HDTenEightyP/NetNews huggingface dataset:
From: keith@iscp.Bellcore.COM (Keith Hawkins)
Subject: Re: How do I get rid of broker????
Reply-To: keith@iscp.Bellcore.COM (Keith Hawkins)
Organization: Bell Communications Research (Bellcore)
Date: Fri, 14 Aug 92 15:55:05 GMT


In article <jaeastman-120892184355@jmac.msd.anl.gov>, jaeastman@anl.gov
(Jeff Eastman) writes:
|> I'm curious if anyone can provide me with some good advice. A couple
|> months
|> ago I made
|> the mistake of buying 100 shares of stock from a broker who called me
|> and
|> claimed to have
|> been referred to me by another person where I work (he didn't mention
|> a
|> name).  The stock has
|> done terribly.  I realized afterwords that I was very stupid to deal
|> with a
|> total stranger, but
|> the problem I have now is I don't know how to get rid of him.  He
|> reminds
|> me of a stray cat that
|> keeps coming back for more if you make the mistake of feeding him
|> once.  He
|> calls me at work
|> and at home, always with some great new deal.  The second time he
|> called I
|> told him I wasn't
|> interested in buying anything else from him (the stock he was pushing
|> that
|> day hit a 52 week
|> low today I noticed).  He wanted me to buy $20k worth of stock and
|> told me
|> the only way our
|> phone conversation would end would be for me to agree to buy or I
|> would
|> have to hang up. Of
|> course I hung up.  Then he called back 3 more times and continued
|> the
|> conversation as if there
|> had been no interuption. 

[rest of the horror story deleted]


This broker's conduct is outrageous.

Please provide the net the broker's name and firm's name.
So we can all be warned and avoid this joker.

You have no reason to protect this guy.  And there is nothing
legally, morally, etc to prevent you from disclosing this
information.

You might also want to write a letter to the firm saying that

1) you have provided this information to a network which
   could potentially reach hundreds of thousands of people.

2) that if you receive even so much as misplaced phone call
   from this broker or any one else affiliated with this brokerage
   house, including the janitor and the night watchman, that an
   inflamtory letter to SEC and the NASD originations will be
   sent requesting sactions against the firm and the removal of
   brokerage liscense from the individual.



-Keith


Xref: sparky misc.invest:10646 biz.misc:89
From: eah0065@zeus.tamu.edu (HASKIN, EDWARD ARTHUR)
Subject: Investment Groups in Houston??
News-Software: VAX/VMS VNEWS 1.41    
Organization: Texas A&M University, Academic Computing Services
Date: Tue, 18 Aug 1992 14:53:00 GMT

Does anyone know of an investment group in Houston, Texas???

Newsgroups: misc.invest
From: j_pan@ranger.enet.dec.com (Joanna Pan)
Subject: Re: Is BANYAN a public company now ?
Organization: Digital Equipment Corporation
Date: Wed, 19 Aug 1992 13:52:12 GMT


In article <oo7m6co@fido.asd.sgi.com>, hajadi@goofy.csd.sgi.com (Ivan Hajadi) writes...
> 
> 
>a couple weeks ago i heard Banyan is going to make IPO with $10.50/share.
>did already happen now ?
> 

Yes, Banyan is traded on NASDAQ. Its ticker symbol is BNYN and its closing price
yesterday was $12.75/share.


-joanna
Newsgroups: misc.invest
From: tony2@prefect.uucp (21131-gozdz)
Subject: Wall Street Week recommendations
Organization: Bellcore, Livingston, NJ
Distribution: usa
Date: Sun, 16 Aug 92 20:48:06 GMT

Recently, there was some traffic on the net in this
newsgroup about the best business shows on TV, what is
"the elves index", etc. I'm including below excerpts
from a special report issued by The Institute for
Econometric Research, Ft. Lauderdale, FL, a publisher
of several financial newsletters (Mutual Fund
Forecaster, Income & Safety, Market Logic, etc). 
I'm just a happy subscriber ...

Tony
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

We decided to analyze the Wall Street Week recommendations because they are 
the most widely disseminated form of stock advice reaching the American 
public. Approximately ten million investors tune in their Public Television 
stations each Friday evening (or in some cities, on Saturdays) to hear the 
witty Mr. Rukeyser review the week's developments on Wall Street, banter 
with his regular panelists and interrogate a special guest, who is usually 
a broker or investment advisor. [...]

