows you to draw
> dividends after so many years. You pay tax on the money you put into
> the policy, but the dividends are normally tax free. This seems like a
> much better investment as far as avoiding taxes goes.

Oh, mine.  Did you get brainwashed by an insurance agent?  Yes, you
have to pay $2400/yr tax but you got $21600 for yourself.  Now, how
much does the life insurance policy give you?  You have to look at the
"take home pay".  Also, I don't think dividends from insurance policy
is tax free unless it happens to invest on tax return vehicles (but I
can be wrong.)

Put it another way, would you hesistate to accept a 60 million dollars
lottery prize because you would have to pay 24 million dollars tax for
it (assume a 40% fed + local tax)?
Newsgroups: misc.invest
From: hal@pollux (Hal N. Brooks)
Subject: Re: MLIS (was Micropolis (MILS)
Organization: University of Georgia
Date: Mon, 25 Jan 1993 04:36:15 GMT

gary@cdthq.UUCP (Gary Heston) writes:
>hal@pollux (Hal N. Brooks) writes:
>
>>  [ ... ]
>> Also, I have a vague recollection of a hard drive manufacturer
>> in 1988 or so being accused of cooking the books.  As I recall,
>> they were accused of shipping bricks (I swear, that's the way
>> I remember it) to make it look like they were shipping more
>> than they actually were.  Was that Micropolis?  I'm pretty sure
>> it started with an M, and I remember confusing two such companies
>> at the time.
>
>That was MicroSci, not Micropolis. Different companies. MicroSci
>was doing more than cooking the books; they were intentionally
>shipping nonfunctional drives to meet orders and claim sales.
>
>I'm not sure if MicroSci still exists; I haven't seen anything
>about them recently.
>

Thanks for clearing that up.  I'm sure you must be right.

-hal
From: ky04@ns1.cc.lehigh.edu (KUN YU)
Newsgroups: misc.invest
Subject: Commission Schedule comparison
Date: 25 Jan 93 18:38:21 GMT
Organization: Lehigh University

Actually, more than one questions.
If the commission schedule lists the charge for trading 100, 200 shares
at share prices 10, 20, what is it for 150 shares at $15?
Are the charges the same both ways, in and out?

If the charges are given in a table (Waterhouse)    
 shares\price     $10  20  30
  100              x   y   z
  200	           a   b   c
or in formulas like    25+ principal*1.7% 
How should I systematically and easily compare the schedules? 
                    

-- 



                            
ky04@lehigh.edu            
KYu, BioProcessing Institute
111 Lehigh University
From: schindler@csa2.lbl.gov (AARON SCHINDLER)
Newsgroups: misc.invest
Subject: Re: Covered Calls:  Less Risk - High Returns.
Date: 21 Jan 1993 13:43 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: usa
NNTP-Posting-Host: 128.3.254.197
News-Software: VAX/VMS VNEWS 1.41    

(E. T. Peterson(Eric)) writes...

[covered calls discussion deleted]

>However, mutual funds that use this technique usually do not perform as well
>as "regular" mutual funds. Why?

>Eric Peterson                  The sooner you fall behind,

Eric, please excuse my audacity. But I have learned not to believe everything
I read.  Could you cite the source of the information that mutual funds that
sell covered calls don't perform as well?  I find it an interesting fact.

|=======================================================================|
| Aaron Schindler                                Schindler@csa.lbl.gov  |
|                                                                       |
| There are two times in a man's life when he should not speculate:     |
| when he can't afford it, and when he can.        --Mark Twain         |
|=======================================================================|
From: Dave-M@cup.portal.com (David Russell Mottern)
Newsgroups: misc.invest
Subject: Banner Fund International
Date: Fri, 22 Jan 93 21:20:54 PST
Organization: The Portal System (TM)
Distribution: world

I just received some info on Banner Fund International. It is
a trust fund managed by the Swiss Trade & Commerce Trust in the Island
of Aruba. They claim past earnings of 100% to 289% over the past few
years and have set a goal of 15% per month. You can get into it for
as low as $200. Does anyone know anything about this? Is it for real?
How can I go about checking this out?
Thanks for any info.
Dave
From: clong@remus.rutgers.edu (Chris Long)
Newsgroups: misc.invest
Subject: Weekly IBM Self-affirmation
Date: 21 Jan 93 14:06:39 GMT
Organization: Rutgers Univ., New Brunswick, N.J.


I'm good enough, and I'm smart enough, and I can't be wrong that
IBM will reach 55 later this year.
-- 
Chris Long, 265 Old York Rd., Bridgewater, NJ 08807-2618

Score: 0, Diff: 1, clong killed by a Harvard Math Team on  1
From: schindler@csa2.lbl.gov
Newsgroups: misc.invest
Subject: Re: Where Current Consmr Price Idx?
Date: 26 Jan 1993 21:37 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: usa
NNTP-Posting-Host: 128.3.254.197
News-Software: VAX/VMS VNEWS 1.41    

RROXBY@MAINE.MAINE.EDU (Robert Roxby) writes...
>Where could I find this month's value of the consumer price index?

The Department of Labor measures the consumer price index monthly.  You will
find the value of the index (not just the percent change) in Barron's each 
week.

|=======================================================================|
| Aaron Schindler                                Schindler@csa.lbl.gov  |
|                                                                       |
| There are two times in a man's life when he should not speculate:     |
| when he can't afford it, and when he can.        --Mark Twain         |
|=======================================================================|

Newsgroups: misc.invest