HDTenEightyP/NetNews huggingface dataset:
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Oil Futures
Organization: TRW, INC.
Date: Wed, 23 Dec 1992 01:13:46 GMT

In article <1992Dec22.211705.16019@shearson.com> jmemon@shearson.com (Janine Memon) writes:
>I do not believe, when investing in oil futures that it is possible to 
>invest only $100. 

I think you can purchase *options* on *futures contracts*.  This means
that you can get into the futures game and limit your downside risk to
100% of your investment, just like stock options.

Since I don't do options on commodity futures, I don't really have any
other details.  I would suggest talking to your broker.  But the option
route seems to me to be the cheapest way to get in.  Of course, profits
are not guaranteed, but losses are limited to the original investment
(using the word investment loosely -- perhaps "bet" would be better :-)


-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: doug.hewko@synapse.org (Doug Hewko) 
Newsgroups: misc.invest
Subject: question for accomplished traders
Date: 30 Dec 92 08:53:00 GMT
Distribution: world
Organization: SYNAPSE BBS - GATINEAU, QUEBEC - 819-561-4321
Reply-To: doug.hewko@synapse.org (Doug Hewko) 

From: doug.hewko@synapse.org

This is a question for all of you accomplished traders out there.  
Which method, fundamental analysis, technical analysis, or some 
combination, tends to give you the highest return when picking stocks?

What are the best quick stock indicators that you use to determine if 
you should consider investing in a particular stock?  I will assume 
that you have already narrowed down your search to around 20 stocks 
due to risk preference, income demands, etc.  Do you look at momentum, 
market vs book value, gut feeling, or something else?

               Doug
---
 . 1st 1.02b #574 . "Wackland! Home, Surreal Home!" -- Gogo Dodo
                                         
Newsgroups: misc.invest
From: jonathan@extropia.wimsey.bc.ca (Jonathan)
Subject: Bond Funds
Summary: interest rate drops, is bond fund a good buy?
Keywords: bond mutual funds
Organization: Immortal Freedom's Deck
Distribution: Canada
Date: Tue, 22 Dec 1992 03:06:52 GMT

Hi ! netter :

	If you watch the news everyday, you know that the canadian prime rate
has dropped 4 times last week.
	I expect the interest rate will keep on declining because the Federal
GOV. wants to depreciate the CND dollar (mentioned in Business World last week)
and we need a lower rate to stimulate the economy.

	So is it a good time to buy bond mutual fund? Or I have missed the 
right time?

Any comment will be appreciated.

Merry Christmas :-)


Newsgroups: misc.invest
From: O10037@waccvm.corp.mot.com (Ray Hoff)
Subject: Re: Investment magazines also
Organization: Motorola
Date: 31 Dec 1992 13:37:54 MST

rsl01@kuhub.cc.ukans.edu writes:
>Hello,
>I have a question for you all.  I am an investment novice.  I would like
>to subscribe to preferably one magazine.  And I don't know which one is
>the best, if any.  I browsed through a list and found a few magazines such
>as Business Week, Fortune, Personal Finance, Money, Wall Street Journal, ...
>Can some of you tell me about something about some of these magazines?
>Your comments/suggestions are appreciated.

I also would appreciate any comments/suggestions.

Ray
Newsgroups: misc.invest
Subject: Re: another question regarding multiple IRAs
From: gary@cdthq.UUCP (Gary Heston)
Date: Fri, 01 Jan 93 17:20:10 CST
Organization: Garys' Home for Obsolete Computers

jxs18@po.CWRU.Edu (Jerry Sy) writes:

> 
> thanks to the people who responded to my previous post.
> 
> now that I know that I can open as many IRA accounts as I want but
> limited to $2000 contributions, I'd like to know if it is possible
> for me to say, transfer funds from one IRA account into another,
> combine 2 or more IRA accounts into one ?

