HDTenEightyP/NetNews huggingface dataset:
From: McAldon International Inc. <mcaldon@igc.org>
Newsgroups: misc.invest
Date: 11 Apr 92 21:01 PDT
Subject: CONTRARIANS
Nf-ID: #N:cdp:1426500159:000:1874
Nf-From: cdp.UUCP!mcaldon    Apr 11 21:01:00 1992


|I have a couple questions about contrarian investing techniques.  I
|think I understand the general rationale for this approach -- and it makes
|sense to me - but I am curious about how you decide when to invest and what to
|invest in. Do you have some quantitative measures you use to decide when there
is sufficient gloom, or is it just an intuitive feeling you develop from
|reading and listening?  (BTW, either of those approaches seem valid to me.)

The idea of contrarian investing goes back a long way and is based on the
theory that when everyone is bullish, they've all put their wads into the
market so there's no one left to buy.  This notion is pretty iffy now that
pension funds, etc., never run out of money.  There was also the theory 
that the small investor is always wrong so bet against him.  In the days
before options, that meant bet against odd-lot buyers.  But the case has
been made after various studies that the small guy is more often right
than wrong.  I've come to the conclusion that the only safe way to be
a contrarian is to bet against MY instincts;  if I'm in a rush to BUY,
BUY, BUY, it's probably time to sell:-)
          
[...]
|never recovered to anything like their original level. Anyway, the point to my
|question is, what other factors, if any, beside being out of favor determine
|whether or not you invest in something?
|tony

There's an old wise saying "Buy your straw hats in winter, they're
cheaper then."  In other words, if you can look ahead and see a
demand that's been overlooked or not properly discounted, you can
make money.  If this were real easy, everyone would be doing it.

                         |        Vote for the environment          |
|    mcaldon@igc.org     |       And Jerry Brown's flat tax         |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: McAldon International Inc. <mcaldon@igc.org>
Newsgroups: misc.invest
Date: 08 Apr 92 23:43 PDT
Subject: Re: Schwab vs Waterhouse
Nf-ID: #R:1992Apr8.230637.15660@ssd.dl.nec:-343861116:cdp:1426500156:000:895
Nf-From: cdp.UUCP!mcaldon    Apr  8 23:43:00 1992


|Commissions charged by Waterhouse Securities 
|seem to be substantially lower than Schwab.
                
Schwab provides more services than most discount brokers. Waterhouse
is one of the better pure discount brokers.  Why don't you ask both
for account info?
             
|Should low commissions be the only criterion for
|choosing a Discount Broker? If not what else should one
|consider? And how do these two compare? Sorry if these
|questions sound naive.
|Vasudev Murthy          Any opinions expressed are strictly  
                
Perhaps rock-bottom commissions are paramount if you make lots of
high-volume trades.  For the average small investor [maybe $1000 to
$10,000 per trade] who doesn't need lots of handholding, Waterhouse
is OK.

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: robs@bcstec.boeing.com (Robert Sipe)
Newsgroups: misc.invest
Subject: Foreign Currency investing?!?
Date: 6 Apr 92 23:11:17 GMT
Organization: Boeing

I have been approached by a broker who is trying to sell me on investing some
money into Foreign currency markets.  The minimum investment is $5000.00.
How good of an investment are these and what is the investment stratagy
one should use if one should invest in a market such as this?  Any addition
commments, warnings, or suggestions would be appreciated since I do not
enen know enough about this type of investing to ask good questions.

thanks


robs@dsp35001.ca.boeing.com
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Cable's secret weapon
Date: 15 Apr 92 18:45:30 GMT
Organization: U of Arizona CS Dept, Tucson

In article <1992Apr13.175127.22005@st-andy.uucp> uunet!st-andy!larry (Larry Martell) writes:

>Until the RBOC's are freed from Judge Green's yoke (if they ever are) we won't
>know what the phone companies are likely to offer. Does anyone besides me
>feel that having 1 non-elected, not answerable to anyone, old man with so
>much power over the telecommunications industry, is not the best thing for us
>(the consumer)?

Yes, I've railed against Judge Green to anyone who would listen.
I have also written my CongressCritters some, and that seems to
have helped.  Congress *is* wresting fiat authority from Judge
Green.  They just are trying to figure out how to free the RBOCs
without allowing them to monopolize the situation.

Such freeing has critical importance to America's informational
infrastructure, impacting many things, including telecommuting
for us all.  I would urge anyone concerned about Judge Green's
tyrrany to write their CongressCritters.  I would be glad to
post or email copies of my well-written letters that you can
feel free to borrow from (unless you live in Arizona).

