HDTenEightyP/NetNews huggingface dataset:
From: merritt@macro.bu.edu (Sean Merritt)
Newsgroups: misc.invest
Subject: CANSLIM & mutual funds
Date: 4 Sep 92 20:01:50 GMT
Article-I.D.: bu.95391
Organization: Boston University Physics Department


Below is a list I compiled from IBD Friday's "Your Weekend in Review".
The two mutual funds shown own stocks that are on this list.The percentage
of the fund's portfolio these stocks compose is also listed. 
The Thursday closing NAV and DJIA are included although I'm
not claiming any correlation.

The reason I did this is I own both of these.

There are some gaps in the table(hey it was summer!) so if anyone has
those dates I'd be greatful for the info. Corrections are welcome. 

Some observations:

The CONTRA fund owns more stocks on IBD's list than any other fund each
week. Of these(that CONTRA owns) most meet the CANSLIM criteria(except
perhaps for group sales growth). The Berger 100 owns fewer but takes
bigger positions(Telefonos de Mexico hurt the fund bad when it took
a dive). Both funds are A+ funds by IBD ratings and are highly rated
by most other rating systems I've seen. CONTRA is a 3% sales load
(I own through a 403b and don't pay the 3%), Berger 100 is a no load
with 1.25% in fees and expenses.
-------------------------------------------------------------------------------
	       FID. CONTRA                   Berger 100

            #Stocks  %Portf.   NAV   #Stocks  %Portf.	 NAV   DJIA(Thur Close)
05/6/92		29    11.6   $26.62	8      30.6	$11.74	3399.73
12/6/92         24     7.4   $26.10	5      22.2	$11.21	3351.51
19/6/92		29     7.7   $25.51	3       9.1	$10.73	3274.12
26/6/92		29     6.0   $25.34	2       3.7	$10.74	3284.01
03/7/92         **     ***   ******  	*	***     ******  *******
10/7/92		30    12.2   $25.91	4	7.4	$11.08	3324.08
17/7/92		33    18.2   $26.07    	6      10.8	$11.47	3361.63
24/7/92		**     ***   ******     *       ***     ******  *******
31/7/92		21    13.7   $26.29	7      14.3     $11.60	3391.89	 
07/8/92         28    16.7   $26.15	6      16.1	$11.53  3340.56
14/8/92         27    10.8   $26.09     4      11.2     $11.37  3313.27
21/8/92		22     9.2   $26.04	5      11.8	$11.40	3304.89
28/8/92         19     7.9   $25.72	2       3.4	$11.37	3254.64
04/9/92         22    12.5   $26.14     7      13.4	$11.60	3292.20
-- 
Sean J. Merritt		         |      Nietzsche che dice?
Dept of Physics Boston University| 	       Boh!	
merritt@budoe.bu.edu		 |
From: mikef@informix.com (Mike Foreman)
Newsgroups: misc.invest
Subject: Re: Star/Cirrus network access fee
Date: 3 Sep 92 17:05:27 GMT
Distribution: usa
Organization: Informix Software, Inc.

timlee@public.btr.com writes:

>josh@tara.SanDiego.NCR.COM (Josh Mereminsky) writes:
>|
>|Does anyone else out there have accounts which waive the network access fee?
>|
>|If so, is there a limit to the number of ATM transactions you make per month
>|before being charged.  Also, do these fees vary from institution to
>|institution?

>Fees and policies on using other banks' ATMs vary by institution.
>Free is rare.

I have a checking account at Southern California S&L. I bank at a
branch in Cupertino (outside of San Jose). Because they only have a
few branches in Northern California, they provide free unlimited
network access on about 5 or 6 nets (STAR, CIRRUS, etc)	. Its great.
If you meet any one of about 5 conditions, such as having direct
deposit, they also provide free checking.

I think that this must be one of the rare ones.

