HDTenEightyP/NetNews huggingface dataset:
From: paul@hsh.com
Newsgroups: misc.invest.real-estate
Subject: Re: MLS--There IS a private one (was Re: Breaking the MLS monopoly)
Date: 20 Nov 92 15:22:56 GMT
Organization: HSH Associates

In article <JYL.92Nov18105304@burgess.eng.sun.com>, jyl@burgess.eng.sun.com (Jacob Levy) writes:
> 
> Is there any reason why private people should not be able to start their
> own listing service? I think it would work somewhat like this:
> 
> - Joe R. Andom wants to sell his home.
> - Joe contacts the private listing service.
> - They charge for a listing in the same manner as a newspaper would, i.e.
>   fixed cost per word and for a period of time.
> - Joe sells his home and cancels the listing.
> 
> The listing service also provides computerized subscriptions, so that
> anyone with a PC can connect. Probably the connection itself would be free,
> and there'd be a pay-per-access charge for each listing.
> 
> I cannot see how such a service would possibly fail as a business. Every
> sensible realtor would subscribe in addition to subscribing to the MLS, and
> every potential buyer with a PC would also independently subscribe.
> 
> I also think that if it came to a lawsuit, the charges could successfully
> fought on the grounds of monopolization.

Several attempts have been made to start a "private" MLS.  Most have failed, 
for reasons that have been well spelled out here by others (primarily,
advertising it so as to get listings, and sales).  With Realtor cooperation,
they won't get anywhere.  Compounding their problems is that, like any other
start-up biz, its owners must be prepared for years of losses. 

So far as I know, there's no law against starting one -- it's an advertising 
service.  There are probably laws against being a real estate agent without a
license, however. 

And, BTW, there IS a national, public MLS -- on America On-Line, in the Real
Estate forum.  Listings are FREE, aside from the charges incurred by AOL
proper.  This MLS has an advantage that the others did not have:  it doesn't
have to survive all by itself -- it will be around for as long as AOL is. 

------

 Paul Havemann, VP          HSH Associates            (201) 838-3330 
 Internet: paul@hsh.com     Compuserve: 70410,3507    AOL: HSH Assoc
 "Any opinions expressed are not necessarily those of the company."
  
"He walks again by night!  Out of the fog, into the smog -- doggedly...
relentlessly... ruthlessly... toward his weekly meeting with The Unknown..." 
Newsgroups: misc.invest
From: stgprao@st.unocal.COM (Richard Ottolini)
Subject: Re: tax free funds & 33% tax bracket ?
Organization: Unocal Corporation
Date: Mon, 23 Nov 1992 16:40:34 GMT

In article <1elkm7INN3q0@usenet.INS.CWRU.Edu> jxs18@po.CWRU.Edu (Jerry Sy) writes:
>
>why is a tax free bonds, or mutual funds always related to somebody
>with 33% tax bracket ?  why ? can't somebody with 20% tax bracket
>invest in tax free bonds ? is there something I'm missing ?
>

Market forces determine differential in yield.  Generally these trend toward
the highest tax brackets.  Take money market funds for example.
Most tax frees are yielding 2.5% and taxables 3.2%.  If you are in the 28%+
bracket, these are equivalent.  If you are in the 15% bracket then you'd
make more money investing in the taxable.
From: proberts@informix.com (Paul Roberts)
Newsgroups: misc.invest
Subject: Re: Working Assets
Date: 19 Nov 92 17:58:44 GMT
Organization: Informix Software, Inc.

In article <1992Nov18.192522.16924@tandem.com> pearson_steven@tandem.com (Steven R. Pearson) writes:
>
>  ***  beware controversial opinions follow  ***
>
>Personally, I would put your money where it will earn the most and then if
>you want, donate the difference between what it will earn in, say, Vanguard
>Money Market Prime, and Working Assets, to your favorite charity.  IMHO,
>the failure of an SRI fund to invest in Mean and Nasty Corp has next to no
>effect on anybody but the investor.  As long as MNC can continue to make
>money hand over fist doing whatever it does, there will be investors lining 
>up

Maybe so. On the other hand, I wouldn't want to make money by selling,
say, heroine and needles to children, even if I knew I could get away
with it and that if I didn't sell them, then others would instead.

