HDTenEightyP/NetNews huggingface dataset:
From: yhari@uncc.edu (Yog Hari)
Newsgroups: misc.invest
Subject: Re: investing books
Date: 13 Oct 92 22:43:23 GMT
Reply-To: yhari@uncc.edu
Organization: University of NC at Charlotte

How dare you not include Peter Lynch's "One up on Wall Street"? :)

Thanks.

Yog Hari
Newsgroups: misc.invest
From: ajg@controls.ccd.harris.com (Arnold Goldberg)
Subject: Re: Companies buying back their own shares
Organization: Harris Controls and Compositions
	<1992Oct08.171058.11772@eng.umd.edu>
	<1992Oct9.003102.13644@gumby.dsd.trw.com>
Date: Fri, 9 Oct 1992 14:40:57 GMT

>>>>> On Fri, 9 Oct 1992 00:31:02 GMT, suhre@meltami.dsd.trw.com (Maurice E. Suhre) said:

Maurice> In article <1992Oct08.171058.11772@eng.umd.edu> anth@eng.umd.edu (Anthony G. Bradford) writes:
>
>When companies buy back their own shares is this always considered a
>good sign??

Maurice> The other side is that management recognizes that the market has
Maurice> seriously underpriced their stock and this is really a good investment.


On the technical side of things, it's usually good for the balance sheet since
it increases Earnings per Share (EPS) and book value among others...

--
------------------------------------------------------------------------
Arnold Goldberg                            Email:  ajg@ccd.harris.com
Phone: (407)242-5051                       Snail:  Harris Controls
Fax  : (407)242-4262                               407 John Rodes Blvd.
                                                   Melbourne, FL 32905
The opinions expressed are my own and do not in any way represent Harris 
------------------------------------------------------------------------
From: asuncion@ac.dal.ca
Newsgroups: misc.invest
Subject: Any online real-time quote and trading services?
Date: 15 Oct 92 04:10:48 -0300
Organization: Dalhousie University, Halifax, Nova Scotia, Canada



Does any discount broker offer online real-time quotes with custom/program
trading, in Canada?
From: myllynen@klaava.Helsinki.FI (Olli-Pekka Myllynen)
Newsgroups: misc.invest
Subject: Re: Formula for prediction?
Date: 7 Oct 92 12:10:52 GMT
Organization: University of Helsinki

I was asking a serious question about a software called Infostock sold by
Infodec here in Helsinki, Finland. I have seen the sofware in work and the
curves it called "prediction". The curves of previous predictions were very
close to the true curves of real world quotations, which had seen the light aft
er the predictions were made. This is the background. I know quite a bit about
technical analysis myself, but this way of making the predictions ( which had
something to do which beta values of the stocks) was unfamiliar to me. All I
was asking was to get some information from any person who knew what I was
talking about. This seems to be a quite too difficult for the most people who
replied. I did not get any statistical hints, but some idiotic proposals, of
which the following is an example:

Quote begins:

Return-Path: <shi_bach@t524i0.telematik.informatik.uni-karlsruhe.de>
Date: Wed, 7 Oct 92 08:48:10 +0100
To: myllynen@klaava.Helsinki.FI
Subject: Re: Formula for prediction?


Hi,

in  <1992Oct6.102636.4554@klaava.Helsinki.FI> you wrote:

>Or the better, can anyone give me the formula which is commonly used to
predic?
YEAH, we are all keen to give you the formula to make you rich. I too
have a rather pretty sister. Wanna have her also?

Could it be, that you have been to long in the sauna?

party on
--
Axel Bachofer
uka8@ibm3090.rz.uni-karlsruhe.de
uka8@dkauni2.bitnet


Quote ends


If you have more information as relevant as this one, please do not bother to
 send it. If you have any need to inform the whole world what kind of person 
you are, couldn't you rather post your ideas directly to the net than having me
 to forward them?
Olli-Pekka Myllynen
From: stuart@wstuart (Stuart Hood)
Newsgroups: misc.invest
Subject: Re: The Big Boom
Date: 16 Oct 92 20:07:54 GMT
Organization: Siemens Nixdorf Information Systems Ltd.
X-Newsreader: Tin 1.1 PL4