Incidentally, Judge Green is near the top of the Democrats list
for potential Supreme Court nominees, should they ever recapture
the White House.  Some day Democrats other than Tsongas will
figure out that it is impossible to simultaneously be pro-jobs
and anti-business (some give lip service to business, though...).
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4089      
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.
From: McAldon International Inc. <mcaldon@igc.org>
Newsgroups: misc.invest
Date: 11 Apr 92 20:59 PDT
Subject: Re: So-called Experts and Timing ( Re: 
Nf-ID: #R:1992Apr11.071021.17881@cs.umn.ed:-227503446:cdp:1426500157:000:826
Nf-From: cdp.UUCP!mcaldon    Apr 11 20:59:00 1992


|Definitely! Dollar-cost average AT ALL TIMES! If it makes
|you feel any better I started dollar-cost averaging into
|T Rowe Price's Japan Fund when the Nikkei was at 19,000.
|Each time it drops by 500 points, I invest an additional
|amount (half of my original investment). In a way, I feel
|good when Nikkei drops because it gives me another chance to buy
|into Japan at a low price.
|Satya Prabhakar (satya@ssdc.honeywell.com)

Correct name for this masochistic exercise is "averaging down," a
practice not widely recommended.
                           
|                        |     "Nobody ever went broke from     |    
|    mcaldon@igc.org     |   underestimating the intelligence   |
|                        | of the American public."  HL Mencken |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: Stocks newsletter. Netletter!
Date: 8 Apr 92 04:34:09 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest

prabhak@cs.umn.edu (Satya Prabhakar) writes:
|      But, aye, there's the rub. If you dollar-cost
|       average, the commisions will squeeze you dry.

If the stocks you fancy offer dividend reinvestment plans, you can
buy them without paying broker commissions (after buying the first
few through a broker).  Keep all records for tax time, though.
From: hmp@frc2.frc.ri.cmu.edu (Henning Pangels)
Newsgroups: misc.invest
Subject: Re: JW Gant: EuroDisney. Anyone heard of them?
Date: 8 Apr 92 21:53:43 GMT
Reply-To: hmp@frc2.frc.ri.cmu.edu (Henning Pangels)
Distribution: usa
Organization: Field Robotics Center, CMU


I, too, had unpleasant experiences with JW Gant. I do not recommend
them either. If you want to hear the gory details, send me mail. I
have the story on line and have sent previously to others who
inquired.

A general note of advice: Beware of brokers calling you cold with a 
hot stock tip. Chances are they are more interested in selling than
you should be in buying.

-Henning
--
Henning Pangels    |hmp@frc2.frc.ri.cmu.edu        |     Field Robotics Center
Research Programmer|(412) 268-7088                 |Carnegie-Mellon University
------------------------------------------------------------------------------
 Das Trinkgefaess, wenn einmal leer, macht keine rechte Freude mehr - W. Busch
From: merrill@nunki.usc.edu (AstroNut)
Newsgroups: misc.invest
Subject: ARM Mutual Funds
Date: 11 Apr 1992 17:18:42 -0700
Organization: University of Southern California, Los Angeles, CA
NNTP-Posting-Host: nunki.usc.edu

I have recieved some brochures about a new fund the Company 
I deal with is creating, the T.Row Price ARM fund.  This fund would
invest in ARM  (Adjustable Rate Mortgages) in an effort to return better rates
than todays paltry Money Market Funds.  My question is this:

Naturally when interest rates rise almost all type of Bond Fund's principle
get hammered because the value of their bonds drop.  With an ARM fund however
this should be lessened dramatically because the ARM contracts in which the
fund invest in will also go up as well (albiet at not the same rate) 
I have even heard that an ARM fund's price will even go UP during times of 
rising interest rates.  Can anyone confirm or deny this claim?  

Basically I'm looking for a safe place (non stock, commodity) to plant money
in a period whem I'm sure that interest rates are going to remain flat
or go up.  If an ARM fund is a good spot, or you know of any other instrument
which would prevent me from losing my principle in periods of rising rates,
please respond


Greg Merrill
merrill@aludra.usc.edu

Newsgroups: misc.invest
From: duzan@ncrcol.ColumbiaSC.NCR.COM (Steve Duzan)
Subject: Whats with Lilly
Originator: duzan@ncrcol.ColumbiaSC.NCR.COM
Organization: NCR E&M Columbia SC.
Distribution: usa
Date: Thu, 16 Apr 92 16:39:41 GMT

My wife just received a little money to invest, so I went to the 
library to check out some of the weekly investment guide books.
A company called Lilly (pharmaceutical I beleive) was rated high in
both safety and timeliness, but when I looked in the paper today
the stock is almost at its yearly low.  Anyone know why.  It sounds
like a pretty solid stock.