Mike Foreman                |  Informix Software, Inc
mikef@informix.com          |  4100 Bohannon Drive
uunet!infmx!mikef           |  Menlo Park, CA 94025
415-926-6073                |
-- 
Mike Foreman                |  Informix Software, Inc
mikef@informix.com          |  4100 Bohannon Drive
uunet!infmx!mikef           |  Menlo Park, CA 94025
415-926-6073                |
Newsgroups: misc.invest
From: markr@mot.com (Mark)
Subject: Re: Printing money
Reply-To: markr@mcil.comm.mot.com
Organization: MCIL
Date: Thu, 3 Sep 1992 05:11:14 GMT

In article <1992Sep2.221954.1390@news.eng.convex.com> dodson@convex.COM (Dave Dodson) writes:
>In article <2306@gandalf.intel.com> chedley@carthago.intel.com (CHEDLEY_AOURIRI) writes:
>>On the short term, the answer is yes!
>>The FED can drive short term interest rates to any level they want.
>>But, long term interest rates are beyond the control of the FED
>>or the government. They are set in the open free bond market.
>>Currently, the high long term interest rates (about 7.4%) compared to
>>short term interest rates (about 3.5%) indicate that bond investors
>>do not believe that these abnormally low short term rates are
>>going to stick!!
>
>But if the federal government started issuing more short term debt and
>less long term debt, wouldn't long term rates come down.  It really is
>sort of silly for the government to be borrowing money at 7.4% when
>it could be borrowing at 3.5%, isn't it?

Well, lets say the US is issuing $10B in short-term treasury bills
every 3 months, if they decided to issue $50B instead, who would
buy them  at 3.5% ?  Besides, what does the govt. do when they come
due in a half a year or a year ?  Refinance at the then going rate,
having to sell even more low-interest bills, etc.

It wouldn't work, that is why the US sells a mix of Bills, Notes, and
Bonds depending on their needs.

Mark


Newsgroups: misc.invest
From: jhc@m2lll.uucp (James H. Coombs)
Subject: Re: Fidelity Growth Co. Fund
Reply-To: jhc@iris.brown.edu.UUCP (James H. Coombs)
Organization: IRIS - Brown University
Date: Thu, 27 Aug 1992 18:52:02 GMT

In article <24185@oasys.dt.navy.mil> schroede@oasys.dt.navy.mil (Erwin Schroeder) writes:
>In misc.invest, james@brock.b17b.ingr.com (James Brock) writes:

>>I've been told to get my money out of Fidelity's Growth Co. Fund for at
>>least the next year (something about overvalued stock holdings).

>Are these considerations (overvalued holdings, etc) in mutual
>funds marginal or substantial issues?

On a long-term investment, they are probably marginal.  Over less than
a year, however, they seem substantial.

>If they are substantial, is there any way to evaluate a fund's holdings
>that is good enough to identify risky situations, that doesn't make a
>major research project of it,

In my opinion, no.  First, you would have to determine the holdings,
which may be trivial for all I know.  Then you would have to evaluate
the holdings, which I consider non-trivial.  As a simplified approach,
you might notice that a fund has a major portion in a sector that is
widely considered overvalued, that has had a huge runup and seems due
for a "major correction."

>other than taking some newsletter's advice on faith?

Not such a bad thing if you establish faith in the newsletter based
upon past performance and personal experience.  If this seems naive,
consider the faith that one must put into the magazines and newspapers
in order to analyze market sectors, individual companies, and
market+economic forecasts.  Consider also the faith that one must put
into GAAP, accountants, etc., which faith seems often misplaced
(consider the developing Banker's Trust scandal).