markr@mot.com (Mark) writes:
: In article <9210142111.AA18140@inet-gw-1.pa.dec.com> GCTHORNE@idbsu.idbsu.edu ("Broward "17%" Horne") writes:
: >
: >>My question, not really addressed in the Barron's article - what
: >>investment stance should one take to conserve one's capital as the US
: >>launches down the slippery slope? Are bonds the appropriate investment
: >>vehicle because long-term interest rates will fall and the real rate
: >>
: >
: >         That surely is what the article implied to me.  Personally,
: >    I'm not touching bonds for anything.  If the government is truly
: >    monetizing 30 billion next year, with a total money supply of
: >    280 billion, that's over a 10% increase, with a matching increase
: >    in GDP of *maybe* 1-2%.  Big inflation.
: >
: >        I'm trying to decide if the government is either
: >
: >       a) incredibly stupid and desperate, cutting rates hasn't worked,
: >          so start printing!
: >
: >       b) They believe they can induce a controlled inflationary burn-off
: >          ( not while they're still borrowing 300 billion a year, they
: >            can't! )
: >
: >       c) Expect to have used up the supply of bond buyers
: >
: 
: Actually, I agree with all this.  The question is where do you put your money ???
: (or more importantly, where should I put MY money ? :-)
: 
: Mark

If you realy believe this scenario then you should buy gold
and/or deposit your money abroad (e.g. Switzerland).

Stuart
-
--
From: mikef@informix.com (Mike Foreman)
Newsgroups: misc.invest
Subject: Re: Converse Technology
Date: 8 Oct 92 20:06:04 GMT
Organization: Informix Software, Inc.

nancyl@osiris.cso.uiuc.edu (Nancy Lellenberg Bentrup) writes:

>What does anyone know about a company called Converse Technology? 
>Apparently, they are involved in a deal with AT & T regarding
>a voice/fax/email service or something along those lines.  Someone
>mentioned they were written about in an article in the WSJ yesterday
>or the day before.  The person mentioning this to me thought they
>might be worth investing in ASAP.  I am not familiar with them and
>would appreciate any info anyone has.  Thanks.

The name is Comverse Technology.  They are a small voice mail company
in New York, although all their R&D is in Israel. They seem to be
having steady growth. They are pushed heavily by Chatfield & Dean (the
penny stock folks). There was a short blurb in WSJ yesterday about
them.

Mike
-- 
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: daniel.offutt <daniel.offutt@mixcom.mixcom.com>
Subject: Re: Federal Reserve: 'monetizing' debt
Organization: Milwaukee Internet Xchange BBS, Milwaukee, WI U.S.A.
Distribution: usa
Date: Wed, 14 Oct 1992 00:16:43 GMT
Keywords: monetization of debt, open market operations

In <Bw0r03.9BC@gdls.CSCTMD.COM> mccabe@gdls.CSCTMD.COM (Harold McCabe) writes:

>I recently read one economist who said that the US Federal Reserve was
>getting ready to monetize the US debt, to the tune of about $30 billion, in
>1993.  Forgetting whether this prediction is true or not, I would like to
>know just *how* the Fed monetizes debt.  The result of my initial investigation
>into this, is that the Fed purchases Treasury bills, and credits the seller
>of the bills with dollars; this is how the debt is monetized (and how money
>is created).  When the Fed sells bills, the money supply is decreased.  But,
>the Fed also buys/sells normally (when the debt is not being monetizes)
>to adjust the money supply for seasonal variations.  How can one determine the
>difference between normal Fed operations on the open market, and when the
>Fed is 'monetizing the debt?'

The Fed can buy Treasury bills without changing the money supply.
It need only restrict itself to using funds already deposited with it by
other banks to pay for the bills.  But even if it had zero deposits, it
would have the legal authority to simply print new money with which to
purchase the Treasury bills.  Actually it doesn't need to print any money;
it can create any quantity of new money by merely changing numbers on its
bank books or in its computers' memories.  At any rate, this is how I
understand the process.  I also understand that this new money creation
always damages the economy.

Dan
-- 
Dan Offutt

Xref: sparky misc.invest:12550 comp.sys.intel:1930
From: pngai@adobe.com (Phil Ngai)
Newsgroups: misc.invest,comp.sys.intel
Subject: recent microcode ruling
Date: 13 Oct 92 22:41:57 GMT
Organization: Adobe Systems Incorporated

The judge in the Intel/AMD microcode case said something
last week that was supposedly favorable to AMD and caused
Intel's stock to go down. What I'd like to know is, what
did he say and what does it mean?

Apparently he did not strike down the jury's finding that
AMD did not have a right to use Intel's 287 microcode in
their 287.  So why did Intel stock go down? How could this
be favorable to AMD?

