HDTenEightyP/NetNews huggingface dataset:
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Fidelity Magellan?
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Tue, 15 Dec 1992 20:36:46 GMT

In article <jaeastman-151292141754@jmac.msd.anl.gov>, jaeastman@anl.gov (Jeff Eastman) writes:
|> I noticed in the paper that Fidelity's Magellan mutual fund fell by almost
|> $6 last
|> Friday.  This is about 10% of the fund's value.  The price in today's paper
|> is still
|> the lower value, so it doesn't appear to be a misprint.  The other Fidelity
|> growth
|> funds did not show this drop in price.  What happened?
|> 

Capital gains and dividend distribution.  Call Fidelity 1-800-544-6666 or
look in Barron's to find out how much it was. 
Mutual fund prices fall on the day of the distribution, but of course
fund holders don't lose any money, because they get the distribution
(either in cash or in more shares.)

*********************************************************************
Eric Peterson                  The sooner you fall behind,
Research Geophysicist          the more time you'll have to catch up!
(214) 951-3251
etpeters@drsol1.dal.mobil.com
*********************************************************************
From: pmchapm@sgipm3.sdrc.com (john chapman)
Newsgroups: misc.invest
Subject: Oil Futures
Date: 11 Dec 92 18:48:27 GMT
Organization: SDRC

Keywords: 

A friend of mine had an interesting idea, and I thought I might get 
some opinions on it.  It seems that during the gulf war, the price
of oil per barrel shot up to $45 or so from around $18.  Now, its 
nearer to the $18 per barrel price I think.   His plan was to invest
a couple hundred bucks into oil futures hoping that Saddam would
get cocky and pull something as soon as Clinton steps in.  I'm not
sure how he calculated this, but he said that if the price went to 
just $35 per barrel, a $100 investment would soar to the multiple 
thousands in value.  Could someone verify or nullify this calculation,
and voice some opinions on the plan as a whole?

Thanks,
John

Newsgroups: misc.invest
From: cs101a64@eng-nxt11.cso.uiuc.edu (cs101 student)
Subject: Re: "Market efficiency" 
Organization: University of Illinois at Urbana
Date: Fri, 18 Dec 1992 22:08:17 GMT

In article <1992Dec17.220305.10727@microsoft.com> avib@microsoft.com (Avi  
Belinsky) writes:
> 
> Actually this is far from "too simple" for Wall Street.  Low P/E, and  
P/B
> stocks are the backbone of Value Investing strategies (inluding  
Graham/Dodd)
> and there are a whole host of funds that have Value Investment  
strategies.

Many people like to consider themselves value investors, but few really  
think like David Dreman or Benjamin Graham.  Growth stock investing is a  
mutated form of value investing - higher projected future earnings are  
often used by analysts to deflate PE ratios and justify buying stocks that  
Dreman and Graham would not touch.  A true value investor would have a  
heavy cash position, because bargains are scarce and the market is so  
overheated that it is spewing steam vigorously.  The price/book ratio of  
the DJIA is at 2.5, the highest level in a generation (and book values do  
not change as much as earnings).  In spite of this and a KNOWN possibility  
of rising interest rates, the analysts now tout stocks.  It seems they  
would rather risk losing 40%-50% to a bear market that would bring the  
stock market near its book value of a few years hence than lose 1% to  
inflation in a money market fund.  When I looked for stocks to buy for the  
AT&T Investment Challenge, I found bargain stocks to be quite scarce, and  
I had to bend my criteria in order to find 10 stocks.  Had I played this  
stock market game in 1974 or 1982, I would have found hundreds of stocks  
meeting my criteria.
Newsgroups: misc.invest
From: frazier@kona.cs.ucla.edu (Gregory Frazier)
Subject: Re: Where can I get cost-of-living data?
Organization: UCLA, Computer Science Department
X-Newsreader: Tin 1.1 PL5
Distribution: usa
Date: Wed, 16 Dec 92 15:36:43 GMT

Bill Roth (roth@feline.cs.wisc.edu) wrote:
: I would like to know where I can data on the relative cost of living
: differences in major cities around the country. I would like to know,
: with some degree of accuracy, either statistical or scientifical,
: what the cost-of-living differences between Madison, WI and Austin, TX
: are.
: 
: Does anyone know where I can get this kind of data?