The data show that recommended stocks performed unusually well in the two 
weeks _prior_  to show, soared on the buying generated on the Monday 
following the show (often opening on large upward gaps), edged a tiny bit 
higher for two more weeks, and then, in the next six weeks, lost all of the 
gains accumulated from the time of the show's airing.
One interesting finding of our study is the unusually strong behavior 
of the recommended stocks _prior_ to the show. Perhaps enough of the 
experts are aficionados of relative strength that they just happen to 
recommend stocks that have already outperformed the market. Or possibly 
some guests recommend those stocks beforehand to their clients or even 
buy the issues themselves.

The Monday surge is understandable, given Wall Street Week's enormous 
audience. The subsequent performance simply illustrates that on average 
the guest "experts" are neither better nor worse than a fair flip of the coin. 

We measured the price performance of the 200 recommendations over several 
periods, adjusting for the general market trend over the same period. [...]
					Excess performance of
					recommended stocks
second week before show				+0.4%
week before show				+0.8%
day after show					+2.1%
remaining 4 days of week after show		-0.3%
second week after show				+0.4%
next six weeks after show			-3.2%

[...] The overall conclusion, however, is that if want to make money 
on Wall Street Week recommendations, you can't do it by watching the 
show - you'll have to locate a _forthcoming_ guest and find out what 
he plans to recommend when he appears.
From: scott@phylo.life.uiuc.edu (Scott Howard)
Newsgroups: misc.invest
Subject: Re: is it time to invest in Japan?
Date: 19 Aug 92 13:12:24 GMT
Article-I.D.: phylo.scott.714229944
Organization: University of Illinois at Urbana

shekita@yeti.almaden.ibm.com (E. Shekita) writes:

>| This ignores the fact that export sales from Japan are WAY down,
>| as well as the fact that Japan's economy is going to be in the toilet
>| for the next year, at the very least.

>Any facts to back that statement up?

Check out 'The Economist', from three weeks ago.
The Trend is DOWN.
The NYT is often wrong or misleading when it comes to trade issues.
From: sgrant@oasys.dt.navy.mil (Sally Grant)
Newsgroups: misc.invest
Subject: Thanks!
Date: 14 Aug 92 10:29:53 GMT
Reply-To: sgrant@oasys.dt.navy.mil (Sally Grant)
Organization: Carderock Division, NSWC, Bethesda, MD



Thanks to all who replied to my mutual funds question. I feel better
armed and have at least some ideas on how to learn more. Wish me luck!

Sally

"In wildness is the preservation of the world."
Newsgroups: misc.invest
From: ortega@cactus.org (Paul Ortega)
Subject: Re: need current Barron's Mutual fund ratings.
Organization: Capital Area Central Texas UNIX Society, Austin, Tx
Date: Fri, 14 Aug 1992 14:28:33 GMT

In article <1992Aug13.134006.11252@news.csd.sgi.com> billg@dolphin.csd.sgi.com (Bill Gargiulo) writes:
>
> Does anyone have the most recent Barron's rating for Mutual funds ???
>(or at least the date when it was printed .)
>
>thanks in advance.

I have a copy.  The date on the cover is July 27, 1992.

-- 
Paul Ortega			|  "Does this mean that we have
2015 Cedar Bend Dr., #1105      |   to fight now?" - Selina Kyle
Austin, TX 78758		|_______________________________ 
(512) 832-9197			ortega@cactus.org
From: merritt@macro.bu.edu (Sean Merritt)
Newsgroups: misc.invest
Subject: Re: Bond Questions
Date: 19 Aug 92 21:21:00 GMT
Article-I.D.: macro.MERRITT.92Aug19172100
Organization: Boston University Physics Department
In-reply-to: scairns@is.morgan.com's message of 19 Aug 92 19:52:11 GMT

In article <1992Aug19.155211@is.morgan.com> scairns@is.morgan.com (Scott Cairns) writes:



   In article <1992Aug13.215944.17401@sequent.com>, hanrahan@sequent.com (Tom Hanrahan) writes:
   |> I read an article in my local paper this morning about yesterday's
   |> 10-year note auction.  It raised several questions for me.  Here's a
   |> quote from the article to start with:
   |> 
   |> 	"The notes will carry a coupon interest rate of 6 3/8
   |> 	 with each $10,000 in face value selling for $9,916.30."
   |> 
   |> Questions:
   |> 
   |> 	2)  I know when you submit a bid you have two choices, a 
   |> 	    competitive bid and a non-competitive bid.  With the 
   |> 	    competitive bid you can specify the discount price you
   |> 	    want.  Can you specify a coupon rate instead? 
                   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
					no
			


;	   Unless I'm greatly mistaken, I believe you only have one
;   choice as an individual investor (i.e., non-competitive).  To submit
;   bids, you must be a primary dealer with the Fed (e.g., Salomon, Goldman,
;   Morgan-Stanley,etc.).   BTW, they (the primary dealers) do specify the
;  discount rate, they don't specify a price/dollar amount.
;	   The non-comp bids get filled after the comp bids at the average
;   competitive rate if I'm not mistaken.