-- 
My opinions are my own.
Happy owner of a new Mitsubishi Expo.
From: rauchfuss@hpfcso.FC.HP.COM (Brian Rauchfuss)
Date: Thu, 15 Oct 1992 22:42:53 GMT
Subject: Re: Re: Game over ( was Income & Wealth & Bankruptcy
Organization: Hewlett-Packard, Fort Collins, CO, USA
Newsgroups: misc.invest

In misc.invest, ohumukin@spectra.com (Kawika Ohumukini) writes:

(talking about people who save money)

> 	They should be penalized because by saving they are affectively
> 	taking the wealth of the economy out of the cycle.
> 
> 	Kawika 

Quite the opposite, people who save usually put the money in the bank (who loan
it out), or into bonds or stocks.  The money can then be put to use in capital
improvements.  A country with a high saving rate (such as Japan) will have a
lower cost of capital and be able to make more investments in the future.

BDR
Newsgroups: misc.invest
From: janardan@myria.cs.umn.edu (Ravi Janardan)
Subject: Mutual funds with no-fee IRAs
Summary: See Subject line
Keywords: IRA, mutual funds, fees
Organization: University of Minnesota, Minneapolis, CSci dept.
Distribution: usa
Date: Wed, 7 Oct 1992 14:13:29 GMT

Does anyone have a list of mutual funds (if any)
that do not charge a set-up fee or an annual
maintenance fee for IRAs under 10K? (Schwab has such
a thing but only for amounts >= 10K.)

Thanks in advance,

Ravi Janardan
janardan@cs.um.edu


Newsgroups: misc.invest
From: ff76@vaxb.acs.unt.edu
Subject: Independent VANGUARD newsletters
Organization: University of North Texas
Date: Sat, 10 Oct 1992 05:37:22 GMT

Are there any "third party" newsletters that monitor Vanguard fund performances
and make switching recommendations (in the style of Fidelity Monitor and
Fidelity Insight for Fidelity funds))?  I seem to remember having received
something from Vantage (I think) sometime back.

If there is (are) such (a) beast(s), w

Thanks, in advance.

- Jhinuk -

Jhinuk Chowdhury
ff76@vaxb.acs.unt.edu
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Newsgroups: misc.invest
Subject: Re: Cost-Benefit Analysis of Renting vs. Owning
Date: 16 Oct 92 15:44:48 GMT
Article-I.D.: news.Bw812q.Ksu
Distribution: misc
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Originator: acheng@shalom.ncsa.uiuc.edu


In article <samaddar.719184517@dumbo>, samaddar@siemens.com (Sumitro Samaddar) writes:
>This is the standard argument of real estate agents. But, the mortgage payment
>has 2 components, principal and interest. Where is the accumulated amount
>paid towards this interset component? Down the drain. Just like the rent.
>So, rent is basically paying an interest on the house without paying any
>component towards principal. As you point out later, a renter could basically
>invest this "component towards principal" anywhere else and make capital
>gains just like on the house. eg; s/he could invest this component on stocks
>and make comparable capital gains. One could use returns from this investment
>to reduce rent payments till they gradually vanish.

Good analysis.  I will add one point is that human nature plays a part
here too.  Mortgaging a house is a good forced saving plan.  Each month, I
just slavery sends in the payment.  But if I rent and invest
the difference, I run the risk of "well, things are a bit tight, let
me skip one month of investing-the-difference."  OR "Gee, I have $5000
in my stock fund now, time for a well deserved European tour."  The non-
ready liquidation of house asset hinders my impulsive spending.

>So what is the catch? Catch is that Uncle Sam subsidizes these investments
>towards a home by giving tax deductions on the interest component. IMHO,
>there shouldn't be any tax deductions on home mortgages. A person is not
>doing the nation any favor by buying a house. He is only doing himself a
>favor. Why should he get tax deductions for that? Giving tax deductions
>on homes diverts capital away from more productive investments, encourages
>suburbs, long commutes, etc. etc.

I disagree.  First of all, most people want to own a house, a place you
can nail a picture without written permission from the landlord.  So,
tax deduction helps and politicians will bend backward to please the
majority.  Okay, you don't like it.  How about this:  People owning a
house are, in general, more willing to keep the neighborhood tidy, less
willing to trash it, more cooperative with neighbors, less headache for
local governments.  That stabilizes the neighborhood, everyone is bit
happier, less wish to "express-the-anger (read riot)" which is good for
the whole community.  So, the community (government) gives incentives
for everyone to own a house, in return for less spending to clean the
street, fight crime, ...
Newsgroups: misc.invest
From: yoda@deathstar.Stanford.EDU (Terry Lee)
Subject: Looking for On-line real time data feed of markets
Organization: Residential Computing, Stanford University
Date: Sat, 17 Oct 92 03:25:48 GMT

I'm looking for a source for getting stock and options market prices on-line
for real time data analysis.  I have heard of a couple different resources.
What are my options and what will give me the best performance at a reasonable
price?  I've heard of FNN signal receivers, but I really don't know anything
about them.  Is there any way to access information via internet?  (I image
not since it would be something that needs to be broadcasted to many
destinations.

