HDTenEightyP/NetNews huggingface dataset:
From: hcy@cbnewsh.cb.att.com (hon-chi.yu)
Subject: Re: more options question (Summary)
Organization: AT&T
Distribution: usa
Date: Fri, 17 Apr 1992 16:16:00 GMT

In article <1992Apr16.210650.18512@cbnewsk.cb.att.com> lor@cbnewsk.cb.att.com (edward.lor) writes:
>In article <1992Apr16.170506.2115@oakhill.sps.mot.com> quangl@tabasco.UUCP (Quang Le) writes:
>>* Many stock broker, as mine (Waterhouse Sec.,) will automatically
>>execercise your options for you if the option still have 
>>intrinsic value regardless how much it is. This gesture may be practiced in
> ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
>>order of protecing your benefit (you forgot that you have a call

    .............................................................

>HOW MUCH IT IS, then it is really highway robbery.
>
>Schwab will exercise options with intrinsic value of at least $0.75.
>

Could you explain what did you mean by intrinsic value?  Does it take into
consideration of the commission Schwab charges for buying & selling the stocks?
If it does not, then even at $0.75 is highway robbery as for stocks like 
IBM at around $80, $0.75 is < 1% of its price and the average commission that
Schwab charges for buying & immediately selling the stocks (assuming you do
not want to raise the big sum of money) is about a few %.


Hon Yu
From: andy@federation.gatech.edu (Andy Register)
Newsgroups: misc.invest
Subject: Re: AMD
Date: 15 Apr 92 13:51:05 GMT
Organization: CERL-EE, Georgia Institue of Technology


adalier@intelhf.hf.intel.com (Mehmet Adalier) writes,
>>really knows if AMD can come up with the 486.  It is much more 
>>difficult to copy than the 386.

What is so tough.  You increase the 386 pipe-line a little, you add a 387
and you stuff a cache on it. AMD already has all this technology.  Maybe
Intel has hired a couple more Attorneys since the 386 law-suit.

I did notice you work for Intel. ;-)

Toodles
Andy
Newsgroups: misc.invest
From: dlw@odi.com (Dan Weinreb)
Subject: Re: United Way, were our money goes...
Reply-To: dlw@odi.com
Organization: Object Design, Inc.
Date: Wed, 8 Apr 92 21:54:46 GMT

In article <1992Apr6.193521.4772@digi.lonestar.org> mdefelic@digi.lonestar.org (Mitch DeFelice) writes:

   There was an article in Saturday's (4-4-92) Dallas Morning News,
   reporting ex-United Way's ousted president William Aramony lavish 
   spending.

   Where your money went:

All this is true, and it's all deplorable, but this was only a very
tiny fraction of your money.  Nobody who contributed to United Way
chapters should feel that all his money was spent on limos.  And, in
my opinion, none of this is a good reason to stop contributing to
United Way in the future.  They still do excellent work and obviously
they're going to be a lot more careful about this kind of thing in the
future.
From: tkuru@cpocor.intel.Com (Tolg Kuru)
Newsgroups: misc.invest
Subject: Re: Time to invest in Japan Fund??
Keywords: International Fund 	Hi, 		I'm interested in investing in mutual fund. Since US Market is
Date: 6 Apr 92 21:30:31 GMT
Originator: tkuru@cpocor


Hi,

Although the consensus is that Japanese market has not hit bottom yet, I
feel that it is aproaching bottom.  Therefore I would like to invest in the
Japanese market through a dollar cost averaging method through a mutual fund
that is linked to the Nikkei 225 (kind of like the S&P 500).  What do people
in netland think of this.  Which mutual funds have an account indexed to the
Nikkei 225, and what are their phone numbers?  Thanks in advance for your 
help and comments.

Regards,
Tolga Kuru          tkuru@sedona.intel.com   
Newsgroups: clari.tw.stocks,misc.invest
From: brad@clarinet.com (Brad Templeton)
Subject: Re: Exceptional Technology Stocks by Volume and Change 4-13
Organization: ClariNet Communications Corp.
Date: Tue, 14 Apr 1992 05:25:09 GMT

Due to circumstances beyond our control (problems with our stock feed)
we did not get stock data at the end of last week.  It's running again, but
the "changes since yesterday" figures will be put off by this.  We apologize.
-- 
Brad Templeton, ClariNet Communications Corp. -- Sunnyvale, CA 408/296-0366
Newsgroups: misc.invest
From: suhre@meltami.dsd.trw.com (Maurice E. Suhre)
Subject: Re: Time to invest in Japan Fund??
Organization: TRW, INC.
Date: Tue, 7 Apr 1992 21:06:21 GMT

The current issue of Barron's has an interview with four Japan analysts,
or are investors in the Japanese market.  I've only read the first
interview but this guy is *very* negative.  He has been short and is
getting even shorter (as opposed to covering).