Yes, you can; however, it may not be a good idea. Go get a 
good book on personal finance and retirement planning. You'll
find that a more efficient way of learning what you're doing 
than posting one or two questions at a time here.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: prabhak@giga.cs.umn.edu (Satya Prabhakar)
Subject: How did Monsieur Zweig do in 1992? (Re: Day Orders or Until Cancelled)
Organization: University of Minnesota, Minneapolis, CSci dept.
Date: Wed, 30 Dec 1992 08:10:18 GMT

(Lib) writes:

<<< Deleted...>

This postings is totally unrelated to what Lib posted earlier...

However, a coupla months ago I claimed that Martin Zweig is a major
flash in the pan and bet $10 with someone that Zweig will underpeform
the S&P 500 (to the best of my recollection). 

[Lib blasted me for posting some supposedly unfounded assertions about Zweig's
claim of stupendous returns.]

My question is this: How did Zweig's funds do in 1992? 

Satya Prabhakar

--
___________________________________________
Happiness, dear Phaedrus, is a passed pawn!
From: chandrab@cbnewsf.cb.att.com (b.chandramouli)
Newsgroups: misc.invest
Subject: Re: Cassie Seifert
Keywords: NBR
Date: 21 Dec 92 17:51:36 GMT
Distribution: usa
Organization: AT&T

In article <calinski.724949131@calspan.com> calinski@calspan.com (Peter Calinski) writes:
>In <16DEC199222194390@csa2.lbl.gov> schindler@csa2.lbl.gov writes:
>
>>Trivia question:  Do you recognize the name Cassie Seifert?
>
>>Is this most-excellent babe from the Nightly Business Report married?
>
>Hey forget Cassie, what about Sue Herara (sp) from CNBC, much more 
>most-excellent.

	Talking of female business anchors, Deborah Marcini of CNN is 
the best, in my opinion.

chandra
att!acpfs!chandra
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Day Orders or Until Cancelled
Organization: AT&T
Date: Mon, 21 Dec 1992 13:03:39 GMT

In article <1h3n4vINNh7d@mirror.digex.com> hacker@access.digex.com (Dark Hacker) writes:
>In article <BzBLqz.A0M@boi.hp.com> kmcintyr@boi.hp.com (Kevin McIntyre) writes:
>>
>>I was wondering what the advantages are (if any) of placing
>>a Day Order vs. Until Cancelled.  If you know you want a
>>stock at a certain price (maximum) if you place the same
>>buy order every day at the same price do you effectively get
>>"bumped" from queue?  That is, if there are X investors tring
>>to get stock A for $Y, only so many orders can be filled at
>>a time.
>
>Your broker's agreement should detail the algorithm they use to
>determine this.  There are priorities for various types of orders.
      
Your broker shouldn't have anything to do with it, certainly
for exchange listed stocks and I wouldn't think for NASDAQ
stocks either with the advent of computerized trading.
  
>"Life itself is... COMPUTATION!"
  
Right.


Newsgroups: misc.invest
From: hcb@netcom.com (H. C. Bowman)
Subject: marginal borrowing
Keywords: info margin borrowing
Organization: Box of Rain Productions
Date: Tue, 29 Dec 1992 18:45:33 GMT


Hiya--

Three quick questions about borrowing "on the margin."

	1.)  Is there a rule-of-thumb to what qualifies a security as
	     marginable?

	2.)  How are margin rates determined? 

	3.)  Is borrowing "on the margin" a Really Bad Idea for 
	     longer-term loans?

Many thanks!

--Cliff
-- 
| Cliff Bowman     |(501) 968-2232 Voice | As of 1 December, 1992, I was |
| Electronics Wonk |(501) 964-6118 Pager | approximately $1,017,077 shy  |
| Innovation Ind.  |(501) 968-7986 Fax   | of being a millionare.        |
Newsgroups: misc.invest
From: ask@cbnews.cb.att.com (Arthur S. Kamlet)
Subject: Re: It's that time of the year: a question on unexpected capital gain
Organization: AT&T Bell Laboratories,  Columbus, Ohio
Distribution: usa
Date: Mon, 28 Dec 1992 22:14:34 GMT

