HDTenEightyP/NetNews huggingface dataset:
From: frazier@maxwell (Greg Frazier)
Newsgroups: misc.invest
Subject: Re: fat cat investors???
Date: 21 Jul 92 17:14:30 GMT
Distribution: usa
X-Newsreader: Tin 1.1 PL4

dfavor@logantivoli.com (David Favor) writes:
: > As food for thought, here's an example of how tax code already favors
: > the investor:  [can't write off eng. calculator, can write off
: > "business" trip to Bahamas]
: 
: you can spend your time disagreeing with the tax code... in which case you
: will get nowhere... or you can become flexible enough that whenever the tax
: code changes you restructure your financial plan where needed. for example...
: 
: the $25,000-per-year should have some form of small business that allows him/her
: to write off that $100 scientific calculator.
: 
: the $25,000-per-year engineer should also have some form of small business
: that allows fat-cat-traveling anywhere in the world to be tax deductible.

I disagree with both halves of David's response.  First, I think
disagreeing with the tax codes does a lot of good, and I am hoping
that we will see major changes to it in the next 8 or 12 yrs.
Second, deducting expenses for "small business" is only legal if your
business turns a profit [at least one year out of three?].  Finally,
there is the question of whether your tax savings will offset your
cost of belonging to the Given's Organization (or whoever it is you
pay to help you navigate the tax codes), which is not cheap.  It
certainly would not pay for itself in our personal situation, but
then, my wife and I are still students.

--


Greg Frazier	frazier@CS.UCLA.EDU	!{ucbvax,rutgers}!ucla-cs!frazier
Newsgroups: misc.invest
From: mpattee@fluke.tc.fluke.com (Mark Pattee)
Subject: FORSALE: Baseball Cards (thousands)
Organization: John Fluke Mfg. Co., Inc., Everett, WA
Distribution: usa
Date: Thu, 30 Jul 1992 19:07:58 GMT

Hi,
I would like sell some of my baseball cards. There are
thousands of them that I can part. This is a list of the
various years/make that are available.

Topps - '62 thru '72, '76, '84 thru '89.
Fleer - '63, '86 and '87.
Donruss - '86 thru '89.
Score - '86 thru '89.

Commons and Stars.

If there are any cards that you need to fill out a set or
are just interested in particular singles, send me your 
want lists and I will try my best to fill them out.
Anything 1976 or newer would have a good chance of being
in NRMT condition. Anything older would probably not be.

Send me your lists and I'll get back to you.

Thanks  -Mark

Newsgroups: misc.invest
From: linb@bcarh854.bnr.ca (Bin Lin)
Subject: Northern Telecom Stocks 
Reply-To: linb@bnr.ca
Organization: Bell-Northern Research Ltd., Ottawa
Distribution: na
Date: Tue, 21 Jul 1992 17:39:02 GMT

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

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

Thanks

Bin


Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Guinness info
Organization: TRW, INC.
Date: Thu, 23 Jul 1992 23:38:21 GMT

In article <1992Jul23.153341.21900@iscnvx.lmsc.lockheed.com> shelly@iscnvx.lmsc.lockheed.com (Sheldon Kay) writes:
>A unsolicted broker called me with the deal of the year.      
>
>Any comments from the net???

Rule 1:  Don't invest in anything you don't understand.

Rule 2:  Hang up on cold calls.
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest,sci.econ
From: sehari@iastate.edu (Babak Sehari)
Subject: Re: Should we limit the shorts life time.
Originator: sehari@vincent1.iastate.edu
Organization: Iowa State University of Science and Technology, Ames, Iowa.
Date: Sat, 25 Jul 1992 17:48:59 GMT

In <1992Jul25.004059.21906@Princeton.EDU> jmo@courant.princeton.edu (Mike Orszag) writes:
>In article <sehari.712013741@vincent1.iastate.edu>, sehari@iastate.edu (Babak Sehari) writes:
>|> ---
>|> 
>|>   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.

>What effect would you estimate shorting $1 million dollars worth
>of Citibank stock would have on the market? Shorting American bank

By increasing the supply of the shares in the market, you bring the
prices down, as it is predicted by the law of supply and demand.  That is,
If total number of shares of say company A is 10 and one person shorts
2 stocks of A, the total supply is 12 now.  That is an investor, who invested
in this company and bought 2 stock and is not willing to sell at current price
would deposit his stock with his broker.  Now, the person who shorts the 
stocks with the help of the broker would sell the investor's stock and drive
the prices down.  The person who really hurts in this deal is the long term
investor, people like an old lady who buys and holds to stocks.  Besides,
today we have other instruments that does not effect the price of the stock
directly, such as options.

