HDTenEightyP/NetNews huggingface dataset:
From: rbeville@tekig5.pen.tek.com (Robert E Beville)
Newsgroups: misc.invest
Subject: finbooklist.1 books, investing, beginners
Keywords: ditto
Date: 27 Jul 92 19:52:15 GMT
Distribution: usa


	I intended to do this a long time ago to help some of you novice
	investors.  It is part of my finance library/collection.  It could
	save a lot of low level net traffic.
	I'll append to this list another time.  To get
	these books, LOG OFF NOW and go to the nearest GOODWILL thrift
	store, Salvation Army store, etc.  They may seem stale to you
	but they are rich in good old fundamental material.  Later dudes...

	George S. Clason  THE RICHEST MAN IN BABYLON       Bantam
	Sylvia Porter     NEW MONEY BOOK FOR THE 80S       Avon
	Louis Engel       HOW TO BUY STOCKS                Bantam
	Venita Van Caspel MONEY DYNAMICS FOR THE 1980S     Reston
	Charles Schwab    HOW TO BE YOUR OWN STOCKBROKER   Macmillan
	Burton Crane      THE SOPHICATED INVESTOR          Simon&S
	Norman G. Fosback STOCK MARKET LOGIC               In. for Ec. Res.
	C. Colburn Hardy  THE FACT$ OF LIFE                amacom
	Gerald M. Loeb    THE BATTLE FOR INVESTMENT SURVIVAL  Simon&Schuster
	L Louis Rukeyser  HOW TO MAKE MONEY IN THE STOCK MKT  DoubledayDolphin 
	Burton G. Malkiel A RANDOM WALK DOWN WALL STREET   Norton
	Benjamin Graham   THE INTELLIGENT INVESTOR         Harper&Bros
	John A. Straley   WHAT ABOUT MUTUAL FUNDS          Harper&Row
	Claude Rosenberg  STOCK MARKET PRIMER              World Pub Co
	William Donoghue  NO-LOAD MUTUAL FUND GUIDE        Harper&Row

	that's -OWARI- from GLOWWORM-7-9-4
	best regards, rbeville@tekig5.PEN.TEK.COM
	Bob Beville, Tektronix, Inc., Beaverton, OR 97077
Newsgroups: misc.invest,sci.econ
From: miklg@acuson.com (Michael Goldman )
Newsgroups: misc.invest
Subject: Re: Drops in Stock Prices
Date: 30 Jul 92 15:20:41 GMT
Distribution: usa
Organization: Acuson; Mountain View, California

rmackenz@wtcd.DaytonOH.NCR.COM (Robert Mackenzie) writes:

>bad news.  My question is: How does one get in on that news (good or bad)
>to dump the stock early, in this caser?  I almost never see anything in
>the paper about Adobe, but sombody sure found out.  By the time I become
>aware, the stock has dropped a long way.

>So, I guess the question really is: How does one obtain current information
>about a specific stock in time to make a smart move.

	My local Schwab office has a few terminals that provide not only
	stock quotes, but the latest news on whatever stock you type in.
	Maybe other brokerages are similar.

	- Michael

-- 
"History teaches us that men and nations behave wisely once they have
exhausted all other alternatives." - Abba Eban
	Disclaimer:  All views are solely my own & not the views of Acuson.
	<sun!sono!miklg>  or  [miklg@acuson.com]
From: wania@aurora ( development)
Newsgroups: misc.invest
Subject: Re: Northern Telecom Stocks
Date: 22 Jul 92 20:30:35 GMT
Distribution: na
Organization: Mitel. Kanata (Ontario). Canada.

linb@bcarh854.bnr.ca (Bin Lin) writes:

>Does anyone know why NT stock tumbled $3-4 today?

>Are there any people following this stock and can provide 
>some comments?