I wouldn't touch a Japan Fund until I had seen some sign of a bottom,
and I don't see any yet.

For the original asker, look at Barron's.  Then adjust your hair back to
its normal position :-)

-- 
Maurice Suhre
suhre@trwrb.dsd.trw.com
Newsgroups: misc.invest
From: tjio@venice.sedd.trw.com (Lee Tjio)
Subject: Re: AMD
Organization: TRW Systems Engineering & Development Division, Carson, CA
Date: Thu, 9 Apr 1992 15:02:10 GMT

In article <1992Apr9.121304.9697@cbnews.cb.att.com> lib@cbnews.cb.att.com (Lib) writes:
>In article <1992Apr8.213359.2340@walter.bellcore.com> jchen@ctt.bellcore.com writes:
>>I heard over WCBS that a brokerage firm just upped AMD's earning 
>>estimate from $2.xx to $3.yy. A P/E of 5? Nah, that is too good to be true.
>
>Well maybe not. This morning's Journal shows a P/E of 7. My confusion
>is why AMD didn't do better yesterday after the earnings report.
>There was a lot of volume (2.4 million) but the price was
>unchanged. That means that the earnings and P/E notwitthstanding
>enough people to amount to 2.4 million shares decided it was time
>to sell. How come? 

The WSJ had a short article on AMD yesterday.  It mentioned the fact
that the Wall Street analysts questioned the company's ability to
maintain those earnings.  It also mentioned thef fact that AMD does
not have the 486 chips in the market (yet) and there is no strong
indications that AMD will be successful in coming up with the 486s.
BTW, I went to Price Club yesterday and saw DELL i486SX/25MHz with
super VGA, 80 Meg H/D, etc ...etc for less than $2,000.  Note that
DELL uses the Intel chip (i486) .... I am just wondering how much
cheaper could AMD make this chips?
From: mccabe@gdls.UUCP (Harold McCabe)
Newsgroups: misc.invest
Subject: Re: Stock market "Correction"?
Summary: What correction?
Date: 7 Apr 92 16:26:24 GMT
Organization: General Dynamics Land Systems, Sterling Heights, MI

Recent postings expect that the correction is yet to come.  Looking at
the health sector, I would say that the correction has already started.
Financial Funds Health Sciences had a high of about $46 earlier this year
and has recently been under $39.  While the DJIA has gone sideways for
a while, this area of the market is already down.

Harold McCabe
Newsgroups: misc.invest
From: dlw@odi.com (Dan Weinreb)
Subject: Re: Japanese PEs (Re: Time to invest in Japan Fund??)
Reply-To: dlw@odi.com
Organization: Object Design, Inc.
Date: Mon, 13 Apr 92 22:19:36 GMT

In article <1992Apr9.100213.10667@cs.umn.edu> prabhak@cs.umn.edu (Satya Prabhakar) writes:

   But then, Japan did not start doing so well until 10 to 15 years ago.
   Looking at the stupendous growth many Japanese companies have demonstrated
   consistently, I think they deserve a higher PE than their global counterparts.
   Some commentator was saying, "3% growth in GNP in Japan is cause for playing
   funeral music on radio for a week while in US it is time to pop open champagne."

Could be, but right now the growth of the Japanese economy is actually
negative.  I have not heard any reports of ritual suicide.

   A good analogy is Microsoft and Walmart. They have witnessed fantastic
   growths in the past and investors keep propping them up at PEs or
   42 and 38 respectively. No one seems to say that these are overvalued!

   Comments?

Sure, I'll say that they're overvalued.  Of course, if you knew for sure
that they would continue to grow at that same fantastic rate for years
to come, that might be another story.
From: tobias@oasys.dt.navy.mil (Steve Tobias)
Newsgroups: misc.invest
Subject: Re: Yeeee Hiiiiiiiii
Date: 13 Apr 92 11:52:39 GMT
Reply-To: tobias@oasys.dt.navy.mil (Steve Tobias)
Distribution: usa
Organization: Carderock Division, NSWC, Bethesda, MD

In misc.invest, 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.

     It was New York City, not DC. I believe the President's wife was
visiting there at the time, so she got zapped.

