HDTenEightyP/NetNews huggingface dataset:
From: pao@wam.umd.edu (Nikos Strifas)
Subject: How funds buy stocks
Keywords: funds,stocks
Organization: Workstations at Maryland, University of Maryland, College Park
Distribution: usa
Date: Mon, 11 Jan 1993 01:48:29 GMT


Investors,

I frequently watch trades on CNBC. I am trying to get a feeling of 
institutional plays and wondered if someone could give me some 
examples/scenarios on the following case: Suppose you are a fund
manager who wants to buy stock XYZ that has an average day volume of 50K
shares. The price of the stock is $5 , trades close to the 52 week high and
you want to pick up 250,000 shares without byuing the whole thing once &
without going into a new high? How do you go about it?

An example was APTS (Apartus Tech). I was watching the stock at $1.85-2.00
with heavy volume for a couple weeks without going anywhere. Its 52 week 
high was 2.25 at the time. Then suddenly broke out & today trades at $4.00.

Thanx,
D. Vouganis
Newsgroups: misc.invest
From: vac+@cs.cmu.edu (Vincent Cate)
Subject: Options software? (Black-Scholes)
Organization: School of Computer Science, Carnegie Mellon
Date: Sat, 9 Jan 1993 04:50:27 GMT


Does anyone have some software that uses the Black-Scholes formula
to try to figure out what reasonable option prices are?  I am looking
for something that I can get for free.  :-)

Thanks,

   -- Vince



Newsgroups: misc.invest
From: Dmerrill@bnr.ca (Dana Merrill)
Subject: Brokerage no commission MF trades
Followup-To: misc.invest
Organization: BNR
Date: Thu, 7 Jan 1993 18:55:57 GMT

I may well have missed it but did anyone ever post a list of the mutual
funds that Schwab trades comission free? If so, I would appreciate a
re-post or email.  Also, does anyone know if any other brokerages are
offering the same deal? If so, who?

Sorry if I missed this info in previous posts, but work can really get in
the way of keeping up with the newsgroups at times!

Thanks,
dam

==================================================================

Dana Merrill                                Bell Northern Research
DMerrill@BNR.CA                         Research Triangle Park, NC
==================================================================
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: What triggers a stop loss order?
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: na
Date: Wed, 6 Jan 1993 18:36:56 GMT

In article <1ievlcINNrk@usenet.INS.CWRU.Edu> schwartz@ces.cwru.edu (David G. Schwartz) writes:
>
>What triggers a stop loss order, an actual trade at
>or below the order price, or a bid-ask spread that
>hits the price?
>
>i.e. If I have an order to sell 100 shares of X at
>     $25 stop loss, and the bid-ask on X is 24-3/4
>     to 25-1/4, last trade 25-1/4;  should there be
>     an attempt made to fill the order?  Or will
>     an attempt be made only if a trade for X is
>     made at $25 or less.

You would buy at the ask and sell at the bid.

So if the last trade was 25 1/4 that is taken as the ask.
From the spread, it is likely that there were trades at a bid at or
below $25.  So it seems as if your order should have been filled.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: ranck@joesbar.cc.vt.edu (Wm. L. Ranck)
Newsgroups: misc.invest
Subject: Re: Buying stocks directly from a company
Date: 6 Jan 93 15:54:04 GMT
X-Newsreader: TIN [version 1.1 PL6]

matthew bohnert (bohnert@leland.Stanford.EDU) wrote:
: 
: >There is an initial $24 fee for a two-year membership.You must also pay First
: >Share a small fee ($2.50 - $4.00 per company) to arrange contact with a member
: >who will sell you a share. The purchase price is then negotiated between the
: >members with a recommended $7.50 "mark-up" to cover the sellers costs. You are
: 									^^^^^^^
: >obligated to sell a share when contacted. 
: ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
: 
: WHOA!  You are `obligated' to sell your shares?!?!?!  What kind of `club' is