_The Places Rated Almanac_ (or some similar title) will have
this info.  It is not original source, so you might not trust
it, but I would certainly put some faith in it.

--
"They thought to use and shame me but I win out by nature, because a true
freak cannot be made.  A true freak must be born." - K. Dunn, _Geek Love_

Greg Frazier	frazier@CS.UCLA.EDU	!{ucbvax,rutgers}!ucla-cs!frazier
Newsgroups: misc.invest,alt.activism
From: cep@taligent.com (Christophe Pettus)
Subject: Re: Snapple - Does it really go public Tuesday?
Organization: Taligent, a little subsidiary of two really big companies.
Distribution: na
Date: Tue, 15 Dec 1992 17:55:35 GMT

In article <104874@bu.edu> vida@crsa.bu.edu (Vida Jakabhazy) writes:
>I was wondering if anyone knows for sure if Snapple is going public
>tomorrow?

Does anyone have firm information about the supposed connection between
Snapple and anti-choice groups?  Rumours have been circulating for months,
but I've never seen anything concrete.
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
Newsgroups: misc.invest
From: fen@cs.columbia.edu (Francis Fen Ho)
Subject: Looking for Global/Int. Funds
Reply-To: fih1@cunixA.cc.columbia.edu
Organization: Columbia University Department of Computer Science
Distribution: usa
Date: Sat, 12 Dec 1992 22:18:06 GMT


most global or international mutual funds seem to have a heavy
concentration in Europe...

what are the net's recommendation for funds that are more diversified (less
Europe ~<30% and more everyone else) but are not region oriented (ie: New Asia,
Chile Fund)


thanks,

f'92
fih1@cunixA.cc.columbia.edu
From: werner@emtek.UUCP (Werner Ehlenberger)
Newsgroups: misc.invest
Subject: Re: Body Shop (from "Don't Become Fixated on Mutual Funds")
Summary: Re: Body Shop
Date: 15 Dec 92 16:54:09 GMT
Organization: Emtek Health Care Systems, Inc., Tempe Arizona

> > >2. Body Shop (pink sheets)     Recent Price: 2 3/4
> > >
> > >retail stores in the U.S.  Traded on London Stock Exchange.
> > 


Is there any way to buy the stock in the US, if it is traded on the
London Stock Exchange?

Werner
werner
Newsgroups: misc.invest
From: etpeters@dal.mobil.com (E. T. Peterson(Eric))
Subject: Re: Value stocks (Was: S&P index options ?)
Organization: Mobil Exploration & Producing Technical Center(MEPTEC), Dallas. 
Distribution: usa
Date: Mon, 14 Dec 1992 22:57:59 GMT

In article <Bz9pAv.AuH@news.cso.uiuc.edu>, cs101a64@eng-nxt11.cso.uiuc.edu (cs101 student) writes:
|> In article <1992Dec14.182523.29521@mobil.com> etpeters@dal.mobil.com (E.  
|> T. Peterson(Eric)) writes:

|> > How did Traveler's, Ahmanson, and Aetna do from 8/25/87 to 10/22/87?
|> > I suspect they dropped a fair amount.
|> > 
|> > Any diversified portfolio (even if they are all "value" stocks) is going  
|> > to lose money
|> > during a market drop such as August to late October, 1987.
 
|> My stock recommendations (British Steel, Travelers, Ahmanson, and Aetna)  
|> are value stocks TODAY.  I suspect that because these stocks are  
|> cyclicals, their price/book value ratios were relatively high in August  
|> 1987, at the height of the last economic expansion.  I believe these  
|> stocks will do well over the next few years, even if the DJIA drops to  
|> 1800.

