HDTenEightyP/NetNews huggingface dataset:
From: murthy@ssd.dl.nec.com (Vasudev Murthy)
Subject: Schwab vs Waterhouse
Organization: NEC America, Switching Systems Division
Distribution: usa
Date: Wed, 8 Apr 1992 23:06:37 GMT

Commissions charged by Waterhouse Securities 
seem to be substantially lower than Schwab.
Should low commissions be the only criterion for
choosing a Discount Broker? If not what else should one
consider? And how do these two compare? Sorry if these
questions sound naive.

Thanks in advance.

Vasudev
-- 
Vasudev Murthy          Any opinions expressed are strictly  
murthy@ssd.dl.nec.com   my own  and have nothing to do with
(214) 518-5000                            NEC America, Inc.
1525 Walnut Hill Lane Irving TX 75038
From: genius@tradent.wimsey.bc.ca (Michael Cooper)
Newsgroups: misc.invest
Subject: Investing help, please?
Date: Sat, 11 Apr 92 22:52:04 PDT
Organization: TradeNET Corp., Castlegar, BC CAN

I left a message here before that mentioned that I was a Business Education 
10 student.  I would appreciate any helpful hints that you guys can give me 
on how I should invest in stocks, like what to buy and how much.  Thanks 
very much in advance.  My internet address is:

(whoops, I seem to have forgotten it.  Oh well.  It should be up there ^..)

Bye.
From: nfs@hart (Norbert Schlenker)
Subject: Re: Correction is now
Originator: news@ernie.Princeton.EDU
Organization: Princeton University, Dept. of Computer Science
Distribution: usa
Date: Thu, 9 Apr 1992 13:14:28 GMT

In article <1992Apr8.185928.17778@aio.jsc.nasa.gov> pettengi@ial1.jsc.nasa.gov (James B. Pettengill) writes:
>
>Is it time to celebrate yet?   (For those of you who are cash liquid)

Not yet.  It's not even time to cover shorts.

Newsgroups: misc.invest
From: frazier@oahu.cs.ucla.edu (Greg Frazier)
Subject: Re: Fin Hlth Sci, 20th Cent Ultra plummet
Organization: UCLA, Computer Science Department
Date: Tue, 7 Apr 92 16:59:02 GMT

g-martin1@uiuc.edu (Gregory A. Martin) writes:

>Recently I have noticed that Financial Strategic Health Sciences and
>20th Century Ultra have been getting hammered while the Dow is keeping
>fairly constant. Anyone have explanations for the 15% drops since
>January?   ---- Greg Martin, g-martin1@uiuc.edu

Well, since Ultra has a large percentage of its worth invested
in medical and biotech stocks, and HltSci is 100% in health
and biotech, my guess is that those stocks have continued to
take a beating (there were many posting here a month+ ago
about the losses in that quarter).
-- 


Greg Frazier	frazier@CS.UCLA.EDU	!{ucbvax,rutgers}!ucla-cs!frazier
Newsgroups: misc.invest
From: bl528@cleveland.Freenet.Edu (Ken Meinken)
Subject: Re: Is IBM stock worth buying?
Reply-To: bl528@cleveland.Freenet.Edu (Ken Meinken)
Organization: Case Western Reserve University, Cleveland, OH (USA)
Date: Wed, 15 Apr 92 16:45:27 GMT


In a previous article, eisler_b@spcvxb.spc.edu (Barry Eisler) says:

>/subject=Is IBM stock worth buying?
>
>Is IBM stock worth buying for long term investment? It is at a low. Does anyone 
>feel it will ever go back to the $150+ range?
>
>IBM dividends have been $1.21 the last few quarters. What other stocks have 
>consistant high dividends? 
>
Barry,
watching what IBM is doing does not convince me that they are doing a
good job of managing the company.  Too much floundering around, trying to
get back on track but never really making fundamental changes.  

I doubt that IBM will be a good long term investment anytime in the
short to medium term future.  Could they go back to $150?  Only if
the market really moves up (e.g. I doubt that we will see IBM at
$150 at least until the Dow breaks 4000 or 4500.) Others have 
suggested that IBM won't be around by the end of the decade. I don't
know, but I wouldn't put my money there.