By extension, I might not want to own shares in a business that operates
"unethically" - it doesn't mean that I think it will go out of business
if I don't invest in it, just that I personally don't want to be
involved.

Paul
Newsgroups: misc.invest
From: jasonc@bnr.ca (Jason Chen)
Subject: Re: A RANDOM WALK DOWN WALL STREET...good book!
Reply-To: jasonc@bnr.ca (Jason Chen)
Organization: Bell-Northern Research Ltd.
Date: Mon, 16 Nov 92 15:24:34 GMT

In article <1992Nov12.183724.17709@m.cs.uiuc.edu>, watanabe@milton.cs.uiuc.edu (Larry Watanabe) writes:
|> schneid@uxa.cso.uiuc.edu (Mike Schneider) writes:
|> 
|> >The book "A Random Walk Down Wall Street" was very interesting
|> >reading, especially for anyone who thinks the can analyze
|> >some data and come up with a good *speculation* strategy.
|> 
|> >Burton Malkiel explains that speculating is trying to make 
|> >quick money, while investing is making money over the long haul.
|> >Further, he says that one can create a good investment strategy
|> >but not a good speculation strategy.  It appears that the good
|> >way to make money is to spread out your risk.
|> 
|> >The book is basically about why technical and fundamental analysis
|> >won't work, with many examples of exactly when and how it wouldn't work.
|> >Pretty good reading.
|> 
|> Malkiel's case against the fundamental analysis not working is
|> based on the "efficient market" theory. However, people often
|> overreact to bad news, which is why often strategies
|> like low P/E can outperform random choices.
|> 
|> Also, Malkiel is very careful to note that a
|> random strategy will perform as well as the AVERAGE money manager.
|> He does note that there are some exceptions to this rule.

	Just one note: Malkiel assumes that all people have the bad news
and they have the bad news at the same time.  So that all the people can react at about 
the same time.  In reality, the bad news propagates rathen slowly to many investors,
especially are those small investors.  The worst is that many investors don't even 
get the bad news until it's too late.  As the result of propagation deplay, random 
walk may not perform as well as it claims.  I believe there are still needs for the
technical and fundamental analysis.


-- 
Jason X.G. Chen      | "A distributed system is one in which the 
Ph:  (613) 765-4844  | failure of a computer you didn't even know 
Fax: (613) 763-2202  | existed can render your own computer unusable"
Email: jasonc@bnr.ca | 				  Leslie Lamport
From: franks@hls.com
Newsgroups: misc.invest
Subject: Req Info on PACIFIC BROKERAGE SERVICES
Date: 18 Nov 92 18:14:34 GMT

Hello,
I was thinking of using "PACIFIC BROKERACE SERVICES, INC" of Los Angeles
as my discount broker. Has anyone heard any good or bad news about this
firm. 
Thanks...

Frank S
Newsgroups: misc.invest
From: keith@iscp.Bellcore.COM (Keith Hawkins)
Subject: Re: The death of the Video Store?
Reply-To: keith@iscp.Bellcore.COM (Keith Hawkins)
Organization: Bell Communications Research (Bellcore)
Date: Tue, 17 Nov 92 20:41:49 GMT

In article <26177@optima.cs.arizona.edu>, bakken@cs.arizona.edu (Dave
Bakken) writes:

{some stuff deleted}

|> >
|> >Technology has been developed (by my company, but not by me :-( )
|> that
|> >allows a video channel to be delivered to a home via the copper
|> wiring
|> >that is already there. They don't have to have fiber optics all the
|> way
|> >to the home.
|> 
|> Yes, I've read this in the last week, and it is fascinating.  But
|> I've also read that live events like sports won't be able to be
|> offered in real time, because of the heavy compression that the
|> pictures need to undergo.  (I suppose that we may have fast enough
|> computers soon, but when they will be fast enough and cheap enough
|> for anything but the largest sporting events---which would be
|> covered by sattelite broadcasts anyway---remains to be seen.)
|> 
|> It is also not clear how much, if any, this development will help
|> speed up telecommuting bandwidth to the home, like fiber optics
|> greatly would.  In fact, if it slows down fiber installation, then
|> this new copper-wire video service will probably hurt the pace of 
|> telecommuting.
|> --