>Thanks

>Bin

Northern reproted a 'not-so-good' 2nd quarter. it's amazing how people
dumped stocks just because the 2nd quarter was a few million less than
last years. I guess it was a short sellers dream.
xerxes
-- 
Xerxes Wania              | Usenet: wania@icpd.mitel.com 
MITEL Corporation         |         
360 Legget Drive, Kanata, | "Transatlantic call from Mr. Floyd 
Ontario, Canada K2K 1X3.  | to Mrs. Floyd are we reaching..."
From: nicklaus@lonetree.lonetree.physics.wisc.edu (Dennis J. Nicklaus)
Newsgroups: misc.invest
Subject: Re: Exceptional Technology Stocks by Volume and Change 7-29
Date: 30 Jul 92 16:19:23 GMT
Followup-To: misc.invest
Organization: Univ. Wisconsin High Energy Physics


Oops, somebody's software is broken!

>For Wed Jul 29 1992:
...
>Issue     Notes  Dividend  P-E   Volume   High    Low     Close   Change   Pct
>                          Ratio  (100s)                                   Change
>Microsoft   s O       	       	 44919 	 74.75 	 72.00 	  74.00	 -74.00	 -50.0%
>WangL B       A   0.16	       	 32677 	  2.63 	  1.75 	   1.88	  -1.00	 -34.8%
>Symantec    s O       	       	 11100 	 21.50 	 20.25 	  20.38	 -20.38	 -50.0%
>Borland       O       	       	  8326 	 47.00 	 45.00 	  46.00	 -45.00	 -49.5%
>Adaptec     s O       	       	 10159 	 24.50 	 22.88 	  23.38	 -23.75	 -50.4%
>WangL C       A   0.11	       	   251 	  4.00 	  3.00 	   3.00	  -1.50	 -33.3%
								 ^^^^^^^  ^^^^^
Whoa! Bummer day at the market, dudes!

Dennis
From: aron@garnet.berkeley.edu (Aron Roberts)
Newsgroups: misc.invest
Subject: Best place to buy California general obligation bonds?
Date: 30 Jul 1992 16:08:55 GMT
Organization: University of California, Berkeley
Distribution: ca
NNTP-Posting-Host: garnet.berkeley.edu
Originator: aron@garnet.berkeley.edu

  The State of California occasionally finances its debt by issuing
general obligation bonds backed by the general taxing powers of the
state.  Recent issues often have maturities of ~20 years and pay a 
Federal- and State-tax free interest rate of roughly 6.5%--perhaps 
now slightly higher--as the state's bond ratings have fallen over the
last several months, reflecting the state's weak economy and stalemates
between the governor and legislature in several recent years, including
most notably FY1992-93, in approving the state's annual budget.
According to the Bond Services unit of the State Treasurer's office,
the state's general obligation bonds are not sold directly to the
public, but can be purchased in multiples of $5,000 and $10,000 from
large banks and securities brokers.

  As one who has previously purchased only US Treasury notes in 
$1,000 denominations at a Federal Reserve Bank without having to pay
any service charges or brokerage commissions, I'm loathe to invest 
more than a total of $5,000 or pay any appreciable fees to buy into 
a small piece of California's debt :-).  Therefore, if you have
purchased California general obligation bonds from a bank or broker in
a $5,000 (or lower) denomination, please send me email describing your
experiences, including the amount or percentage of fees or commissions
that you paid, if any.  (If you tried to make such a purchase but found
the minimum required purchase or the fees charged to be prohibitive, I
would also be interested in what you learned.)  I will summarize all
responses received to the net.

  (In the past, Bank of America has placed newspaper advertisements
offering a prospectus which described that bank's resale offerings of
California general obligation bonds.  However, the minimum purchase
amount was $25,000.  I am also aware of some of the excellent no-load,
low annual fee mutual funds that invest in California municipal and
state/state agency debt, but am currently interested in bonds which can
be held to maturity and pay a fixed interest rate, rather than in funds
whose share price and yield may fluctuate over time.)

