HDTenEightyP/NetNews huggingface dataset:
From: rmandel@bu.edu (Richard Mandel)
Newsgroups: misc.invest
Subject: Re: Short interest squeezing
Date: 27 Jan 93 14:18:39 GMT
Distribution: misc.invest
X-Newsreader: Tin 1.1 PL5

Rex Wang (cw7821@csc.albany.edu) wrote:
: The following list is quoted from the NYSE's short interest list.
: I got them according to 2 rules
:  (1) The short position of the stock is greater than 1,000,000 shares.
:  (2) The days to cover is greater than 7.
: I created this list in last December.  When I updated the list this month,
: I found that most of stocks have higher closing price than ones in Dec.
: Hence, It motivates me to study whether the higher short interest squeezes
: the price or not.  I will welcome your comment.
: All prices are quoted from WSJ dated on 01/25/93.
Questions:
1.  Why choose a million shares?  It would seem that the 
short interest should be related to the total number of shares 
outstanding or to the daily average trading volume.
2.  Did these stocks outperform the market as a whole or their 
industry in the same period?
3.  Did shares that had smaller relative outstanding short interest
perform worse.  Is there any relationship between relative short
interest and performance?
4.  It is said that outstanding short interest drives up the price
of the shares.  There may be something useful in the data  
but you need to examine the stats in much more detail.

Rich
---------------------------------------------------------------------------
Richard Mandel			|	E-mail address: rmandel@acs.bu.edu
Boston Univ. School of Medicine	|	Phone No. 617-638-4512	
Boston, MA 02118		|	Fax No. 617-638-4085
----------------------------------------------------------------------------
From: quan@hpcc01.corp.hp.com (Suu Quan)
Newsgroups: misc.invest
Subject: Re: Bears vs Bulls
Date: 26 Jan 93 19:54:23 GMT
Organization: the HP Corporate notes server

Millions thanks to all who responded.
Newsgroups: misc.invest
From: hamachi@adobe.com (Gordon Hamachi)
Subject: Re: Act Now to Fight the Deficit
Organization: Adobe Systems Incorporated
Distribution: usa
Date: Tue, 26 Jan 1993 19:29:05 GMT

George Tatge writes
> Excuse my extreme skepticism.  If you are really convinced that this
> is all going to happen, why don't you just take the appropriate
> measures to get rich when it does?  I'm always hearing doomsayers
> and almost never will they back up their predictions with their
> money.

This kind of selfish attitude is a major part of what's wrong with our country  
today:  make money any way you can, and screw everyone else.

I care about what happens to this country of ours.  I care about my job and  
your job, and people's life savings.  If we can all work together to avert an  
economic collapse, we will all be much better off in the long run.

Think of my call for action as an appropriate measure toward that end.
Newsgroups: misc.invest
From: mglisson@ysw529 (Myles Glisson)
Subject: Primerica:  What is their real purpose?
Organization: Lockheed Sanders
X-Newsreader: Tin 1.1 PL4
Date: Thu, 28 Jan 93 18:31:34 GMT

I have been approached by some Primerica people.  They haven`t requested my money yet, but I am very suspicious about them.  Is there anyone out there who can give me the real information on them?  Where can I get reports on them?  Anything that tells me if they are a legitimate firm or not.

Thanks.

Myles Glisson

Newsgroups: misc.invest
From: feldstei@silver.ucs.indiana.edu (Ronald F. Feldstein)
Subject: Re: Jack in the Box
Organization: Indiana University
Date: Wed, 27 Jan 1993 16:19:47 GMT

It's part of Foodmaker (FM), which also owns Chi-Chi's.
Newsgroups: misc.invest
From: steve@cucbs.chem.columbia.edu (Steve Stuart)
Subject: Re: Financial Information Question
Organization: Center for Biomolecular Simulation, Department of Chemistry,
	Columbia University
Date: Thu, 21 Jan 1993 19:25:49 GMT

In article <C16JvH.Dut@news.cso.uiuc.edu> jhsu@dcl-nxt55.cso.uiuc.edu (Jason Hsu) writes:

>In article <1993Jan17.105836.10428@eskimo.com> jammer@eskimo.com (Lyle  
>Harwood) writes:
>> 
>> What sources are there for obtaining financial information on a company?
>> Are there any on line? Where do you go? What do you ask for? Can your
>> broker help? Do the on line brokers provide such a service?
>> Thanks!
>> 

>The Value Line should be available at a local library and possibly at a  
>brokerage house as well.  It provides a wealth of useful information on  
>companies like cash assets, debt, book value, and earnings growth.