--Jim
From: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Newsgroups: misc.invest
Subject: Re: Printing money
Date: 2 Sep 92 19:33:16 GMT
Reply-To: chedley@carthago.intel.com (CHEDLEY_AOURIRI)
Organization: Intel-Corp,_Hillsboro,_Oregon

In article <18880@polstra.UUCP>, larryba@polstra.UUCP (Larry Barello) writes:
|>... 
|> Doesn't the US govt. control the money supply via loaning shiny new 
|> greenbacks (blips or actual) to people?  Isn't the current low interest
|> rates just that: printing money?
|> 
On the short term, the answer is yes!
The FED can drive short term interest rates to any level they want.
But, long term interest rates are beyond the control of the FED

or the government. They are set in the open free bond market.
Currently, the high long term interest rates (about 7.4%) compared to
short term interest rates (about 3.5%) indicate that bond investors
do not believe that these abnormally low short term rates are
going to stick!!

-- 
..CHEDLEY..
..!{uunet|tektronix|ogicse}!littlei!chedley    chedley@carthago.intel.com     
------------------------------------------------------------------------
Standard Disclaim: The above statements and opinions are strictly mine,
and do not represent any company or organization's position.
......................................................................

From: duanej@hpfcso.FC.HP.COM (Duane Jacobson)
Date: Wed, 26 Aug 1992 18:55:06 GMT
Subject: Re: Bonds: How long is "long-term"?
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

>The accepted wisdom on misc.invest at present seems to be not to buy
>long-term bonds because when interest rates rise (as they probably will), the
>value of these bonds will drop.  My question is, how long is "long-term"?

Today, I would only buy a bond that you were willing to hold for it's term.
Collect the coupons for the term of the bond, but it's probably not a good
idea to expect rates to drop further and making a killing.
From: willis@violet.berkeley.edu (Willis Johnson;;;5483023;QW09)
Newsgroups: misc.invest
Subject: Re: PictureTel and Compression Labs
Date: 2 Sep 1992 04:52:49 GMT
Organization: University of California, Berkeley
NNTP-Posting-Host: violet.berkeley.edu

I used to follow PCTL when I was one of their shareholders (I sold
about a year ago).  They are reputed to be very well managed.  My impression
is that each of these companies is suffering from the existence of
the other.  
Newsgroups: misc.invest
From: greg@gregm.b23b.ingr.com (Greg Moritz)
Subject: Re: Wall Street Week -with Gabelli
Reply-To: greg@gregm.b23b.ingr.com (Greg Moritz)
Organization: Dazix, An Intergraph Company
Date: Wed, 2 Sep 1992 17:57:25 GMT

eric@desktalk.com (Eric Lieber) asks:

> Can some please sum up what was said on Wall Street Week 
> last friday, aug 28/92.
> 
> Mario Gabelli is usually very intersting.

You can get transcripts of the weekly shows by writing to
 
            Transcripts
            Wall Street Week
            Owings Mills, Maryland   41117

Most PBS weekly show seem to offer transcripts.

I wrote this address from memory (of twenty or so years of watching
the show on and off) so if anyone notices an error please flame me.
I mean it, really.  I love being flamed ....
From: cyeomans@ms.uky.edu (Charles Yeomans)
Newsgroups: misc.invest
Subject: Re: credit cards
Date: 23 Aug 92 19:15:07 GMT
Distribution: usa
Organization: University Of Kentucky, Dept. of Math Sciences

In article <1992Aug20.145037.27492@microware.com> heilpern@microware.com (Mark Heilpern) writes:
>In article <l8vnfrINNbks@news.bbn.com> rwatkins@BBN.COM (Ron Watkins) writes:
>>I am searching for a lower interest mastercard or visa
>>and I thought I heard someone mention arkansas federal savings at 9.5%
>>has anyone found similar institutions that have low interest credit
>>cards and can provide me with that information and a phone number to call
>>for an application ?
>
>Simmons First National Bank, Arkansas: currently 8.5%, variable. I don't
>have a number handy at the moment though. I found out about this through
>an issue of Money Magazine (which regularly publishes this?) which had
>the number in it. When I called to get an application, I had to try several
>times since the line was always busy.
>
Check to see if they have a grace period - it could be that one pays
interest on all purchases.