In article <1992Dec28.213701.19576@cbnewsh.cb.att.com> hcy@cbnewsh.cb.att.com (hon-chi.yu) writes:
>In article <1992Dec28.195612.18526@cbnews.cb.att.com> ask@cbnews.cb.att.com (Arthur S. Kamlet) writes:
>>In article <1992Dec28.192555.16571@cbnewsh.cb.att.com> hcy@cbnewsh.cb.att.com (hon-chi.yu) writes:
>>>        I have a tax question regarding estimated tax payment penalty,
>>>and I appreciate anybody's answers to verify my understandings:
...
>>If you know you have an unexpected capital gain early in the year
>>you could make an estimated payment at that time.
>
>My biggest concern is that I might have a big capital gain in the early
>part of a year, but an even much bigger capital loss later in the year
>so I would end up having vastly overpaid IRS in tax withholding but in
>fact I would have a big capital loss!  Adjusting the regular salary withholding
>might not give you enough time to make up for that overpayment.  I do not
>suppose IRS will pay back the overpayment until much later after you
>fill out the tax return, right?

Assuming you are planning to pay approx 4 equal  estimated tax
payments, if you find a huge loss in the 4th quarter you can
greatly reduce or even skip your last payment.  That should bring
some relief, right?

>So, if I interpret this correctly, the IRS really encourages people to sell
>the stocks as later as possible in the year in order not having to pay any
>penalty or overpayment of tax?

Not really.  If the gains are all up front, pay up front but plan to
monitor it closely so if you have later losses, you can cut back
your later payments.

I really believe you should not delay selling stock until year end
if you believe it is a good idea to sell much earlier.

>>Follow the rules - pay at least as much as you need to, and don't
>>wait until the end of the year.
>This rule seems to be a one-way street--always favoring the IRS. 

You really do have some control of your fate -- but must monitor
your total income very closely.
-- 
Art Kamlet  a_s_kamlet@att.com  AT&T Bell Laboratories, Columbus
From: clong@romulus.rutgers.edu (Chris Long)
Newsgroups: misc.invest
Subject: Re: question for accomplished traders
Date: 2 Jan 93 07:41:13 GMT
Organization: Rutgers Univ., New Brunswick, N.J.

In article <2946.2825.uupcb@synapse.org>, Doug Hewko writes:

> This is a question for all of you accomplished traders out there.  
> Which method, fundamental analysis, technical analysis, or some 
> combination, tends to give you the highest return when picking stocks?

IMHO, it's best to use fundamental analysis to determine which stocks
to buy and sell, and technical analysis to determine when to buy and
sell.
-- 
Chris Long, 265 Old York Rd., Bridgewater, NJ  08807-2618

"S.B., with an I.Q. of 161, failed to complete his course of study,
running away instead with his professor's wife."
H. J. Eysenck, _Know Your Own I.Q._
Newsgroups: misc.invest
From: jeff@ctaeng.com (Jeff Sherrard)
Subject: S-corp advantages and disadvantages?
Organization: CTA INC.
Distribution: usa
Date: Wed, 23 Dec 1992 16:39:01 GMT


Does anyone have experience with the use of an S-corporation for the transfer
of wealth between family members?  Specifically, I'm curious about LEGAL 
ways of tranferring assets from one generation to the next via a family
held S - corporation

As I see it if family members of several generations are owners of the
corporation, they have control of the assets of the corporation.  When
the elders pass away the corporation maintains control of the assets,
and the shares of stock are the only taxable assets in the estate.

This brings up the question of how value is determined for the shares of 
stock within a closely held s-corporation.  Are there ways to tie the value
of stock to the working capital or annual profits of a company.

Any comments and/or references would be greatly appreciated.

jeff


Newsgroups: misc.invest
From: drhall1@pbhya.PacBell.COM (Doug R. Hall)
Subject: Re: Everex Systems, what's happened?
Reply-To: drhall1@PacBell.COM (Doug R. Hall)
Organization: Pacific * Bell, San Ramon, CA
Date: Wed, 23 Dec 1992 18:01:06 GMT