OK, you weasled your way out of that one!  Try this test:

Pretend it is August 25, 1987 (get a financial newspaper from then).
Pick 5 stocks that were "value" stocks in August 1987 according to
your criteria (don't cheat by checking their performance during the
crash).  Then look at their prices after the crash.  I bet every one
of your picks declined during the crash!

Statements that "value stocks will not decline during a bear market"
need to be backed up by data! You have to have a picking method
that works without the benefit of hindsight.

*********************************************************************
Eric Peterson                  The sooner you fall behind,
Research Geophysicist          the more time you'll have to catch up!
(214) 951-3251
etpeters@drsol1.dal.mobil.com
*********************************************************************
Newsgroups: misc.invest
From: rvp2f@Virginia.EDU (Prasad  Polamraju)
Subject: E-Trade discount brokerage: Is this the cheapest with ONLINE trading???
Keywords: Discount Brokerage, ONLINe trading 
Organization: University of Virginia
Date: Sun, 13 Dec 1992 04:46:28 GMT

You can get their application by calling 800-786-2573.

Are there any hidden expenses like miscellaneous fee for every trade 
including service and comparsion of their fee schedule 
with other discount brokerages will be appreicated?

Prasad Polamraju
email: rvp2f@virginia.edu
phone: 703-328-0180 (office)
	703-328-4245 (home)
Newsgroups: misc.invest
From: scott@phylo.life.uiuc.edu (Scott Howard)
Subject: Re: Fidelity Magellan?
Organization: University of Illinois at Urbana
Date: Tue, 15 Dec 1992 21:38:47 GMT

jaeastman@anl.gov (Jeff Eastman) writes:

>I noticed in the paper that Fidelity's Magellan mutual fund fell by almost
>$6 last
>Friday.  This is about 10% of the fund's value.  The price in today's paper
>is still
>the lower value, so it doesn't appear to be a misprint.  The other Fidelity
>growth
>funds did not show this drop in price.  What happened?

I saw the same thing and nearly had a heart attack until I picked up my
Trusty Barrons. It's trading Ex-Dividend. Don't sweat it...

--
Coffee Facts from Dr. Science:
1) You can never brew coffee too strong.
2) You can never drink too much coffee.
3) Coffee does not make you nervous.  Your own inadequacies do that.
   Coffee merely increases your perception of your own inadequacies.
4) Tea is to coffee as ginger ale is to Scotch.
Newsgroups: misc.invest
From: blenko-tom@CS.YALE.EDU (Tom M. Blenko)
Subject: Re: "Market efficiency" (Was Re: Rationality of the stock market (NOT!))
Reply-To: blenko-tom@cs.yale.edu
Organization: Yale University, Department of Computer Science, New Haven, CT
Date: Thu, 17 Dec 1992 00:56:21 GMT


| I should clarify the notion of "systematically generating excess
| returns" (it answers another posting in this thread).  Broadly
| speaking you can generate higher mean returns than the S&P500 by
| paying more risk than it.  The question to ask of a get-rich-quick
| scheme is:

This is what CAPM says, if I understand you correctly, but
there is plenty of countervailing evidence (I think
Malkiel reports the case against this in his Random Walks
book). And the shortcomings of CAPM have been known on the
academic side for a long time (although my understanding
is that much of Wall St. used it through the 70's and into
the 80's). 

	Tom
From: fritz@fc.sde.hp.com (Gary Fritz)
Newsgroups: misc.invest
Subject: Re: Free Stock Newsletter By E-mail
Date: 12 Dec 1992 00:08:54 GMT
Organization: HP SESD, Fort Collins, CO
Distribution: na
NNTP-Posting-Host: hpfcgf.sde.hp.com
X-Newsreader: TIN [version 1.1.4 PL6]

Larry Watanabe (watanabe@cs.uiuc.edu) wrote:
: Extrapolating 20% or better in 1 to 4 months 
: gives between 60-220%. Is this what he is projecting as his 
: expected return? 