The question I would ask: 'Is this a contractual obligation?'  I can understand
it as an informal 'understanding' but you wouldn't want to be forced to sell
shares everytime someone asked because you might never be able to build up
a holding.
--

*******************************************************************************
* Bill Ranck                                          ranck@joesbar.cc.vt.edu *
* Computing Center at Virginia Tech, not Vermont ----------------------^^     *
*******************************************************************************
From: tjochem@d3.ius.cs.cmu.edu (Todd Jochem)
Newsgroups: misc.invest
Subject: S&P Research Reports
Date: 6 Jan 93 13:50:56 GMT
Article-I.D.: cs.C0FqH1.E7v.1
Organization: CMU Vision and Autonomous Systems

I just saw an ad in Barron's for research reports on any public company from
Standard and Poor's. The cost for these 7 page reports is about $10. Has anyone 
had any experience with these reports? Is the saved time worth the $10?

--Todd

-------------------------------------------------------------------------------
Todd Jochem             The Robotics Institute              (412) 268-3653
                        Carnegie Mellon University
tjochem@cs.cmu.edu      Pittsburgh, PA 15213
Newsgroups: misc.invest,misc.taxes
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: Losing lottery tickets
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Mon, 4 Jan 1993 20:22:37 GMT
Keywords: investment?

In article <2060@tsdiag.ocpt.ccur.com> tom@tsdiag.ocpt.ccur.com (Tom Motto) writes:
>
>Our lottery pool has accumulated $1175.- worth of losing
>lottery tickets for the N.J. lottery. (Obviously not a great
>way to risk your money....)
>
>These tickets are all for 1992. On the tax forms gambling
>winnings must be declared, and gambling losses can be deducted
>from the winnings.

True.  You are permitted to deduct your actual gambling losses, but
only up to the amount of winnings.

>None of these tickets are signed or "owned" by anyone. Is it
>legal to sell these losing tickets to a person who has to 
>declare gambling winnings? If the lucky gambler has to pay
>33% taxes on his winnings, these losing tickets are worth
>almost $392.- in tax deductions. If it is legal, is there 
>a "market" where these gambling losses are sold?


I will make the assumption you are not asking if you can do
something illegal.  If you are, of course, please do not use a
public forum for that purpose.

Then the answer to "can I sell losing tickets" is probably no,
if the only reason for doing so is to help someone cheat on his
taxes.  But don't trust me; use the reasonable person rule:   Would
a reasonable person believe you sold losing tickets for some benign
reason, unrelated to helping scam the IRS?   If the case came to
trial, and the prosecutor asked the jury to decide if your were part
of a scam or not, what do you think the jury would do?


>Thanks - its a long shot but these tickets may indeed be worth
>something!!

Not unless you wish to break some laws.

But let's say you can convince the jury you really are naive and you
really believed someone collected losing tickets for the sheer
enjoyment of collecting them.   The sales would now constitute
income to you, which you would have to declare on your taxes!
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
Newsgroups: misc.invest
From: mathex@nuscc.nus.sg (He Xuming (Dr))
Subject: Offering Free Investment Newsletter
Organization: National University of Singapore
X-Newsreader: Tin 1.1 PL4
Date: Thu, 7 Jan 1993 09:10:29 GMT


Worldwide investment is my area of research (as a hobby, of course).
If one is following my recommendations, he would have averaged
25% per year in the past 6 years with below average risks. 

I have no intention to start a financial newsletter on a formal
basis. But I am willing to distribute my informal newsletter to
the first 10 people requesting it by email.

I hope that you will understand that I do not have time to
distribute it to more people. If I receive your request by email
and you are the first ten, you will receive my newsletter by
email regularly. Please email to mathex@nuscc.nus.sg
If you do not hear from me in a few days, you may assume that
you are not the first ten. Sorry for not replying then.

In order to follow the recommendations made in my newsletter, you may
need to have at least $100,000 to invest. And you need to have
a broker helping you buying/selling worldwide securities.
But I do tell you where and how you can carry out all the transactions.

