HDTenEightyP/NetNews huggingface dataset:
From: lott@bogner.informatik.uni-kl.de (Christopher Lott AGSE)
Subject: Re: Financial markets quoting services?
Organization: Universitaet Kaiserslautern FB Informatik
Date: Fri, 6 Nov 1992 11:04:12 GMT

In article <1992Nov5.163133.22411@samba.oit.unc.edu> Tihan.Seale@launchpad.unc.edu (Tihan Seale) writes:
> la da da da where are free quotes on the net, make me rich, da da la la  da

Personally I'm getting really sick of seeing this question.
I am seriously considering setting up my auto-FAQ poster to post
the following FAQ chunk daily or maybe every other day:

---
    Subject: Sources for Historical Stock Information
    Answerers: bakken@cs.arizona.edu

    There are no free sources for historical stock information, not in
    real time, not with a 15-minute delay, and not via ftp or any other
    legal file-transfer method (but see ** below).

    Copyright violation is the fundamental problem with creating a
    public database of stock information.

    Sources for historical stock information (NOT free) include:

	Prodigy (about US$13/month for basic service)

     [ Compiler's note:  Anyone have a list of other sources?  ]

     ** Joe Discar (discar@nosc.mil) reports the following:
	There *is* a free source for historical stock information.  A BBS in
	San Diego carries most issues on the NYSE, NASDAQ, and AMEX. It is free
      (but limits on-line time to 20 minutes).  Phone number is (619) 482-8675.
---


What do you folks think?  Should I do it or is it (probably) better
just to ignore these questions?  Please email to me; I'm running
down the s/n ratio too much here already.

chris... (misc.invest general FAQ compiler)
-- 
Christopher Lott    lott@informatik.uni-kl.de   +49 (631) 205-3334, -3331 Fax
Post: FB Informatik - Bau 57, Universitaet KL, W-6750 Kaiserslautern, Germany
From: dodson@convex.COM (Dave Dodson)
Newsgroups: misc.invest
Subject: Re: Asset Resolution Corporation
Date: 12 Nov 92 18:41:43 GMT
Article-I.D.: news.1992Nov12.184143.906
Reply-To: dodson@convex.COM (Dave Dodson)
Distribution: usa
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 <1992Nov12.152033.25297@asl.dl.nec.com> alie@csl.dl.nec.com (Andrew Lie) writes:
>Two days ago I received a letter from a company called "Asset Resolution
>Corporation" from Dallas stating that I have a refund from a public agency.
>[...]
>From the letter I got a feeling that
>it has to do with the property which was acquired last year, but I can't think
>of any source which I may have a refund coming.

Was that property you acquired last year your personal residence?  If so,
did you file for a homestead exemption?  A homestead exemption will lower
your property's assessed valuation, making your property tax bill smaller.
Check with your county tax assessor's office.

I think this is the most common "refund" this type of company "finds."

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

Dave Dodson		                             dodson@convex.COM
Convex Computer Corporation      Richardson, Texas      (214) 497-4234
Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: When change to IRA rollover take effect??
Organization: Tandem Computers Inc.,  Cupertino, CA
Distribution: usa
Date: Fri, 6 Nov 1992 01:22:10 GMT

In article <1da8gdINNk4b@sixgun.East.Sun.COM>, awang@sunpix.East.Sun.COM (Angus Wang - Sun NC Development Center) writes:
> 
> Does anyone know when the change to IRA rollovers (to either 
> withhold 20% or require "trustee-to-trustee" transfer) takes
> affect?  

It's not IRA rollovers exactly that are affected.  It's distributions from
company-sponsored retirement programs.  This includes 401(k), 403(b),
457, ESOP, and possible other plans I am unfamiliar with (profit sharing??).

Anyway, the change goes into effect January 1, 1993.

-steve p.
From: rodb@slugo.corp.sgi.com (Rod Beckwith)
Newsgroups: misc.invest
Subject: Taipan Investment Newsletter
Date: 9 Nov 92 15:50:23 GMT
Organization: Silicon Graphics, Inc.