-- 
Aron Roberts  Workstation Software Support Group . 221 Evans Hall
              University of California, Berkeley, CA 94720
              aron@garnet.berkeley.edu . ucbvax!garnet!aron
              aron@ucbgarne.bitnet . (510) 642-5974 . fax: (510) 643-5385
Newsgroups: misc.invest
From: keith@iscp.Bellcore.COM (Keith Hawkins)
Subject: Re: How does quarterly loss directly affect shareholder?
Reply-To: keith@iscp.Bellcore.COM (Keith Hawkins)
Organization: Bell Communications Research (Bellcore)
Distribution: usa
Date: Tue, 28 Jul 92 20:09:05 GMT

In article <1992Jul27.212108.15587@pony.Ingres.COM>, gmcquary@Ingres.COM
(George F. McQuary) writes:
|> A company that I own in just announced a loss this quarter, then they
|> made the
|> statement that this loss was "equilavent to 35 cents per share".
|> 
|> Does this mean that they will now sell their stock to the public 35
|> cents
|> lower per share? That they will try to get 35 cents per share from
|> each
|> share holder to coop their loss? Is this meaningful information at
|> all?
|> 
|> --
|> George F. McQuary 
|> "He is mad, bad and dangerous to know." -Lady Caroline Lamb



George,

The company is merely saying that if you translate the loss to a per
share
basis, it works out to 35 cents a share.

Let say the company lossed $1 million dollars.  And there a 10 million
shares
outstanding.  (i.e. The coorporate pie was cut into 10 million slices of
which
you probably own a couple hundred slices)

1 million dollars divided by 10 million shares is a 10 cents/shrare
loss.

The answers to your questions above are as follows:
1) No.
2) No.
3) Yes.

1) The companay does not control the value of the shares directly. 
Supply and demand 
   in the market dictates this.  

2) The share price will rise or fall just as it did before the
announcement.  However
   if the earnings news is dramatic enough, it might cause alot of
people to sell
   which would cause a decrease in price.  Maybe even more than 35
cents/share.
   The company can't request money from you.  In fact, the company in a
way
   borrowed money from you already!  The company made shares available
for trading to
   underwriters in exchange for the value of the shares at the time of
offering.  The
   company then uses the proceeds from the initial offering of the
shares in
   order to build a new plant, enhance R&D, send the CEO to Burmuda, or
whatever.
   The shares are no

3) Yes.  Right now the market is very sensitive to earnings reports and
with good reason.

   It might be debated whether or not we are currently in a recession.
   What ISN'T debated is that last year at this time we WERE in a
recession.

   So if a company this quarter is doing worse than they did a year ago
at this
   time when we were still in a recession, this bodes (spelling?) 
poorly for
   the company.  This is one reason why the market is so sensitive to
earnings
   right now.


   


-Keith 
Newsgroups: misc.invest
From: xcpslf@decsrv.NoSubdomain.NoDomain (stephen l favor)
Subject: Re: Charles Givens Organization
Keywords: overpriced
Reply-To: xcpslf@decsrv.oryx.com
Organization: Oryx Energy Co., Dallas, Texas.
Distribution: usa
Date: Fri, 24 Jul 1992 14:37:40 GMT

In article <2062@tivoli.UUCP>, dfavor@logan.tivoli.com (David Favor) writes:
|> In article <1992Jul19.043528.1129@cirrus.com>, lando@cirrus.com (Dave Landis) writes:
|>
|> |> You can use the strategies that he mentions or go to your local library
|> |> (for free) and read books and magazine articles that give you the
|> |> same data without all the hype.  He also recommends cutting
|> |> unnecessary insurance and invest the difference.  The stuff
|> |> that he recommended cutting would have saved me $30-$40/month.
|> |> I was better off trimming in other areas other than insurance.
|> 
|> what strategies have you extracted from other sources and how much have
|> you made/saved by implementing these strategies. the minimum membership
|> package costs $399. if the insurance strategies were able to save you
|> $40/month that's $480/year... that means the insurance strategies payed
|> for you membership in 10 months. also $40/month at 15% interest for 30
|> years is 280K+. seems like a fair return for a $399 investment.

You can extract the same insurance saving from reading Popular magazines,
Given's book, or by reading the break-down of expenses on your insurace
bill.  Just be smart.  Don't carry comprehesive on a car worth $2500.  Carry
the highest possible deductable.  There's not much you can do past that.

