HDTenEightyP/NetNews huggingface dataset:
From: gary@cdthq.UUCP (Gary Heston)
Date: Mon, 13 Apr 92 19:33:56 CDT
Organization: Garys' Home for Obsolete Computers

petri@venus.iucf.indiana.edu (HOWARD PETRI) writes:

> In article <5304@pdxgate.UUCP>, jprice@eecs.cs.pdx.edu (James Price) writes..
> >rjc@cbnewsf.cb.att.com (robert.cook) writes:
> > 
> >>This market kind of reminds me of a movie (WWII) where they're dropping "TH
> >>BOMB" and the boomer won't be able to clear the area.  So Slim Pickens, I
> >>believe, rides the baby down. 
> > 
> >>Robert
> > 
> >  I believe the movie you are thinking of is _Dr. Strangelove, Or how i
> >learned to stop worrying and love the bomb_.
> > 
> >James
> 
>      Nope; the movie you are thinking of is Fail Safe.

I believe it's _Strangelove_, _Fail Safe_ had a much different
climax. Not that any of this has to do with investing, unless we're
going to start a thread about investing in bomb dismantling contractors.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: nagel@Cigna.COM (Mark Nagel)
Subject: how do I sell non-publically traded stock?
Organization: CIGNA FIRST, Irvine, CA
Date: Fri, 17 Apr 1992 14:46:34 GMT

I have 1000 shares in a local startup plus 2515 restricted shares (I
don't have them yet, but can get them anytime I want).
Unfortunately, the stock is not publically traded, so I can't easily
sell it and I'd like to get rid of it for personal reasons.  Is
there any agency that handles this type of thing or do I have to
just troll for possible buyers personally?

-- 
Mark Nagel
  Network Administrator                 UUCP: {uupsi,ucivax}!cigna!nagel
  CIGNA FIRST                           INET: nagel@cigna.com

Newsgroups: misc.invest
From: ff76@vaxb.acs.unt.edu (Jhinuk Chowdhury)
Subject: Re: So-called Experts and Timing 
Organization: University of North Texas
Date: Sun, 12 Apr 1992 20:12:49 GMT

In article <1426500157@igc.org>, mcaldon@igc.org (McAldon International Inc.) writes:
> 
> |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.
>                            
> |    mcaldon@igc.org 

The inherent sarcasm notwithstanding, buying into a fund at lower and lower
prices, *is* what provides that punch to effective yield, _provided_ it is
reasonable to expect the fund to grow in the long run.  That is, in fact, what
makes Dollar Cost Averaging such a good idea, and Value Averaging an even
better idea.  If we accept that someday the Japan fund will shine again (and
some of you, understandably, don't want to think or speculate about that), then
Satya is ahead of me in locking some of the shares at lower prices while I sit
around and wait for a bottom that I will never be able to second guess.  

On the other hand, if Japan fund never recovers, this will be averaging down in
the truest sense.  But if you think you *know* that for sure . . . 

Regards,    - Jhinuk.

"I went bottom fishing the other day.  You should have seen the one that got
away."
From: prabhak@cs.umn.edu (Satya Prabhakar)
Newsgroups: misc.invest
Subject: Re: Stocks newsletter. Netletter!
Date: 8 Apr 92 10:47:04 GMT
Article-I.D.: cs.1992Apr8.104704.6895
Organization: University of Minnesota, Minneapolis, CSci dept.

(Lee) writes:
>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.
> 

Yes! I forgot to include this in my posting but DRIP is the best
little-known secret today. About 1000 companies offer automatic
Dividende Reinvestment programs whereby you can completely
eliminate the 'damned broker and his commissions.' You can invest
as little as $50 each month if you want dollar-cost average. And,
get this, some magnanimous companies actually offer shares at a
*discount* to the market price. 

However, the Newsletter which I was referring to recommended 
little known stocks who will have no DRIP plans. Only giants
like Pepsi, Exxon and others have this.

Satya Prabhakar (satya@ssdc.honeywell.com)
From: burgoyne@highlite.uucp (J. Robert Burgoyne)
Subject: Re: Windows 3.1 launch
Organization: Gotham Communications Research, Laurel, MD
Date: Mon, 13 Apr 1992 19:46:03 GMT

In article <sehari.702759692@du139-201.cc.iastate.edu> sehari@iastate.edu (Babak Sehari) writes:
>
>However, I believe MS did not gain all that popularity by it's own virtue.  MS
>gained most it's  popularity by closely cooperating with IBM.  As, most of 
>you know IBM came out with the original PC. 

So what the heck does that have to do with anything _now_? 