Options, which acts as an insurance for some investors; could be bought
and sold by people, who are interested in this type of transaction.  Say
you invested on ATT and bought 100 shares at $40, you could sell a leap
of this stock at $45 for $5, and protect yourself from down side price
fluctuation up  to %12.5.  This transaction does not increases the total
number of stocks, so it dose not influence the price of the stocks. So one
by selling calls does not drive the prices down, the same is true by
buying puts.  However, you can drive the prices down by aggressively
shorting stocks.  The funny thing about it is that you do not have to cover
your shorts by a certain time, you could cover it any time you wish.  Your
broker does not asks you to cover your shorts unless the stocks go up
in price.  So market should drive a 12 stock supply up instead of 10 stock
supply.  Given the fact that you could short stock on exact time that
the stock is at a critical stage to prevent it from taking off.  This is
what I call "Market Terrorism".

The shorting, therefore, hurts the people whom the stock market was
created for in the first place, the real investors who invest in the
businesses and companies.


                     With highest regards,
                          Babak   Sehari.
From: root@sickbay.austin.ibm.com
Newsgroups: misc.invest
Subject: Charles Givens
Keywords: Givens,invest,business,tax,real-estate,travel,money,contracting
Date: 21 Jul 92 19:14:55 GMT
Followup-To: Re: Givens Organization Overview
Organization: ttmar Ltd., Austin

>   1) Financial Library which is an extended version of the books
>      "More Wealth Without Risk" and "Financial Defense" in the form
       ^^^^^^^^^^^^^^^^^^^^^^^^
 Is this like military-intelligence ??? Oh, I know, "wealth without risk"
 is like I save a lot of money and put it into CD (paying what 3-4% ?)
 and maybe when I am ONLY 85 years old I will be a wealthy person ??
>------- Share the Wealth
   Oh, this is a good one... find a real rich person and ask for a very 
   long term loan..no interst and no collateral, like a gift maybe, yeah
   that's the ticket..    ;-)
>------- Tax Defense
    Too, funny even without comment. But I guess it is like don't make any 
   money (thru Givens) and pay no taxes...
>------- Travel Executive
    Yeah, I go to Zug, Switzerland and there I pay <15% flat tax rate.
    (on my first million, when I turn 85..    :-))
>                       45-DAY CONDITIONAL GUARANTEE
 The condition is I guess that I have to be un-conditionally brain-damaged to 
 buy this crap, yeh ??
 Give us a break, ANYONE who buys stuff like wealth without risk deserves
 it. It is a bloody tell-tale.
From: root@sickbay.austin.ibm.com
Newsgroups: misc.invest
Subject: shorts are sucker bets ??
Date: 30 Jul 92 14:45:24 GMT
Followup-To: SHORT'S LIMIT.
Organization: ttmar Ltd., Austin


 This is not true. Simply when you limit short sellers you shoot yourself
 in the foot. Should you want to play the bear market, that is. Stocks
 have been going up mostly (with inflation), so shorting is not easy and
 simple. But saying that it is immoral and somewhat underhanded is a wrong
 and uninformed statement. The problem is that there is a NYSE uptick rule
 already, which takes some short trading overseas, but because shorting is 
 somewhat political and it does not steal a lot of volume away, they (NYSE) 
 did not change the rule. (YET) (golly, we have rules stemming from the bloody
 30's, why not make alcohol illegal, again ????)
 The bottom line is this. There are some very over-promoted, "bubble" stocks
 of companies that never made a dime. They were very high in the early 80's.
 I would have ho qualms about shorting them. Further in some respect you 
 will never have an upday of the same magnitude as some big down days we have
 had. As long as I can cover my short, and believe me the broker WILL make 
 sure that I can, shorting should be left alone.
 AMN
From: dfavor@logan.tivoli.com (David Favor)
Newsgroups: misc.invest
Subject: Re: Charles J. Givens
Keywords: drivel
Date: 23 Jul 92 13:06:57 GMT

>   This is just my informed opinion. However, as a wise person once said, 
> opinions are like assholes - everyone has one and they all stink.

these are words to live by. I notice that my asshole always smells better
to me than other assholes. it could be that my asshole is just another
asshole :-) great quote!
Newsgroups: misc.invest
From: prabhak@cs.umn.edu (Satya Prabhakar)
Subject: Fundamentals, my dear Watson, fundamentals!
Organization: University of Minnesota, Minneapolis, CSci dept.
Date: Fri, 31 Jul 1992 17:12:17 GMT

OK, maybe I am a little pissed becuased I shorted the market by
buying index puts and the market shot up (over the last week) in
a rather belated response.