How about for the multitude of smaller companies that Value Line
doesn't cover?  The business library here is pretty good, so I'm sure
there is a great source just waiting for me to find it...

-- 
-Steve

echo "a'rfg cnf Crpv | har" | tr '[a-m][n-z] ' '[n-z][a-m]\012' | sort | tr "\012" " " ; echo " "
From: lynch@hpcc01.corp.hp.com (Howard Lynch)
Date: Fri, 22 Jan 1993 15:15:27 GMT
Subject: Body Shop Update?
Organization: OCD IC MFG
Newsgroups: misc.invest

Anybody out there own Body Shop or start following it after the flurry
of postings about it a month ago?

If so, could you post a technical (stock price performance) or
fundamental (busisness performance) update?

Thanks

hl
From: fajack@cc.usu.edu
Newsgroups: misc.invest
Subject: Re: eliminate the broker for mutual funds?
Date: 25 Jan 93 10:07:26 MDT
Organization: Utah State University

In article <1993Jan23.201802.12292@twg.com>, sawyer@twg.com (Bruce B. Sawyer) writes:

> My suggestion to you would be to place a toll-free call to either...
>   Dreyfus Family of Funds       at 1-800-221-4060          or
>   T. Rowe Price                 at 1-800-225-5132          or
>   Vanguard                      at 1-800-662-2739          or
>   Twentieth Century Investments at 1-800-345-2021.
> Tell them you want a starter kit with an overview of the funds they offer.
> ALL of them offer a wide range of mutual funds which have no brokerage 
> commission and can be opened for a very small amount of money.  Likewise,
> the amount of successive investments can be as small as $100.  All of these
> offer telephone switching privileges, so that for the of making another
> 800 call you can move back and forth between stock/bond funds and money market
> funds.  
	I just want to point out that you need at at least $3000 to open 
Vanguard and T. Rowe Price account.   I do not consider that small amount of
money.  
	Overall, I agree that it is not worthwhile to have a broker to open a
mutual fund account.  All you need is one that meet your investment criteria.


Jack Teh
From: johna@psdcae1.gvg.tek.com (John Abt)
Newsgroups: misc.invest
Subject: Re: A way of predicting instantaneous price movements
Date: 22 Jan 93 15:20:16 GMT
Organization: Grass Valley Group, Grass Valley, CA

In article <1993Jan14.195654.23811@news.columbia.edu> rs69@cunixb.cc.columbia.edu (Rong Shen) writes:
 ....

>	An application: I predict that Intel will move up in the near
>future because of its new microprocessor, and so will IBM. But in a
>few years, people may prefew cheaper workstations to PCs. Watch out.

More likely, in less than 1 year, "cheaper workstations" will be PCs.
Watch out for Pentium/Windows NT boxes.

John Abt
From: ojvind@chagall.cns.caltech.edu (Ojvind Bernander)
Newsgroups: misc.invest
Subject: Re: Sequoia
Date: 26 Jan 1993 22:16:51 GMT
Organization: California Institute of Technology
NNTP-Posting-Host: chagall.cns.caltech.edu

In article <6566@balrog.ctron.com> chan@canada.NoSubdomain.NoDomain writes:
>If this is the same company Sequoia Systems based in Marlboro, MA, they have a 
>big loss in the last quarter.  They make fault tolerant computers.  However, they
>lost a major contract, and cut their work size.  As a matter of fact, my
>friend was laid off by Sequoia a few months ago.  I have no recent data about the
>company.

