HDTenEightyP/NetNews huggingface dataset:
From: gary@cdthq.UUCP (Gary Heston)
Date: Wed, 11 Nov 92 21:27:36 CST
Organization: Garys' Home for Obsolete Computers

cooper@casey.ColumbiaSC.NCR.COM (Bob.Cooper) writes:

> What are peoples thought on the Food Lion ordeal?  There have been may
> times in past history where bad news sent the stock sharply downward for
> a short while only to be followed by steady increase back to earlier
> levels.  Didn't Union Carbide fall into this catagory?

Presuming you're referring to the Bophal thing, I believe UC was in
the position of being a basically sound company that suffered some
*very* bad publicity due to two acts of stupidity; one on the part
of some UC employees, and one on the part of the residents of Bophal
(when the warning sirens went off, all the residents started running
*toward* the plant to see what was happening). The majority of UC was
not and has not been run in that manner.

In the case of FL, it seems to be a basically scurrilous company,
with pervasive problems, rather than an isolated incident.

In both cases, the stocks will almost certainly go down. In the case
of UC, it would rebound shortly. I doubt that FL will rebound very
quickly, if at all.

Gary Heston, at home....
gary@cdthq.uucp
Newsgroups: misc.invest
From: mattern@mars.lerc.nasa.gov (Duane Mattern (Sverdrup))
Subject: Custodians for Self Directed IRA's...any suggestions?
News-Software: VAX/VMS VNEWS 1.41    
Keywords:  IRA, Custodians
Organization: NASA Lewis Research Center
Distribution: usa
Date:  8 Nov 1992 19:33 EDT  

I'm in the process or rolling a couple of CD IRA's and I'd like
to set-up a Self Directed IRA with a suitable custodian.  I've
heard that Fidelity and Olde will do this for you but I've
two questions:

1)	Has anyone had any good experiences with brokers for
	self directed IRA's.
2)	Is it possible to used Dividend Reinvestment Programs
	to by-pass the broker but still use the investment
	as an IRA?

Duane Mattern	(mattern@mars.lerc.nasa.gov)	(216)433-8186
Sverdrup @ NASA Lewis Research Center, Cleveland, OH 44135


Newsgroups: misc.invest
From: floydb@rpi.edu
Subject: re: "Coupon Rates" vs "Market Rates"
Date: Tue, 10 Nov 1992 20:34:39 GMT

Yet another angle was recently presented, wherein the author
noted the "duration" factor, inwhich the (presumably) decreasing
NAV enhances the reinvestment cycles. As NAV drops, reinvested
distributions buy more shares of the fund, at some point
(duration) this outstrips the negative of dropping NAV with
respect to the expected term of investment, presuming some
constants. I am not quite clear on the concept, but it does seem
plausible (given my experience with other types of funds).

The fact that one wants distributions reinvested seems to play
a significant role in deciding on a bond fund (junk or otherwise)
vs stock mutual funds. 

It would seem that there is no simple answer, but my concern 
remains; What is gained and lost by investing in a high-yield
high-risk bond fund during a period of (presumably) increasing
coupon rates/decreasing bond prices?



Everyone seems to think that NAV will decrease (though new
bonds could sell at a premium to match lower old coupon rates). 

Reinvested distributions will buy more shares per dollar as 
coupon rates increase (presuming new bonds don't sell at a
premium).

Thus, if one is interested in buying and holding a bond fund
investment for a few years, reinvesting all distributions, it
would seem that it doesn't matter if coupon rates are rising or
falling. Comments?

If one is interested in collecting distributions in cash, does
the actual amount of the distribution (e.g. $5) change with changes 
in coupon rates or only the relative amount (i.e. 5%)? Comments?

It would seem that only upon redemption does the NAV have any
real impact on your investment, and only if redeemed over
short periods of time from  the time of initial investment 
(during which time NAV probably won't be adjusted due to a 
distribution)? Comments?