In article <ByP8VB2w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>ranck@joesbar.cc.vt.edu (Wm. L. Ranck) writes:
>
>> 
>> Hello Folks,
>>    I have noticed that Everex Systems stock has gone through the floor 
>> lately.  Anybody know why?  A few years ago I thought this was a good 
>> company to buy at ~$3 and it is showing a 52 week high of over $7, but
>> the current price is in the $0.30 range.  Just curious what they've 
>> done lately to have this sort of drop in price?
>
>Reportedly, they're on the verge of bankruptcy. Might be a good
>contrarian play, but don't buy with the grocery money.
>
>Gary Heston, at home....
>gary@cdthq.uucp

I read in misc.invest recently that they didn't file their quarterly reports
with the SEC. I think I also read that they avoided bankruptcy by restructing
their debt. My opinion at the time was that they probably bought a year to 
solve their problems, but then again I still haven't heard about them filing
their last quarters' report.
From: zdenek@ksr.com (Zdenek Radouch)
Newsgroups: misc.invest
Subject: Re: street name vs delivery
Keywords: stocks, steet name
Date: 22 Dec 92 17:21:50 EST
Organization: Kendall Square Research Corp.

->  I've identified the following pros and cons for deciding whether to take
->  delivery of stock certificates.
->  
->  pros:  * more timely dividends 
->         * quarterly and annual reports
->         * no hassle or illiquid positions if the brokerage firm goes under
->  
->  cons:  * inconvenience of sending certificates back in
->         * risk of losing certificates
->         * securities cannot be margin collateral

I assume you lose your shareholder voting rights if you don't take the
delivery, since your shares can be sold short.
-Z
Newsgroups: misc.invest
From: pao@wam.umd.edu (Nikos Strifas)
Subject: SHWD & HTCC
Keywords: Sherwood,Hungarian
Organization: Workstations at Maryland, University of Maryland, College Park
Distribution: usa
Date: Wed, 30 Dec 1992 18:19:31 GMT


Investors,

What's going on with :

1)SHRW (Sherwood Cp) up $0.41 to $1.5 from a low of 3/16 last week.
2)HTCC (Hungarian Tel & Cable Co) up 2.37 to 14.25 from a $7 open on Monday.

-Thanx
D.Vouganis
Newsgroups: misc.invest
From: bbl7597@ritvax.isc.rit.edu
Subject: Re: Need Rec. for Money Management SW
Reply-To: bbl7597@ritvax.isc.rit.edu
Organization: Rochester Institute of Technology
Distribution: misc
Date: Thu, 31 Dec 1992 12:30:48 GMT

The current market leaders are Quicken and Managing your money. Personally
I am a satisfied user of Quicken.
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 30 Dec 92 22:02 PST
Subject: Re: penny-stocks
Nf-ID: #R:MARVIT.92Dec30181513@cattell.psy:-972248814:cdp:1426500319:000:769
Nf-From: cdp.UUCP!mcaldon    Dec 30 22:02:00 1992


|Just a speculation (ahem)... MAI Basic Four (now known as MAI Systems)
|seems to be "stably" swinging between 1/8 and 3/16 for the past several
|months.  One could actually earn some nice pin money playing the daily
|swing. Due to low volume for that stock, you probably wouldn't buy huge
|amounts anyway, so you wouldn't lose much if it went belly up completely.
|On the other hand, you could earn 20-35% after commissions with proper
|timing. 
|: Peter Marvit <marvit@cattell.psych.upenn.edu>                            :

I think you'll find yourself paying the 3/16ths when you buy and getting
the 1/8th when you sell:-)   DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||

Newsgroups: misc.invest
From: tim@ssd.intel.com (Tim Gates)
Subject: Re: Why is Borland downgraded?
Organization: Supercomputer Systems Division (SSD), Intel
Distribution: usa
Date: Mon, 21 Dec 1992 16:42:35 GMT

In article <a0e3VB1w165w@student.business.uwo.ca> pkedrosk@student.business.uwo.ca (Paul S. Kedrosky) writes:
>
>neal@sequent.com (Neal C. Wyse) writes:
>
>Bill Gates draws one of the smallest salaries of any CEO in the
>Fortune 500. In fact in one Fortune salary listing (this summer I
>think) he led the list of what they called "bargain CEO's" in the
>Fortune 500. He has made his money through Microsft's unbelieveable
>share price appreciation over the past
>decade and through holding stock options against that appreciation (as well as
>continuing to hold  a pretty big block of Microsoft shares). Anybody who has a
>problem with seeing Gates making that kind of money that way has a personal
>problem with Gates that has nothing to do with his salary. Sounds
>uncomfortably like techie-envy to me.