Fiber optics is the way of the future, regardless of any new techniques
or technologies which would bring new capabilities to exisiting media.
The transition from copper to fiber is inevitable, but not
instantaneous.
What technologies such as the one described above provide is
transitional
capabilities which allow new capabilities to be delivered via old
media.  Eventually, these services and even better ones will be
made available on fiber optic media.  These transitional technologies,
I believe, would if anything hasten the introduction of fiber optics.
The transitional capabilties will make new services available to
consumers
on a wide-scale because they utilize the exisiting infastructure,
rather
than having to wait for the new infrastructure to be deployed.
These capabilties will give consumers a taste of what
is to come and help answer the question: "Why do I, an average-Joe,
need fiber optics?"  Once the consumers have been given a taste of
what is possible via fiber optics, they will (hopefully) crave for 
more.  

This is just my two-cents worth.  
-Keith

P.S. I may work for Bellcore, but I do not speak for Bellcore and
Bellcore doesn't speak for me.  

Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: DELL accused
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Mon, 23 Nov 1992 17:51:51 GMT

meyers@lorenz.ocean.fsu.edu (Steve Meyers) writes:


>What do people think of the allegations against Dell Comp. 
>of financial misconduct? Are the accusations true? How much did their 
>unusual accounting procedures affect their latest earnings 
>report?

>Thanks.

>Steve

This is what I have heard:

The key charge seems to be that Dell's profits was helped by
trading in currency markets. Dell has indicated that 
it has adopted accepted accounting practices
in reporting the gains and losses from currency
transactions and that such transactions have not had a 
material impact on the company's profitability. 

The analyst (Kidder Peabody, I think) also seems to feel that Dell's growth
could slow -- but everyone seems to believe this anyways,
since it has been growing so fast. The analyst 
also feels that the company could have more difficulty
controlling its expenses structure.

If anyone hears more, please let me know too. 

-Larry Watanabe watanabe@cs.uiuc.edu

Newsgroups: misc.invest
From: narayana@psuvax1.cs.psu.edu (Kuram T Narayana)
Subject: Re: Fod Lion 
Organization: Penn State Computer Science
Date: Mon, 16 Nov 1992 01:41:50 GMT

In article <Psw4TB2w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>cooper@casey.ColumbiaSC.NCR.COM (Bob.Cooper) writes:
>
>> What are peoples thought on the Food Lion ordeal?  There have been may
>> times in past history where bad news sent the stock sharply downward for
>> a short while only to be followed by steady increase back to earlier
>> levels.  Didn't Union Carbide fall into this catagory?
>
>Presuming you're referring to the Bophal thing, I believe UC was in
>the position of being a basically sound company that suffered some
>*very* bad publicity due to two acts of stupidity; one on the part
>of some UC employees, and one on the part of the residents of Bophal
>(when the warning sirens went off, all the residents started running
>*toward* the plant to see what was happening). The majority of UC was

My god! you sure are a stupid american. For your information sir,
I had my brother and famaily who survived the murder in the 
Gas chamber of Bhopal by UC. No the people of Bhopal did 
not run to the plant to see what was happening, my dear stupid
fellow. They ran out doors to breath fresh air. And they further 
inhaled the MIC gas. Stupid bum! learn that the gas was around
a five kilometer radius, it killed about 3000 people, injured
paramanently about 30000 people and partially injured about
100000 people. Try to learn some truth before you make some
blood money.

I hope most other Americans don't share this fellows views
and make blood money out of UC.

>not and has not been run in that manner.
>
>In the case of FL, it seems to be a basically scurrilous company,
>with pervasive problems, rather than an isolated incident.
>
>In both cases, the stocks will almost certainly go down. In the case
>of UC, it would rebound shortly. I doubt that FL will rebound very
>quickly, if at all.
>
>Gary Heston, at home....
>gary@cdthq.uucp
From: jdesai@ilu.COM (Jatin Desai)
Newsgroups: misc.invest
Subject: What to do with $5000 to $10000 till April 15th?
Date: 20 Nov 1992 19:39:55 GMT
Organization: ILU Computers
Distribution: world
Reply-To: jdesai@ilu.COM
NNTP-Posting-Host: sundeck.east.sun.com

I have accumulated an extra $7000+ in my business account which I will need
to pay taxes on April 15, 1993. Since I did not make a lot of money last
year, I don't need to worry about penalies etc. - I have made sure of this
with my accountant and by doing the IRS worksheet myself. Now the question
is - What do I do with the money till then? I am not a savvy investor but
am willing to learn. I do not mind a little risk as I have enough to cover
partial loss of the amount in case something very bad happens. Of course I
don't want to squander it all by buying junk investments!