So far so good?

thanks

barry
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Newsgroups: misc.invest
Subject: Re: A waste: putting money in savings A/C..
Date: 12 Nov 92 18:01:19 GMT
Distribution: usa
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Originator: acheng@shalom.ncsa.uiuc.edu


In article <1992Nov11.080858.15997@netcom.com>, mbk@netcom.com (Miles Kehoe) writes:
>...
>Now if I could just figure out how to get exempt from social
>security and still get a million bucks retirement pensions
>like congressmen and women.

Obviously you have missed the last train a week ago.  About 535 of them
just signed up for that program.  Next signup day, Nov 1st, 1992.  :-)
Newsgroups: misc.invest
From: walt@drd.com (Walt.Gaber)
Subject: change in 401K contribution limits?
Organization: DRD Corporation
Distribution: usa
Date: Sat, 14 Nov 1992 00:49:43 GMT


Word just filtered down from our plan administrator of another change
in the 401K rules as specified by the IRS.  I was wondering if the
following is accurate and if anyone else had heard of it.

In the past, two limits were placed on contributions:
    a) individual contribution <= $8,728   (1992's number)
    b) individual+employer contribution <= 25% of gross income

Now I am told that the 25% ceiling is based on the income *exclusive* of
your individual 401K contributions, not the gross.

  G = gross
  I = individual contribution
  E = employer contribution
  T = total contribution = I + E


           old rule:                   new rule:
 
           T <= 0.25G                  T <= 0.25(G-I)
         I+E <= 0.25G                I+E <= 0.25G - 0.25I
           I <= 0.25G - E          1.25I <= 0.25G - E
                                       I <= 0.2G - 0.8E

For G = 30,000 and E = 1,000:

           I <=  6,500                 I <=  5,200
           T <=  7,500                 T <=  6,200

For G = 40,000 and E = 2,000:

           I <=  8,000                 I <=  6,400
           T <= 10,000                 T <=  8,400

For G = 50,000 and E = 3,000:

           I <=  8,728                 I <=  7,600
           T <= 11,728                 T <= 10,600

Another way of looking at it (assuming no employer contributions), is that
under the old rule, with an income of $34,912 you could achieve the maximum
contribution, but now an income of $43,640 is required.

Can anyone confirm this?  When did it happen?  Why?

---

   walt.gaber@drd.com                                       (918) 743-3013
   DRD Corp., 5506 South Lewis Ave., Tulsa, OK 74105        (918) 745-9037 fax
From: dbernard@clesun.Central.Sun.COM (Dave Bernard)
Newsgroups: misc.invest
Subject: Re: General Motors
Date: 5 Nov 92 17:01:11 GMT
Reply-To: dbernard@clesun.Central.Sun.COM
Organization: Sun Microsystems

In article BM3@ra.nrl.navy.mil, wang@cedar.nrl.navy.mil (Dennis Wang) writes:

>Incredible isn't it.  They are going to take the one part of the company that works well and merge it back into the part that doesn't work....Well I guess that's why the
>president of GM gets the big bucks...
>
>---
>Dennis Wa
>Washington DC 20375-5000
>
>E-mail: wang@cedar.nrl.navy.mil
>Voice : (202)-767-3137	Fax   : (202)-404-7997'


Is the Saturn organization at all profitable?  They have billions invested, and
are advertising and spending a lot on support.  If not profitable, I understand
GM's reasoning- it has to sink or swim on its own.

Also, is the Saturn selling as well as the Taurus in the first couple model years?