Hello Anybody,

Does anyone know if this publication is worth The $79.00 a year asking
price.
The publishers name is Wiliam Bonner. It is based on emerging technologies
as a basis for investing. I was curious if this was a sound investment of
time & money or just another scam man looking for some easy cash from
us...Joe Hopeful investor.

Thanks for any help you all can provide,

Rod 

-- 
Rod Beckwith     |$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ 
Datacom I/S      |"The great obstacle of progress is not ignorance,
rodb@corp.sgi.com|but the illusion of knowledge."
                 |$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$


			
Newsgroups: misc.invest
From: keithw@iplmail.orl.mmc.com (Keith Wong)
Subject: Re: Interesting article on recession, politics, and Japan (1of2)
Organization: Martin Marietta
Distribution: na
Date: Wed, 4 Nov 1992 23:21:50 GMT

In article <1992Nov4.154644.4416@den.mmc.com>, weiser@pogo.den.mmc.com (Matt Weiser) writes:

|> Looking at the way we are treated vs. how
|> some of my friends who work for foreign companies are treated.

The workers here are treated much differently than in Japan. It's not unusual to find people
over there working in excess of 60hrs/week with no paid overtime and they are even expected
to come in on holidays. Even with 40% raise I don't think I can work in a city as expensive
as Toyko. It's just my belief that things are pretty bad when Americans are turning to 
foreign investors for help. American management is at fault here due to lack of long-term 
planning and wastefulness. It's easy to point fingers and jump ship. People complain too 
much but are hesitant to take action because too much work is required with very little
immediate rewards. To be as efficient at Japanese management, you have to work longer hours
at planning, spend less, be less active socially and put company ahead of family if necessary.
How many Americans are willing to put up with that? So it's easy to jump ship, accepting
responsibilities takes courage and sacrifices. If you are satisfied with foreign managers
making all the major decisions for you and you are just happy to have a job, then somthing
is wrong. If you think it's any easier to get top management positions within Japanese and 
other foreign companies, think again. In Japan, workers are expected to do good work w/o
expecting a pat in the back but here, workers expected to be complimented everytime they
do good work.
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: Re: CHINA - closed end funds - information
Date: 12 Nov 92 21:00:58 GMT
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA

These funds are too new to have any track record outside that of their
fund managers. You might want to check the discount to net asset value
each fund trades at. Right now the China fund is the only one of the
three trading above net asset level. Although this might indicate that
it is performing better, there is a tendency for closed end country
funds to trade down to a discount below net asset value so the China
fund might be overpriced.
Organization: Carnegie Mellon, Pittsburgh, PA
Newsgroups: misc.invest
Date: Fri, 13 Nov 1992 11:23:27 -0500 
From: Jim_Laredo@transarc.com
Subject: Writing options

So say I have 1000 shares of USAir and I want to write call options
since I believe that even though the stock is going to go up it
will not do it at a fast pace. So the stock is trading around 13 1/2
how do I compute the cost of each option, for which month should
I write it for? is it worth it to write a smaller block or am
I just going to pay per contract?

Feel free to use any other company and
thanks,
Jim.


Newsgroups: misc.invest
From: jfm@med.unc.edu (John F. Miller)
Subject: Re: Indexing Capital Gains for Inflation
Organization: UNC School of Medicine, Dept. of Pharmacology
Date: Fri, 6 Nov 1992 13:46:15 GMT

In article <Bx9FMz.DzD@taligent.com> cep@taligent.com (Christophe Pettus) writes:
>I trust this means that if I leave $1,000 in an account for a year at 4%,
>and inflation is 5%, I'll have a $10 loss that I'll be able to deduct
>against my taxes at the end of the year.  Or are stock investors going
>to receive special privileges?
Forget the deduction.  You're comparing apples and oranges.   Interest
paid on a bank time deposit or, for that matter, dividends paid on a bond,
cannot be directly compared to capital gains, since such payments are
current income and are known in advance.  Capital gains, on the other hand,
are speculative in nature.  You may think the price of your stock will go
up, but you have no guarantees of any gain over any given time period.
In some cases, the value of your stock may go to zero, while you do have
some guarantees of the return of your principal from a bank deposit or
bond.  So, don't think of capital gains indexing as special privileges;
think of it as minor compensation of taking some unnecessary risk.