 Scott is greatly mistaken twice here.

Anyone can submit a compettive bid. Noncompettive bids are accepted
first. He is correct that noncompettitve bids get the avg rate
, really the weighted average yield of accepted comp bids.





--
Sean J. Merritt		         |      Nietzsche che dice?
Dept of Physics Boston University| 	       Boh!	
merritt@budoe.bu.edu		 | 
Newsgroups: misc.invest
From: aa536@cleveland.Freenet.Edu (Alayne M. Whaley)
Subject: Re: Phar-Mor
Reply-To: aa536@cleveland.Freenet.Edu (Alayne M. Whaley)
Organization: Case Western Reserve University, Cleveland, OH (USA)
Date: Fri, 21 Aug 92 05:24:18 GMT


Two people have said that it is closely held.  What does this mean?
It is public, but one particular group or company holds all or most
of the shares?

-- 
Alayne M. Whaley            ! "Don't hold back.  Can't you see?  All I need
aa536@cleveland.freenet.edu !  is your sweet loving.  The magic's in your 
-----------------------------  eyes.  You've got me hypnotized."
                                       "Don't Stop" - Lionel Richie
Newsgroups: misc.invest
From: bsk@leland.Stanford.EDU (Brian Keller)
Subject: Re: K. Aufhauser & Co., Pacific Brokerage Services
Organization: DSG, Stanford University, CA 94305, USA
Distribution: usa
Date: Fri, 14 Aug 92 18:06:44 GMT

In article <1992Aug14.160341.7093@cbfsb.cb.att.com> chandrab@cbnewsf.cb.att.com (b.chandramouli) writes:
>	1) The major one is, they require you to have money in your account
>	   to cover your trade before they will accept your order. They do
>	   not like the  usual 5 working days that is allowed to send in the
>	   check. With margin accounts, they do allow a little bit of
>	   flexibility but I like the idea of placing an order without
>	   any restrictions and sending in the check for that amount in 5 days.

Good questions - in a sense, I suppose my previous post was incomplete since
I didn't address these.  As they told you, they DO allow the 5 working days.
On the first trade they typically require cash in the account but after that
they give you the 5 days.

>	2) The minor one is, some of their brokers are not professional to
>	   the degree I expect them to be. May be I am spoiled by Fidelity
>	   with respect to what to expect for customer service, but I think
>	   they have a lot to improve. ( In fact I told one of their
>	   brokers about this once.)

Actually I switched from Fidelity to PBS. The brokers are comparably
professional. One advantage of PBS over Fidelity is that the first person
you reach on the phone is a broker. Fidelity drove me nuts forwarding
me around the country in search of an available broker. One advantage of
Fidelity, however, is being able to place orders 24 hours a day.  PBS is
only open during the day.

Brian Keller
bsk@sun-valley.stanford.edu
From: ed@introl.introl.com (Ed Zhong)
Newsgroups: misc.invest
Subject: Re: A Quick Question
Date: 13 Aug 92 20:45:06 GMT
Article-I.D.: introl.1992Aug13.204506.27415
Organization: Introl Corp.

In article <6040@ucru2.ucr.edu> klin@ucrmath.ucr.edu (kenneth m. lin) writes:
>
>Could someone in the net tell me where could I get a listing of all stocks 
>that are traded by the types of business the companies do?  For example, if 
>I would like to get the names of all the utility companies whose stocks are 
>being traded in NYSE, is it possible to get such a list? 
>

There are many commercial databases have this info. Most of them are available
either on line or on CD-rom. They have more than just the lists (depends on
type, location, capital, PE, earning, sales ...); they have complete financial
info for companies. I am using DISPLAII (cd-rom version) which updates quartly,
costs about $600/quart for single user. However, it is possiably available in
your local librares or business schools.

>Also, is there a way to find out total number of shares of stock issued for 
>a given company?  

Read the annual report or the S&P book.



