HDTenEightyP/NetNews huggingface dataset:
Newsgroups: misc.invest
Date: Sat, 11 Apr 1992 11:13:30 -0400 
From: Joel Bloch <jb6k+@andrew.cmu.edu>
Subject: dan dorfman

after all the Dan Dorfman bashing a while ago, it should be noted that
he recommended shorting College Bound at 22 and it is now 5
From: nyp00@cd.amdahl.com (Nick Pang)
Newsgroups: misc.invest
Subject: Re: Which companies will sell you their stock directly?
Date: 9 Apr 92 16:17:04 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

Get a copy of "Buying Stocks Without a Broker" by Charles Carlson, if you can
get a copy in your local bookstore (I ordered mine but still have not received
it yet). It has a list of 200+ companies with DRIPs and about 50+ (?) that you
can buy directly from.

-- 
Nicholas Pang         nyp00@cd.amdahl.com       
Amdahl Corporation    nyp00@outs.ccc.amdahl.com 
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: more Options questions
Organization: TRW, INC.
Distribution: usa
Date: Tue, 7 Apr 1992 21:25:20 GMT

In article <1992Apr7.020152.27052@oakhill.sps.mot.com> quangl@tabasco.UUCP (Quang Le) writes:
>
>I would like to have a second opinion on holding a call at expiration.
>
>Assume that I buy  a call of MSFT April 130 and keep it until April 30, 1992
>MSFT is only 120 and there is no market to sell my option even
>with 1 bilionth of a dollar. Do I have an obligation to buy 100
>shares of MSFT at 130? 

No.  The ownership of the option means that *you* have the option to
exercise it.  If it isn't profitable to exercise or if there is no
market to sell it, then you just let it expire worthless.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: rot@mickie.id.macsch.com (Rohit Thukral)
Subject: Re: Time to invest in Japan Fund??
Keywords: International Fund 	Hi, 		I'm interested in investing in mutual fund. Since US Market is
Organization: MacNeal-Schwendler Corp., Los Angeles
Distribution: na
Date: Wed, 8 Apr 92 17:13:54 GMT

In article <1992Apr7.144453.21257@cs.umn.edu> prabhak@cs.umn.edu (Satya Prabhakar) writes:
>
> (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   
>

The Wall St Journal listed a few funds that invest in Japanese stocks
but they didn't mention any Nikkei Index funds. I made a note of a
few of them:

Japan Fund
GT Global Japan
Nikko Japan Tilt
DFA Japan Small

T Rowe Price has a Japan fund too. Also there are several Pacific
funds that invest in Japanese stocks. I don't have phone numbers
but you can call the 800 directory.


>I totally agree with this. Believe me, even Miyazawa doesn't know
>if the market has hit the bottom. Investments specialists, a they
>call themselves, continue to have the hubris that they can call
>the market. Nobody can!
>
>The best strategy, as Kuru rightly points out, is to slide into the
>market rather than jumping in head first. Japan is a fundamentally
>strong country so the investment is not exposed to risks that
>it may face in countries like Brazil or India or Thailand.
>
>Satya Prabhakar
>
>The cab driver in New York yesterday confided to a wealthy
>couple en route to the Carnegie Hall, "If the movie Graduate is 
>remade today and if Hoffman is an investment banker instead of a 
>chemical engineer, he would be whispering, "Psst, buddy! Japan!""


Last week's Barrons has a cover article on the Japanese market.
They interviewed four money managers- two based in the US, one
in Japan and one in Hong Kong. They are all pessimistic about
Japanese stocks. According to them, the Nikkei could go as low as
12,000 - 13,000. This morning I heard on the radio that the
Nikkei fell to 17,125 yesterday. 

Its amazing that the fall in the Nikkei average from its high
of about 39,000 in late 1989 to 17,000 hasn't had an
effect on US stocks. The Dow fell almost 62 points yesterday
and was down 50 this morning, so perhaps it is finally
being affected by the news in Japan.

What does this mean for the individual investor? Should
one start dollar cost averaging into japanse funds at a 
time when the market is hitting new lows every day? Or
should one wait on the sidelines for a turnaround?