Newsgroups: misc.invest
From: cmorris@Ingres.COM (Colin Morris)
Subject: Re: 401(k) Rollover Advic
Organization: Ingres, an ASK Company, Alameda CA 94501
Date: 9 Nov 92 18:06:08 GMT

In article <11328.951.uupcb@spacebbs.com> mark.stevens@spacebbs.com (Mark Stevens)  writes:
>
>'They' are not trying to protect us from ourselves.  This is the way
>the government is paying for the extention of unemployment benefits.
>
>It really ticks me off when the congress passes a law to cover some
>other benefit that they create.  They tried to do the same thing on
>helping the LA riot victims.  There really needs to be a line item
>veto to correct these type of situations.
>
I don't see why a line item veto would have been relevant here. The
reason this "sleight of hand" got enacted was the insistence by the
Administration that they would veto any unemployment extension that
wasn't fiscally neutral, or broke the "no new taxes" pledge.

--
Colin Morris       Ingres, an ASK company       cmorris@ws2s.ingres.com

"It's never too late to hate Luton Town" -- Danny Baker
Newsgroups: misc.invest,misc.invest.real-estate
From: markb@col.hp.com (Mark Barrett)
Subject: Re: Advice on refinancing wanted
Date: Thu, 12 Nov 1992 15:40:45 GMT
Distribution: usa
Organization: HP Colorado Springs Division

brahms@tdd.sj.nec.com (George Skillman  x2921) writes:
> I need some advice on my mortgage.  I own a townhouse in Reston, VA, that
> I rent out.  This is the relevant information on my mortgage:
> 
> 	Years remaining to pay off:      4
>     Approximate value of townhouse:  $110,000
>     Principal left on loan:          $30,000
>     Interest rate:                   10.5% fixed
>     FHA Insurance fee:               $30/month

   You are getting ripped-off on the FHA insurance fee.  (Isn't it nice
paying someone else's insruance premium?)  The minute you hit 80% 
loan-to-value the insurance should be dropped.  However, it is up to you 
to prove that number.  Look into a home equity loan for say $30000 for 5
years at 8.5%.  I don't know for sure, but the ads I see point out that 
lenders are quite willing to lend money with little up front costs for 
short term loans (5 years).  You may have to pay for an appraisal.  It 
all depends on what your current monthly cash flow is on the rental.  
The payment on the above loan is about $615.

Mark Barrett
markb@col.hp.com
Newsgroups: misc.invest
From: kjhart@pbhya.PacBell.COM (Kenny J. Hart)
Subject: Re: mutual funds investing in environment and/or infrastructure
Reply-To: kjhart@PacBell.COM (Kenny J. Hart)
Organization: Pacific * Bell, San Ramon, CA
Distribution: misc
Date: Thu, 5 Nov 1992 23:11:41 GMT

In article <SDL.92Nov5155323@rigel.linus.mitre.org> sdl@linus.mitre.org (Steven D. Litvintchouk) writes:
>
>Once Bill Clinton has become President and begins to enact his
>economic program, it is probable that companies that rebuild the U.S.
>infrastructure and/or help clean up the U.S. environment may profit
>from increased Federal spending in these areas.
>
>Can anyone suggest any mutual funds whose portfolios stress such
>companies and so are likely to benefit?
>
>
>
Oppenheimer (sp) has a Global Environmental fund that invests
both in the US and abroad in these exact companies that are
looking for.  The fund is down about $2.50 from less than 
a year ago, so the price looks attractive.........


-- 
  Kenny Hart               
  kjhart@pacbell.com      

Newsgroups: misc.invest
From: cep@taligent.com (Christophe Pettus)
Subject: Re: Indexing Capital Gains for Inflation
Organization: Taligent, a little subsidiary of two really big companies.
Date: Mon, 9 Nov 1992 23:14:53 GMT

In article <BxDtyI.4sC@cs.uiuc.edu> watanabe@cs.uiuc.edu (Larry Watanabe) writes:
>Pardon my ignorance, but is interest from a bank account taxed
>as income or as a capital gain (or neither?).