-- 
-------------			-----------------
||	Ed Zhong 		||	I make my money work for me.
||	ed@introl.com		||	I work to make my money work for me.
Newsgroups: misc.invest
From: timpson@acetek.enet.dec.com ()
Subject: Twentieth Century investment 
Reply-To: timpson@acetek.enet.dec.com ()
Organization: Digital Equipment Corporation
Date: Tue, 18 Aug 1992 19:52:05 GMT


I am looking to possibly invest in a mutual/s fund/s with Twentieth Century.

Has anyone out ther any input on the company and ther investment programs?


Thanks

Steve

--
        -----------------------------------------------------------------
        |                                                               |
        |  My atheism, like that of Spinoza, is true piety towards the  |
        |  universe and denies only gods fashioned by men in their own  |
        |  image to be servants of their human interests.               |
        |                                                               |
        |                                  -- George Santayana          |
        |                                                               |
        -----------------------------------------------------------------
        
Newsgroups: misc.invest
From: dkulkarn@handel.helios.nd.edu (Dinesh Kulkarni)
Subject: Re: K. Aufhauser & Co., Pacific Brokerage Services
Organization: University of Notre Dame, Notre Dame
Distribution: usa
Date: Thu, 13 Aug 1992 14:48:55 GMT

Recently, we have seen a lot of postings about unpleasant experiences w/ K.
Aufhauser and their possible reasons on the net.  So I'll ask a related
question.

Is Pacific Brokerage Services (from LA I believe) any good ?  Do they
get the same rating as K. Aufhauser or better or as good as Schwab does ?

In general, it would be useful to know which major brokers (full service,
discount, deep discount) to stay away from and which ones are good
(esp. in the case of deep discounters where rate is a good incentive
for switching) ?

Thank you for your time.

Dinesh
From: pamhall@henson.cc.wwu.edu (Pamela Hall)
Newsgroups: misc.invest
Subject: Re: How do I get rid of broker????
Date: 13 Aug 92 19:14:39 GMT
Article-I.D.: henson.1992Aug13.191439.17979
Organization: Western Washington University


Yes, by all means, you need to do something about this guy.  First, I would
talk to the broker about how you feel and see if he stops.  From what you
say, I don't think that that is a viable alternative.  You should next write
(or phone, or both) the broker's branch manager and discuss the problem. If
neither of these methods work, you can report him to:
   National Association of Securities Dealers
   Two World Trade Center, 98th Floor
   New York, NY 10048
   (212) 839-6251
You might also try reporting him to the U.S. Securities Exchange
Commission (SEC).  The only thing I have for them is a Seattle phone
number.  It's 206-442-7990.  They have offices throughout the country
and I don't know where you're located.  

There's no reason for such activities to be taking place in the brokerage
industry!  Good luck!
Pamela
Newsgroups: misc.invest
From: shannon@sierra.com (Shannon Maher)
Subject: Re: is it time to invest in Japan?
Summary: Some speculative investment money, yes 
Organization: Sierra Geophysics Inc.,  Kirkland, Wa
Date: Wed, 19 Aug 1992 16:20:20 GMT

In article <1992Aug18.152342.18005@fid.morgan.com> joec@fid.morgan.com (Joe Collins) writes:
>The Tokyo stock market is in the trash (14300 or so) and way off
>its highs. In addition, the US currency is also quite low.
>
>It seems that if I invest in an equity fund targeted at Japan and
>hold for a while, I may have a good chance on both a currency
>play (US Dollar strengthens) and an equity play (Tokyo market
>recovers).
>
>Any opinions?
>
>Joe
>joec@morgan.com

   Analysts seem to be indicating that they believe the Japanese market
may have some distance yet to fall.  Of course, this may indicate,
(from a semi-contrarian point of view), that now may be a good time to 
invest...

   My own feeling is that I would (read as "I am") dollar value average
in some money now, through the next year or so.  Although there is some
downside risk, it seems to me that the upside potential is far greater 
than in current domestic investments.  I also believe that there is as
much or more downside risk in US based investments, given the market's
high valuation currently.

  As far as the dollar-yen play goes, you have it backwards, unless you
are assuming that the dollar is going even lower.  You would like to buy
when the dollar is strong, thus purchasing more units in foreign
denominated goods, then sell when the dollar is low, since this will
give you more dollars back.  The fact that the dollar is currently low is 
an argument against buying.