I don't have my prospectus here in front of me, but if my memory serves me
correctly Bill Gates' salary was around the $600K region.  What really struck
me was that he owned in excess of 90M (M as in Million) shares, not a bad net
worth.  

If he has invested a couple of thousand dollars in a operating system and 
transformed it into a personal wealth of 8 billion, who can fault him for
blowing 35M on a house.  If it were me, I would have a hard time stopping at
35M.

tim@ssd.intel.com
From: RROXBY@MAINE.MAINE.EDU (Robert Roxby)
Newsgroups: misc.invest
Subject: Re: Quicken & Investments
Date: 2 Jan 93 22:50:22 GMT
Organization: University of Maine System

Quicken is a fine program, but it has limitations in investment
analysis.  In many cases, it calculates return-on-investment incorrectly.
I haven't heard about the add-on (would like to),  but you might
look at a program called PFROI.  Not as user friendly as Quicken,
but does the job right.
From: lynch@hpcc01.corp.hp.com (Howard Lynch)
Date: Thu, 31 Dec 1992 16:40:51 GMT
Subject: Re: Contrarian trading in stocks priced under a dollar
Organization: OCD IC MFG
Newsgroups: misc.invest

>/ hpcc01:misc.invest / coop@sybase.com (John Cooper) /  9:28 am  Dec 29, 1992 /
>Does anyone know what the performance is for major exchange stocks whose price
>has fallen below a dollar?  (I'm not speaking of "penny" stocks, but rather
>NYSE, AMEX, and NASDAQ stocks that at one time traded above 5, but for one
>reason or another have fallen down to prices like 1/2 or 11/16).

I like this question, but don't think you must restrict yourself to stocks
under $1.  Perhaps another objective criteria could be "dropped to below
10% of all-time high".

I don't have any studies to refer to, nor any other data, but I do have two
stories to tell.

The first is Chrysler.  Remember back in the early 80's when it was on the
skids?  I remember the going at least as low as $3 per share.  I didn't buy
the stock, but I did buy some of their bonds, which were yielding 24% at
the time I bought them.  Then when the company stablized AND interest rates
came down, I got the double bingo.  I collected the high yield for a few
years and then sold the bonds at a huge capital gain.  Buying the stock might
have been a better idea, but what I did certainly paid off.

The second is LIL Co.  Unfortunately, I never did buy any of this stock, but
remember it being pretty beaten during it's low point.  I hadn't thought too 
much about it until I saw this post.  I checked yesterday's paper and saw
that it hit a 52-week high yesterday.  I'll bet those that did get in at or
near the low have made a pretty good return on their investment.  Obviously,
whenever that happens, the risk they took was high also.

So, my point:  Find a large company in deep trouble that you think has a
pretty good chance of recovery.

Does IBM fit this?  No, they are not nearly in deep trouble yet.

Anything out there now that fits or comes close?  I just scanned the 
NYSE for 'vj' stocks.  The only interesting finds:

     LTV  -  what does this company do?

     Standard Brands Paint  -  retail store, probably not a large enough
                               company to rebound big enough to make taking
                               the risk now worthwhile

Any other ideas?

Howard Lynch
hl@hpocia.sj.hp.com
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: street name vs delivery
Organization: TRW, INC.
Date: Wed, 23 Dec 1992 22:32:29 GMT

One advantage of keeping certificates in street name has to do with
dividends.  If you receive them into your brokerage account, they will
be "swept" into your money market and begin earning interest (with some
exceptions).  It also simplifies your tax reporting -- the dividends
received will be totalled right there on the brokerage statement.

-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: vahe@nexus.yorku.ca (Vahe Ohan)
Subject: Re: IBM: What's your bottom line?
Organization: York University
Date: Mon, 28 Dec 1992 23:25:21 GMT

lynch@hpcc01.corp.hp.com (Howard Lynch) writes:

>So, what's your bottom line:

>	If you owned IBM stock right now, would you sell it?