What do New York cab drivers and shoe-shine boys say?

Rohit
-- 
#include <StdDisclaimer.h>
From: raghu@enh.nist.gov
Newsgroups: misc.invest
Subject: know of a german fund, anyone.
Date: 14 Apr 92 19:35:33 GMT
Organization: NIST

hi:
is there a mutual fund that invests only in german industries? something 
like the japan fund.

Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: JW Gant: EuroDisney. Anyone heard of them?
Organization: TRW, INC.
Distribution: usa
Date: Fri, 10 Apr 1992 23:23:37 GMT

In article <HMP.92Apr8165343@squash.frc.ri.cmu.edu> hmp@frc2.frc.ri.cmu.edu (Henning Pangels) writes:
>
>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.

I'd state this as Rule 2 (from Buz Schwartz):  Hang up on any cold
calls.  Period.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: dennis@navajo.rc.arizona.edu (dennis Astemborski)
Newsgroups: misc.invest
Subject: Convertible bonds
Date: 9 Apr 92 21:32:08 GMT
Distribution: usa,local
Organization: University of Arizona Tucson, AZ 85721

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 ......
Newsgroups: misc.invest
From: dbd0699@usl.edu (Duvan Dien B)
Subject: Disney split?
Organization: University of Southwestern Louisiana
Date: Wed, 15 Apr 1992 23:44:43 GMT

I would like to know when Disney  plan to split their
stocks?

Thanks,

Bryan.

-- 
  |\ | /  "She was mine, before  |       Dien Bryan Duvan        | 
  | x -    she was yours! "      |        dbd0699@usl.edu        | 
  | --o   Whoooooaaahhhhhhhh!!   |       bj365@po.cwru.edu       | 

Newsgroups: misc.invest
From: gflowers@cognex.uucp (Gail Flowers)
Subject: Re: EuroDisney Stock
Organization: Cognex Corp., Needham, Mass
Date: Fri, 10 Apr 1992 18:56:37 GMT

>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.
>

From The Boston Globe, Thursday, April 9, 1992, page 63 (Disney European
kingdom nearly ready):

"California-based Disney owns the maximum amount of the project allowed
by the French government, 49 percent.  It will receive 49 percent of 
the profits, plus management fees and incentive fees.  It will also
get 10 percent of the gate and 5 percent of the food and merchandise
revenues."

"Public shareholders control 51 percent of the stock.  Already they have
made money on paper...Despite a recent selloff it is now trading around 
140 francs, or $25."
Xref: sparky misc.invest:6601 rec.arts.disney:2343
From: nyp00@cd.amdahl.com (Nick Pang)
Newsgroups: misc.invest,rec.arts.disney
Subject: Re: EuroDisney Stock
Date: 8 Apr 92 18:14:54 GMT
Distribution: usa
Organization: Amdahl Corporation, Sunnyvale CA

It is traded in the pink sheets. Currently at about 25 5/8.

Lots of problems with the French Labor force, dress code, etc. BusinessWeek
had an article last week. I will wait till the opening April 12. If it goes
up, no big deal. I would rather wait than jump into it with all the problems
waiting to be resolved. 

The zero coupon bonds sounded good though. 

-- 
Nicholas Pang         nyp00@cd.amdahl.com       
Amdahl Corporation    nyp00@outs.ccc.amdahl.com 
Newsgroups: misc.invest
From: tjio@venice.sedd.trw.com (Lee Tjio)
Subject: Re: Insider Info (was: Stocks newsletter. Netletter!)
Organization: TRW Systems Engineering & Development Division, Carson, CA
Date: Tue, 7 Apr 1992 22:21:44 GMT

In article <1992Apr7.215321.27681@tandem.com> pearson_steven@tandem.com (Steven R. Pearson) writes:
>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.