I do not mind general or specific advice, but I would prefer specific advice
like (I think Mutual Fund A will do good in next 6 months).

Thanks for any advice/opinions.

---
Jatin Desai
____________________________________________________________________________
Email:	jdesai@ilu.com	or	Jatin.Desai@East.Sun.Com (current contract)
Phone:	(603) 595-4704	or	(617) 259-2056 		 (current contract)

Address:
ILU Computers
5-B Lampron Street 
Hudson, NH 03051


Organization: Carnegie Mellon, Pittsburgh, PA
Newsgroups: misc.invest
Date: Tue, 17 Nov 1992 17:34:04 -0500 
From: Jim_Laredo@transarc.com
Subject: More Opetions.

So assume that I wrote 10 call contract options due in March at a strike price
of $15, and therefore I got a premium of 10x$Y =  $X right away.
As we approach march, the stock has gone down a bit in price and the market
is trading those call options at $Z per contract, where $Z << $Y, so it makes
sense to go ahead and buy 10 contracts at $Z each and eliminate all the risk
involved in this transaction.

Now say that the stock took an upswing in the last day and the price went
higher than $15 (the strike price) and of course I get called, is my
stockbroker smart enough to go and call those options that I have and pay
whoever call me with those shares? If no, how do I avoid the risk of being
called and not being able to call those options that I have?

thanks,
Jim.


Newsgroups: misc.invest
From: alie@csl.dl.nec.com (Andrew Lie)
Subject: Tokos Medical (TKOS)
Organization: NEC America, C & C Software Development Lab
Distribution: usa
Date: Tue, 17 Nov 1992 19:14:46 GMT

Tokos Medical, one of Barron's Fund favorites, takes a dive today
(down 8 3/8). Does anyone have any news to share? Thank you.
  ____________________________________________________________________________
 [							                      ]
 [  Andrew K. Lie                 *#*  (( Any opinions expressed are mine. )) ]
 [  alie@asl.dl.nec.com          ("=") (( They do not represent the views  )) ]
 [                                =*=  (( of my employer, NEC America, Inc.)) ]
 [____________________________________________________________________________]     


Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Buying stock with a friend
Organization: TRW, INC.
Date: Mon, 23 Nov 1992 22:26:22 GMT

In article <By6GCu.qK.1@cs.cmu.edu> tjochem@d3.ius.cs.cmu.edu (Todd Jochem) writes:
>A friend of mine and I are thinking about buying a stock togther but we have
>some questions. 
	[deletions....]
>Does anyone have any suggestions about this situation??

I wouldn't get in this situation.  Suppose you want to sell and he
doesn't and you don't and the stock goes down?  How will you feel?  Or
vice versa?  Suppose he gets run over by a truck (can happen) or some
other fatality?  Where are you then?

In short, to save a few bucks on commission you are getting into a rats
nest of possible difficulties.  It sure doesn't sit well with me, but
it's *your* money :-)

-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: lib@cbnews.cb.att.com (Lib)
Subject: Re: Inflation Coming? (Gold?)
Organization: AT&T
Date: Wed, 18 Nov 1992 14:58:52 GMT

In article <wHueuB4w161w@cdthq.UUCP> gary@cdthq.UUCP (Gary Heston) writes:
>lib@cbnews.cb.att.com (Lib) writes:
>
>> In article <24560004@hpgnd153.grenoble.hp.com> errol@hpgnd153.grenoble.hp.com
>> .......
>> >If you still want to play it, go with gold stocks.  Gold stocks are cheap
>> >(Homestake Mining - $11) so in the short term, you might make some money.  L
>>    
>> Is it the price of the stock that determines whether it is cheap?
>
>No. Price relative to the stocks' potential return, or to it's book
>value.
>
>If price alone were the criteria, penny stocks would be an incredible
>deal. They generally are the *worst* value...