>Now, with IBM beating MS and other more innovative companies such as Borland,
>Digital Research (DRDOS), and even to some extent ATT's Unix are 
>competing for the same piece of pie, I do not think MS could continue to 
>increase revenue with the same peace as before.  AS a result, it just 
>need only one quarter of not meeting the speculator's demand, i.e. it's 
>earning growth does not match the wall street's expected earning
>growth, to lose most of it's exaggerated value.
>
>Now, do not misunderstand me, I am not saying it won't be a profitable company.
>What I am saying is the earning GROWTH might not match the previous years.

Microsoft has a ton of products available now that weren't available last 
year during 25% growth. Many, many products. And they just bought Fox.

The situation will hardly reverse itself. More users enter the market every day.Existing customers update products.

>On the same note, IBM might surprise all the wise kids this time with better
>performance.  Unlike MS, which is in favor now, IBM is out of favor. 
>Eventhough, the price is not still right, but when and if it hits to low  
>60's or high 50's, it is the stock to have, at least for short term. Off 
>course, the assumption is interest  rates stay the same or go lower.

Sorry, but IBM is out of it as an investment company. The stock is worth less
today (adjusted for inflation & including dividends) than it was 10 years
ago. People who understand the computer market have only negative things to
say about buying IBM.

Just my opinions.

Robert
Newsgroups: misc.invest
From: barrada@infonode.ingr.com (Ahmed Barrada)
Subject: Re: MRK (Merck) - Stock Split scheduled to happen ?
Organization: Intergraph Corporation, Huntsville, AL.
Date: Mon, 13 Apr 1992 14:55:06 GMT

In article <kublhhINNott@exodus.Eng.Sun.COM> sriram@cremona.Eng.Sun.COM (Sriram Ramachandran) writes:
>Someone told me that Merck stock was about to be split ?
>Is this true ? Can someone confirm ?
>
>thanks,
>sriram/.

MRK will split 3:1.

Sincerly ,

Ahmed Barrada

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

Ahmed Barrada
104H / LR24A
Infrastructure Group / AEC
Intergraph Corp
Huntsville , AL 35894-0001 , USA

Internet: barrada@karam.b24a.ingr.com

205 / 730-8150 w , 205 / 730-8743 f
Newsgroups: misc.invest
Subject: The Investment News from Taiwan
From: chlin@koko.csustan.edu (Chia-Hui Lin)
Date: Thu, 9 Apr 92 05:42:41 GMT
Organization: CSU Stanislaus

Hi, every one :
	There is a news from Business Week April 13, 1992.  It is 
a advertisement from Taiwan, R.O.C.. Over the last four decades, 
the worBld has witnessed Taiwan's economic miracle. From being a 
Country that focuses strongly on exports, the Republic of China is
now working towards a better balance of trade. 
	The goverment has made serveral tariff cuts to encourage 
imports, particularly from the U.S.. The Republic of China has introduced
a wide range of incentives for investors from abroad. They also encourage
and welcome you who has the skill and ability to help them for their
Six-Year National Developemnt Plan. 
	I am a foreign student from Taiwan. I am glad to see my country is 
changing and improving our living standard. I hope that it will be a good
chance for foreign people to enter new business in Taiwan.  
 
	Thank you for reading this letter. 

							Sincerely,
							

							Lin, Chia-hui
						  
Xref: sparky misc.invest:6738 nj.wanted:292 nj.market.housing:156
From: dsm@ctt.bellcore.com (David Miller)
Newsgroups: misc.invest,nj.wanted,bcr.wanted,nj.market.housing
Subject: Mortgage Info Request
Keywords: Mortgages
Date: 9 Apr 92 17:19:47 GMT
Distribution: nj
Organization: Bellcore

I'm looking to buy a townhouse in Central NJ (first real-estate
purchase), and could use some info on how to find the best mortgage.
My prime consideration is to reduce initial costs as much as possible,
since I don't have a large amount of savings, and I'd probably be
looking to turn the place over within a few years.  So, I'm looking
for a 0-point, minimum downpayment mortgage, with as few up-front
costs as possible.  I'd also probably prefer an adjustable rate since
I'm planning on selling the place within 5 years or so.

Anybody have any idea where I could find such a thing from a decently
reputable company???

BTW, I'm doing this for the tax savings over renting, and because I think buying 
real estate these days is probably a good investment.  

Would most people agree that this is a sound assessment??

Thanks for any help!
Dave.