There two MAJOR flaws to the above statements.  Firstly, if you really
understand the difference between trading stocks and options, you
would not make that statement.  Options are short term in nature,
and stocks don't have to be.  Security prices flactuate constantly
(flactuation of 10-20%) is not unusual.  With options, you have
a time when you have to buy/sell you holdings.  What happens if
the price just happened to swing the wrong direction??  On the
other hand, you could hold on to your stocks until you are ready.
BUT, if you have higher tolerance to risk, why not buy options? BTW,
I don't buy/sell options.

Secondly, Let's define insider trading.  There is NO law that forbids
you from buying stocks from the company that you are working for.
And if you are working for a company, you WILL have some information
that are not (yet) available to the public.  If you are trading
large sum of $$ or stocks (SEC defines what large is), then you
would need to file with the SEC.  If you are buying 100 - 200 shares
of the company you are working for, who cares??  SEC has better
things to do than checking up hundred of thousands of people who
trade a few bucks.

Lee
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: more options question (Summary)
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Thu, 16 Apr 1992 20:06:43 GMT

In article <1992Apr16.170506.2115@oakhill.sps.mot.com> quangl@tabasco.UUCP (Quang Le) writes:
>First, I would like to thank all who replied to my question
>about stock option. I tried to summarize to the following
>points for Holders of stock options (not Writers)
>
>* Stock option expires on the third Friday of the month, not
>the last day of the month.

Mea culpa!  I'm one of the people who said this.  I should have
added:  Except when the 3rd Friday is a holiday and markets are
closed, like they are this Friday!  In that case, it is the Thursday
before the 3rd Friday.

>* Option is a option, not a obligation. In any circumstances,
>you can ask your brokers let them expire worthless.

Some brokers will honor this request; not sure all will.

>* Many stock broker, as mine (Waterhouse Sec.,) will automatically
>execercise your options for you if the option still have intrinsic
>value regardless how much it is. This gesture may be practiced in
>order of protecing your benefit (you forgot that you have a call
>60 while the stock is 80,) or increasing their commission :-)))

>* The headache is when the strike price is very close to the current
>price of stock. The practice can cause you a financial burden.
>For example, you have 20 IBM April 90, and price of IBM is around
>high 80 in the last few days. If you think that your options 
>are worthless, and let them expire without tell your broker. If
>IBM is 90.25 (the distance from strike price to market price that triggers
>broker computers to automatically exercise may vary among broker houses)
>tommorow (4/18) they will automatically get exercised
>at 90. You then have to pay $180,000 (or $90,000 if in margin) in
>7 days for something not intended.

Yup.  You can sell them as soon as you find out, but it's nasty to
get your call exercised for you when you hadn't planned on it.

>* If you tried to close your option far ahead of the expired day you 
>may lose some chance in making money. I thought that a lot of MSFT
>buy April 120,125 holders, who already closed their positions, lost
>their temper when MSFT climbed 12 pts when just three days are left.:-)

Well, the first rule of investing is: buy low, sell high.  Those who
sold low violated this rule :^)
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Newsgroups: misc.invest
Subject: Re: Whats with Lilly
Date: 17 Apr 92 13:09:48 GMT
Distribution: usa
Organization: University of Wisconsin Physical Sciences Lab

One of Lilly's main products is an anti-depressant named PROZAC, which
has received a lot of bad press. Some individuals claim that it causes
suicide attempts. Note that it is an anti-depressant, so the
individuals to which it is given may be prone to suicide already. The
medical community appears to still support use of the medication, and
I have heard of no scientific evidence that the claim is true.
Nevertheless, fears that sales of this drug will flatten and decline
more quickly than expected have depressed the stock. I own a lot of
it, and think it is the best value in pharmaceutical companies in the
current market. Note that I expect to hold it for several years - I
have no idea where the price will go near term. However, the stock has
shown good support in the 70 price area - has been fluctuating in a
range between 70 and 85 for over a year. So on that basis also it
looks attractive right now.

Note that Merck and secondarily Pfizer have the most promising
research efforts of the drug companies, but their prices reflect (and
in the case of Merck, more than reflects) their future promise.