But what I don't get is this: What the hell do investors see in
the economy to bid up the prices so much?

 * Recession is still plaguing the country.
 * US trading partners are in a full-swing recession which will
   affect foregin earlings of most companies.
 * The market has already discounted increased future earnings.
   Don't argue with me now, the Dow is at record levels and so
   are the PEs.
 * Inflow into stock funds is slowly and steadily dropping.
 * Unemployment is very high and will therefore affect consumer 
   spending.

What in the glorious heavens do you see in this situation to want to put
more money into stocks?, I ask.

Best regards,
Satya Prabhakar


Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Should we limit the shorts life time.
Organization: TRW, INC.
Date: Mon, 27 Jul 1992 23:55:52 GMT

In article <1992Jul26.151003.27958@Princeton.EDU> nfs@dynamic (Norbert Schlenker) writes:
>You can't, because of the stupid uptick rule.

I thought that the "stupid uptick rule" evolved from studies of the 1929
crash.  Somebody decided that shorting into a declining market just made
the situation worse.

I understand that the program trading is exempt from the uptick rule.
Anybody know for sure?
-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: dbk@pslu1.psl.wisc.edu (Don Katz)
Subject: Re: Cray Computer: When to bail out?
Organization: University of Wisconsin Physical Sciences Lab
Distribution: usa
Date: Mon, 27 Jul 92 13:34:12 GMT

In article <1992Jul25.165916.4366@murdoch.acc.Virginia.EDU> kst@uvacs.cs.Virginia.EDU (Kevin Treu) writes:
>I got into Cray Computer at 4 1/8 several months ago.  I have become convinced
>that playing around with individual stocks without great expertise is a
>mistake, and want to get out of the practice as soon as possible.  Now 
>Cray Computer is down to 2 3/8.  I'm interested in some net-advice regarding
>this specific stock.  Do I remain patient, confident that at some point it
>will be rewarded?  And if not, how do I know when it is time to cut my
>losses?  Thanks in advance for any advice.
>
>As far as the stock market goes, it's mutual funds only for us from now on...

Be patient. However, recognize that Cray Computer is a very
speculative and volatile investment - Cray has no revenues or products
and trades on hopes for the future and investor's confidence in
Seymour Cray. So I don't know that you can be confident that at some
point your investment will be rewarded. 

At the same time, it is generally a mistake to be chased out of a
stock because of a price drop. If there has been some change in
company prospects or in your view of the company that leads you to
believe that it is now a worse investment that you believed several
months ago, then sell. If there has been no change in your view of the
company, then short-term fluctuations in the market shouldn't worry
you. The price can go up just as fast as it goes down.

I am sorry that one bad experience is chasing you to mutual funds.
Buying stocks directly is fun, and should be just as profitable, over
the long run, as mutual funds if you take the time to choose stocks
wisely. There are many stocks with relatively stable prices and
reasonably defined long-term prospects which you could buy and still
sleep well at night, especially if you diversified among 10 or more.

Don



-- 
-----------------------------------------------------------------------------
Don Katz                                .         Physical
                                       .- / \ -.      Sciences
University of Wisconsin - Madison   ./'  /+-+\  `\.       Laboratory   E-MAIL
From: broward@hpbs2048.boi.hp.com (Broward Horne)
Newsgroups: misc.invest
Subject: Ca. Real Estate
Date: 23 Jul 92 16:50:42 GMT
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X-To: misc.invest.usenet
X-Mailer: Elm [revision: 64.9]


    And so the age-old Battle of Ca. Real Estate appears to
    be reaching a conclusion.  Too bad all the optimists have
    bailed out...  :)

    Is there any way to *short* property? 

    
--
   gcthorne@idbsu.idbsu.edu          blh@uiboise.idbsu.edu   
   an030@cleveland.freenet.edu
   bhorne@bsucim.idbsu.edu
   broward@hpbs2048.boi.hp.com YES! I LIVE! 
Newsgroups: misc.invest
From: wouk@alumni.cs.colorado.edu (Arthur Wouk)
Subject: Re: What is the inflation rate for 1992?
Organization: University of Colorado, Boulder
Date: Sat, 25 Jul 1992 16:47:36 GMT

In article <1992Jul24.163931.23417@pslu1.psl.wisc.edu> bill@dewey.edsci.wisc.edu writes:
>
>What is the annualized inflation rate for 1992 going to be, given  
>what we know so far this year? Anybody want to make a stab at it?