My second question is how can I perform near instantaneous transactions
of stocks and stock options?  Are there any brokers who provide a fast
enough on line service to perform real time transactions?  If not,
what do I need to do to be able to perform such transactions
(like get a broker's license and subscribe to some market service).

Any information would be much appreciated.

Terry Lee
yoda@deathstar.stanford.edu

Newsgroups: misc.invest
From: anth@eng.umd.edu (Anthony G. Bradford)
Subject: Re: Federal Reserve: 'monetizing' debt
Date: Wed, 14 Oct 92 18:51:01 GMT
Organization: College of Engineering, University of Maryland, College Park
Keywords: monetization of debt, open market operations

In article <23855@optima.cs.arizona.edu> bakken@cs.arizona.edu (Dave Bakken) writes:
>On a related note, what is stopping the US government from just
>printing checks (or some similar mechanism) to pay off its
>huge debt?  This would be tantamount to printing lotsa money,
>and would gut the doller and cause lotsa inflation, but is
>there any (non-political) reason that they couldn't just do this
>or some similar variant?  Just curious...

If the U.S. was to monetize the debt,  next time it tried to sell
T-bill and T-bonds it would have to pay huge interest rates because of
the inflation/monetization risk. Now one would ever trust holding U.S.
backed securities. The U.S. credit rating would basically go down and
cost of borrowing would go up. Inflation is usually considered bad, it
hurts fixed income people, scares off foreign investiment etc ...
-- 
In-Real-life: Anthony Bradford, University of Maryland College Park, MD, U.S.A.
		anth@wam.umd.edu anth@eng.umd.edu  phone: 1 301 277 6795
From: mcaldon@igc.apc.org (McAldon International Inc.)
Newsgroups: misc.invest
Subject: Re:  Effects of the U.S. Debt (Inhe
Date: 8 Oct 92 05:34:00 GMT
Nf-ID: #R:1992Oct5.100046.1@kean.ucs.mun.c:1514171934:cdp:1426500278:000:829
Nf-From: cdp.UUCP!mcaldon    Oct  7 22:34:00 1992


|Are the titles (VP/directors) relevant here? Don't the stockholders
|own a company? So, if you make (you and) your family the stockholders,
|when you die, your stocks have to be explicitly transferred to other
|stockholders. Won't that transfer attract any tax?
|Sumitro

It's easy to set up a corporation with two classes of stock, only
one of which has voting power.  So the aging owners can keep control
while giving away the valuable assets.  This won't work with huge
fortunes, where gifts of $20,000/year won't make a dent.  This is
where charitable foundations get used.  DMcKenzie

                         |        Vote for the environment          |
|    mcaldon@igc.org     |            Vote for AL GORE              |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: judson@girtab.usc.edu (Tom Judson)
Newsgroups: misc.invest
Subject: Re: Incentives offered by banks to use their credit cards
Date: 7 Oct 1992 16:24:46 -0700
Organization: University of Southern California, Los Angeles, CA
Distribution: usa
NNTP-Posting-Host: girtab.usc.edu

pradeep@cs.tamu.edu (Pradeep K Tapadiya) writes:
>This is a good incentive to use citibank's credit cards. What
>I am wondering is if there are any other banks which offer similar
>incentives. It would be nice if any bank offers bonus travel miles
>for using their credit card.
>

I have a Visa from Bank One, Columbus OH, that gives me 1 Northwest
World Perk mile for each dollar charged.  I know there are similar
cards offered for American Airlines and US Air.