Alternatives for consistent high dividends?  I'm not sure what you
count as "high" dividends.  But if you are interested in "Blue Chip" quality, 
I'll make a (biased) suggestion: Procter & Gamble.  P&G has increased
dividends every year for the past 34 years.  Just yesterday they announced
a 10% dividend increase plus a 2:1 stock split (previous splits in 11/89,
and 11/83, a total of seven splits since WWII). The P/E is around 20,
I believe, which is very conservative even for the DJI stocks these
days.
 

I recently did an analysis of P&G stock over the last 13 years and was
amazed with it showing 16%, 19% and 18% average annual gains for
the ten year periods ending 12/89, 12/90, 12/91.  And it is up over 10%
since the end of 91.  

Yes, I'm an employee of P&G and if the growth continues, I'll be able 
to retire in 8 years!  As I see it from inside, P&G is changing from
the plodding good results of the 50s, 60 and 70s to really working to
improve the value of the company.  We have bought other high profit
companies (U.S. and international) and are selling off less profitable
businesses (our 90+ year timber and cellulose division is up for sale).
The reason given?  Because we have more profitable places to use our
money.

For those interested, I think the may have special programs for 
people to buy stock directly without large brokerage costs.
Current stats: 104/share yesterday, dividend $2.20/share.
From: elvira@Ingres.COM (Eric Elvira)
Newsgroups: misc.invest
Subject: Re: Zweig indicators/historical
Date: 9 Apr 92 18:28:18 GMT
Reply-To: elvira@Ingres.COM (Eric Elvira)
Organization: Ask Computer Systems Inc., Ingres Division, Alameda CA 94501

In article <1992Apr9.022549.1681@elroy.jpl.nasa.gov> fod@elroy.jpl.nasa.gov (Frank O'Donnell) writes:
		:
		:
>Zweig puts out a letter that might have some of this material,
>but I'd prefer less expensive options if there are any.)  Thanks
>for any ideas!

Go to your public business library! Every county has one (as far as I know).
You local town library will have value line and maybe S&P. At the business
library (a separate one from your local one) they have that and a lot more
like Zweig newsletter, no*load fund*x, mutual fund forecaster, etc, etc. And
they have *lots* of back issues for all of them.

I've always wondered about photocopies. You can make them there but I don't
know if the authors would have a cow about it....


They have all the *classic* investment books and a section for *new* books.
You can check them out and decide if you want to buy them for your own 
library or just borrow it from them.

Just spend half hour to an hour every other week at your local business
library and you will get truckloads of info for free (excluding gas to drive
there, of course).

Eric
--
Eric G. Elvira
Ingres
UUCP: {sun,mtxinu,pyramid,pacbell,hoptoad,amdahl,cpsc6a}!ingres!elvira
Internet: elvira@ingres.com
From: chuckb@tc.fluke.COM (Chuck Bowden)
Newsgroups: misc.invest
Subject: Re: correction is nigh
Date: 14 Apr 92 17:21:23 GMT
Organization: John Fluke Mfg. Co., Inc., Everett, WA

In article <1992Apr09.171335.111797@locus.com> cjkuo@locus.com (Chengi Jimmy Kuo) writes:
>v098p82f@ubvmsb.cc.buffalo.edu (NEUTRINO) writes:
>
>>hello folks,
>>   AS you are all aware, the market has seen a big decline over the past two 
>>days. The big question is, is this the market correction we have all been 
>>expecting, or is it just an indicator of edgyness out there? This 
>>"correction" wa only about 4%.....seems like either a really small
>>correction or a relly big tantrum!
>
>>What are your thoughts?  Also, what would a true contarian do at this time?
>
>I have said since February and reiterated in March,
>
>We shall see 3130 before we see 3370.  Yesterday we got down to 3141.
>So far, I don't think it's been any big deal.
>
>Jimmy Kuo
>-- 
>cjkuo@locus.com
>"The correct answer to an either/or question is both!"

Please keep the bear market predictions coming. It seems to be helping.
The DOW is over 3300 today (4/14/92).


-- 
Chuck Bowden / WB7R / chuckb@tc.fluke.com / (206) 356-6228
From: McAldon International Inc. <mcaldon@igc.org>
Newsgroups: misc.invest
Date: 06 Apr 92 19:09 PDT
Subject: Re: Program Trading
Nf-ID: #R:1992Apr6.190659.16873@wam.umd.ed:-1153280075:cdp:1426500154:000:707
Nf-From: cdp.UUCP!mcaldon    Apr  6 19:09:00 1992


|Here's a quote from a service that I can't figure out what it means.
|"...Our computers are set for program buying at $1.50 & program selling
|at $0.10 ..."