Thanks in advance
Steve
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Insider Info (was: Stocks newsletter. Netletter!)
Organization: Tandem Computers Inc.,  Cupertino, CA
Date: Tue, 7 Apr 1992 21:53:21 GMT

Assorted comments on the virtues of trading on inside information, including
the following:

> Do the professional analysts really know more about companies, that 
> have more than 10 employees, than the employees themselves?  Maybe
> maybe not! One thing to remember is the fact that professional
> analysts do not have the time to study ALL public companies.   Another
> point is that, depending on your position in the company, you may
> know what is going on in the company BEFORE the investor relations
> office (which the proffesional analysts contact for info), and
> more importantly, BEFORE the the earning goes up.

Sure, if you have juicy information that hasn't been released to the public,
you can make a killing.  Why limit yourself to going long (buying stocks)?
Why not buy/sell a big wad o' options?  You get much better leverage with
options.

Here's why:  Because it is illegal.  If you profit from trading on inside information,
knowlege that has not been released to the general public yet, you may find yourself
spending a lot of time in the company of other celebrated insider traders like
Michael Milken...in the cell right down the hall.  Sure, not everyone is caught.
But you sure won't find ME recommending it.

-steve p.
From: jberlin@falcon.aamrl.wpafb.af.mil
Newsgroups: misc.invest
Subject: Re: Convertible bonds
Date: 10 Apr 92 11:05:55 EST
Distribution: usa,local
Organization: USAF AL/CFH, WPAFB, Dayton, OH

In article <1992Apr9.143209.2883@arizona.edu>, dennis@navajo.rc.arizona.edu (dennis Astemborski) writes:
> I have not seen any discussion on convertible bonds in this group. Lets
> talk about this investment vehicle. Any pros and cons. Risks and rewards,
> etc.
> Where to find the price and how to buy them ? 
> 
> dennis the ......
-- 

    I do know that Value Line has a mutual fund of convertible bonds,
called, strangely enough, the Value Line Convertible fund.  I believe
they also have a newsletter on convertibles.  I was in this fund for
a few years, but got out.  It actually had consistent dividends, but
was not very exciting and got into individual stocks.  It might be 
right for you at this or some other point in your life.  Not a 
recommendation either way, check it out.

Jim Berlin

"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."

Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (A. Cheng)
Subject: Re: United Way, were our money goes...
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Wed, 8 Apr 1992 15:48:24 GMT


In article <1992Apr6.193521.4772@digi.lonestar.org>, mdefelic@digi.lonestar.org (Mitch DeFelice) writes:
>There was an article in Saturday's (4-4-92) Dallas Morning News,
>reporting ex-United Way's ousted president William Aramony lavish 
>spending.
>
>Where your money went:
>  [detail deleted..]

Not that I am a great United Way fan, but we need to keep things in
perspective: only 1% of local collection were sent the Head Quarter
way.  It may be more important to watch how the remaining 99% are
spent.
Newsgroups: misc.invest
From: sdl@linus.mitre.org (Steven D. Litvintchouk)
Subject: short-term bond funds vs. interest rates?
Organization: The MITRE Corporation, Bedford, MA
Date: Fri, 10 Apr 1992 17:40:13 GMT


I have invested in some short-term bond funds.  Now that interest
rates may have bottomed out and may rise over the next year or two, I
am concerned about whether the net asset value of the short-term bond
funds will drop significantly.

I know that short-term bond funds should be less vulnerable to
interest rate fluctuations, but does anyone have any hard
numbers/facts to show what happened to short term bond funds in the
past when interest rates rose significantly?