Income (interest income, to be precise), since technically there has
been no capital gain (the principal remains unchanged, and the interest
accumulates).
--
-- Christophe

"I draw the line at Styrofoam packing kernels, you sick pervert."
From: rlcarr@animato.network23.com (Rich Carreiro)
Newsgroups: misc.invest
Subject: Re: Concept of selling short.
Distribution: usa
X-NewsSoftware: GRn 1.16f (10.17.92) by Mike Schwartz & Michael B. Smith
Date: 9 Nov 92 19:33:15 EDT
Organization: The Other Side of Life

In article <1dc4g8INNko1@sixgun.East.Sun.COM> awang@sunpix.East.Sun.COM (Angus Wang - Sun NC Development Center) writes:
> I'm trying to understand the concept & details of selling a stock short,
> but have a few questions.  I understand that what you are basically doing

> Questions are :
> 
> 1. Who/What determines when you have to come up with those shares?  Can
> 	they be "called" at any time?

Actually, the broker borrows the shares, via other brokers, from other
margin account holders.  When the true owner of the shares sells his
shares or pulls them from a margin account, he must be given them back
immediately.  When this happens, your broker will attempt to re-borrow
the shares from elsewhere to maintain your position.  However, if he
cannot, he'll have to buy in your short position to return the shares,
regardless of market conditions.
> 
> 2. How does the IRS figure gains for taxing? Do you not get taxed on
> 	your profit until you have settled (which could be in a
> 	different tax year)?  Do you get hit with income in the year
> 	you sell short & then hit with gains in the year you settle?

Any gain/loss from short selling occurs when the position is closed
(i.e. when you buy back in).  However, it is ALWAYS a  SHORT-TERM
gain or loss, since the IRS defines holding time by the actual amount
of time you hold a security.  The only time you hold a security in
a short sale is the miniscule amount of time between when you buy in
to close out your position and when those just bought shares are turned
over to the broker for him to return.  Check out IRS Pub 550 (I believe).

-- 
Rich Carreiro                                  Home: (401)841-8514
rlcarr@animato.network23.com
uunet.uu.net!animato!rlcarr
From: jb6k+@andrew.cmu.edu (Joel Bloch)
Newsgroups: misc.invest
Subject: Re: WSJ: "Many Companies Sell Securities to Bolster Their Balance Sheets"
Date: 13 Nov 92 07:43:58 GMT
Article-I.D.: andrew.4f0yZSy00iV4A3KLRe
Distribution: usa
Organization: Doctoral student, English, Carnegie Mellon, Pittsburgh, PA

Companies have two ways to raise money externally. One is to borrow it
and the other is to issue more stock. Companies hire very high priced
economists to determine this. The advantage of stock is that the debt is
lower to the company. It's a calculation if dividends are less than
interest (with taxes considered) then issue stock. In a strong stock
market you can obviously raise more cash from the same amount of stock.
For many companies that is a major incentive to push up the price of
their stock. The result is that each individual sharehold owns less and
when earnings per share are released, they are going to be diluted (high
interest payments also affect earnings but not as obviously). The stock
is sold to anybody who wants to buy it. Brokerages firms sell it to
institutions and individuals. If you have a broker and want to buy the
stock without paying a commission, you can just call them up.
    I think the article was supposed to be optomistic because basically
its better for a company to issue stock over debt because debt is going
to be with them for a long time. The issuance of stock will affect short
term earnings but over the long term should be better for the company.
Newsgroups: misc.invest
From: scott@phylo.life.uiuc.edu (Snooky Fudge)
Subject: Re: comment about fidelity short term bonds
Organization: University of Illinois at Urbana
Date: Thu, 5 Nov 1992 21:02:58 GMT

Interest rates go up, bond yields go down. 
Interest rates go down, bond yields go up. 
The longer the term of the bond, the faster its yield fluctuates.

Due to the high cash flows into stocks and bonds,this is no longer valid:
The more attractive one kind of investment becomes, the less
others become.

              -OR, PHRASED DIFFERENTLY-

In the decades previous to 1980 during this century, bonds, commodities,
and stocks rose and declined in value in order.