These refer to trigger points in the differentials between cash and
futures on the S&P indices, necessary for profitable arbitrage.
                  
|Any idea what it means? If the computer was set at program buying at
|let's say $1.75 & selling at $0.10 what's the difference?
|-Nick Strifas

I believe different traders may have different opinions on when to
arbitrage; the locked-in profits will vary.

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

Newsgroups: misc.invest
From: frazier@oahu.cs.ucla.edu (Greg Frazier)
Subject: Re: correction is nigh
Organization: UCLA, Computer Science Department
Date: Thu, 9 Apr 92 17:36:04 GMT

v098p82f@ubvmsb.cc.buffalo.edu (NEUTRINO) writes:


>hello folks,
>   AS you are all aware, the market has seen a big decline over the past two 
>days. The big question is, is this the market correction we have all been 
>expecting, or is it just an indicator of edgyness out there? This 
>"correction" wa only about 4%.....seems like either a really small
>correction or a relly big tantrum!

>What are your thoughts?  Also, what would a true contarian do at this time?

A true contrarian would have got in yesterday.  Too late now -
the fed lowered something (not the prime rate - anybody want to
fill us in on exactly what they did?) and the market bounced.
Well, we'll see if this actually stops the drop or just slows
it for a morning.
-- 


Greg Frazier	frazier@CS.UCLA.EDU	!{ucbvax,rutgers}!ucla-cs!frazier
From: reg@sdchemw2.ucsd.edu (Richard E. Gillilan)
Newsgroups: misc.invest
Subject: Re: Correction is now
Date: 13 Apr 1992 23:18:19 GMT
Organization: UC San Diego Chemistry
NNTP-Posting-Host: sdchemw2.ucsd.edu

In article <ouJ5iB3w164w@kunikpok.UUCP> richard@kunikpok.UUCP (Richard A. Hasting Jr) writes:

>Hmmmm.  Dow closed up for last week.  
>
>Looks like it may have been another nice buying op. :-)
>
>I think I might just go sit on the bench for a little bit until 
>the market stops moving sideways.  Can't make money that way:-(
>
>Richard Hasting

I wonder what would have happened if the Fed hadn't stepped in,
would there have been a rebound? It still seems like there is
a lot of negative sentiment building up in spite of signs that the
recovery is underway, take that recent spread in Money magazine for
example.

On the other hand, if you believe that the market grows about 10%/yr
in the long run, at some point, a high but flat market should start
to become safer again.

Is anyone really making money on the market right now (past month)?
What are the hot sectors? any of them cyclicals? 


Richard Gillilan
From: dans@rehab1.UUCP (Dan Schein)
Newsgroups: misc.invest
Subject: Re: Yeeee Hiiiiiiiii
Date: 13 Apr 92 15:30:11 GMT
Reply-To: dans@rehab1.UUCP (Dan Schein)
Distribution: usa
Organization: Reading Rehab Hospital, Reading PA

In article <5311@pdxgate.UUCP> jprice@eecs.cs.pdx.edu (James Price) writes:
>
>  Wasnt it Henry Fonda who was in Fail-Safe? As I recall, from the book,
>we nuked Moscow and then the Prez allowed the Russkies to nuke DC, as
>a payback and in an attempt to make it a "limited" war. The movie had
>this chilling effect whereas, when DC was nuked, the phone the Prez
>was using "screamed" as it melted, verfiying to the Russians that DC was
>really toast. 

   Yes Mr. Pres was ol Henry Fonda (father of Hanoi Jane). If my fuzzy
  memory serves me correct we swapped New York for Moscow (not D.C.).
  Also didn't we drop the bomb on NY? I do remember the US ambasador (sp?)
  hanging on the phone until meltdown. The chilling movie ending was
  views of NY frozen into still's... Birds, cars, people, etc...

   Though im not sure what all this has to do with me making globs of
  money via the market? Oh yea now I remember... Jane married Ted Turner
  and hes worth a lot of money. Ok im with it now.