Steven Litvintchouk
MITRE Corporation
Burlington Road
Bedford, MA  01730

Fone:  (617)271-7753
ARPA:  sdl@mitre.org
UUCP:  linus!sdl
	"Where does he get those wonderful toys?"
--
Steven Litvintchouk
MITRE Corporation
Burlington Road
Bedford, MA  01730

Fone:  (617)271-7753
ARPA:  sdl@mitre.org
UUCP:  linus!sdl
	"Where does he get those wonderful toys?"
From: jprice@eecs.cs.pdx.edu (James Price)
Newsgroups: misc.invest
Subject: Re: Yeeee Hiiiiiiiii
Date: 15 Apr 92 03:03:45 GMT
Distribution: usa
Organization: Portland State University, Portland, OR

In article <1992Apr13.231043.22824@den.mmc.com> weiser@pogo.den.mmc.com (Matt Weiser) writes:
)In article <5311@pdxgate.UUCP), jprice@eecs.cs.pdx.edu (James Price) writes:
)stuff deleted
)) 
))ObInvest:Martin Marietta makes the bombs that keep us strong. If you buy that.
)) 
)) James
)
)No, we just make the rockets that get them there. At least the big bombs,which
)seems to be what this post is talking about.  Bush has, however, stopped
)production on Small ICBM & Peacekeeper projects, so we don't even do that.
)You can, however, thank this terrible company for putting
)your shuttle into orbit and allowing the people on the shuttle to
)zoom around space unattached from the spacecraft, reworking your national
)air traffic control software so it works, modernizing the HUD computer systems,
)creating nice fast mail sorters so your mail actually gets to you within *some 
)period of time, creating key components of your hubble space telescope (all of them work),
)and creating neat things that map out the entire surface of Venus.  To name just a few
)things that don't blow up....
)
)Matt Weiser
)Martin Marietta Western Internal Systems
)weiser@pogo.den.mmc.com 

  I guess they aren't all bad then, eh :)  I looked at my Franklin Growth
Prospectus and omygosh, they own a chunk of Martin M... funny how these
things always end up coming back to bite you in the end...

  So MartinM is like Ball Corp then, on one hand they make perfectly
respectable things, like mail sorters (or aluminum cans and glass bottles
in Balls case), and on the other they do defense work  (Ball does
Star Wars type stuff on the side)... regular Jeckyle and Hydes... :)

   Its a cold, hard world, thats for sure....one of business and necessity...

James

Net: jprice@jove.cs.pdx.edu       "Justice is incidental to law and order."
Globe: 45 31 25 N 122 40 30 W                          - J. Edgar Hoover
Unity not uniformity | NBC = GE   "Reading musses up my mind." - Henry Ford
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Value investing  (was Re: correction is nigh)
Date: 14 Apr 92 01:58:46 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <1992Apr10.215004.15236@news.iastate.edu>, bible@iastate.edu (Anthony E Bible) writes:
|>... Anyway, the point to my
|> question is, what other factors, if any, beside being out of favor determine
|> whether or not you invest in something?
|> 
You can use a "value" approach to select which stocks you should invest in.
Select an OBJECTIVE MEASURE of value, and invest in UNDER-VALUED stocks.

 For example, select Stocks that satisfy all the following criteria:

 1) consistently paid increasing dividends over the last 5 years, 

 2) whose Price/Earnings (P/E) ratio is below 15, 

 3) whose Debt/Equity ratio is below 30% (ie. debt is less than 30% of 
    their owner's equity), 

 4) whose Price/book-value is less than 90% (ie. they are priced below 
    book value), and ideally,

 5) stocks that are currently out of favor and shunned by most investors 

-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................
From: tucker@shiva.edsg.hac.com (George Tucker)
Newsgroups: misc.invest
Subject: Long term index options
Date: 8 Apr 92 18:06:38 GMT
Reply-To: tucker@shiva.hac.com (George Tucker)
Distribution: usa
Organization: Hughes Aircraft Co., El Segundo, CA

Every week in Barron's there are listings for long-term index options
(LSW for S&P500 Dec. 93, etc.).  My broker (Waterhouse) says they don't
exist.  Who is right?


	George Tucker        tucker@kali.hac.com
		Just say NO to incumbents.
From: sdl@linus.mitre.org (Steven D. Litvintchouk)
Newsgroups: misc.invest
Subject: Re: Correction is now
Date: 10 Apr 92 18:07:59 GMT
	<1992Apr09.171531.111892@locus.com>
Distribution: usa
Organization: The MITRE Corporation, Bedford, MA


In article <1992Apr09.171531.111892@locus.com> cjkuo@locus.com (Chengi Jimmy Kuo) writes:

> Why do you celebrate if you are cash liquid?  You didn't make any money.
> So the celebration must be sadistic in nature!?  :-)

First, you *may* have made some money by investing in money market
instruments or bonds with good yields.  Next, after the stock market
drops significantly, there should be some nice bargains to invest in.
Remember: if the stock market drops by X percent off a peak, then it
must rise by 1 / (1 - X) relative to its bottom, just to break even
again.  But if you were not invested during the drop, and invest after
the stock market bottoms and starts rising again, then that factor of
1 / (1 - X) represents profit.