Charles Yeomans
cyeomans@ms.uky.edu
yeomans@austin.onu.edu
Xref: sparky misc.invest:10969 rec.autos:20728
From: lstowell@pyrnova.mis.pyramid.com (Lon Stowell)
Newsgroups: misc.invest,rec.autos
Subject: Re: sales tax rebate?
Date: 26 Aug 92 00:45:39 GMT
Reply-To: lstowell@pyrnova.pyramid.com (Lon Stowell)
Organization: Pyramid Technology Corp., Mountain View, CA
Originator: daemon@sword.eng.pyramid.com

In article <1992Aug24.201750.22541@fid.morgan.com> joec@fid.morgan.com (Joe Collins) writes:
>Some years back, I purchased a new car for $17000 and paid some $1020 in sales
>tax. I just sold this same car for $6600. Since this reduces my net cost,
>should I not get a rebate on the overpayment of sales tax?:
>
>The above makes sense (to me) but since politics doesn't, I probably will not
>be able to get the $396 back.
>
>Any thoughts?
>
   o  This is a JOKE, right?

   o  You've never shaken hands with a politician and had the
      urge to count your fingers afterwards?

   o  You believe in the tooth fairy?
Newsgroups: misc.invest
From: kpc@pluto.arc.nasa.gov (k p c)
Subject: list of mutual funds?
Originator: kpc@zog.arc.nasa.gov
Reply-To: kpc@ptolemy.arc.nasa.gov
Organization: NASA Ames Research Center AI Research Branch (Sterling).
Date: Tue, 1 Sep 1992 02:06:49 GMT

Is there a list of no-load stock mutual fund performance floating
around?  (I was surprised not to see one here or in news.answers, but
I did see the technology stock list.)
--
i'm open to comparing research career notes with other young cogsci people.
-- 
i'm open to comparing research career notes with other young cogsci people.
Xref: sparky misc.invest:11183 misc.taxes:3091
From: eck@panix.com (Mark Eckenwiler)
Newsgroups: misc.invest,misc.taxes
Subject: Re: 401k Rollover Legality Question
Date: 3 Sep 92 02:15:53 GMT
Organization: Superseding Information, Inc.

In <BtyqpJ.FC3@apollo.hp.com>, saz@apollo.HP.COM sez:
>The reason is:
>If you have an IRA that was funded with after tax dollars, you don't
>want to mix your 401K pre-tax dollars with it.  Otherwise, I believe
>uncle SAM taxes you again on the after-tax dollars when you finally
>cash out at age 59.5 or so.

No.  A portion of each withdrawal is tax-exempt, in the ratio

(aggreg. post-tax contribs.) / (total value of IRAs before withdrawal)


For example, if you made 4K of post-tax contributions, and your IRA is
now worth 24K, suppose you withdraw 3K.  The 3K is a non-taxable
return of basis in the amount

   (4K / 24K) * 3K = $500.

Note that for purposes of this calculation the next year, your
"aggregate post-tax contribution" is reduced accordingly to 3.5K.

If this sounds confusing, just think about it or do some sample
numbers.  This formula is a straightforward way to spread out the
return of basis over the entire period of withdrawals.

Finally, note that keeping separate IRAs *WILL NOT* allow you to evade
this method.  You must aggregate ALL account values, so withdrawing
from a "post-tax" account produces no advantage whatsoever.
-- 
	       Qui veut la peau lisse, evite la police.

	Mark Eckenwiler    eck@panix.com    ...!cmcl2!panix!eck
Newsgroups: misc.invest
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Subject: Re: Oakmark fund 
Organization: Physical Sciences Lab, University of Wisconsin
Date: Thu, 27 Aug 92 14:58:05 GMT

In article <1992Aug26.195917.6859@nntpd2.cxo.dec.com> timpson@acetek.enet.dec.com () writes:
>
>
>After reading the writup in last weeks BARONS about The Oakmark Fund  a new (lest than a year) fund. I ordered their prospectus and feel that they have potential.  
>
>My question then is has anyone out there in net land had any experience with the Oakmark Fund.