Like any other newsletter, I cannot guranttee profits, even though
my past experience is very positive. 
Newsgroups: misc.invest,misc.taxes
Subject: Re: Need advice to lower taxes
From: gary@cdthq.UUCP (Gary Heston)
Date: Sat, 09 Jan 93 18:05:10 CST
Organization: Garys' Home for Obsolete Computers

davew@willow03.cray.com (Dave Wagner) writes:

> What I don't understand (and correct me if I'm wrong), is that for a normal
> IRA (where you do *not* deduct the depoit's, only the interest is tax defered
> you can only invest $2000 per yr.  But you can open as many as you want.  Is
> this just a loophole that might be closed (i.e. the as many as you want).  If
> not why not get rid of the limit and make everyone's paperwork easier.  

Ummmm... You're limited to a total of $2000 in contributions, no matter
how many IRAs you have; you can put $200 in each of 10 IRAs, or $2000
in one IRA, but no more than $2000 total.

I.e., there's no loophole there....

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: paul@panix.com (Paul Gatker)
Subject: Re: Electronic stock prices
Date: Tue, 12 Jan 1993 15:13:13 GMT
Distribution: us
Organization: PANIX Public Access Unix, NYC

>|> > I am looking for stock prices in electronic form.  I would like to get
>|> > daily prices, and also historical data.
>|> > 
>|> > 
>|> > I would also like to find an FTP site with historical stock data.
>|> > 

>Dow Jones News Retrieval offers a flat-fee service for historical stock
>quotes and selected news articles.  $25/month, access at 2400 and 9600
>baud between 8pm-6am your local time.  You can download all the data you
>like.  Historical quotes go back to early 1980.  My only gripe with them

 It's too bad a person has to pay $25 per month to get historical data! There
really should be a way to get this info via some ftp sight. I can see the fee
for up to the minute price quotes but for a list of historical facts?

 I realize there is a legal issue of who owns what list, but still......

-- 
*******************************************************************
paul@panix.com                                    COMPULITE GRAPHICS
Brooklyn NY usa                                Design & Consultation
********************************************************************
Newsgroups: misc.invest
Subject: mutual fund
From: <LEWCU@CUNYVM.BITNET>
Date: Saturday, 9 Jan 1993 09:55:55 EST
Organization: City University of New York/ University Computer Center

Has anyone ever heard of the Fasciano Fund?  Does anyone
know their address and telephone number.
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: High-load Funds (was Re: Mutual Funds???)
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Mon, 4 Jan 1993 16:14:15 GMT


In article <Jan.3.22.47.34.1993.3571@romulus.rutgers.edu>, clong@romulus.rutgers.edu (Chris Long) writes:
>In article <1992Dec29.183850.13083@engage.pko.dec.com>,
>  sullivan@brandx.enet.dec.com writes:
>
>> ditto on Primerica.  They might actually charge 8.5% front-end load.
>
>And people actually go for it?  Unless God is the portfolio manager,
>I can't see what it could have going for it.

[God charges 10%!  But we get the 90% capital free.  :-)]

More seriously, it is common for many international funds to have an 8%
front load.  The excuse they give is there are more expense in
international trading.  E.g. It costs $1.00 a minute for international
phone calls, but just $0.40 for domestic.

Newsgroups: misc.invest
From: brody@eos.arc.nasa.gov (Adam R. Brody )
Subject: New Issues
Summary: How well do new issues fare?
Keywords: IPO
Organization: NASA Ames Research Center
Date: Mon, 4 Jan 1993 18:40:10 GMT

I was wondering what the general course of events for new issues
is.  Do they typically start out with a bang and then fade with
a whimper.  One that caught my eye for this past year is Fresh
Choice in the Bay Area.  It is a salad/pasta place that is always
crowded and its stock went public last month.  Anybody know any more?
Newsgroups: misc.invest
From: tcbd@cbnews.cb.att.com (tom.c.b.davison)
Subject: Re: mutual fund
Organization: AT&T
Distribution: usa
Date: Mon, 11 Jan 1993 02:04:23 GMT
Summary: phone #

In article <93009.095555LEWCU@CUNYVM.BITNET>, <LEWCU@CUNYVM.BITNET> writes:
> Has anyone ever heard of the Fasciano Fund?  Does anyone
> know their address and telephone number.