--
Steven Litvintchouk
MITRE Corporation
Burlington Road
Bedford, MA  01730

Fone:  (617)271-7753
ARPA:  sdl@mitre.org
UUCP:  linus!sdl
	"Where does he get those wonderful toys?"
From: Scott.Johnson@FtCollinsCO.NCR.COM (Scott Johnson)
Newsgroups: misc.invest
Subject: 4 Mutual Fund Opinions Request
Date: 13 Apr 92 10:33:15 GMT
Reply-To: Scott.Johnson@FtCollinsCO.NCR.COM
Organization: NCR Microelectronics, Ft. Collins, CO


I am looking for any personal opinions on the following mutual funds.  I
have prospectus and flyers and know about reading Money, etc. to get
more info, but am looking for information from a customer satisfaction
point of view.  Please e-mail and I will be more than happy to post a
summary.  Thanks in advance.

Colonial Tax Exempt Fund.
The Income Fund of America
The Investment Company of America
The Delaware Group Trend Fund.

-Scott

--
-----------------------------------------------------------
E-Mail:  Scott.Johnson@FtCollinsCO.NCR.com
	 uunet!ncrlnk!ncr-mpd!Scott.Johnson
Prodigy:  BGMR35A
GA to SK
Makaavan Kissan Suuhun Ei Tule Hiiri.
Newsgroups: misc.invest
From: mmeyer@m2.dseg.ti.com (Mark Meyer)
Subject: Re: JW Gant: EuroDisney. Anyone heard of them?
Organization: Texas Instruments Inc. - Plano TX
	<HMP.92Apr8165343@squash.frc.ri.cmu.edu>
	<1992Apr10.232337.28562@gumby.dsd.trw.com>
Distribution: usa
Date: Tue, 14 Apr 1992 17:30:16 GMT

In article <1992Apr10.232337.28562@gumby.dsd.trw.com> suhre@meltami.dsd.trw.com (Maurice E. Suhre) writes:
> I'd state this as Rule 2 (from Buz Schwartz):  Hang up on any cold
> calls.  Period.

	If I had followed this rule when JW Gant called me, I would
have $900 more than I have now.  Maurice and Buz are right.  Don't
walk, but RUN, screaming, away from cold calls.
	I don't know anything about EuroDisney.

--
Mark Meyer                                               | mmeyer@dseg.ti.com |
Texas Instruments, Inc.                                  +--------------------+
Every day, Jerry Junkins is grateful that I don't speak for TI.
      "I put instant coffee in my microwave oven and almost went back in time."
Newsgroups: misc.invest
From: irving@Happy-Man.com (Irving_Wolfe)
Subject: Re: Hard Drive pounding
Reply-To: Irving_Wolfe@Happy-Man.com
Organization: Happy Man Corp., Vashon Island, WA 98070-7399
Date: Tue, 7 Apr 1992 14:36:55 GMT

In <1992Apr1.175058.1@eis.dofasco.ca> barbon_m@eis.dofasco.ca writes:
>In article <1992Mar31.163009.263@athena.mit.edu>, rlcarr@athena.mit.edu (Richard L. Carreiro) writes:
>> Everyone -- Quantum, Seagate, Conner, etc, especially the last 4 days.
>> Any ideas as to what's driving this?

I was told that the most recent decline is related to an article
that was syndicated in many newspapers about hard disks being
replaced in a few years by something I'd never heard of before,
"flash memory."

 - Irving
-- 
 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 addr: Solid-Value@Happy-Man.com
Newsgroups: misc.invest
From: shag@aero.org (Robert M. Unverzagt)
Subject: Re: 50% Off Stores
Organization: The Aerospace Corporation, El Segundo, CA
Date: Wed, 8 Apr 1992 22:37:24 GMT

In article <1992Apr8.190929.4427@ringer.cs.utsa.edu> jschwarz@lonestar.utsa.edu (Jan A. Schwarz) writes:
> 
>   Does anyone have any information on the 50% Off stores?
> 
>   It has gone from 31 down to 17!  Can't figure out what's wrong.
> 

Why yes -- the stock is merely living up to its name.  (It has
a couple of more points to go, though.)

Shag


-- 
                          |
      Rob Unverzagt       |     Hey you, Whitehouse,
 shag@aerospace.aero.org  |     Ha ha, charade you are.
                          |                             -- The Pink Floyd