Don Katz
dkatz@psl.wisc.edu
From: fierro@uts.amdahl.com (Doug Fierro)
Newsgroups: misc.invest
Subject: Re: Is IBM stock worth buying?
Date: 7 Apr 92 22:02:16 GMT
Organization: Amdahl Corporation, Sunnyvale CA

In article <1992Apr5.115247.2581@spcvxb.spc.edu> eisler_b@spcvxb.spc.edu (Barry Eisler) writes:
>/subject=Is IBM stock worth buying?
>
>Is IBM stock worth buying for long term investment? It is at a low. Does anyone 
>feel it will ever go back to the $150+ range?
>
>IBM dividends have been $1.21 the last few quarters. What other stocks have 
>consistant high dividends? 

  Someone told me that IBM dividends almost constantly yield something like
6%, which is better than a lot of other investment returns right now.

   It should go up, but it would be lucky to hit over 120 within the next
couple of years.  IBM's grip on a lot of markets is continually being 
challenged.

   Doug
-- 
                                                     Doug Fierro
                                      |\             UTS System Software
  O                         __________|_\______      CASE tools development
  \_.______________________| * * * * * * * * */      fierro@uts.amdahl.com
 __\____                   |=================/       (408)746-7102
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
From: pao@wam.umd.edu (Nikos Strifas)
Newsgroups: misc.invest
Subject: Program Trading
Keywords: program trading
Date: 6 Apr 92 19:06:59 GMT
Article-I.D.: wam.1992Apr6.190659.16873
Distribution: usa
Organization: Workstations at Maryland, University of Maryland, College Park

Net-Investors,

Here's a quote from a service that I can't figure out what it means.
"...Our computers are set for program buying at $1.50 & program selling
at $0.10 ..."

Any idea what it means? If the computer was set at program buying at
let's say $1.75 & selling at $0.10 what's the difference?

Thanx in advance,

-Nick Strifas
From: bhjelle@vaxine.unm.edu (Brian Hjelle)
Newsgroups: misc.invest
Subject: Re: correction is nigh
Date: 9 Apr 92 17:34:12 GMT
Article-I.D.: lynx.9#sj8w_
Organization: University of New Mexico, Albuquerque

In article <1992Apr9.131929.9864@acsu.buffalo.edu> v098p82f@ubvmsb.cc.buffalo.edu (NEUTRINO) writes:
>
>   AS you are all aware, the market has seen a big decline over the past two 
>days. The big question is, is this the market correction we have all been 
>expecting, 
>
>What are your thoughts?  Also, what would a true contarian do at this time?
                                ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
I just sent off a snail-mail order for some shares in a wild-and-wooly
growth stock fund. 

Pray for me :-).

Brian
Newsgroups: misc.invest
From: quangl@oakhill.sps.mot.com (Quang Le)
Subject: Re: more options question (Summary)
Reply-To: quangl@tabasco.UUCP (Quang Le)
Organization: Motorola Inc., Austin, Texas
Date: Thu, 16 Apr 1992 17:05:06 GMT

First, I would like to thank all who replied to my question
about stock option. I tried to summarize to the following
points for Holders of stock options (not Writers)


* Stock option expires on the third Friday of the month, not
the last day of the month.

* Option is a option, not a obligation. In any circumstances,
you can ask your brokers let them expire worthless.

* Many stock broker, as mine (Waterhouse Sec.,) will automatically
execercise your options for you if the option still have intrinsic
value regardless how much it is. This gesture may be practiced in
order of protecing your benefit (you forgot that you have a call
60 while the stock is 80,) or increasing their commission :-)))

* The headache is when the strike price is very close to the current
price of stock. The practice can cause you a financial burden.
For example, you have 20 IBM April 90, and price of IBM is around
high 80 in the last few days. If you think that your options 
are worthless, and let them expire without tell your broker. If
IBM is 90.25 (the distance from strike price to market price that triggers
broker computers to automatically exercise may vary among broker houses)
tommorow (4/18) they will automatically get exercised
at 90. You then have to pay $180,000 (or $90,000 if in margin) in
7 days for something not intended.