190 S. LaSalle St, Suite 2800
Chicago, Il 60603

800-848-6050

they have had some good success.
Newsgroups: misc.invest
From: buehlman@iwf.mabp.ethz.ch (Buehlmann Thomas)
Subject: Re: Investment magazines
Organization: Swiss Federal Institute of Technology (ETH), Zurich, CH
Date: Wed, 6 Jan 1993 06:40:38 GMT

watanabe@cs.uiuc.edu (Larry Watanabe) writes:

>>Do not overestimate the meaning the p/e since it only reflects the trust
>>of the investors into this equity. A much more expressive figure could be
>>the earnings per share as this really tells you what the company is doing
>>and not what the investors are thinking the company will be doing...

>At least P/E is invariant under stock splits and reverse splits, 
>which isn't true for EPS.

>-Larry Watanabe watanabe@cs.uiuc.edu

Theoretically yes, in practice NO. If you split stocks you make them more easily
tradeable and give some sign to the investors. They take it up trade and change
the PRICE, so the P/E is NOT constant.
From: schindler@csa2.lbl.gov (AARON SCHINDLER)
Newsgroups: misc.invest
Subject: Re: < $5000: don't buy stock?
Date: 11 Jan 1993 11:34 PST
Organization: Lawrence Berkeley Laboratory - Berkeley, CA, USA
Distribution: world
NNTP-Posting-Host: 128.3.254.197
News-Software: VAX/VMS VNEWS 1.41    

In article <1993Jan8.095056.14477@eskimo.com>, jammer@eskimo.com (Lyle Harwood) writes...
>What I would like to do is invest in somthing incredibly fast paced,
>as I alone of the people I know have the TIME to sit there and pounce
>on anything that moves at anytime day or night.
> 
>What I don't have is information. Now, don't laugh. The amount I'm
>talking about is less than Lisa's 5000. It is less than ONE thousand.
>It is probably less than five hundred! I could prolly make five hundred,
>but that would involve some political manuevering. (You know, with HER).
> 
>How do I get there from here? What should I read? What should I study?
>How do I buy? How do I sell? Where and how can I LEARN?

>Lyle

Does anyone know if the Mid-Am exchange is still operating in Chicago?  
I recall hearing a few years ago that you could trade mini-size futures 
contracts there.  i.e. Instead of 5000 bushels of wheat, just 1000, etc.

|=======================================================================|
| Aaron Schindler                                Schindler@csa.lbl.gov  |
|                                                                       |
| "How I made my fortune?  It was really quite simple.  I bought an     |
| apple for five cents, spent the evening polishing it, and sold it the |
| next day for 10 cents.  With this I bought two apples, spent the      |
| evening polishing them, and sold them for 20 cents.  And so it went   |
| until I had amassed $1.60.  It was then that my wife's father died    |
| and left us a million dollars.                     --anon             |
|=======================================================================|

My reader forces me to post more test than I include from the previous post.
That is why I use such a large .sig and why I am telling you this.  Ignore
it in the future and any other derivatives. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: IBM vs DEC
Organization: AT&T
Date: Mon, 11 Jan 1993 14:50:29 GMT

In article <1iqc3m$6br@agate.berkeley.edu> devine@olympus.CS.Berkeley.EDU (Bob Devine) writes:
>chedley@rigel.cs.pdx.edu (Chedley A. Aouriri) writes:
>: Actually IBM is probably oversold and may be due for a nice
>: short term bounce. And a few savvy investors think IBM is
>: a screaming buy at $52....
>
>Then again, it might be a screaming buy at $48....  :-)
>
>Bob Devine