You're adding instead of compounding.  Assuming you reinvest your profits,
20% in 4 months, done three times in a row, results in 1.2 * 1.2 * 1.2 = 73%
annual return.  20% in 1 month, done 12 times in a row, is 1.2^12 or nearly 
1000%.  Sounds like fun to me.  :-)

Gary (picky picky) F.
From: dwight@meaddata.com (Dwight Huddleston)
Newsgroups: misc.invest
Subject: Cardiac Sciences. What gives?
Date: 14 Dec 1992 18:54:44 GMT
Organization: Mead Data Central, Dayton OH
Distribution: usa
NNTP-Posting-Host: protein.meaddata.com

Does andybody know anything about a company called Cardiac Sciences (DFIB)?
They are a startup company still on the pink sheet. Their stock has gone from
7/16 to 2 1/16 during the first 11 days of December!! How come a stock like 
this doesn't show up in the WSJ top gainers list? Anybody have any good or bad
experiences they`d like to share about trading penny stocks?

-- 
Dwight Huddleston             Opinions expressed within      Mead Data Central 
                                 are my own and not        Systems Development
Internet: dwight@meaddata.com   necessarily those of              P.O. Box 933
UCP: uunet!meaddata!dwight       Mead Data Central.         Dayton, Ohio 45401
Newsgroups: misc.invest
From: pearson_steven@tandem.com (Steven R. Pearson)
Subject: Re: tax loss selling
Organization: Tandem Computers Inc.,  Cupertino, CA
Date: Fri, 11 Dec 1992 22:36:14 GMT

In article <1992Dec11.135337.14196@athena.mit.edu>, proto@mtl.mit.edu (Proto) writes:
> 
> 
> In July I bought 200 shares of a stock for $10.25.  The price has recently
> risen to $15.75, and I expect it to continue rising.  My broker has  
> advised me to sell now and buy it back on Dec 31.  He claims the price
> will drop a lot because of 'tax loss selling'.  I don't understand this 
> at all, for two reasons:
> (1) One can take a tax loss only if the price has fallen a lot this year,
>     not true for this stock.
> (2) Why would someone wait until Dec 31 to sell at a loss if (s)he can
>     sell now at the higher price?
> 
> Of course the broker will get a round-trip commission for this.
> I would appreciate any help as I am very new to investing in stocks.

Well, actually losses don't have to be from this year.  If the stock was popular
at $25 a year or two ago, there could be tax loss selling.  On the other hand, the
wisdom these days for many folks with the means to own lots of stock is to defer
losses and take gains this year (because Clinton may raise taxes, goes the theory).
Either theory could lead to selling or not selling, and prices could go up, or down.

In any case, you are correct to be concerned about a broker who wants you to
turn over your portfolio without a VERY VERY VERY good reason.  Taxes
do not usually qualify.  The pros almost always say make investment decisions
for investment reasons first, and tax reasons only if you are otherwise on the
fence.  In your case, it sounds like you are in a "let your winners run" situation.
Ask your broker to explain his/her logic to you.  If you don't like the story,
consider getting a new broker (or, at least be forewarned that the advice you get
in the future may be equally justified...).

-steve p.  (opinions mine, no warranty, standard disclaimers)
Newsgroups: misc.invest
From: MCMASTER@LSTC2VM.stortek.com (Jim McMaster)
Subject: Re: Cafeteria Health-Care Program: HELP?
Organization: StorageTek SW Engineering
Date: Sat, 19 Dec 1992 04:30:07 GMT

In article <1992Dec17.230042.2523@panix.com>
eck@panix.com (Mark Eckenwiler) writes:
 
>
>On the other hand, if your wife leaves her job during the year, she
>can nevertheless be reimbursed (under health care, NOT dependent care)
>up to the *full amount she would have paid into the account over a
>full year*.  (Dependent care is pay-as-you-go, at least here.)  Thus,
>if she agreed to have $10/week deducted for medical, and left after
>only 4 weeks of January, she would pay only $40 for having as much as
>$520 of free NON-taxable benefits; of course, she would have to incur
>the costs in that 4-week period (which isn't so hard to do).
>
This is not how it worked at my last employer!  When I left the
company, *all* the contributions for the rest of the year were taken
out of my final paycheck.  I then had until the end if the calendar
year to use them up, as if I had stayed.  THis seems to be standard
practice.
 