--
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.
From: mcaldon@igc.apc.org (McAldon International Inc.)
Newsgroups: misc.invest
Subject: Re: General Motors
Date: 5 Nov 92 04:12:00 GMT
Nf-ID: #R:lfb8vtINN9dm@exodus.eng.sun.com:-1903730415:cdp:1426500291:000:667
Nf-From: cdp.UUCP!mcaldon    Nov  4 20:12:00 1992


|Ross Perot claims GM could have been fixed back when he tried to
|fix it, when "there was still time".  I remember this but don't
|remember the details.  Exactly what did Perot propose?  Would it
                         ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

No doubt the same he said he would do with the national economy.
Get under the hood with a screwdriver:-)   DMcKenzie
                           
|                        |     "Nobody ever went broke from     |    
|    mcaldon@igc.org     |   underestimating the intelligence   |
|                        | of the American public."  HL Mencken |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Newsgroups: misc.invest
From: edwardz@ecs.comm.mot.com (Edward Zhong)
Subject: Re: The TIC
Organization: trunking_fixed
Date: Thu, 5 Nov 1992 23:32:54 GMT

In article <1992Oct30.230325.14089@ntmtv> janet@ntmtv.bnr.ca (Janet Jakstys) writes:
>Hi Investors,
>
>I am just starting to get interested in investing and in the stock
>market.  So much terminology to learn...
>
>Here's my question...
>What is "THE TIC?"

if a security trades at a higher price than the last trade, we say the
security has a up tic;

if a security trades at a lower price than the last trade, we say the
security has a down tic;

one only can short a security on nyex and amex when it is having a up
tic. however, there is not such rule for nasdaq.

>Here's my stupid question...
>Does the New York Stock Exchange close for lunch?  If not, when does
>anybody eat?  Just curious!

most of the traders (or even brokers) don't eat lunch. they eat after
3.00pm when market are closed. i don't think people feel hungry when
they gamble :)


-- 
=================================================================================
Ed Zhong, Motorola Inc. (LMPS)      |  my money works for me;
edwardz@ecs.comm.mot.com            |  i work to make my money work for me.
From: TODD.JOHNSON@GTRI.GATECH.EDU (Todd B. Johnson)
Subject: SP 500 Data ? 
Followup-To: misc.invest
Organization: GTRI 
Date: Fri, 13 Nov 1992 17:55:36 GMT

Hello:  

I was wondering if there are any FTP sites that contain SP500 index data or
Dow Jones data out there?  Please e-mail to todd.johnson@gtri.gatech.edu.
Thanks in advance.

Todd
Newsgroups: misc.invest
From: beiley@haydn.Stanford.EDU (Mark A. Beiley)
Subject: International Specialty Products
Originator: beiley@haydn.Stanford.EDU
Organization: Center for Integrated Systems, Stanford University, California
Date: Mon, 9 Nov 92 23:03:45 GMT

I was wondering if anyone had heard of International Specialty Products?

I read about it in this month's issue of Money magazine and was considering
buying it.  They said it is an IPO that started off well, but its price
has been driven down lately as IPO's turned out of favor.  All I know
about it is that they make chemicals for tartar control toothpaste,
and for water proof cosmetics.  Has anyone heard anything about this
company?  Any info would be appreciated.

Thanks,
Mark
Newsgroups: misc.invest
From: henrik@stat.tamu.edu (Henrik Schmiediche)
Subject: Anyone know of fraudulent mutual funds?
Organization: Department of Statistics, TAMU
Date: Tue, 10 Nov 1992 20:06:43 GMT

     Hi,
I have heard that no one had ever lost money in a money market mutual
fund (I know there have been a case or two where the value of the
share dropped below $1, but that in those cases the fund picked up
the loss). Is this correct?