					      Steve
From: hd12@ellis.uchicago.edu (hui  dong)
Newsgroups: misc.invest
Subject: "Option market maker"?
Date: 5 Apr 92 08:40:22 GMT
Reply-To: hd12@midway.uchicago.edu
Organization: University of Chicago Computing Organizations

For option trade, who is the market maker? Is it OCC?
Also, is stock option market illiquid compare with the relative stock market?
Since below 100 contract or even no trade day is not rare.
Thanks in advance for help.
From: larryba@polstra.UUCP (Larry Barello)
Newsgroups: misc.invest
Subject: Re: Windows 3.1 launch
Date: 8 Apr 92 14:20:29 GMT
Organization: Polstra & Co., Seattle, WA

In article <ktuoamINNaui@alhena.usc.edu> (Ajay Shah) writes:
>
>Actually don't count on it.
>Surveys show that roughly 1 in 6 people who purchased windows 3
>actually boots his computer with it.  The marketing guys did a
>terrific job of whipping up media hysteria at the last launch.
>Presumably many buyers will be wiser the second time around.
>
>That gives us a remarkably low penetration of windows into the PC
>market, contrary to what is commonly talked of.  There are roughly 50
>million PCs in the world, roughly 10 million purchased windows, and
>roughly 1 million is booting windows.

Great logic: there are 50 million pc in the world - of course the  Unix
and OS/2 boosters fail to note that maybe only 10 million  are decent 
OS/2, Unix or Windows platforms.  The rest are beater XTs and low end 
286 machines.

It seems that the windows penetration of decent platforms is excellent.
Go to any clone assembler.  What are people buying?  THey are all buying
386 machines and windows.  DOn't believe me?  Check out the newspaper
and wander into a store sometime and just gawk.  That is what I did:
I wanted a cheap PC and was amazed at how cheap, fast and plentiful they
are.  I was also amazed by all the folks buying a box for their spouse, 
kid, grandparents.  I also met a few just buying a platform for their
favorite windows word processor.

I think MS is stronger than most folks imagine.  Of course, I used to 
work there so the usual caveats apply.
Newsgroups: misc.invest
Subject: Re: Hard Drive pounding
From: barbon_m@eis.dofasco.ca
Date: 1 Apr 92 17:50:58 GMT
Organization: Dofasco Inc, Hamilton, Ont. Can.
Nntp-Posting-User: barbon_m

In article <1992Mar31.163009.263@athena.mit.edu>, rlcarr@athena.mit.edu (Richard L. Carreiro) writes:
> I've noticed in passing that the hard drive companies have been taking
> a big beating in the last 10-14 days.
> Everyone -- Quantum, Seagate, Conner, etc, especially the last 4 days.
> 
> Any ideas as to what's driving this?
>

Could be falling in sympathy with the software manufactures (ie having you seen
Borland/Microsoft/etc lately)
 
-- 
Max Barbon					Dofasco Inc.
(dofasco!barbon_m)       			1330 Burlington St East
Fax (416)-548-4100				Hamilton, Ont. L8N 3J5 Canada
Newsgroups: misc.invest
From: cjkuo@locus.com (Chengi Jimmy Kuo)
Subject: Re: correction is nigh
Organization: Locus Computing Corporation, Los Angeles, California
Date: Thu, 09 Apr 1992 17:13:35 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?

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!"
From: prabhak@cs.umn.edu (Satya Prabhakar)
Newsgroups: misc.invest
Subject: Re: Time to invest in Japan Fund??
Keywords: International Fund 	Hi, 		I'm interested in investing in mutual fund. Since US Market is
Date: 7 Apr 92 14:44:53 GMT
Article-I.D.: cs.1992Apr7.144453.21257
Organization: University of Minnesota, Minneapolis, CSci dept.


 (Tolg Kuru) writes:
>
>Hi,
>
>Although the consensus is that Japanese market has not hit bottom yet, I
>feel that it is aproaching bottom.  Therefore I would like to invest in the
>Japanese market through a dollar cost averaging method through a mutual fund
>that is linked to the Nikkei 225 (kind of like the S&P 500).  What do people
>in netland think of this.  Which mutual funds have an account indexed to the
>Nikkei 225, and what are their phone numbers?  Thanks in advance for your 
>help and comments.
>
>Regards,
>Tolga Kuru          tkuru@sedona.intel.com   

I totally agree with this. Believe me, even Miyazawa doesn't know
if the market has hit the bottom. Investments specialists, a they
call themselves, continue to have the hubris that they can call
the market. Nobody can!