>The theory here is that just as the employee bears the risk of
>forfeiting excess, so the employer (who must pay the difference in a
>shortfall situation) bears a risk to offset the tax benefits of the
>program.
>
No way.  The employer does not bear any risk.  Why in the world would
they set up such a plan if they risked money?
 
>           Mark Eckenwiler    eck@panix.com     ...!cmcl2!panix!eck
 
Jim McMaster
Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Where to turn when stock funds come down
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Date: Thu, 17 Dec 1992 16:06:36 GMT


Only about 10 more trade days to go and the predicted market crash (2800)
has not appeared for 1992.  All those market prophets now talk about
a rally in 1st quarter 93 (3500), then slids back to 3200.  So, I am
scared.  What should I do if I sense (ha!) an eminant market crash?
Where should I move my growth funds investment to?  (I want to stay
in mutual funds.)

	1) bond funds?
	2) balance funds?
	3) GNMA funds?
	4) Money Market fund and back in when the market bottoms out (Ha!)
	5) Under my mattress?

What would the net wisdom say?
From: ramezani@are.Berkeley.EDU (Cyrus A. Ramezani)
Newsgroups: misc.invest
Subject: NEW RETIREMENT PRODUCTS ?
Date: 16 Dec 1992 22:59:21 GMT
Organization: UC Berkeley, Agr & Res Economics
Distribution: world
NNTP-Posting-Host: are.berkeley.edu



Dear Netters and investors:

   I recently got a job and started having income on regular basis.
I have been reading on existing retirement planning methods (e.g.,
IRA, annuities, 401K, etc.).  Here is my question:

"ARE THERE NEW AND INNOVATIVE FINANCIAL PRODUCTS FOR RETIREMENT PLANNING ?"

" WHICH FINANCIAL PRODUCTS YOU PREFER AND WHY"

"WHERE CAN I EDUCATE MYSELF FURTHER" 

Thank you for your comments. Please send your remarks to
ramezani@are.berkeley.edu directly (this account) and I will summarize
and post to the net later.

Regards,

Cyrus.

Newsgroups: misc.invest
From: cs101a64@ih-nxt04.cso.uiuc.edu (cs101 student)
Subject: Re: Looking for Global/Int. Funds
Organization: University of Illinois at Urbana
Distribution: usa
Date: Mon, 14 Dec 1992 15:41:07 GMT

In article <Bz63A7.16J@cs.columbia.edu> fen@cs.columbia.edu (Francis Fen  
Ho) writes:
> 
> most global or international mutual funds seem to have a heavy
> concentration in Europe...
> 
> what are the net's recommendation for funds that are more diversified  
(less
> Europe ~<30% and more everyone else) but are not region oriented (ie:  
New Asia,
> Chile Fund)
> 
> 
> thanks,
> 
> f'92
> fih1@cunixA.cc.columbia.edu
It may be a good idea to diversify among European funds and other regional  
funds.
Organization: Central Michigan University
Date: Tuesday, 15 Dec 1992 16:26:09 EST
From: <32GCHRG@CMUVM.CSV.CMICH.EDU>
Newsgroups: misc.invest
Subject: Invest in Rock Band!!

Trigger Happy is one of the hottest bands in Detroit.
However, we need $$ to really make it.  Interested
in making an investment ($100-$5000)?  We'll take
whatever you can give.  We have good credentials and a good
following.  Thanks, peace, and please help us!!!