As far as investments go, Given's seems to be making some outlandish promises.
Seems to me you're better off investing the the money instead of sending it
to Givens.  What does $399 plus the $??/month fee to remain an active Given's
member become in 30 years at 15%?  Subtract this from your 280K+ above for the
real story. 
Newsgroups: misc.invest
From: xcpslf@decsrv.NoSubdomain.NoDomain (stephen l favor)
Subject: Penny stock or options traders
Reply-To: xcpslf@decsrv.oryx.com
Organization: Oryx Energy Co., Dallas, Texas.
Date: Fri, 24 Jul 1992 15:05:10 GMT

Anyone out there who trades in the penny or options marrkets?  I'm
interested in people's practical experience in these markets.  I've
heard all the horror and success stories, and now I'm looking for
advice/recommendations from actual traders such as what brokers you
use and why, and what your general approach to these markets are.

Please only respond to this if you've actually done so trading as
I already know all the theory.
Newsgroups: misc.invest
From: cw@orion.uucp (C.W. Chung)
Subject: Re: Cray Computer: When to bail out?
Organization: Objectivity Inc.
Distribution: usa
Date: Tue, 28 Jul 92 23:56:59 GMT

    In article <toddc.712340751@fig39> toddc@cray.com (Todd Crowe) writes:
    >philco@microsoft.com (Phillip Cooper) writes:
   
    >>Ajay,  Do you have statistics to back up this absurd claim?  I can't think
    >>of a time when MS market share has been bigger!  We have the huge majority
    >>in OS sales (Almost 100% of the DOS market, 20 times as many Windows sales
    >>as IBM has OS/2 2.0 sales).  We have the leading Windows spreadsheet and
    >>wordprocessor.  If you back up this claim with hard facts, I will be the
    >>first to apologize.  Otherwise, I will be waiting for your apology.
    
    >Phil,  Do you have statistics to back up this absurd claim?  I'm refering
    >to your Windows-to-OS/2 comparision.

No, the claim is far from absurd.  The running rate of Windows shipment is
about 10 million copies per year.  IBM has not released the shipment rate
of OS/2.  However, the installed base in March was said to be 1 million copies.
Note that this installed base included all shipment of OS/2 from day when
it was first shipped.  Since the shipment of OS/2 2.0 was said to be less than 
brisk, I'll estimate the running rate of its shipment to be 50% to 100% of the
installed base, putting it at a figure of 500K to 1million copies per year.

That gives Windows 3.x vs OS/2 a ratio of 10:1 to 20:1.  So the quoted figure
20x is within the reasonable bounds.

One could appreciate the dominance of Windows from another perspective.
The installed base of ALL unix workstation combined (excluding the 386 PC-based
Xenix which are often exclued from the workstation category) is somewhere 
around 1 million (+/- 30%), and the running way is nowhere near 500K per year.
So Windows sales is 20X that of all unix workstations combined!

-cw-
Disclaimer:  I don't work for Microsoft, and I cannot say I like Windows 3.x!!
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Capital Strength of Banks (was Re: December Surprise Scenario)
Date: 25 Jul 92 18:36:13 GMT
Organization: U of Arizona CS Dept, Tucson

In article <9207250514.AA06852@public.BTR.COM> timlee@btr.com (Timothy J. Lee  timlee@btr.com) writes:

>All I can say is, check on the capital strength of the banks, S&Ls
>and credit unions that you deposit significant amounts of money in,
>or use for regular checking accounts (you don't want all your checks
>bounced with "failed bank" stamped on them, do you?).

Exactly how does one go about this, and for what does one look
for?  Also, does this apply to banks in which your mutual funds
hold their assets?  Thanks!

--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4089      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Newsgroups: misc.invest
From: ff76@vaxb.acs.unt.edu
Subject: Dean Whitter - phone no. please
Organization: University of North Texas
Date: Wed, 29 Jul 1992 20:27:01 GMT

Could anyone please e-mail me a telephone number for Dean Whitter?  Could not
locate one in WSJ, IBD or the (local) yellow pages.  Neither do I know where
they are headquartered.