I also received their prospectus. I also think it will be a good fund,
but I chose not to invest right now for the following reasons:

They have large unrealized gains, amounting to perhaps 30% of the
asset value of the fund. When those gains are realized, they will be
distributed and you will be taxed. That represents about a 9% load
when that tax is paid (30% x 30%).

Most of their fantastic performance since they were founded was due to
one stock (they hold relatively few stocks in their portfolio). It
remains to be seen if they can make picks like that on an ongoing
basis.

Ralph Wanger, who had such a wonderful long-term record at Harris
Assoc (the manager of Oakmark) running the Acorn Fund, has left Harris
taking his fund with him. So I'm not sure the success of Acorn will
necessarily be duplicated in Oakmark.

Just my 2 cents.

By the way, I liked their low turnover and value orientation, I just
chose not to invest for the above reasons, in order of priority.

Don


-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
From: blee@digi.lonestar.org (Benjamin W. Lee)
Newsgroups: misc.invest
Subject: Re: Re: Nikki (up or down?)
Date: 31 Aug 92 19:02:19 GMT
Organization: DSC Communications, Plano Tx.

In article <BtpD5x.Jzz@acsu.buffalo.edu>
v070km6q@ubvmsd.cc.buffalo.edu (John B Schutkeker) writes:
>roh@CS.ColoState.EDU (Lucas Roh) writes...
>
>>I think we first need to honestly come to term with the fact that ColumbusDID
>>NOT discover America! It's just so stupid and such Eurocentric view.
>>People were living here! Geez. 
>
>Get real. The Europeans did not know America was here, and Columbus found it
>for them. Ergo, he discovered it.The question is for whom did he discover it.
>Certainly not the previous inhabitants, but for your and my ancestors, he
>certainly did.
>
>This PC garbage you're spouting drives me up a wall. Come live in the real
>world.
>
>							-- John Schutkeker


John, maybe its YOUR ancestors, but certainly not MINE.

You are suggesting there are NO other real human live in this continent
other than such as YOU. Maybe it's not a good idea to call each other idiot
over the net, neither is suggesting others not live in real life.
From: rion@Ingres.COM (Rion Cassidy (x3357) OGT)
Subject: Re: Any experience with INVESTMENT UPDATE/Jack Kelly ?
Reply-To: rion@Ingres.COM 
Organization: Ask Computer Systems Inc., Ingres Division, Alameda CA 94501
Date: 4 Sep 92 02:04:56 GMT

In article <Bu0pH1.Jor@Caere.COM> sundeep@Caere.COM (Sundeep Gupta) writes:
>
>Hello netters,
>
>Last night during a channel flipping session of TV programs, 
>I was hooked into watching a 1/2 hour commercial from a group
>called the INVESTMENT UPDATE with the hosts name being 
>Jack Kelly. He lured me on with the promise of  $ 105,000.00 with
>an initial investment of $ 10,000.00. He claims that this money
>can be made by buying options in HEATING OIL. 

I have yet to see any paid programming that helped anyone except the 
people that put it on (i.e., THEY make the big bucks by selling YOU
THEIR products). Insist on lots of details befoer you put up any
money.  You can bet that they don't give any details because people
would just flip the channel.

Rion

Newsgroups: misc.invest
From: hajadi@goofy.csd.sgi.com (Ivan Hajadi)
Subject: FRAM, is this Frame Technology symbol ?
Organization: Silicon Graphics, Inc., Mountain View, CA
Distribution: na
Date: Fri, 28 Aug 1992 20:02:19 GMT


thanks,
--

/* Ivan, hajadi@sgi.com */
From: bkottmann@falcon.aamrl.wpafb.af.mil (Brett Kottmann)
Newsgroups: misc.invest
Subject: Re: Refinancing (considering ARM)
Date: 31 Aug 92 16:37:49 EST
Organization: Logicon Technical Services, Inc.