In the last few months (after the stock price crashed down) there has
been _major_ insider buying -- I believe in the millions of shares.
There was a law suit that is waiting to be resolved.  As soon as it
is... wheeeh!
From: ae557@yfn.ysu.edu (Ken Meinken)
Newsgroups: misc.invest
Subject: IBM bounce ???
Date: 24 Jan 93 19:16:00 GMT
Article-I.D.: news.1993Jan24.191600.13842
Organization: Youngstown State/Youngstown Free-Net


Heck, I might as well toss in my two cents on IBM. 

I don't think IBM is anywhere near a low.  They claim they are
getting their act together and "things will improve".  But they
have been saying that for years.  

In the PC business, IBM is competing with companies with a total
of 4000 employees.  Even if they cut back to 300,000 employees,
that's till 296,000 more on the payroll.  (Yes, I realize that
not all of those are in the PC arena, but IBM doesn't understand
what "lean and mean" means.

IBM historically has made poor decisions.    Some of their most
successful products were done by divisions who weren't supposed to be doing
what they were doing.  And when IBM does get a real winner to market
they cannot meat the demand for it and they lose their edge on the
market.

As for IBM being successful in the consulting market, historically
IBM "consulting" has been a Trojan horse trying to sell IBM hardware.
Sorry, but I don't think they have (or can?) establish trust
with their customers.  

IBM grew too big and developed a culture which I don't think will
be able to successfully compete in the marketplace in the near
term future.

Ken
Newsgroups: misc.invest
From: jhsu@ih-nxt03.cso.uiuc.edu (Jason Hsu)
Subject: Re: Weekly IBM Self-affirmation
Organization: University of Illinois at Urbana
Date: Fri, 22 Jan 1993 00:54:55 GMT

In article <1993Jan21.181025.12030@cbnews.cb.att.com>  
lib@cbnews.cb.att.com (Lib) writes:
> >I'm good enough, and I'm smart enough, and I can't be wrong that
> >IBM will reach 55 later this year.
> 
>   
> I am put in mind of the person who predicted that gold would indeed
> reach $3000 an ounce but that we might be alive to see it.
>      
> By the by. Anybody know what happened to the Aden sisters, the twins
> that used to be semi-famous as gurus of gold prices?

I realize that the words "It's different this time" are the four most  
dangerous words on Wall Street, but there is no comparison between today's  
IBM bulls and 1981 gold bulls.  The 1981 gold bulls were follow-the-crowd  
participants in a major buying mania (like junk bond holders at the end of  
that decade).  The fears of hyperinflation were false; high interest  
rates, the groundwork for crushing inflation, were already in place at the  
time.  Today's IBM bulls are NOT participating in herd investing; in fact,  
they are contrarians and value investors attracted by a low price/book  
value ratio.  Almost everyone thinks that IBM stock is for stupid idiots.   
However, value investing is a proven method for outperforming the market  
(though it means buying laughingstocks, no pun intended).  Books like The  
Wall Street Gurus and The Random Walk and Beyond note that the low PE and  
low price/book value strategies have outperformed the market in the long  
run and punched holes in the "efficient-market" theory.  I would wait for  
IBM to drop below $42/share before buying (for a price/book ratio under  
2/3) if the dividend yield after the cut remains above 2/3 that of the AAA  
corporate bond.
Newsgroups: misc.invest
From: barrett@forge.gatech.edu (James Barrett)
Subject: Re: Janus 20 fund
Organization: Georgia Tech College of Computing
Date: Thu, 28 Jan 1993 18:09:42 GMT

jxs18@po.CWRU.Edu (Jerry Sy) writes:
>Also, if you are currently holding a Janus Application that still has
>Janus 20 in their list for new investment, you can still get in to the Janus20
>also until mid February.  I got the application just before the WSJ article
>came out.

I just noticed this since I sent in an application for an IRA with 
Janus Fund and today received a notice saying that my account is 
with Janus 20.  This is for retirement money ~40 years down the
road.  Anyone have a quick easy answer on whether I should call
Janus and tell them I'd rather have Janus Fund or stay with 20?