Also, are there many cases of fraud in mututal funds? I am not talking
about possible fraudulent securites a mutual funds might buy (unless
it is intentional), but of the actual mututal fund defrauding their
customers. Anyone know of specific examples - or a good reference on
the matter?

Posted or email replies are fine.

     - Henrik
--
Henrik Schmiediche, Dept. of Statistics, Texas A&M, College Station, TX 77843
E-mail: henrik@stat.tamu.edu  |  Tel: (409) 845-9447   |  Fax: (409) 845-3144
Newsgroups: misc.invest
From: clark@soldev.tti.com (Ralph Clark)
Subject: Re: PCFN to MYM9
Organization: Transaction Technology Inc.
Distribution: usa
Date: Sat, 7 Nov 1992 22:58:59 GMT

In article <1992Nov7.215413.15501@ttinews.tti.com> I carelessly wrote:

>So, what I need from a friendly reader of this group is a description of
>the comma delimited format of PCFN's FORMAT.DAT.
                                      ^^^^^^^^^^
Oops. Of course, what I meant was FINANCE.DAT.

Thanks again --- Ralph

Ralph Clark (clark@soldev.tti.com) {philabs|psivax|rutgers}!soldev!clark
Newsgroups: misc.invest
From: masimo@netcom.com (Michael Maas)
Subject: Re: Any opinions on Borland?
Organization: Netcom - Online Communication Services (408 241-9760 guest)
Distribution: misc
Date: Fri, 6 Nov 1992 05:21:45 GMT

In article <1992Nov5.205206.6561@cs.yale.edu> choo@cs.yale.edu (Young-il Choo) writes:
>Any opinions on how well Borland will do in the next year or two?  
>
>Their stock at 31 seems to be close to their recent low of 26 and far below
>their high of 86 not too long ago.  Any ideas on why the dramatic drop?  Is
>it just the economy or the influence of Microsoft?
>
>How are they doing with Paradox, dBase IV and Quatro Pro?  Will their sort-of
>alliance with WordPerfect ward off the domaination by the MS and Lotus?
>
>-- Young-il


I don't know how well their stock will do, but I do know a little about the
current situation.  I'm not sure just how they went from 86 to 40, but it 
appears to have taken place with their acquisition of ashton tate.

About 3-4 weeks ago they had moved rather slowly from the low 40's to the
high 30's.  Then one day a New York analyst panned the company based on
his (as it turns out incorrect) assessment of the potential success for
quattro pro.  Institutional investors started to leave the stock in droves
and it plummeted from 37 to 28 to 25.  It went quickly back to the 27-28 
level and since has slowly worked its way back to the 32-35 level.  This
week, WSJ had an article on a new Micrsoft product which will sell for 
695, but which Microsoft is selling for $99 until January in hopes of 
seeding the market and taking share away from Borland.  I think this is
primarily responsible for the weakness of the last week.

Borland has a strong manager in Phillipe Kahn, but one of his weak points
is an apparent disdain for the street.  Many software companies coddle
the analysts, Borland doesn't seem to play this game as well.

They have a tremendous potential in their technology in the database area
with a product they acquired with ashton tate called interbase.  whether
or not they can take advantage of the technology is a question that is not
yet answered.  Quattro pro is doing well, either tying or coming in second
to Excel, while Lotus for windows continues to lose ground.  

The other major problem they have is that they are late with their windows
dbms products.  When criticized for the lateness, Kahn made some remarks
that didn't endear him to the street, and it seems that most of  the
analysts take a pessimistic view of Borland rather than an optimistic.

The effect of being held in great percentage by institutions is that being
the sheep they are when one abandons the stock, the rest almost always
follow, making a mountain out of a molehill in the process.  This is why
Borland fell so fast when it did.  The fact that it recovered so much
in such a short time is evidence that the institutions once again 
overreacted.  Of such is the excitement of the stock market made.

These are my own (often not so humble) opinions.  

Mike Maas

Newsgroups: misc.invest