Thanks in advance.     - Jhinuk.

Jhinuk Chowdhury

University of North Texas
FF76@VAXB.ACS.UNT.EDU
From: breid@pyrhard2.eng.pyramid.com (Bill Reid)
Newsgroups: misc.invest
Subject: Re: software co's
Date: 23 Jul 92 14:42:08 GMT
Organization: Pyramid Technology Corporation, Mountain View

In article <91620@bu.edu> merritt@macro.bu.edu (Sean Merritt) writes:
>
>
>	Am I missing something here? Borland comes out with
>	earnigns off 87% and the stock goes up?
>	Lotus comes out with earning up 26% (below street
>	expectations slightly) and the stock takes a dive?
>	Shouldn't this happen the other way around?

I hope this doesn't sound too much like technical analysis, but it will, 
so anyway:

I can't speak about these particular situations, but you might always 
want to look at some standard technical things like moving averages, and 
see if you can't detect a pattern.  I've been doing something similar 
lately, which is to construct histograms (actually "virtual" histograms) of 
% of ownership of stocks/market at price levels, derived from the volume 
figures over a period of time.  I figure that a stock or market reaction is  
naturally going to be influenced by how many people bought at a certain 
price, and are either looking to unload (take losses) or hang on for 
more profit, affecting the supply side of the equation.  The problem with 
just a moving average is that it doesn't take volume into account, so 
doesn't tell us how many people are out there with certain "motivation" 
levels.  Even after you have the histogram, you still have to deal 
with the demand side ("expectations"), but I've found it to be very 
helpful in the last 8 months or so for options trading.  
Xref: sparky misc.invest:9839 misc.invest.real-estate:276
From: asylvain@felix.filenet.com (The Chipmunk)
Newsgroups: misc.invest,misc.invest.real-estate
Subject: Re: Sold mortgage loans
Keywords: mortgage loan servicers
Date: 24 Jul 92 00:59:10 GMT
            <1992Jul16.165618.15711@microsoft.com>
            <1992Jul17.204822.10451@donner.SanDiego.NCR.COM>
            <1992Jul21.010834.955@ide.com>
Reply-To: asylvain@fritz.filenet.com (The Chipmunk)
Organization: Foundation for the Increased Wealth of Chipmunks

Written in article <1992Jul21.010834.955@ide.com>
 by schmid@ide.com (Stephen Schmid):

: Regarding the practice of lending institutions selling loans to other loan
: servicing companies, the highly-regarded real-estate columnist Robert Bruss
: [...] has written numerous
: times that this is one of the most corrupt industries in the country.
[...]
: He has described several scams they engage in, for
: example the "late payment" scam whereby they claim they've received your
: payment late and assess penalties.  This forces you to have to send
: every payment by certified mail.  There were many others.
:
: What can we do?  I don't know. It seems it will take a concerted outcry
: from many people to pressure our legislatures into improving the law.

I can only suggest that if find yourself with a scam artist, that you
IMMEDIATELY take steps to get OUT.  Refinance, even if the rates are not
favorable.  I'd rather pay extra points interest than deal with any
unscrupulous characters.

In the meantime, if you suspect foul-play, there are numerous routes
that can be taken to rectify the situation, including notifying every
public and private watchdog agency you can get a hold of, and letting
the weasals know that's what you're doing.

-- 
The Chipmunk.
Opinions are mine, batteries not included, void where prohibited.
If you live in a country run by committee, be on the committee.
    -- Graham Summer
Newsgroups: misc.invest,sci.econ
From: sehari@iastate.edu (Babak Sehari)
Subject: Should we limit the shorts life time.
Originator: sehari@vincent1.iastate.edu
Organization: Iowa State University of Science and Technology, Ames, Iowa.
Date: Fri, 24 Jul 1992 21:35:41 GMT

---

  One of the reasons that stock market crashes is the frenzy of shorting
by big investors.  For example, Mr. Ross Perot have shorted $1M of citibank.
The funny thing is these "Market Terrorists" do not have to cover their shorts.
I was wondering would be a good Idea to tell people "you can not sell things
that you do not own, or buy a put option, or write a call option". At least,
they should limit the time they should cover their shorts.  This would
make an individual investor on the same footing as large investor.  So, 
when Mr. Perot or people like him decide to run against an incumbent President,
they could not sell things that they do not own, bring the market down,
and influence the democratic process this way.