For my card:
Annual fee: $35
Interest rate: 18.9%
No other perks (no flight insurance, buyers assurance plan, etc.)
Grace period : at least 25 days

Netters on rec.travel.air may no of others


Newsgroups: misc.invest
From: wouk@alumni.cs.colorado.edu (Arthur Wouk)
Subject: Re: mini-crash in the wallstreet
Summary:  did the fed intervene?
Organization: University of Colorado, Boulder
Distribution: usa
Date: Wed, 7 Oct 1992 21:02:09 GMT

In article <1992Oct6.195613.10859@newsgate.sps.mot.com> jeffh@pisces.sps.mot.com (Jeff Heilner) writes:
>In article <federkin.718316798@guppie19> federkin@rtsg.mot.com (John  
>Federkins) writes:
>> rravi@cbnewsj.cb.att.com (ramesh.ravi) writes:
>> 
>> >Dow is down about 100 points at 11:15 AM. 
>> 
>> The DJIA closed today (Monday) at 3119, down 81 points.
>
>Huh?  My paper said it close down less than 30 points...did I miss  
>something???
>
 there was one posting about what happened monday which i have heard
no follow-up on. this was that the drop was rumored to have been
stopped by fedeal reserve intervention in the futures market.

i have not heard any more about this. does anyone have any other
reports about that?
-- 
arthur wouk 
internet: wouk@alumni.cs.colorado.edu
From: jberlin@falcon.aamrl.wpafb.af.mil
Newsgroups: misc.invest
Subject: Re: Companies buying back their own shares
Date: 9 Oct 92 15:23:42 EST
Organization: USAF AL/CFH, WPAFB, Dayton, OH

In article <1992Oct08.171058.11772@eng.umd.edu>, anth@eng.umd.edu (Anthony G. Bradford) writes:
> 
> When companies buy back their own shares is this always considered a
> good sign??
> -- 

    No.  Apparently people in charge of that at some companies manage
 to buy their shares high and sell them low.  There was an article 
 within the last 6 months in the WSJ where they tracked various 
 large capitalization companies that had buy back programs.  An
 embarassing number of them managed to be exactly out of phase in
 their purchases and sales of the company stock.  Just like insider
 selling/buying, this by itself is not a foolproof indication of the
 valuation of the price of the stock.  One still has to do the homework,
 and diversify.

-- 

  Jim Berlin
 
"The opinions and views expressed here are strictly my own and do not 
necessarily reflect the official position of either the U.S. Air Force 
or its contractors."

Newsgroups: misc.invest
From: jsb@meaddata.com (John Belt)
Subject: Re: Article from LA Times on Direct Investing (10/4/92)
Organization: Mead Data Central, Dayton OH
Date: Thu, 8 Oct 1992 12:05:56 GMT

In article <1992Oct7.191729.21158@cas.org> wsm26@cas.org (Wayne Mills) writes:
>
>Also, last I knew NAIC was only working with about 60 companies which 
>would allow NAIC to purchase the share and transfer it to the individual
>through their Low-Cost Investment program.  Does anyone know if this
>number has grown appreciably in the last 12 months?

From their October 1992 Better Investing has 104 Companies listed.



--
John Belt     jsb@meaddata.com

Newsgroups: misc.invest
From: gene@lgc.com (Gene Lege')
Subject: Re: Investment Foreclosure - Can they take personal property too?
Keywords: Foreclosure.
Organization: Landmark Graphics Corporation
Date: Wed, 14 Oct 1992 04:22:25 GMT

In article <ldk77aINNode@spim.mti.sgi.com> alvin@zany.mti.sgi.com (Alvin Oga) writes:
>
>If you're in a 'non-deficiency judgement' state like California, then, NO
>the bank cannot come after your or any of the 'other assets' if the one house
>was not sufficient to repay the loan.  However, if you ARE in a deficiency
>judgement state, like Texas, then yes, the bank can come after ALL your 
>assets and hold you personally liable for all the debts owed the bank.
>
>So then comes the question:  Why doesn't all these S & L in Texas go after
>all the homeowners that just simply walked away ?
>Looks like Texas is NOT enforcing their 'deficiency judgement' rights for 
>their creditors.

To clarify Texas law (as a non-lawyer, of course :-) the homestead law
in Texas prevents your homestead (read owned-residence) from ever being
forfieted in a judgement.  Excepting, of course, the mortgage and,
double of course, tax liabilities.

For this reason it is impossible to get a loan on home equity in Texas.
The banks can't ever attach it, so it's worthless to them as collateral.

Also, I am no expert, but the great majority of the S&L real estate losses
that precipitated the S&L fiasco were do to comercial deals, many of which
were even characterized as highly speculative, at least in the hind-sight
of the ninties.  Any "homeowners who walked away," and there were more
than a few, almost certainly had insured mortgages of some sort.  (I may
be off base there, I'm really not sure how FHA/VA/PMI insurance works
from the bank's perspective.)

--
Gene Lege' - Landmark Graphics Corporation - Houston, TX
glege@lgc.com

Newsgroups: misc.invest