-- 
  John Miller (jfm@med.unc.edu)
  Department of Pharmacology, UNC-CH School of Medicine
  1026A FLOB  (231H) CB#7365, Chapel Hill, NC  27599    Tel: (919) 966-6966
From: cheng@kuhub.cc.ukans.edu
Newsgroups: misc.invest
Subject: <None>
Date: 7 Nov 92 09:50:24 CST
Organization: University of Kansas Academic Computing Services

	Easy Work! Excellent Pay! Taking snapshots. 
	Send a self-addressed stamped envelop to:
        
 	Hang 
	9525 Monrovia, #203
	Lenexa, KS66215
Newsgroups: misc.invest
Subject: Re: How problematic is an RTC takeover?
From: gary@cdthq.UUCP (Gary Heston)
Date: Thu, 05 Nov 92 22:20:23 CST
Organization: Garys' Home for Obsolete Computers

coop@sybase.com (John Cooper) writes:

> I have a passbook savings account, a CD, and a safe deposit box in a local S&
> which I had thought was doing o.k. -- but yesterday it got seized by the
> Resolution Trust Corporation (RTC).  For the time being its operations will
> be the same other than management.  But eventually, if our S&L can't manage
> to merge with a healthier institution, the RTC might dissolve it and then,
> allegedly, our money and box contents will be returned to us.

What the hell are they doing holding your safe deposit box? It has 
nothing whatsoever to do with the operations or liquidity of the 
S&L. I'd find another place to rent a safe deposit box, and move 
the contents there ASAP, if the RTC is attempting to make any
kind of claim on it. (Mine is in a private firm that provides
secure storage, mostly for businesses; costs more, but no 
concerns about bankers going under. More confidential, too.)
Leave the box empty until renewal time, then turn in the keys.

Re: the accounts; they're probably safe. Might want to move them
to a money market account when convenient, grumbling about interest
rates at the time.

I can't believe they're placing any restrictions on your box.
Even when all the banks failed around '29 and '30, there were
no access restrictions on safe deposit boxes.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest,sci.econ
From: floydb@rpi.edu
Subject: re: Medium and Long-term Direction of the Dollar (esp vs Dmark)
Date: Fri, 13 Nov 1992 20:26:44 GMT

In article <26397@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
>The dollar has gone from 1.39 dmarks to about 1.60 in the
>last two months, a gain of about 15%.  The conventional
>wisdom has been that a Clinton administration would apply
>fiscal stimuli to help get the economy going.  This rise in
>the dollar is supposed to be because a Clinton win has looked
>sure, and such stimuli are likely to increase inflation and
>push up the US prime rate.
>
>So what are the views of USENET readers (and the experts they read)


stuff deleted


>Thanks for any feedback!
>--
>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.

my 2 cents

IMHO the US economy may be less of a factor in dollar speculation,
(short term - < April) compared to DMark/German economic factors 
and Yen/Japanese economic factors. 

It is common knowledge that Germany is under pressure to lower its rates.
This may or may not happen in the near future, if it does this will likely
act as a release valve event for dollar buyers. The rate of return in US
currency is considerably less than German currency, and until they come
closer together it would seem that investors are willing to take the extra
risk inherent in the German economy to realize higher rates of return.

Look at what has happened to the #/Britain since their rates started
comming down. The Pound was at $2.00 and is now at $1.50 (25% drop).
They are also off (temporarily?) the ERM standard is is Lire/Italy.

I would short the DMark and Pound, though it may be a little late to
catch the Pound in mid drop.

On that note, anyone have experience buying put/call options on 
currencies? I do so on stocks but have not looked into currency options.
I am less familiar with futures and am less interested. I am to 
understand that not all brokerages deal in currency options? Is this
the case (as least amongst the bigger ones, e.g. Schwab, Merrill Lynch,
etc.)?