Shannon
shannon@sierra.com


Newsgroups: misc.invest
From: gkirikos@epas.utoronto.ca (George Kirikos)
Subject: Re: data for Toronto Stock Exchange
Organization: University of Toronto - EPAS
Distribution: na
Date: Sat, 15 Aug 1992 01:12:46 GMT

In article <22876@hacgate.SCG.HAC.COM> tucker@shiva.UUCP (George Tucker) writes:
>In article <1992Aug13.213410.17771@epas.toronto.edu> gkirikos@epas.utoronto.ca (George Kirikos) writes:
>>Canada Remote Systems, the big Toronto BBS, has end-of-day stock
>>quotes available for all US and Canadian exchanges. The phone number
>>of the BBS is 416-629-7000. You should be able to log-on as a new user
>>and get a demo (there might be a separate demo-line, but I don't know
>>it). Te fee is over $100/year (depending on services desired).
>
>Compared to Genie at $6/month and a local number, or the Amer. Investors
>Alliance with a download of 4000 quotes plus other stuff for $55/year, no local
>number unless you live in Ft. Lauderdale.  Sounds like the Canadian exonomy
>still has a ways to drop.

Actually, CRS has many more services beyond the stock quotes (e.g.
2hrs/day, 20GB+ online, thousands of conferences). In fact, it was
recently voted the best BBS in North America by readers of one of the
*US-based* bbs-magazines. Thus, there is great value in the membership.


+---------------------------------------------------------------------------+
| George Kirikos                   Internet: gkirikos@epas.utoronto.ca      |
| Toronto, Canada                 Telephone: (416) 537-1756                 |
+---------------------------------------------------------------------------+
From: capskb@alliant.backbone.uoknor.edu (Keith Brewster)
Newsgroups: misc.invest
Subject: Re: Naive question...
Date: 14 Aug 92 01:25:01 GMT
Distribution: usa
Organization: University of Oklahoma, Norman, OK

In article <16ehs4INN9l8@agate.berkeley.edu> markh@sag4.ssl.berkeley.edu (Mark Hurwitz) writes:
>
>	Forgive me for asking something so simple-minded, but I'm
>having trouble reconciling the following two "true-isms."
>
>Item 1.  "The stock market has, historically, out-performed inflation.
>Despite short term fluctuations, it's the best place to put your money."
>
 This is true, historically, but keep in mind there were a number of
 periods you would have had to wait out that looked pretty bleak and you
 would have to carry a loss for five years.  I am a little bothered that
 this has been known for a long time but I have heard it more often in the
 last year than ever before....must be the interest rate situation.

>Item 2.  "The DJIA (substitute market metric of your choice) is at (or
>near) an all-time high.  Stocks are overpriced.  Market is likely to fall  
>significantly, or stagnate at best.  Don't risk money in the market!"
>


Keep in mind that what makes the market "overvalued" has _nothing_ to
do with historical levels of the Dow.  The valuation question is with respect
to earnings and "book" value (value of property owned by the company).
When you buy stock, unlike art, for example, you are purchasing a
share of the future earning potential of the company.  Right now we are coming
out of a recession so the past year's earnings have been low for most
companies, and measures of valuation like the price to earnings (P/E) are
very high.  If you believe the earnings will recover due to a more
robust economy or increased efficiencies (due to downsizing), then you
can say the valuations aren't too high.  You may also factor in that
people are accepting higher P/Es because the return they can get from 
other investments (like CD's and bonds) is also very low.  Note all this
rationalization involves some assumptions about the future...if those
don't pan out..there could be a swift "revaluation".

I won't presume to know how to resolve 1) vs. 2). 

KB
---------------------------
Keith Brewster
"Only Garry Gibbs speaks for the University"
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: is it time to invest in Japan?
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Tue, 18 Aug 1992 17:00:21 GMT


In article <1992Aug18.152342.18005@fid.morgan.com>, joec@fid.morgan.com (Joe Collins) writes:
>The Tokyo stock market is in the trash (14300 or so) and way off
>its highs. In addition, the US currency is also quite low.
>
>It seems that if I invest in an equity fund targeted at Japan and
>hold for a while, I may have a good chance on both a currency
>play (US Dollar strengthens) and an equity play (Tokyo market
>recovers).

I don't follow why a weak US dollar (against Japanese yen) now is a
good time to buy Japan stocks.  Say, you put in US$10,000 and get N
shares of J-Fund worth 1.1 million Japan yens.  (assume 110 yens to 1
US$).  Assume no movement in Japan market after 1 year, i.e. you still
have 1.1 million yen of equity in your J-Fund.  But, US dollars rises
through the sky, say it changes from 110 yens to 150 yens per US$.  If
you cash in your equity in J-fund and withdraw in US$, you get back
only $US 7,333.33.  You lose 27% of your investment in US currency.

Did I miss something?