Nah, I predict it'll go down to at least 46 1/2. Give him a
break, though. He DID say only a FEW savvy investors thought 
it was a buy (opps screaming buy) at $52.
From: stpeters@crd.ge.com (Dick St.Peters)
Newsgroups: misc.invest
Subject: Re: Unisys as a Play
Date: 6 Jan 93 00:38:30 GMT
Reply-To: stpeters@crd.ge.com
Organization: GE Corporate R&D

In article 8054@cactus.org, ortega@cactus.org (Paul Ortega) writes:
>
>I think this is too shaky a company to consider their stock
>to be undervalued.  Their stock is low-priced because it's
>worth that little.

Could be, but a better reason to avoid Unisys as a "play" is that the
main action is over with.  The stock is roughly $10 now, but that's off
a low of less than $2 (maybe less than $1).

--
Dick St.Peters
GE Medical Systems, New Berlin, WI  stpeters@med.ge.com (temporary)
GE Corporate R&D, Schenectady, NY   stpeters@crd.ge.com (permanent & forwarded)
From: sbrenner@cbnewsb.cb.att.com (scott.d.brenner)
Subject: Janus Twenty Closing to New Investors - Significance?
Organization: AT&T
Distribution: usa
Date: Mon, 11 Jan 1993 16:48:58 GMT

I'm invested in both the Janus Fund and the Janus Twenty Fund.  I just
got a letter telling me that the Janus Twenty Fund will be closing to
new investors.  As a current investor, though, I'll be able to continue
to add to my account.

I think I understand why a fund would close, but if anyone wants to give
me his/her ideas, I'd be interested in hearing them.  My big question,
though, is "is this a good thing or a bad thing for me, and is there
anything I should do?"

a T d H v A a N n K c S e

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Scott D. Brenner                  AT&T Consumer Communications Services
sbrenner@attmail.com                          Basking Ridge, New Jersey
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
From: chedley@rigel.cs.pdx.edu (Chedley A. Aouriri)
Newsgroups: misc.invest
Subject: Re: Need advice to lower taxes
Date: 8 Jan 93 04:11:05 GMT
Article-I.D.: pdxgate.6670
Distribution: usa

In article <16262@auspex-gw.auspex.com> daryl@bovill.auspex.com (Daryl Starr) writes:
>Is there anyway to shelter capital gains for stocks?
>
YES! Hold your stocks. As long as you do not sell them, no capital gains 
has been realized and no taxes are charged. But then again, the gains are
only on paper!!!
>
>Can one trade stocks and avoid capital gains tax?
>
NO! If the trade results in gains, taxes are due!!! 


.CHEDLEY..
chedley@cs.pdx.edu
------------------------------------------------------------------------
From: zdenek@ksr.com (Zdenek Radouch)
Newsgroups: misc.invest
Subject: Re: flash memory
Keywords: flash memory, disk drives
Date: 5 Jan 93 18:20:04 EST
Organization: Kendall Square Research Corp.

In article <C0CzB4.JqF@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>I have been hearing a lot about flash memory chips and how
>they will replace disk drives in computers.
>
>Perhaps more informed readers could tell me about the 
>economics of flash memory, disk drives, and the implications
>for the profitability of companies such as Seagate, Maxtor,
>Quantum, etc.

It's going to take a long time (if ever) before Flash chips can
compete with disk drives. Just to give you some idea; they are
very similar to EPROMs in densities and speeds except for the fact
that you can erase the Flash chip electrically.
You can buy 1MB chips (Intel and AMD are major players) for ~$30,
that's pretty expensive. Except for the new AMD designs you cannot
selectively write the chip, you have to erase the whole chip first.
Even the segmented AMD chips have segments much bigger than your
512 bytes on a disk. The Flash writing (actually erase+write) is
very slow compared to the disks.
The only parameters where Flash memories beat the disks are
read access (no seek for Flash) and reliability (no moving parts
for Flash).