  [Back to your regular market crash...
                                       .....
                                            ..
                                              .
                                              .
                                              *
  -Dan
-- 
 E-Mail:  dans@rehab1.uucp  OR  ...{uunet,allegra,rutgers}!cbmvax!rehab1!dans

 US Mail: Reading Rehabilitation Hospital      _/\_      Those who worked the
          Dan Schein - Information Systems    \    /    hardest, are the last
          RD 1 Box 250                        /_  _\    to surrender.
          Reading, PA 19607                     \/         -= Gary Ward =-
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Time to invest in Japan Fund??
Keywords: International Fund 
Organization: TRW, INC.
Distribution: na
Date: Fri, 10 Apr 1992 23:34:10 GMT

In article <1992Apr8.171354.22826@draco.macsch.com> rot@mickie.id.macsch.com (Rohit Thukral) writes:
>
>What does this mean for the individual investor? Should
>one start dollar cost averaging into japanse funds at a 
>time when the market is hitting new lows every day? Or
>should one wait on the sidelines for a turnaround?

Yes to the latter.

If the Japanese market is at 17,000 and might be going as low as 12,000
then it is silly to be buying in.  Use Stan Weinstein's approach and
wait for the market to bottom out.  Nobody knows how to predict the
*exact* bottom (or if they do they haven't told me :-) so you either buy
too soon or too late.  If you are late, then you can be just a little
late.  If you are too soon, it might be *way* too soon.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
From: sbrenner@cbnewsb.cb.att.com (scott.d.brenner)
Newsgroups: misc.invest
Subject: Is Mutual Fund Info Available in ASCII Format?
Date: 12 Apr 92 14:57:46 GMT
Article-I.D.: cbfsb.1992Apr12.145746.2431
Distribution: usa
Organization: AT&T

I must preface my question by saying that I am a UNIX person,
not a DOS person.  I just spent some time messing around with
Money Magazine's mutual fund database within its "Wealthbuilder"
package.  For those unfamiliar with this database, it contains
information on over a thousand mutual funds.  You can filter the
database by various criteria such as fund type, expense ratio,
risk grade, size, etc.  You can also sort by many criteria such
as 1-year, 3-year, and 5-year return.

This is all well and good.  However, I'm uncomfortable with the
package itself and the fact that only a few lines and columns can
be displayed at a time.  I'd like to be able to take the raw
database and manipulate it myself by filtering out funds I'm not
interested in (based on several things) and sorting the remaining
funds different ways.  Unfortunately, the files that appear to be
the raw database are not in ASCII format.

Does anyone know where I can get this information in ASCII format?
I could then write UNIX shell scripts, awk programs, or even 'C'
programs to extract info from the database exactly as I want it.
I'd also be able to print the results of my work, something I can't
do from Wealthbuilder (I'm not set up to print non-ASCII stuff).


a T d H v A a N n K c S e

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Scott D. Brenner
AT&T Consumer Communications Services
Basking Ridge, NJ
scott@cimu03.att.com  -or-  sbrenner@attmail.com
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Xref: sparky clari.tw.stocks:105 misc.invest:6524
From: lor@cbnewsk.cb.att.com (edward.lor)
Subject: Re: more options question
Organization: AT&T
Distribution: na
Date: Wed, 15 Apr 1992 02:45:29 GMT

In article <KLUG.92Apr14144833@klug.Software.Mitel.COM> klug@Software.Mitel.COM (Peter Klug) writes:
>However, if you're talking about equity options, all of a sudden you
>have to come up with enough cash to buy all of the shares underlying
>the call options you've purchased.  Could be quite a shock for those
>who buy options as a speculative vehicle, never expecting to buy the
>shares themselves.  I outlined this scenario to him and was quite
>surprised to find that he concurred but that "that's just the way it
>is".  I think he said that that was how it was done in Chicago and in
>Toronto they've adopted the same procedures.
>
>So, that's my current understanding of options and expiry.  Can anyone
>elaborate or clarify this some more?

When a call option is in-the-money, it means the current stock price is 
higher than the strike price. You exercise it? you sell it rightaway and
get some cash back.

Of course, the commissions of buying (the exercise) and selling a large 
number of shares will eat in your profit, unless the stock price 
is slightly higher than the strike price+premium and you have a large
number of contracts. 

The catch is, if you exercise it after 4 p.m. on the expiring Friday,
I suppose you can't sell it rightaway. By next Monday, what if the stock
collapses right off the gate? It's in-the-money when it's exercised,
but way out-of-the-money at the next trading moment. Tough luck?