>Thanks for any/all feedback (especially insider :-)!

>Howard Lynch
>hl@hpocia.sj.hp.com

   My bottom line on IBM is 35 - 40. There is a speculation that dividend
   will be gone on IBM stocks, therefore there is a very good chance of 
   going down as low as $35. So if I have any I would sell ....

V. Ohan
vahe@nexus.yorku.ca
From: ltaylor@eec.East.Sun.COM (Laura Taylor - Network Operations East)
Newsgroups: misc.invest
Subject: Maxtor?
Date: 22 Dec 1992 19:44:24 GMT
Organization: Sun Microsystems, Inc.
Distribution: world
Reply-To: ltaylor@eec.East.Sun.COM
NNTP-Posting-Host: eec.east.sun.com


Maxtor seemed like it was having a relatively good year
until IBM crashed. Is this just a coincidence, ie. other
things going on at Maxtor, or will it continue to go down
the drain with IBM?

/laura
Newsgroups: misc.invest
From: barad@chartres.ee.tulane.edu (Herb Barad)
Subject: E-TRADE - anyone using this - comments???
Nntp-Posting-Host-[nntpd-21948]: chartres.ee.tulane.edu
Organization: /home2/barad/.organization
Distribution: misc
Date: Thu, 24 Dec 1992 20:19:13 GMT

Is anyone using E-TRADE based in Palo Alto?  Their commission savings
over other brokers is substantial.  It seems like all (or at least
most) of the trading is all done electronically, not via a human.  Has
anyone had experience with them?  Are they trustworthy?

Please post or email replies.  Thanks in advance.

Sincerely,

Herb
--
Herb Barad	[Signal & Image Processing Laboratory]
		[Electrical Engineering Dept. - Tulane Univ.]
INTERNET:	barad@ee.tulane.edu
Newsgroups: misc.invest
From: chandrab@cbnewsf.cb.att.com (b.chandramouli)
Subject: Re: "Market efficiency"
Organization: AT&T
Date: Mon, 21 Dec 1992 17:40:28 GMT

In article <1992Dec18.165629.21654@pslu1.psl.wisc.edu> dbk@pslu1.psl.wisc.edu (Don Katz) writes:
>In article <1992Dec17.233131.1489@cbfsb.cb.att.com>, chandrab@cbnewsf.cb.att.com (b.chandramouli) writes:
>|> 	Tobias in his "The only investment guide you ever want (or something
>|> close to this title)" :
>|> 
>|> 	Value (worth)  of a stock is what the buyers are willing to pay 
>|> 		for it.
>|> 
>|> 	What a buyer wants to pay is what the buyer things the stock is worth.
>|> 
>|> This circular definition is inherent to the way valuation of a stock 
>|> is done. This is not just true for stock valuation. Similar circular
>|> concepts are inherent in the valuation of real estate, collectibles etc.
>|> May I extend this to say that whereever there are Supply and Demand
>|> forces are acting to set the price of anything, circularity is inevitable?
>
>I disagree strongly. Stock has an intrinsic value based on either its value as ownership in a company (and therefore its value if the company is sold, and the value is realized), or as the source of an on-going and increasing stream of dividends.
>
>Don
>

	I agree 100% if your definition of value is the present value of a
dicounted future stream of dividends. But the circularity inherent in the
definition of value (or worth) is seen in the following example. If someone
tells you that he bought a tulip  for $1200, you will laugh at him. But if
you saw a tulip in a shop yesterday for $2095, you will even tell him,
"Hey, you got a bargain on that tulip.". The tulip example, though sounds
academic, did actually take place in 18th century Holland (during the
tulip mania and after the tulip crash the "value" of tulip dropped from
1200 to 100 or so.)


	I can see  a debate between the differences between "price" and 
"intrinsic value" here. If in cases, where intrinsic value can be 
determined, the use of that value is limited only to finding out 
if the "price" (determined by supply and demand) is at a bargain 
or at a premium. 

chandra
att!acpfs!chandra