The best strategy, as Kuru rightly points out, is to slide into the
market rather than jumping in head first. Japan is a fundamentally
strong country so the investment is not exposed to risks that
it may face in countries like Brazil or India or Thailand.

Satya Prabhakar

The cab driver in New York yesterday confided to a wealthy
couple en route to the Carnegie Hall, "If the movie Graduate is 
remade today and if Hoffman is an investment banker instead of a 
chemical engineer, he would be whispering, "Psst, buddy! Japan!""
Newsgroups: misc.invest
From: brody@eos.arc.nasa.gov (Adam R. Brody )
Subject: DJIA and stock splits
Summary: What happens to DJIA after stock split?
Keywords: DJIA
Organization: NASA Ames Research Center
Distribution: usa
Date: Wed, 8 Apr 1992 22:11:46 GMT

How does the Dow take in to account stock splits.  When Disney splits
4:1 soon, I understand its impact on the Dow will be reduced
proportionately.  I would guess that the Disney part of the Dow does
not go down by a factor of 4 upon this split.  That would be an unfair
drop.  On the other hand, if recognition of the before split share price
is kept, how is the impact redued.
Newsgroups: misc.invest
From: weaver@sfc.sony.com (Eric Weaver)
Subject: Any commodity traders out there?
Organization: Sony Advanced Video Technology Center
Distribution: usa
Date: Fri, 10 Apr 1992 22:33:19 GMT


I'm curious what you use for...

 - charts (papers or software)
 - brokers
 - trading system
-- 
Eric Weaver  Sony AVTC  677 River Oaks Pkwy, MS 35  SJ CA 95134  408 944-4904
& Asst. Prod. Dir., KFJC 89.7 -  Foothill College, Los Altos Hills, CA 94022
From: tucker@shiva.edsg.hac.com (George Tucker)
Newsgroups: misc.invest
Subject: Re: Is IBM stock worth buying?
Date: 15 Apr 92 22:37:48 GMT
Reply-To: tucker@shiva.hac.com (George Tucker)
Organization: Hughes Aircraft Co., El Segundo, CA

In article <1992Apr15.164527.5963@usenet.ins.cwru.edu> bl528@cleveland.Freenet.Edu (Ken Meinken) writes:
>
>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.

If that is the opinion of someone bearish on IBM, then it must be
a pretty good investment.  It will be up 50% when the Dow is up
25-30%.  Let's hear what the IBM bulls say!


	George Tucker        tucker@kali.hac.com
		Just say NO to incumbents.
From: tcashin@zeus.ladc.bull.com
Newsgroups: misc.invest
Subject: Investing in rental housing
Date: 8 Apr 92 21:55:42 GMT
Reply-To: Tim_Cashin@l66a.ladc.bull.com
Organization: Bull HN Information Systems Inc. Los Angeles Development Center


My SO and I have a home in a small, but popular, Rocky Mountain college
town where she was grew up and we're thinking about getting started in the
rental business there by buying a condo/townhouse. Say we have the following
scenario:
  
    $50,000 condo, $10,000 down @ 10% for 25 years ...
    break even on monthly rent
    depreciation @ $2000/year for 25 years
  
Lets also say we have sufficient income to cover payments should it  not be
rented and the down payment is part of well balanced portfolio of cash and
stock/bond mutual funds (thanks in part to m.i.). And our only debt is the
mortgage on the home mentioned above.
  
We see our possible options as being:
  
   1. Staying out of the rental business all together and investing elsewhere
   2. Using our cash as a down payment
   3. Borrowing the $10,000 as a home equity loan
       on the home we already own there for the down payment
  
I tend to lean toward #3 so we  keep our cash reserves up,we get an
additional interest deduction, and the home equity payment is affordable 
for us and could possibly be cover by rental income.
  
Anyone have suggestions or insights that can help us make a decision ?
Are there possibilities that we're not considering?
  
Thanks in advance
  
Tim
Tim_Cashin@l66a.ladc.bull.com
Newsgroups: misc.invest
From: jprice@eecs.cs.pdx.edu (James Price)
Newsgroups: misc.invest
Subject: Re: Little Dollars to Invest...
Date: 8 Apr 92 20:04:48 GMT
Article-I.D.: pdxgate.5290
Organization: Portland State University, Portland, OR

In article <6218@public.BTR.COM> timlee@btr.com (Timothy J. Lee) writes:
>jprice@eecs.cs.pdx.edu (James Price) writes:
>|   I think that $100/month investor would have one heck of an easier
>|time with mutual funds than CDs.   ...                        The
>|difference between interest rates for $100 CDs (are there such things?) and
>|mutual fund returns is something to take into consideration.
>
>Yes, such things do exist.  Many small savings and loan associations
>offer them, at good rates.  The big banks are mostly not interested
>in the little guys, except to suck big fees out of them.
>
>CDs and (stock) mutual funds are so different risk and return wise
>that a direct comparison makes no sense.  Only when considering one's
>total situation (other assets, risk level, etc.) can a comparison be made.