--------------------------------
David S. Miller                   |INTERNET:      dsm@ctt.bellcore.com
Bellcore - RRC 1H213              |UUCP:          ..!bellcore!ctt!dsm
444 Hoes Lane                     |PHONE:         (908) 699-5106
Piscataway, NJ 08854-4182         |
Xref: sparky misc.invest:6604 rec.arts.disney:2344
From: cml@cs.umd.edu (Christopher Lott)
Newsgroups: misc.invest,rec.arts.disney
Subject: Re: EuroDisney Stock
Date: 8 Apr 92 19:17:35 GMT
Followup-To: misc.invest
Organization: University of Maryland Dept of Computer Science

From what I know, US-Disney holds a controlling interest in Euro-Disney,
so you can play the Euro park by holding the shares here.  Not certain of
what percentage is held by US, I believe > 50%.

Oh, and DIS is down a couple more points today.

chris..
-- 
Christopher Lott \/ Dept of Comp Sci, Univ of Maryland, College Park, MD 20742
cml@cs.umd.edu   /\ 4122 AV Williams Bldg  301 405-2721 <standard disclaimers>
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Tue, 7 Apr 1992 22:18:39 GMT
Subject: Re: Fin Hlth Sci, 20th Cent Ultra plummet
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, g-martin1@uiuc.edu (Gregory A. Martin) writes:

> Recently I have noticed that Financial Strategic Health Sciences and
> 20th Century Ultra have been getting hammered while the Dow is keeping
> fairly constant. Anyone have explanations for the 15% drops since
> January?   ---- Greg Martin, g-martin1@uiuc.edu

The overall market is dropping, and biotech is dropping fastest.  The DJIA
is bucking the trend of most other stock averages.

BDR
From: met@cunyvms1.gc.cuny.edu
Subject: index futures
Reply-To: met@cunyvms1.gc.cuny.edu
Organization: Computer Center, CUNY Graduate School, New York NY 10036
Date: Thu, 9 Apr 1992 19:32:45 GMT

Hi! 
The following question has been in my mind the last day or two, and
I wanted to doublecheck it with other peoples' opinions who are
in the industry trading index futures and/or happen to know the answer
to my question ....
"If you had to make a list of institutional traders in index futures
(those who are using these contracts for hedging purposes) who wouldup
take the first three places?..."
and: "Can we guess/estimate their weights in the trading of these contracts?"
All opinions on these two questions are more than welcome!!!!
Thanks.
Newsgroups: misc.invest
From: dlw@odi.com (Dan Weinreb)
Subject: Re: Perot on the federal debt
Reply-To: dlw@odi.com
Organization: Object Design, Inc.
Date: Tue, 7 Apr 92 20:41:57 GMT

In article <1615@rufus.UUCP> shekita@yeti.almaden.ibm.com writes:

   How does Common Cause feel about Perot? 

I don't know.  I don't think I've gotten any mailings from them since
he entered the race; but I also don't know if they have positions on
candidates, per se.

					   And In general, I'm curious about
   how the net feels about Perot? 

He does know how to raise hell and talk assertively.  Has he put forth
any proposal with any detail about what he intends to do about
anything?  For example, regarding the deficit, does he have any
numbers about how he intends to adjust discretionary spending,
entitlement spending, and tax revenue, so that it all adds up to a
deficit of only $X, or anything like that?  (Admittedly none of the
other candidates has done that either.)
Xref: sparky misc.invest:6595 rec.arts.disney:2340
From: schof@sleepy.bmd.trw.com
Newsgroups: misc.invest,rec.arts.disney
Subject: EuroDisney Stock
Date: 8 Apr 92 10:45:24 MST

I am planning to purchase some EuroDisney stock that is traded on the Paris 
Exchange.  Does anyone have any information about EuroDisney?  I have heard 
that EuroDisney's hotels have been booked five years in advance. (That's kind 
of hard to believe, especially when it's coming from a stock broker.)  If 
EuroDisney takes off like DisneyLand and DisneyWorld and Disney in Japan, 
the stock could be a real winner.  Last I heard it was trading around 26 in 
US $.

If anyone has any more information, please let me know.
Thanks,
Cory Schofield
-- 


*****************************************
*  Cory Schofield			*
*  Cory_Schofield@oz.bmd.trw.com	*
*  (801) 776-9186                       *
*****************************************
From: thant@horus.esd.sgi.com (Thant Tessman)
Newsgroups: misc.invest
Subject: Re: Stock market "Correction"?
Date: 7 Apr 92 21:44:37 GMT
Organization: sgi

In article <1992Apr3.011958.15593@investor.pgh.pa.us> rbp@investor.pgh.pa.us (Bob Peirce #305) writes:

>More money IS inflation.  