Gosh, does that mean that maybe gold stocks AREN'T cheap?

Newsgroups: misc.invest
From: tim@ssd.intel.com (Tim Gates)
Subject: Stock Option symbols 
Organization: Supercomputer Systems Division (SSD), Intel
Distribution: usa
Date: Wed, 18 Nov 1992 21:29:14 GMT
Expires: Tue, 1 Dec 1992 08:00:00 GMT

Is there someone out there that has some information on the stock option 
symbols for, say, the fortune 500 companies?  My local broker has a free,
dial-up quoting system and I was looking to track some of the larger company
options.  Silly me, I thought the stock symbol would be the same as the 
option symbol with an addition of a strike price and put/call selection, but
it isn't.   Help anyone?

Thanks in advance,
tim@ssd.intel.com
Newsgroups: misc.invest
From: rint69@uxa.cso.uiuc.edu (rintoul bradley e)
Subject: Solo Joint Inc.
Summary: stock
Organization: University of Illinois at Urbana
Date: Wed, 18 Nov 1992 03:44:29 GMT
Keywords: invest

Does anyone know how one could invest in Solo
Joint Inc. in So.Central Los Angeles? I'm not
talking a huge sum here...


Thanks,
  
  Brad Rintoul
  rantoul@lassi.ece.uiuc.edu
From: mtitus@umsa.umd.edu (Marvin A. Titus)
Newsgroups: misc.invest
Subject: Selecting Stocks
Date: 18 Nov 92 17:33:54 GMT
Distribution: usa

I would like to know if anyone uses the database provided by Media
General (via DIALOG or CompuServe) to select stocks by scanning on
pre-defined criteria (i.e. 5 yr. EPS growth rate of more than 20%, closing price
below $15, price momentum above 100, etc.) ?

I would like to know if their data are reliable enough to scan for
stocks on a routine (monthly?) basis.
From: McAldon International Inc. <mcaldon@igc.apc.org>
Newsgroups: misc.invest
Date: 18 Nov 92 20:28 PST
Subject: Re: A stupid question I should know
Nf-ID: #R:1992Nov17.195551.6466@porthos.cc:2130852945:cdp:1426500296:000:1067
Nf-From: cdp.UUCP!mcaldon    Nov 18 20:28:00 1992


|After reading time and time again about this or that company
|issuing 2 million more shares, it suddenly dawned on me
|that I don't understand how this process works !!
|[...]
|If a share is supposed to represent a peice of the corporation, 
|how can "new" peices get created??  Where did these new peices 
|come from?
|Are these shares that already existed, but were held
|internally by the corporation??
|If anyone can shed light on how this process works,
|it would be greatly appreciated.  
|Keith


When a company incorporates, its capital (read shares of stock) is
stated in its Articles of Incorporation.  The company can issue as
many of these shares as it chooses.  Any left in the treasury are
described as authorized but unissued.  When a company wishes to
issue more stock but has none left in its treasury, it can amend
its Articles to increase its capital by applying to the state in
which it is incorporated.   DMcKenzie

|    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
From: rab@bevsun.bev.lbl.gov (Robert Belshe)
Newsgroups: misc.invest
Subject: Brokerage account access via modem
Date: 21 Nov 1992 06:57:42 GMT
Organization: Lawrence Berkeley Laboratory, California
Distribution: usa
NNTP-Posting-Host: 128.3.112.85

I'm considering setting up a brokerage account which can
be accessed from my PC for quotes, trades, etc..

Fidelity, Charles Schwab, and Quick&Reilly (that I know of)
all offer these types of accounts..

I would like to hear from anyone on the net with experience 
or advice on this topic.

Thanks in advance.....Bob


-- 

Bob Belshe
From: clem.contardo@execnet.com (clem contardo)
Newsgroups: misc.invest
Subject: scitex
Date: 17 Nov 92 12:58:01 GMT
Reply-To: "clem contardo" <clem.contardo@execnet.com>
Distribution: misc
Organization: Executive Networks Information

One of my superiors at work has asked me for information about SCITEX.
I'd appreciate any opinions on the stock, favorable or unfavorable.
Thanks in advance.

Clem C
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Newsgroups: misc.invest