  Indeed, they do exist. I was curious, checked around and found a mention 
of them in _Kiplinger's Invest Your Way to Wealth_. So they could be
an option in that case.

  I do think that there are bond mutual funds that have virtually
identical risk and even higher returns than CDs. A conservatively
chosen bond fund may make as much sense as CDs to this small $100/mo
investor. I don't mean to equate them, or to imply that they are
similiar vehicles, just that they are nearly as safe...the real difference
of importance to the smalltime investor may be that the bond mutual fund
is a much more liquid investment than the CD would be, although, again,
it is the function they serve in the portfolio that must be considered.

James
Net: jprice@jove.cs.pdx.edu       "Justice is incidental to law and order."
Globe: 45 31 25 N 122 40 30 W                          - J. Edgar Hoover
Unity not uniformity | NBC = GE   "Reading musses up my mind." - Henry Ford
Newsgroups: misc.invest
From: stgprao@xing.unocal.com (Richard Ottolini)
Subject: Re: Ross Perot
Originator: stgprao@xing
Organization: Unocal Corporation, Anaheim, California
Date: Thu, 9 Apr 1992 15:14:52 GMT


This happened in Roman times where very wealthy men could buy their way into
political positions, e.g. Crassius.
In modern times it has been more the other way around- people acquire power
then fantastic wealth, e.g. Marcos.
From: timlee@public.btr.com
Newsgroups: misc.invest
Subject: Re: Yes I DO trust a bunch of perfect strangers to advise me...(long)
Date: 11 Apr 92 04:54:22 GMT
Reply-To: timlee@btr.com (Timothy J. Lee)
Followup-To: misc.invest
Distribution: usa

markh@sag4.ssl.berkeley.edu (Mark Hurwitz) writes:
|	So, net_folks, what do you think?   Where are the U.S. and/or world
|economic conditions heading?  Is this a good or bad time to borrow 
|1/4 Million $ and gamble it all on the San Francisco real estate market?  

Purely from an investment point of view, margining oneself to the
limit and putting it all in one basket is too risky for many people.

But there is a mitigating factor of replacing rental payments and
eventually eliminating them when the mortgage is paid off.  Whether
this factor is of value depends on how long one plans to live there.
From: prabhak@cs.umn.edu (Satya Prabhakar)
Newsgroups: misc.invest
Subject: Let us bet on Monsieur Marty Zweig (Re: Stocks newsletter. Netletter!)
Date: 14 Apr 92 21:11:19 GMT
Organization: University of Minnesota, Minneapolis, CSci dept.

(Robert Burgin) writes:
>> (Satya Prabhakar) writes:
>>
>>But if you were to pay commisions on your 200 shares everytime you
>>sell or buy based on the 'revered' Zweig's recommendations, you will
>>have done much worse than stcking with an S&P 500 index fund. 
>
>	No, Satya.  When Hulbert calculates the performance
>	of a newsletter's recommendations, he includes commissions.
>	So when Hulbert says that Zweig and a handful of others
>	have beaten the market over the past 11 years, these
>	things have been taken into consideration.

I was wrong! Zweigs performance did take commissions into account.
Sorry for asserting the contrary without proper verification!

>	What's important to remember, though, is that only a
>	handful of newsletters have been able to do this.  The
>	vast majority of newsletters have failed miserably.

True! And I ascribe this to chance! To back up my claim, I am willing
to bet that Dr. Zweig will *not* be able to repeat his performance
over the next two years; I am even willing to give 2:1 odds. Let
me make this easier for the willing gambler: he will underperform
the S&P 500 by atleast two percentage points. Any takers?
For point of reference, let us take his Zweig Fund that is traded on 
NYSE.

I am firm believer of the random walk theory. I am not suggesting
that every one should believe in it, but I feel that no investor
is complete without atleast browsing through the following book
once.

    A Random Walk Down Wall Street by Burton Malkiel
    (W.W.Norton and Company)

Satya Prabhakar (satya@ssdc.honeywell.com)