Thanks in advance!

-------------------OS/2 v2.0 -- Why settle for anything less?-----------------
James C. Barrett (barrett@cc.gatech.edu)| Atlanta Braves - 1991 and 1992   
Georgia Tech College of Computing       |    World Outdoor Baseball Champs!!
Newsgroups: misc.invest
From: bible@iastate.edu (Anthony E Bible)
Subject: Re: Drug Stocks
Organization: Iowa State University, Ames, IA
Date: Wed, 27 Jan 1993 19:55:50 GMT

In article <tan.728153984@aries> tan@aries.scs.uiuc.edu (Lian Tan) writes:
>Does anybody know what's happening to the drug companies? Both Merck and
>Lilly (which I've followed very closely) have gone down fairly significantly
>lately. What gives??
>

	Anticipating governmental action to control healthcare costs will
reduce profits.
	Yesterday Merck said their earnings for next year would be below
estimates.  Can't recall, but they may have reported current earnings that were
low also.  Don't know about Lilly.

Regards,
tony
From: kimf@amaryllis.EBay.Sun.COM (Kim Foster)
Newsgroups: misc.invest
Subject: Wang B stock
Date: 27 Jan 93 19:15:00 GMT
Organization: Sun Microsystems Federal, Milpitas, CA.
NNTP-Posting-Host: amaryllis.ebay.sun.com

I would like to hear the your opinion about WANG B stock.  The stock
used to be as low as $.25 a share.  For last couple days, it
certainly shoot up to over $1.00 with a heavy trading.  The stock
also has $.16 a share divident.  Wouldn't this stock be a good
buy even at $1.00 a share now?  Does Wang B actually send the
shareholders divident check even after they filed Chapter 11? 

Any information/suggestions will be greatly appreciated.

Thanks,
Kim
Newsgroups: misc.invest
From: chenl@cbnewse.cb.att.com (julian.l.chen)
Subject: Re: Question: Is the market predictable?
Organization: AT&T
Distribution: usa
Date: Mon, 25 Jan 1993 21:06:18 GMT

>The problem with technical analysis, (prediction based on mathematical
>analysis with lots of charts, graphs, and ratios) is, of course, that
>even world-class robust models are subject to breaking the day after
>you buy in. 

True.

>Not to say that analysis is worthless, it's just that almost anything
>is possible and the market is always changing. Just ask the technical 
>analysts who shorted Intel and bought IBM in December   1/2 :-).

Wait a minute. What kind of technical analysts would buy IBM and short
INTC in last December ? From pure techincal point of view, YOU SHOULD
DO THE REVRESE. From the charts INTC shown a strong up-trend and IBM
did NOT give any hint where the bottom is in last December. 

By the way, I use both technical and fundamental analysis. I use
fundamental analysis to find the right stocks, but I use technical
analysis to help me determine the buying and selling point.
Newsgroups: misc.invest
From: keith@iscp.bellcore.com (Keith Hawkins)
Subject: Body Shop trade on US exchanges ?
Organization: Bellcore
Distribution: usa
Date: Mon, 25 Jan 93 20:08:15 GMT



This is for a friend:

Does The Body Shop trade on US Markets anywhere?
Perhaps as an ADR?

If so, where and what is the symbol?

Thanks,
Keith
Newsgroups: misc.invest
From: jhsu@ih-nxt09.cso.uiuc.edu (Jason Hsu)
Subject: Re: Bond funds
Organization: University of Illinois at Urbana
Date: Sat, 23 Jan 1993 17:35:06 GMT

In article <107712@bu.edu> rmandel@bu.edu (Richard Mandel) writes:

> You can definitely lose money if interest
> rates begin to go up.  Interest rates generally increase after a
> recovery, first short term rates and within 6 to 19 months later
> long term rates.  Considering the current yield curve (interest as
> function of time) it is likely that long term rates will continue
> to decline while short and short-intermediate rates will go up.
One of the first rules to investing is to avoid whatever is in vogue like  
the plague.  Long-term bonds are definitely in style today; cash in a  
portfolio has gone the way of bell-bottoms.  However, the yield curve is a  
trap.  The yield curve is steepest when interest rates are near a trough,  
as was the case in 1962, 1972, 1976, and 1986, and lures investors into  
long-term bonds.  On the other hand, the yield curve is flat or inverse  
near interest rate peaks (like in 1970, 1974, 1981, and 1989), luring  
investors into cash that cannot lock in high yields.  In the LONG RUN,  
both short-term rates and long-term rates move in the same direction, but  
short-term rates move faster than long-term rates.  A flattening of the  
yield curve will occur, but it will be accomplished through rising  
long-term rates and even faster rising short-term rates.  I believe that  
both short-term and long-term interest rates will top 8% at some point  
during this decade (I cannot predict exactly when).  If OPEC gets back  
together (a lot can happen in a few years) and starts an oil embargo  
against us, double-digit inflation and interest rates would be a  
certainty.
> It is now
> rather late to be investing in bonds or bond funds.  If you have enough
> money that you don't want to put at much risk and want a better yield
> than money market, consider buying bonds directly and laddering their
> maturities.  That is, for example, divide your monye into 5 parts and 
> buy treasuries that mature in 2, 3, 4, 5, 6, and 7 years, or some such
> arrangement.
Because of the reasons I stated above, I am certain enough that interest  
rates will rise in the next few years and recommend a high cash position  
and bond maturities of no more than 6 months.  Remember that cash never  
hurt anyone; just ask Donald Trump.  However, a few undervalued stocks  
(though very scarce today) would provide an "inflation hedge."  And if  
interest rates rise, the stock and bond markets tank, and Wall Street  
becomes petrified with fear, you will be liquid enough to take advantage  
of the numerous opportunities.
  
Newsgroups: misc.invest
From: Larry F. Brauer <brauer@chinalake.navy.mil>
Subject: Re: Quicken vs. Manage your Money
X-Xxmessage-Id: <A78B05BFCB010232@brauer.nwc.navy.mil>
X-Xxdate: Tue, 26 Jan 93 23:14:07 GMT
Organization: NAWC
X-Useragent: Nuntius v1.1.1d16
Date: Tue, 26 Jan 1993 23:09:55 GMT

Subject: Re: Quicken vs. Manage your Money
From: Pierre VonKaenel, pvonk@scott.skidmore.edu
Date: Fri, 22 Jan 1993 20:54:25 GMT
In article <1993Jan22.205425.6811@scott.skidmore.edu> Pierre VonKaenel,
pvonk@scott.skidmore.edu writes:
>In article <1993Jan22.173752.16323@ee.gatech.edu>
austin@eecom.gatech.edu (Mark 
>D. Austin) writes:

>I used to use MYM many years ago (over a two year period).  I dutifuly
>entered my checks, credit card purchases, withdrawals from
>checking/savings, mortgage, etc.  It took a lot of time, *a lot of
>time*, and after two years I sat back and considered what it all
>meant.  I could get nice charts of my income vs. expenditures,
>categories where I spend my money, personal wealth - and I finally
>realized, so what.  I didn't change my spending habits - I only know
>what they were.  Had these incredible lists of credit card
>expenditures, but what did that mean to me?  I do recall once or twice
>running a search on the lists to find a purchase.  But overall, I came
>to the conclusion that this was all a waste of time.
>
>Any others come to the same conclusions?

I happen to keep all my financial records with MYM on my Mac.  Some of
the advantages show up at tax time, plus I have the advantage to check
through out the year to see what my taxes might be.  It allows me to be
sure that I don't overlook anything when I file my taxes and everything
is all in one place.

MYM on the Mac also works well for tracking investments.  It's easy to
do, takes little effort, and it provides several methods of determining
how you are doing.  Plus, it provides a record of what I purchased, when,
and the cost, which is needed for tax time when I sell. 