           Derek Thomas, TRIGGER HAPPY
Newsgroups: misc.invest,alt.activism
From: rohrernl@helix.nih.gov (Nathan Rohrer)
Subject: Re: Snapple - Does it really go public Tuesday?
Organization: National Eye Institute, National Institutes of Health
Distribution: na
Date: Tue, 15 Dec 1992 22:41:27 GMT

In article <1992Dec15.184824.7705@murdoch.acc.Virginia.EDU> prs9k@brain.med.virginia.edu (Phil Scarr) writes:

>In article <BzBB4n.IxL@taligent.com> cep@taligent.com (Christophe Pettus) writes:
>>Does anyone have firm information about the supposed connection between
>>Snapple and anti-choice groups?  Rumours have been circulating for months,
>>but I've never seen anything concrete.

>It doesn't surprise me give that they advertise on Rush Limbaugh...

They advertise on Stern too,  I guess they like to offend everybody :-).  
Did it ever occur to you that they might advertise on these shows because a 
lot of people listen to them?




/*********************************************************************/
/*                       --- Nathan Rohrer ---                       */
/*  NATIONAL EYE INSTITUTE, OFFICE OF SCIENCE POLICY AND LEGISLATION */
/*              MANAGEMENT INFORMATION SYSTEMS SECTION               */
/* BITNET: NLR@NIHNEI31                  BETHESDA, MD 20892-0031     */
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/* CompuServe: 70670,3164                PHONE: 301 496-2194         */
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Newsgroups: misc.invest
From: irving@Happy-Man.com (Irving_Wolfe)
Subject: Re: _Securities_Analysis_
Reply-To: Irving_Wolfe@Happy-Man.com
Organization: Happy Man Corp., Vashon Island, WA 98070-7399
Date: Tue, 15 Dec 1992 03:50:29 GMT

In <1git4bINN1i6@aludra.usc.edu> josephk@usc.edu (Joseph Kim) writes:

>Anybody care to post synopsis of _Securities_Analysis_ by Graham and 
>Dodd?  I already read the _Intelligent_Investor_ by Graham, and want
>to know if the two overlap.  

The original version and its sequel, by Graham and Dodd, are a
beautifully (if professorily) written journey through the details
that are only touched upon in _The Intelligent Investor._

When Sidney Cottle got involved -- I think it was the fourth
edition -- I didn't care for the book any more.  Perhaps that's
just personal taste, so I would not damn Mr. Cottle, I just
wouldn't buy his book.  "Ya wanna write, ya gotta be a writer!"

I have not bought or read the current (fifth?) edition.  Honestly,
I found the price offensive.  Now that both Graham's and Dodd's
influence is diluted by two generations of new authors, I'm not
sure why this book should be favored over something with a
different name that doesn't try to pretend it's related to the
original, quite special work.

The number of pages has risen in each edition, too, if I remember
right.  That's a sure sign of a downhill slide.

Now, I'm (on the side) a bookdealer because we need to sell _The
Intelligen Investor_ to our subscribers and we enjoy providing
"Usenet discounts" on some newly issued computer books, where we
already have some affinity to the subject matter.  If enough of you
folks (25 or 35) want this thing, I'll buy them and, keeping one
copy, pass them along at a discounted price.  But my gut says not
to recommend it.  Read _The Intelligent Investor_ a second (or
third) time instead!

Regards,
-- 
 Irving_Wolfe@Happy-Man.com      Happy Man Corp.  206/463-9399 x101
 4410 SW Pt. Robinson Rd., Vashon Island, WA  98070-7399   fax x108
 We publish SOLID VALUE for the intelligent investor.   NextMail OK
Info free; sample $20.  Send POSTAL addrs: Solid-Value@Happy-Man.com
From: andy@federation.gatech.edu (Andy Register)
Newsgroups: misc.invest
Subject: Re: What is wrong with MicroSoft ?!!!
Date: 18 Dec 92 18:57:30 GMT
Organization: CERL-EE, Georgia Institue of Technology

In article <BzGs8L.KKu@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
 >There was a news item today, saying that the FTC will be 
 >taking action against Microsft. Maybe this is a good time 
 >to invest in Novell.
 >

Maybe an even better reason to invest in Microsoft! 
hmmm....

Toodles
Andy

Newsgroups: misc.invest