In article <BtupG3.IyA@apollo.hp.com>, saz@apollo.HP.COM () writes:
> I have been considering refinancing my mortgage and I've always
> been a conservative person, however, I was wonedring how risky
> would an Adjustable Rate Mortgage (ARM) really be ? Many banks
> are offering about 4.5% with a 2% per year cap and 6% lifetime cap.

	When we first started looking, 11% was a good rate :).  When we bought
back last winter, 9% was a good deal.  Now 7 3/4% is.

	So 4.5% with 6% max cap sounds really good to me.

	But my dad had a 30-year 3.5% FIXED :).

> I know that the ARM index is based on the 1 year T-Bills.
> 
> Can you assume that with a high national debt, we can expect
> interest rates to remain relatively low for a few years ?

	A better question, can you afford the payments at 10.5%?

Brett--------------------------------------------------------------------------
	"Why the courts don't tell a husband who has been living off his wife
to go out and get a job is beyond my comprehension."--Joan Lunden
-------------------------------------------------------------------------------
Newsgroups: misc.invest
From: jdg+@CS.CMU.EDU (John Greiner)
Subject: International Bonds
Organization: Carnegie Mellon University
Distribution: na
Date: Thu, 27 Aug 1992 13:40:41 GMT

Where can one find info on int'l bonds?  I'm looking for something comparable
to WSJ's "Credit Markets" column.
Newsgroups: misc.invest
From: michael@t13.lanl.gov (Michael I Angerman)
Subject: PictureTel and Compression Labs
Organization: Los Alamos National Laboratory, NM
Date: Tue, 1 Sep 1992 21:43:00 GMT


PictureTel (PCTL) has a year hi of 53, it is now trading at 10.

Compression Labs (CLIX) has a year hi of 35, it is now trading at 5.

Both are in the business of compression of video signals etc...

Any ideas or comments on these two companies on whats up ?
From: st1lv@elroy.uh.edu (McLeod, Stephen)
Newsgroups: misc.invest
Subject: Re: Nikkei Explodes Up
Date: 29 Aug 92 18:11:00 GMT
Organization: University of Houston
News-Software: VAX/VMS VNEWS 1.41

In article <1955@coyote.UUCP>, shekita@yeti.almaden.ibm.com (E. Shekita) writes...
>The Nikkei hit a low of 14,309 on Aug 18. It now stands at 17,970.
>That's a 25.5% gain in ten days! 
> 
>Will the market stablize? Your guess is as good as mine. One
>thing these violent moves demonstrate, though, is just how
>hard it is to time the Nikkei. In this case, trying to time the
>bottom just right would have cost you over 25%.
> 
>Japan's economy is slowing right now. Their interest rates are headed
>down, and their real estate market is all shot to hell and no money
>is going into it. Consequently, Japan may be entering a period much like
>the US, where although corporate earnings aren't very good, there
>really isn't any other place for the big institutions to put their
>money except in the market.
> 
>Gene
Not true.  Trying to time the bottom would have cost you 4%.  If you had
bought the Japan Fund (and I assume other japan funds) you would have still
made 21%.  I am a market timer.  Not always a good one but my record improves
each year.
You get out when the market goes down 5%, you get back in when it goes back
up 3%.  It's not fullproof but it does okay. (23% last year).
---
Stephen McLeod
The Eternal? Student
Newsgroups: misc.invest
From: munir@fc.hp.com (Munir Mallal)
Subject: o new items have been added to the VT Fonts menu:
Date: Tue, 25 Aug 1992 22:18:46 GMT
Organization: HEWLETT-PACKARD
X-Newsreader: Tin 1.1scd1 PL4