what difference does it make? if you believe the white house and its
official soothsayers, it will be about 3.1% 

but al sindlinger calculates an effective 12% rate. (the official rate
ignores the effects of such things as local and state taxes, etc.)

sindlinger has been righter about the economy than anyone else over
the past few years.
-- 
arthur wouk 
internet: wouk@alumni.cs.colorado.edu
Newsgroups: misc.invest
From: rjc@cbnewsf.cb.att.com (robert.cook)
Subject: CHECKS.... Where to buy?
Organization: AT&T
Distribution: usa
Date: Tue, 28 Jul 1992 15:57:32 GMT

I remember a while back a discussion on purchasing check directly for a printers
rather than the bank.  I'm in need of ordering and wanted some info..  Seems
someone had posted a company in Colorado Springs, CO.

Any info. is appreciated.

TNKS - Robert

---------------------------------M Y  L I F E  --------------------------------

Robert J. Cook - Field Engineer 		AT&T Technical Support Center
749 So. Robb Way				8300 E. Maplewood Ave, 200N
Lakewood, CO 80226				Englewood, CO 80111

Home: 303/980-5182				(800)548-8861 X6089
Work: 303/488-6089				(303)488-6089
FAX : 303/969-0355	    			(303)488-6015 - FAX
rjc@cbnewsf.att.com	< E-Mail Address >	att!att.com!cbnewsf!rjc
From: marvit@cattell.psych.upenn.edu (Peter Marvit)
Newsgroups: misc.invest
Subject: Re: MacFrugal: Business Week Recommendation
Date: 22 Jul 92 15:12:20 GMT
Distribution: usa
Organization: Psychology Dept, U. Pennsylvania
In-reply-to: dkulkarn@haydn.helios.nd.edu's message of 12 Jul 92 02:18:17 GMT

In article <1992Jul12.021817.6602@news.nd.edu> dkulkarn@haydn.helios.nd.edu (Dinesh Kulkarni) writes:

	   In last week's Business Week, MacFrugal (NYSE) was recommended.
   So I was following its price over the last week.  On Friday, the stock
   crossed its 52-week low to establish a new low (10+ I don't remember
   the exact price).  Since BW had analyzed it in some detail, I am curious
   if anyone knows what was the reason for the drop on Friday.

What type of company if MacFrugal and what is its NYSE abbreviation?  My
glance at the paper didn't reveal anything close to that name.

--
: Peter Marvit <marvit@cattell.psych.upenn.edu>
: Psychology Dept.,  University of Pennsylvania
Newsgroups: misc.invest
From: erlebach@icase.icase.edu (Gordon Erlebacher)
Subject: which newspaper?
Organization: ICASE/NASA Langley
Distribution: usa
Date: Mon, 27 Jul 1992 00:43:58 GMT

Newsgroups: Misc.invest
Subject: which newspaper
Summary: 
Followup-To: 
Distribution: usa
Organization: ICASE/NASA Langley
Keywords: 

Does anybody have any opinion concerning a choice between the 
two following newspapers:  The Wall Street Journal, and the
Investor's Daily.  From what I hear, the latter contains more detailed
information on individual companies, and many types of economic indicators
in the form of charts.  Comments are welcome.

  Thanks you,

	Gordon Erlebacher
From: jdk@milp.jsc.nasa.gov (John D. Krauskopf)
Newsgroups: misc.invest
Subject: Stock Market Info
Date: 30 Jul 92 22:40:59 GMT
Organization: Loral Space Information Systems, Houston Texas

Is there anyway to obtain daily stock market results from the
Internet via ftp.  

Thanks,
John

-- 
-------------------------------------------------------------------------------
John D. Krauskopf (jdk@milp.jsc.nasa.gov)
Loral Space Information Systems
P.O. Box 58487 M/S F8C2A
Houston, Texas 77058
Newsgroups: misc.invest
From: myers_dave@ssdc.honeywell.com (David Myers)
Subject: Mutual Fund Strategist newsletter
Followup-To: misc.invest
Organization: Honeywell Air Transport Systems Division
Date: Thu, 30 Jul 1992 14:40:39 GMT

I am considering subscribing to the Mutual Fund Strategist newsletter. This
is a monthly newsletter that makes buy/sell recommendations between
selected mutual funds and money market funds based on a market timing
model.

Does anyone currently subscribe to this newsletter or other similar mutual
fund switching newsletters and if so, what have your experiences been? Do
you go through a brokerage house or do you have accounts set up directly
with the funds?