In article <121953@lll-winken.LLNL.GOV>, kent@phoenix.ocf.llnl.gov (Kent J Crispin) writes:

> No, increasing prices IS inflation.  If the money supply is increased at a 
> lesser rate than the growth of the economy, then prices would, in theory,
> decrease, but the money supply is still increasing.

The original definition of inflation was expansion of the money 
supply.  The latter definition of inflation was invented by
'inflationists' to distract people by separating cause and effect.

thant
From: TW.A51@isumvs.iastate.edu (Jim Berg)
Subject: Re: Last minute (4/15/92) IRA
Organization: Iowa State University, Ames IA
Distribution: usa
Date: Wed, 8 Apr 1992 18:56:01 GMT

In article <1992Apr8.180003.9294@natinst.com>,
neilf@natinst.com (Neil Feiereisel) writes:
>My wife and I are looking to put $2,000 into an IRA to save on our 1991 taxes,
>and I've heard that we can do this as late as 4/15/92, and still deduct this
>amount on our 1991 return.
>
>My question is if I file for the standard 4 mo. extension ,can we set up the
>IRA after 4/15, but before filing the return?  An investment advisor teaching a
>local investment class made it sound like I didn't have to rush to meet the
>4/15 deadline as long as I had an extension to file my 1991 return.
>
>Anybody know for sure or know where I could find out?
>Thanks in advance.
>
>Neil Feiereisel
>neilf@natinst.com

Neil,  You have to have your IRA in place by April 15.  The
filing extension has no bearing on that.

Jim
Newsgroups: misc.invest
From: klur@cbnewsb.cb.att.com (david.s.klur)
Subject: TELV and VIFL
Organization: AT&T
Date: Thu, 9 Apr 1992 02:10:19 GMT

Does anyone have suggestions for investing in Vindicator (VIFL-OTC),
theh food-irraddiation comany in Florida?

Also, does anyone know anything about Televideo (TELV-OTC)?

Thanks

Dave Klur
dklur@attmail.com

Newsgroups: misc.invest
From: jackson@bluemoon.rn.com (jack cole)
Subject: Re: Time to invest in Japan Fund??
Keywords: International Fund 	Hi, 		I'm interested in investing in mutual fund. Since US M
Organization: Blue Moon BBS ((614) 868-998[024])
Date: Tue, 07 Apr 92 20:18:15 EDT

tkuru@cpocor.intel.Com (Tolg Kuru) writes:

> 
> Hi,
> 
> Although the consensus is that Japanese market has not hit bottom yet, I
> feel that it is aproaching bottom.  Therefore I would like to invest in the
> Japanese market through a dollar cost averaging method through a mutual fund
> that is linked to the Nikkei 225 (kind of like the S&P 500).  What do people
> in netland think of this.  Which mutual funds have an account indexed to the
> Nikkei 225, and what are their phone numbers?  Thanks in advance for your 
> help and comments.
> 
> Regards,
> Tolga Kuru          tkuru@sedona.intel.com   

Don't do it.  A better route is Price New Asia fund which is a no-load
fund of the Pacific rim countries excluding Japan. 800-638-5660



Jackson
From: nfs@hart (Norbert Schlenker)
Newsgroups: misc.invest
Subject: Re: Japanese PEs (Re: Time to invest in Japan Fund??)
Date: 9 Apr 92 13:19:05 GMT
Article-I.D.: Princeto.1992Apr9.131905.29346
Organization: Princeton University, Dept. of Computer Science
Originator: news@ernie.Princeton.EDU

In article <1992Apr9.100213.10667@cs.umn.edu> prabhak@cs.umn.edu (Satya Prabhakar) writes:
>
>Looking at the stupendous growth many Japanese companies have demonstrated
>consistently, I think they deserve a higher PE than their global counterparts.
>Some commentator was saying, "3% growth in GNP in Japan is cause for playing
>funeral music on radio for a week while in US it is time to pop open champagne."

Just wait until the 1992 numbers are in, though.  What sort of music are
they going to play when GDP drops year over year?

>A good analogy is Microsoft and Walmart. They have witnessed fantastic
>growths in the past and investors keep propping them up at PEs or
>42 and 38 respectively. No one seems to say that these are overvalued!

I'll say Microsoft is overvalued.  It was a screaming short at 129 a week
and a half ago, and it's still tempting now at 115.