                      With highest regards,
                           Babak   Sehari.
Newsgroups: misc.invest
From: petri@venus.iucf.indiana.edu (HOWARD PETRI)
Subject: Deutschmark Account
News-Software: VAX/VMS VNEWS 1.3-4   
Reply-To: petri@venus.iucf.indiana.edu
Organization: INDIANA U. CYCLOTRON FACILITY, BLOOMINGTON, IN
Distribution:  world
Date: 21 JUL 92 11:22:31    

     I just called Fidelity and they do have a fund that is dedicated
to the Deutschmark. Unfortunately it operates through the buying and
selling of forward futures contracts in the Deutschmark, or even worse
in options in the futures market. Therefore, it is totally 
dependent on exchange rate fluctuations and independent of
the current interest rate in Germany--at least to first order.
      This is not what we are looking for! The fund earned 3.77% 
last year. I called Shearson and they gave me a local number to call,
but I suspect that it will be the same story there. 
I may try Citicorp next.

Howard
Newsgroups: misc.invest
From: kim@watnow.uwaterloo.ca (T. Kim Nguyen)
Subject: Charles Givens experiences in/around Toronto?
Originator: kim@watnow.waterloo.edu
Organization: PAMI Group, U. of Waterloo, Ontario
Distribution: ont
Date: Fri, 24 Jul 1992 14:59:54 GMT

I would like to hear from anyone in or around Toronto who has had
experiences (good or bad or neutral) with the Charles Givens
Organization.  Specifically, they are asking for $1000 up front for a
financial planning and investment system that is purported to be
guaranteed to return your money within a year if you haven't saved it
by following their advice (and have met other conditions).  I
especially would like to know from seasoned investors how $1000
compares with the fees you might find yourself paying to other
financial planning individuals or agencies, keeping in mind that CGO
appears to be offering centralized pre-digested investment strategy
information (whereas I might have to go searching through libraries
and speak to many individuals and spend more time were I to attempt to
learn this information on my own).

Any comments on your experiences would be greatly appreciated!

	Kim
-- 
T. Kim Nguyen 				  kim@watnow.waterloo.{edu|cdn}
Systems Design Engineering  --  University of Waterloo, Ontario, Canada
From: merritt@macro.bu.edu (Sean Merritt)
Newsgroups: misc.invest
Subject: Re: Banyan Systems Inc. IPO
Date: 22 Jul 92 14:26:16 GMT
Organization: Boston University Physics Department
In-reply-to: newwave@desire.wright.edu's message of 21 Jul 92 20:14:47 GMT

In article <1992Jul21.151447.3014@desire.wright.edu> newwave@desire.wright.edu writes:



>     Lots of you must be aware of Banyan Systems going public.  I have heard of
>   this company sometime back.  Do not know what it has been upto for the last 3
>   years.  Any information is welcome.

>     I think they filed the IPO issue in the first week of July.  I cannot
>   remember the underwriter but I have logged it somewhere.  If any interest is
>   posted or emailed, I will search harder.  Personally, I think IPOs are risky
>   unless I know the firm very well.  

>   Cheers...
>   K. Desai


You understand of course the major compettion here is Novell.
I don't know much about LAN's but my roomate who does says that
for their product VINES is better for >400 nodes. Still Novell
has the lions share of the market and that won't change for 
some time.



--
Sean J. Merritt		         |      Nietzsche che dice?
Dept of Physics Boston University| 	       Boh!	
merritt@budoe.bu.edu		 | 
Newsgroups: misc.invest