Is there any difference between currency options and equity options?
(e.g. American vs European expiration, etc.).

thanks

barry

Newsgroups: misc.invest
From: goykhman_a@apollo.hp.com (Alex Goykhman)
Subject: Re: ***BUY HARKEN ENERGY (HEC) NOW!!!!!
Date: Wed, 11 Nov 1992 19:45:43 GMT
Organization: Hewlett-Packard Company, Chelmsford, MA

In article <1992Nov11.160813.27766@msuinfo.cl.msu.edu> 13501TMC@MSU (Tim Casey) writes:
>
>     Harken energy just received drilling rights off the island of Bahrain off
>of the coast of Saudi Arabia. It is a relatively new company, but it has been a
>round since the Gulf War. The Bass family of Texas has provided the funding for
>the drilling of three wells only. The first well was dry, but the stock went
>from $3 to $8 with huge volume traded during several weeks prior to drilling.
>The stock dropped dramatically within one week after discovery that well #1 was
>dry. They are due to drill again in eight weeks or less and anticipation is
>expected to be the same. This is the unique situation this stock offers. ...

    Harken Energy's situation is indeed unique, in two respects: 

        the company had had no previous offshore oil-drilling experience
        when it received the drilling rights from Bahrain;-)

        at the time, George Bush was (and, I believe, still is) on the HEC's 
        board of directors. That is, George Bush Jr.

    (source: WSJ, 12/11/91, if memory serves, could be also 12/13/92)

    Now that George Bush Sr. has stricken out, HEC is no longer a sure bet
    for political insiders expecting a payout from the sheikdoms (oil for blood, 
    to put it bluntly).

    Beware of the insiders trying to unload the stock...

    Flames >> talk.politics.misc 


>......................................................................Three
>strikes and your'e out. The count is one and oh, and the batter could hit a
>run.
>
>     If you watch this one close, you'll be ok. My broker has been to Harken
>conferences and has met the president. The stock is very low, so it can't fall
>very far; PLUS it has just acuired an exclusive six month contract to drill in
>natural gas rich Venezalia. Oh, I forgot to add, my broker has invested in this
>stock and so has a great majority of his clients. I would not let this oppor-
>tunity go. TELL ALL YOUR FRIENDS ABOUT THIS AND LOOK IN TO THIS STOCK. /tmc





-- 
-----------------------------------------------------------------------------------
Disclaimer: all opinions are mine.
-----------------------------------------------------------------------------------
Newsgroups: misc.invest
From: geopi@cbnewsh.cb.att.com (george.p.cotsonas)
Subject: Viewpoints wanted on AF (Argentina Fund)
Organization: AT&T
Distribution: usa
Date: Tue, 10 Nov 1992 20:14:02 GMT

Seeking opinion on prospects over the near term (months)
to long term (years) for Argentina Fund.

-- 
George P. Cotsonas
AT&T BL/CPL
att!hocpa!geopi
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Bid / Ask difference 
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Wed, 11 Nov 1992 21:49:17 GMT

In article <BxK5yH.C5w@cs.uiuc.edu> bentrup@cs.uiuc.edu (John Bentrup) writes:
>What is the significance for a large difference between
>the bid and asked price of a stock?  The stock is Fischer
>Price (FPP) on the NYSE.  It's spread is on the order of
>19 7/8 - 22.  The stocks that I am familiar with on the 
>NYSE (I believe) normally differ by .25 - .50 and not $2.

I am not sure I understand what you are saying here.

If FPP is on the BYSE, then what is this "spread?"  If it is the
difference between high and low for the day, it is large, but that
happens from time to time.

If you say this is the bid/asked spread, where does this information
come from from an issue traded on the NYSE?

If the last tick on FPP is $19 7/8 then you should have a good
chance of picking it up at 19 7/8.   Where does the 22 come from?
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: langston@memstvx1.memst.edu (Mark C. Langston)
Newsgroups: misc.invest
Subject: Long-term invests for college stdnt?
Date: 11 Nov 92 18:49:12 -0600
Distribution: world
Organization: Memphis State University

  This may or may not be an asinine question, but here goes...

  I'm a college student, and it has recently hit me that I'm gonna be faced
a _lot_ of debt and bills when I get out of college (I am planning on a Ph.D.,
so this is still 5 or more years down the road).  I have never been much good
with money, and I have never had much of it (there's no connection there, I
just don't manage the little I make very well).
  I'm not looking for advice on budget, saving, etc... I can find that anywhere
and is too trivial...I can look it up myself.  What I would like to know is,
is there a cheap, easy way for someone on a very limited income to make long
term investments in stocks and/or bonds? (I'm talking about someone who might
have roughly $100.00 per month available...I _told_ you I was poor...that's
25% of my net monthly income)
  If there is such a way to invest, how would one go about getting involved
in it? (by this, I mean, who do I send the money to and what do I tell 'em?)