Norbert
nfs@cs.princeton.edu
Newsgroups: misc.invest
From: gary@cdthq.UUCP (Gary Heston)
Date: Sun, 05 Apr 92 20:21:01 CDT
Organization: Garys' Home for Obsolete Computers

shekita@yeti.almaden.ibm.com writes:
>
> [ regarding Perot ]
> 
> On the three occasions when I've heard Perot talk on politics, he actually 
> seemed quite reasonable. The guy looks like a marine from the fifties, but 
> he speaks with conviction... One thing's for sure, if Perot is ever elected,
> business as usual would all but stop in Washington. Maybe that's precisely 
> what we need right now.
> 
> And Steve Jobs likes him too :-)

Man, that could blow his chances right there. If Gates comes out in
favor of him too, *nobody* will vote for him.

Gary Heston, at home....        ...and I'd have changed the Followup-To:
gary@cdthq.uucp                    header if I could...
Xref: sparky misc.invest:6839 sci.econ:3773
From: mitch@tss.com (Mitch Shapiro)
Newsgroups: misc.invest
Subject: Q: Chicago, Minn/St.Paul, Deluth:  Economy/Real Estate Mkts?
Date: 8 Apr 92 18:14:13 GMT
Distribution: usa
Organization: Teknekron Software Systems, Inc.


Greetings, All.

I'm trying to research the economic environment of the above areas.
Being based in sunny California, I have little understanding for the
current economic client out in the midwest.  Can anybody out there
give me a synopsys of these areas?

I'm particularly interested in the real estate market, but since
the world is just one large market system, any information would be
greatly appreciated.

Thanks for the help.

[Mitch]


-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
      "Everywhere is walking distance if you have the time."
                                                            -- Steven Wright
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
                 Mitch Shapiro                  mitch@tss.com
                          Teknekron Software Systems
                         Palo Alto, CA   415/325-1025
-- 
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
      "Everywhere is walking distance if you have the time."
                                                            -- Steven Wright
-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-=-
From: Ari_Kornfeld@QM.SRI.COM (Ari Kornfeld)
Newsgroups: misc.invest
Subject: Re: Let us bet on Monsieur Marty Zweig (Re: Stocks newsletter. Netletter!)
Date: 17 Apr 92 18:03:35 GMT
Organization: SRI International

Well if the timer's predictions are truly meaningless then the odd are
5^11 in favor of beating the market for 11 years.  (every year each 
predictor has a 50% chance of being right.  since each year is independent 
and the predictor's skill/formula is irrelevant the chance of each 
successive year is half of the chance that they got that far.  Like 
flipping a coin.)   My trusty calculator puts that at .00048828125 
or 1 in 2048.

Now if there are 2000 newsletters tracked by Hulbert and Zweig is the only
one who consistently outperforms the S&P 500 then I would believe that
it's possible that Zweig got lucky.  If Hulbert tracks significantly fewer
than that (say 100-500) Or if the ratio of outperformers to letters 
tracked is higher I would use it as a disproof of random walk.

Now this is only a sufficiency test.  Personally, I suspect that if timer's
formulas were wrong then most of them would *underperform* the market
each year.  In other words you don't get a 50% chance on beating the S&P 500
but most likely significantly lower.  If the likelihood was really 25% for
beating the S&P, for example, the odds would be 4,194,304:1 against Zweig
performing as he did.

So we need two peices of information:
  1. What percent market timers beat the S&P 500 each year?
  2. How many market timers does Hulbert track?
  3. How many of them beat S&P over 11 years?
Perhaps we'ld want to add:
  4. How many of the 11 years did Zweig beat the market.

More significantly, is Zweig's performance so good because of one really 
great year or does he consistently beat the S&P 500? 

(Also, by how much , on average, did Zweig beat the S&P over the 11 years)

Of course we all know that past performance does not assure future results
and the mechanics of the market probably evolves over time...

 BTW over 2 years the odds are obviously 4:1 against (for a random walker)
So betting 2:1 is decent bet.

In article <1992Apr14.211119.8283@cs.umn.edu>, prabhak@cs.umn.edu (Satya Prabhakar) writes:
> True! And I ascribe this to chance! To back up my claim, I am willing
> to bet that Dr. Zweig will *not* be able to repeat his performance
> over the next two years; I am even willing to give 2:1 odds. Let
> me make this easier for the willing gambler: he will underperform
> the S&P 500 by atleast two percentage points. Any takers?
> For point of reference, let us take his Zweig Fund that is traded on 
> NYSE.

>I am firm believer of the random walk theory. I am not suggesting

  Gee even investing is religion  :-)  Of course if we're talking religion
here then disregard the first part of the message.

-ari

P.S.  Please mail responses to me in addition to posting on the net
thanks (mail to: Ari_Kornfeld@QM.SRI.COM)