So if you need an updatable ~10MB READ ONLY device go for a Flash,
otherwise you'll stay with a disk drive for a while.
I don't think the Flash memories will affect the disk market at all.

-Z
From: faigin@aero.org (Daniel P. Faigin)
Newsgroups: misc.invest
Subject: Re: Quicken & Investments
Date: 4 Jan 93 10:36:29
Organization: The Aerospace Corporation, El Segundo, CA
NNTP-Posting-Host: soldan.aero.org
In-reply-to: jdart@donner.Rational.COM's message of Mon, 4 Jan 1993 18:16:35 GMT

On Mon, 4 Jan 1993 18:16:35 GMT, jdart@donner.Rational.COM (Jon Dart) said:

>    3. Entering historical price data for a security is a pain.  If you
> choose "Update Prices" from the menu, Quicken will only let you enter
> prices for the current date.  You can import price data from an ASCII
> file, but this is not very convenient.

At least in the DOS version, there is an option available from one of the menu
bars (I don't recall which) that allows you to set the date you are updating
prices for.

Daniel
--
[W]:The Aerospace Corp. M1/055 * POB 92957 * LA, CA 90009-2957 * 310/336-8228
[Email]:faigin@aerospace.aero.org              [Vmail]:310/336-5454 Box#13149
		    "And as they say, the rest is compost"
Newsgroups: misc.invest
From: rmrin@cbnewsk.cb.att.com (r.m.rickert)
Subject: Re: Buying stocks directly from a company
Organization: AT&T
Distribution: na
Date: Fri, 8 Jan 1993 13:34:40 GMT

In article <tan.726185433@aries> tan@aries.scs.uiuc.edu (Lian Tan) writes:
>I guess the title says it all.  Would anybody have any idea where to find
>such a list?  Thanks in advance.
>
>L.T.  
>

Try the book "Buying Stocks Without a Broker", Charles B. Carlson,
McGraw-Hill.

If you save lots of money, next year you:

1)	owe me an XMAS present.

2)	should make a donation to your library's new book fund.
-- 

Dick Rickert  AT&T Consumer Products Laboratory


Newsgroups: misc.invest
From: bohnert@leland.Stanford.EDU (matthew bohnert)
Subject: Re: OK, what about THIS strategy?
Organization: DSG, Stanford University, CA 94305, USA
Date: Fri, 8 Jan 93 18:36:07 GMT

>>strategy:  each August (I don't know the significance of August)
>>he would buy stocks with a low PE ratio (4 or less), and sell those
>>whose PE ratio had grown out of that range over the previous year.
>>He supposedly only did this once each year.
>>

>from what I have read, P/E ratio itself means nothing.  A company's
>stock price could be falling, hence reducing its P/E ratio, and
>buying that stock can make you lose money, if the principal continues
>to drop.
>

Cyclicals also tend to have low PE's exactly when you DON'T want to buy
them.  One example is the car makers (Ford, GM, Chrysler), who have low
PE's just as they're raking in hoards of cash.  Of course, by then the
stocks are usually fully valued since most people discount cyclicals
ahead of time.  Check out Ford in the mid 80's when they were earning
billions.... I think they had PE's of around 5 or so, but the stock was 
peaking.


Matt Bohnert                 | Ron : That's certainly an impressive desk,  
Building 500, Room 501B      |		Mr. Speaker.
Stanford University          | Tip : Why thank you, Mr. President. It was
Stanford, CA    94035        |		used by Grover Cleveland.
415.723.4490                 | Ron : Really? He was a great pitcher. I played
bohnert@leland.stanford.edu  |      	him in a movie once.
			     | Tip : No sir, you're thinking of Grover C.
			     |		Alexander.  I was referring to
			     |		the former President.  --- Jan, 1981