Any help would be appreciated... I'd actually like to have a somewhat
financially trouble-free life...or at least be able to put some money
somewhere where it'll draw morethan the 5% my savings account makes
(besides, my grey matter doesn't grok 'savings account'...it always 
ends up as 'secondary, slightly inconvenient wallet'...and I don't even
have an ATM card (well I do, but the bank's in the Pentagon, so I'm kinda
not able to bank there...))

thanks,


-- 
+--------8<------Cut Here------8<------Cut Here------8<------Cut Here---------+
  Mark C. Langston   |  "Secrecy is the beginning of tyranny."                 
  Psychology Dept.   |  "Always listen to experts.  They'll tell you what can't
  Memphis State U.   |     be done, and why.  Then do it."                      
      "Pftph!"       |           -From the notebooks of Lazarus Long
From: schneid@uxa.cso.uiuc.edu (Mike Schneider)
Newsgroups: misc.invest
Subject: A RANDOM WALK DOWN WALL STREET...good book!
Date: 12 Nov 92 07:21:04 GMT
Organization: University of Illinois at Urbana

The book "A Random Walk Down Wall Street" was very interesting
reading, especially for anyone who thinks the can analyze
some data and come up with a good *speculation* strategy.

Burton Malkiel explains that speculating is trying to make 
quick money, while investing is making money over the long haul.
Further, he says that one can create a good investment strategy
but not a good speculation strategy.  It appears that the good
way to make money is to spread out your risk.

The book is basically about why technical and fundamental analysis
won't work, with many examples of exactly when and how it wouldn't work.
Pretty good reading.
-- 
!!! Mike Schneider *** schneid@jerry.stat.uiuc.edu !!!
!!!     Assistant Manager of Systems Services      !!!
!!!            Department of Statistics            !!!
!!!   University of Illinois at Urbana-Champaign   !!!
Newsgroups: misc.invest
From: mbk@netcom.com (Miles Kehoe)
Subject: Re: A waste: putting money in savings A/C..
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 
Distribution: usa
Date: Wed, 11 Nov 1992 08:08:58 GMT

>In article <1992Nov11.014049.25983@novell.com> anand@novell.com writes:
>>
>>The Normal savings A/C in a bank gives less than 3% interest.
>>The present value of inflation is approximately 3%.
>>
<<< stuff deleted >>

>>Eventually you lost: 10000 - 9902.91 = $97.09
>>
>>Am i missing something?.

Nope.. but what you ARE doing is at least getting something back
when the government taxes you heavily for the s&l that went
broke. The way I figure it, I'm paying about $10K over several
years into the fund to pay for s&l crises when I didn't even
have any money in an s&l.. if I HAD, at least I'd feel like I
was paying myself back. Now I'm paying back some other clutz
just like me but with money in s&ls and not in mm funds.
Now if I could just figure out how to get exempt from social
security and still get a million bucks retirement pensions
like congressmen and women.

Ah well.

Miles
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Banks trouble?!!
Date: 7 Nov 92 01:37:35 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <lestrade.721061744@Ra.MsState.Edu>, lestrade@Ra.MsState.Edu (John Patrick Lestrade) writes:
|> >>Of course, I may be wrong, but I think the 1980-81 rate rise debacle that
|> >>crippled the thrifts sitting on long maturity gaps taught the world the
|> >>CYA principle as applied to fixed-income assets.
|> 
|> >What is the CYA principle?
|> 
|> I believe it refers to protecting your vulnerable posterior.
|> 
Well it litterally means "Cover Your Ass..ets"!!!

Applied to fixed-income assets (ie. bonds), CYA says do not borrow short term
and lend long term. Make sure the duration of your assets (bonds or mortgages
you hold) and liabilities (loans and monies you owe) are balanced.

-- 
..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.
......................................................................