Thanks in advance,
David J. Myers
myers_dave@ssdc.honeywell.com
Newsgroups: misc.invest
From: bhayes@Xenon.Stanford.EDU (Barry Hayes)
Subject: Pick of the Week [1/2 :-)]
Originator: bhayes@Xenon.Stanford.EDU
Organization: Computer Science Department, Stanford University.
Distribution: ca
Date: Mon, 27 Jul 1992 18:10:07 GMT

I'm thinking of putting an ad in the local papers offering 70 cents on
the dollar for State of California Warrants.  What do y'all think?
From: newwave@desire.wright.edu
Newsgroups: misc.invest
Subject: Patent Acquisition by Conner Inc.
Date: 21 Jul 92 20:05:08 GMT
Organization: Wright State University


  Anybody out there know whether Conner Peripherals Inc., is privately held or
open to the public.  They are I think out San Jose, Calif.  They just recently
acquired some patents that could look real good (in terms of cash flow).

  Any information is welcome.

  The patent in question covers 2.5" disk drives.  Drop me a line if want to
know more.  If there is lot of interest I'll post on the net.

Cheers...
K. Desai
Newsgroups: misc.invest
From: rot@mickie.id.macsch.com (Rohit Thukral)
Subject: Re: Should I seek "safe" investments?
Reply-To: rot@mickie.id.macsch.com
Organization: MSC, Los Angeles
Date: Wed, 22 Jul 92 17:00:47 GMT

You should first decide how risk-averse you are.
Once you know how much risk you are willing to 
take with your investments, you can decide on the
investment choice.

Burton Malkiel, in "A Random Walk Down Wall Street",
talks about the "sleeping point", and suggests that you
select investments based on how soundly you want to sleep 
at night. What is your sleeping point?

Reproduced without permission:

The Sleeping Scale of Investment Choices
--------------------------------------------------------------
Sleeping Point	    Type of Asset	Expected Return (1990)
					(before taxes)
--------------------------------------------------------------
Semicomatose	    Bank Accounts	5-5.5%
state

Long afternoon	    Money-market	6-7%
naps and sound	    deposit accounts
nights sleep.

Sound nights	    Money-market	7.5-8.5%
sleep		    funds

		    Six-month CDs	8-8.5%

An occasional	    High qualilty	9-9.5%
dream or two.	    bonds

Some tossing	    Diversified		9.5-10%
and turning.	    portfolio of
		    blue-chip stocks.
		    (or index fund)

Nightmares not	    Diversified		11-12%
uncommon.	    portfolio of
		    risky stocks.
		    (or aggressive
		    growth fund)

Vivid dreams and    Real estate.	Similar to
occasional night-			common stocks.
mares.

Bouts of imsomnia.  Gold		Impossible to
					predict.
--------------------------------------------------------------

Rohit Thukral
-- 
#include <StdDisclaimer.h>
Newsgroups: misc.invest
From: kendall@adobe.com (Janice Kendall)
Subject: Re: Morningstar HELP!
Organization: Adobe Systems Incorporated
Date: Wed, 29 Jul 1992 20:08:37 GMT

In article <barrett.712417355@cc.gatech.edu> barrett@cloudgen1.gatech.edu (James Barrett) writes:
>TW.A51@isumvs.iastate.edu (Jim Berg) writes:
>>Could someone please post to me or the list what the meaning and
>>scale of the "Morningstar Ratings" is.....
>
>Morningstar is a paper about mutual funds.  They publish ratings of
>funds every quarter or so.  They call their ratings "risk-adjusted
>performance" ratings.  That means that a low-risk, low-return fund
>and a high-risk, high-return fund will both get an average rating,
>because that is what they are expected to return given the risk
>they take.  The ratings are on a scale of 1 to 5 and are only 
>applied to funds which have a 3-year history (thus all the NA entries).
>
>Hope that helps!
>
>------------------OS/2 v2.0 -- Why settle for anything less?--------------------
>James C. Barrett (barrett@cc.gatech.edu)| "When I need a little free advice
>Georgia Tech College of Computing       |    about Saddam Hussein, I turn to  
>                                        |    country music." -Bush, Oct 1990


Which is the best rating?  1 or 5?
   
 Janice Kendall    kendall@adobe.com    ...!{decwrl|sun}!adobe!kendall

        "Giving power and money to the government is like giving 
         whiskey and car keys to teenage boys."  

		- P.J. O'Rourke, former gulf war correspondant, summing
		up what he learned during two years of research on how
		our government functions.