* If you tried to close your option far ahead of the expired day you 
may lose some chance in making money. I thought that a lot of MSFT
buy April 120,125 holders, who already closed their positions, lost
their temper when MSFT climbed 12 pts when just three days are left.:-)

Feel free to chip in your opinion,
Regards,
Quang Le



-- 
* Quang Le|e-mail:quangl@oakhill.sps.mot.com  *   This space     *
* "Nothing belongs to human is strange to me" *   is reserved    *
*             German Proverb                  *   for future     *
*       (Translated and Retranslated)         *   expansion      *
Xref: sparky misc.invest:6850 sci.econ:3780
From: prabhak@cs.umn.edu (Satya Prabhakar)
Newsgroups: misc.invest,sci.econ
Subject: Re: Chartism -- charlatans?
Date: 15 Apr 92 16:12:27 GMT
Article-I.D.: cs.1992Apr15.161227.29345
Organization: University of Minnesota, Minneapolis, CSci dept.

>cjkuo@locus.com (Chengi Jimmy Kuo) writes:
>
>>analysis.  I hope that if you read enough of these posts, you'll at least
>>understand it.  Then you can make a judgment for yourself as to whether
>>you believe in it.  That's a separate issue than understanding it.
>
>>Earlier, in a different debate, I made the mention that technical analysis 
>>was a study of mass psychology, not of charts.  Let me try to translate the 
>
>How do you deal with the fact that _every_ single time an academic has
>carefully investigated claims by any chartist of "systematically
>beating the market", those claims have been proven false?
>
>Ajay Shah, (213)749-8133, ajayshah@usc.edu

This is true! One experiment conducted in a northeastern university
(I forgot the naem) was designed as follows: They took 50+ chart
patterns of stock movements from the past (1960-1975 I think) and
concealed the stock names and the period. They then invited
10 'technical analysis experts' to predict the stock movement for
for each pattern for the following year. They compared the predictions 
of the technicians with the actual stock prices for the predicted year.

The result:

 1. There was no consensus among the technicians
 2. About 70% of their predictions were off by more than 20%.
 3. A simple extrapolation (using regression,perhaps) came
    closer to actual prices than 50% of the technicians.

So much for technical analysis.

Best regards,

Satya Prabhakar (satya@ssdc.honeywell.com)

p.s. I recollected the experrimental setup from a book I read a while
ago. It may be a little off in the details. Another academic team
did the same for earnings forecasts by Wall Street security
analysts with identical results. So much for fundamental analysis. 
Xref: sparky misc.invest:6558 sci.econ:3592
From: kent@phoenix.ocf.llnl.gov (Kent J Crispin)
Newsgroups: misc.invest,sci.econ
Subject: Re: Stock market "Correction"?
Date: 7 Apr 92 19:25:28 GMT
Followup-To: misc.invest
Organization: Lawrence Livermore Nat'l Lab.

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

>More money IS inflation.  

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.

>You absolutely cannot have a sustained,
>general increase in the level of prices without printing money.  Note the
>operative words - sustained & general.  

It would be possible if the economy was shrinking and the money supply remained
constant.  Of course, you can't shrink past 0, so it might not sustain forever
:-)

>Bob Peirce, Pittsburgh, PA         rbp@investor.pgh.pa.us         412-471-5320
>venetia@investor.pgh.pa.us [NeXT Mail]  !uunet.uu.net!pitt!investor!rbp [UUCP]

Kent


--
Kent Crispin				"No need to get excited",
kent@ocfmail.ocf.llnl.gov		the thief he kindly spoke....
Lawrence Livermore National Laboratory	<Standard disclaimer>

Newsgroups: misc.invest
From: jedwards@ms.uky.edu (Jonathan Edwards)
Subject: Re: Yeeee Hiiiiiiiii
    <1992Apr12.021756.10058@bronze.ucs.indiana.edu>
Distribution: usa
Date: Sun, 12 Apr 1992 10:48:15 GMT
Organization: University Of Kentucky, Dept. of Math Sciences
X-Bytes: 

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 "THE
>>>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.

>Howard

Slim Pickens rides an A-bomb down in Dr Strangelove.  Failsafe was too
serious a picture to indulge in such antics...