The value of the program, or any of these programs, probably is
determined by how complex or simple your finances are.  The more complex
(assuming you don't have you own accountant), the more useful they are. 
I think it all depends on what you want to do, and how you will use the
data.  For tax purposes (immediate and future) as well as investment
data, and information about how you spend money (which I don't use) it
can be worthwhile.
From: dennis@pete.uucp (Dennis Peterson)
Newsgroups: misc.invest
Subject: Fidelity, Self admin IRA rollover
Date: Fri, 22 Jan 93 09:17:22 -0800
Reply-To: dennis%pete%nicmad%astroatc.uucp@spool.cs.wisc.edu
Distribution: na
Organization: My system in Madison WI


I will need to rollover my 401K account in the near furture due to job change.
I am currently looking at self administered IRA accounts.  I just got 
product lit from Fidelity and it look pretty good. The added interest is I can
choose from multiple mutual funds to stocks, bonds and options. They also have a
on-line system for my use for stock history and info and I can also purchase
and move funds with a 10% discount off fees

Does anyone have opinion on this?


-- 
Dennis Peterson   (608)273-4573   
Inet: dennis%pete%nicmad%astroatc.uucp@spool.cs.wisc.edu
Or  : nicmad!pete!dennis%astroatc.uucp@spool.cs.wisc.edu
Or  : uwvax!astroatc!nicmad!pete!dennis
From: dickson@micro.caltech.edu (Jeff Dickson)
Newsgroups: misc.invest
Subject: Re: Mutual Funds
Date: 27 Jan 93 22:14:36 GMT
Distribution: usa
Organization: California Institute of Technology, Pasadena
NNTP-Posting-Host: celaeno.micro.caltech.edu

alan@hprnd.rose.hp.com (Alan Berkema) writes:


>Followup question?


>What is is the name of Oakmark's fund manager?
>And is this the same person that was managing Acorn a few yeras ago?

>Thanks
>Alan


The manger of Oakmark is Robert Sanborn, and is a five-year veteran
portfolio manager at Harris Associates.  Sanborn is a value investor,
keeps the PE low, and is said to be fairly defensive.  I think Oakmark's
cash level is rising these days, and I read that he was backing out
of the small caps.  He also has 70% of his "liquid net worth" in Oakmark.
The only slight hitch is that they require a signature guarantee
for any size redemption, which is a minor pain.

Ralph Wagner, manager of Acorn, took Acorn fund with him when he left Harris
last summer.
Newsgroups: misc.invest
From: temiraso@vela.acs.oakland.edu (thomas e mirasol)
Subject: Re: Any thoughts on Novell?
Organization: Oakland University, Rochester MI.
Date: Tue, 26 Jan 1993 03:32:30 GMT

In article <6u1wXB1w165w@gilligan.tsoft.net> bbs.dennis@gilligan.tsoft.net (Dennis Yelle) writes:
>andy@federation.gatech.edu (Andy Register) writes:
>
>> In article <om4oXB1w165w@gilligan.tsoft.net> bbs.dennis@gilligan.tsoft.net (D
>> 
>> >short it yet.  Borland is a good short at 18, I think, but not Novel
>>                                   ***** ---^^
>> 
>> Please expand on this position.  I kind of think Borland has been 
>> beat down pretty good and was thinking of bottom fishing here.
>> 
>
>1. Borland posted losses for 3 of the last 6 quarters.
>   They lost $2.34 per share in the December quarter alone.
>2. Book value is about $8 per share.
>3. I expect Borland to earn about $1 per share next year.
>
>Therefore I conclude that it should sell for no more than $12 today.
>Friday it closed at 19 7/8.  I would short it at that price, but I
>already did at 21 3/4 last month.
>
>--
>Dennis Yelle (bbs.dennis@gilligan.tsoft.net)

I hope your target price of $12 has taken into account the february
release of quattro for windows (or is it paradox, or both).  Also, there
is some speculation going on that borland and lotus will merge.  There
were denials from both camps as to who initiated the meetings concerning
a merger especially since there is bad blood between the 2 CEOs.  I
quote from the WSJ: The meeting (between Borland and Lotus)  suggests
one or both companies feel a need to pool resources to stem Microsoft's
growing dominance.

Newsgroups: misc.invest,misc.taxes