-- 
                                          Edward Lor
                                          lor@cbnewsk.att.com
                                          
Newsgroups: misc.invest
From: sdl@linus.mitre.org (Steven D. Litvintchouk)
Subject: Re: Rudman on the federal debt
Followup-To: misc.invest
Organization: The MITRE Corporation, Bedford, MA
Distribution: usa
Date: Mon, 6 Apr 1992 19:27:41 GMT


In article <1992Mar31.232243.11067@odi.com> dlw@odi.com (Dan Weinreb) writes:

>    Anyone out there who is very concerned about the national debt
>    but is not writing letters to newspapers, calling talk
>    shows, writing CongressCritters, etc. is a hypocrite and a fool.
>    And I think that any American that is not gravely concerned is asleep.
>    WRITE A LETTER TODAY!!!! 
> 
> Do you think that the deficit can be cut without cutting back on
> entitlement spending?  Do you think that any politician willing to
> admit that he might -- might -- cut back on entitlements has any hope
> of getting elected?  The way American politics works, it's very hard
> to see how the country can get out of the hole it has fallen into.

NY Gov. Mario Cuomo was on one of the network talk shows (Meet the
Press?) Sunday, and was asked about this.  He replied that at the
state level, governors *have* been forced to actually cut back on
entitlements in recent years.  And their constituents have grumbled
about it.  But they have come to accept it, realizing it was
necessary.  Gov. Cuomo suggested that good leaders at the national
level could likewise make the voters understand the need for cutbacks.

One reason it's harder to make the case for cutbacks at the national
level, of course, is that the money supply is really controlled by the
Fed, not by the President or Congress.  And with the money supply
increasing at double-digit levels these days, how can you ask people
to accept cutbacks in government spending?




--
Steven Litvintchouk
MITRE Corporation
Burlington Road
Bedford, MA  01730

Fone:  (617)271-7753
ARPA:  sdl@mitre.org
UUCP:  linus!sdl
	"Where does he get those wonderful toys?"
From: "john ogilvie" <john.ogilvie@canrem.com>
Newsgroups: misc.invest
Subject: more options question
Date: 15 Apr 92 22:25:57 EST
Reply-To: "john ogilvie" <john.ogilvie@canrem.com>
Distribution: misc
Organization: Canada Remote Systems

>DK>No.  Options give you the right BUT not the obligation to purchase the
>DK>underlying security

>     If you let an option expire that is more than $1 in the money, you WILL
>     get exercised.  It HAPPENED TO ME!

CJ>I don't know if you're confused or you're trying to confuse us.  The question
CJ>concerns BUYING the option.  You can only be exercised if you were the seller
CJ>of the option.  If you are the buyer of an option, *you* get to exercise.
CJ>The option is yours as to whether you choose to exercise.  You are BUYING
CJ>the OPTION.  In this case, the English words actually mean the same thing!

Here is a previous post that will explain the situation that happened to me
when I BOUGHT some put options.

 BBS: CRS Premium Bulletin Board - HST 14.4k V.42bis  (416) 629-7000
Date: 03-02-92 (18:36)              Number: 1 (Replies)
  To: ALL                           Refer#: 10639                 (Msg #1 of 1)
From: JOHN OGILVIE                    Read: NO
Subj: UN: INDEX OPTIONS             Status: PUBLIC MSG
Conf: U-INVEST (735)             Direction: FORWARD


RL>What happens when an index option gets exercised?

     There is one thing that is not terribly clear in the disclosure
     statement sent out by the OCC (and I found out the hard way).  When
     STOCK options reach the expiry date, and the position is not closed out
     (that is: sold when you are the holder), they AUTOMATICALLY get
     EXERCISED.  This only happens when the option is a dollar or more
     in the money, and only for equity options.  INDEX options always get
     settled in cash, so this will not happen for them.

     In my case I bought some puts for a value of $150.  The next
     day I found out that I was short to the tune of $65,000.  Since the
     stock hadn't gone up much the next day, I covered my short, and even
     made a little money.  The commissions, however, took a lot of the
     profit.  If I had closed out the position, I would have been a lot
     further ahead.

     So, the bottom line is: CLOSE OUT YOUR POSITIONS BEFORE EXPIRY.  Watch
     out!.  What you thought to be only a RIGHT, suddenly turns into an
     OBLIGATION.

I would ask your broker about this and see what he/she says.  I hope
this clears things up.
---
  DeLuxe 1.12 #4055  
--
Canada Remote Systems  - Toronto, Ontario/Detroit, MI
World's Largest PCBOARD System - 416-629-7000/629-7044
Newsgroups: misc.invest,sci.econ