HDTenEightyP/NetNews huggingface dataset:
From: watanabe@milton.cs.uiuc.edu (Larry Watanabe)
Subject: Re: A RANDOM WALK DOWN WALL STREET...good book!
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Thu, 12 Nov 1992 18:37:24 GMT

schneid@uxa.cso.uiuc.edu (Mike Schneider) writes:

>The book "A Random Walk Down Wall Street" was very interesting
>reading, especially for anyone who thinks the can analyze
>some data and come up with a good *speculation* strategy.

>Burton Malkiel explains that speculating is trying to make 
>quick money, while investing is making money over the long haul.
>Further, he says that one can create a good investment strategy
>but not a good speculation strategy.  It appears that the good
>way to make money is to spread out your risk.

>The book is basically about why technical and fundamental analysis
>won't work, with many examples of exactly when and how it wouldn't work.
>Pretty good reading.

Malkiel's case against the fundamental analysis not working is
based on the "efficient market" theory. However, people often
overreact to bad news, which is why often strategies
like low P/E can outperform random choices.

Also, Malkiel is very careful to note that a
random strategy will perform as well as the AVERAGE money manager.
He does note that there are some exceptions to this rule.

>-- 
>!!! Mike Schneider *** schneid@jerry.stat.uiuc.edu !!!
>!!!     Assistant Manager of Systems Services      !!!
>!!!            Department of Statistics            !!!
>!!!   University of Illinois at Urbana-Champaign   !!!

-Larry Watanabe
Newsgroups: misc.invest
From: ajackson@ernie.Princeton.EDU (Andrew William Jackson)
Subject: Re: A waste: putting money in savings A/C..
Originator: news@nimaster
Organization: Princeton University
Distribution: usa
Date: Wed, 11 Nov 1992 01:58:17 GMT

In article <1992Nov11.014049.25983@novell.com> anand@novell.com writes:
>
>The Normal savings A/C in a bank gives less than 3% interest.
>The present value of inflation is approximately 3%.
>
>For $10,000 deposit, one will receive an interest of $300.00.
>If you are in the 33% tax braket,  $100 will go to Uncle Sam.
>You are left with only $10,200.00.
>
>If you adjust ($10,200) for inflation, it is equivalent to $9902.91.
>
>Eventually you lost: 10000 - 9902.91 = $97.09
>
>Am i missing something?.


No.  

- ajackson@ernie.princeton.edu
Newsgroups: misc.invest
From: jsw@microunity.com (Jeff Weinstein)
Subject: Torray Fund
Organization: MicroUnity Systems Engineering, Inc.
Date: Tue, 10 Nov 1992 23:20:57 GMT


  Does anyone out there have the phone number for the Torray Fund?  I want
to contact them for a prospectus...

	--Jeff
Newsgroups: misc.invest
From: dwight@iWarp.intel.com (Dwight McDuffee)
Subject: Amoco stock
Organization: Intel iWarp, Beaverton, Oregon, USA
Distribution: usa
Date: Thu, 5 Nov 1992 18:33:52 GMT


I've been following Amoco stock for awhile, and it has dropped
several points the last couple days.  Does anyone know if this
is due to a general ripple in natural gas stocks because of the
election, or is there a particular problem with Amoco?

Newsgroups: misc.invest
From: geopi@cbnewsh.cb.att.com (george.p.cotsonas)
Subject: Re: To the dude who inquired about Novell
Organization: AT&T
Distribution: usa
Date: Sat, 14 Nov 1992 00:31:32 GMT
Summary: P/E of 10.9     NOT!

In article <BxoDvy.MFG@cs.uiuc.edu>, watanabe@cs.uiuc.edu (Larry Watanabe) writes:
> ssr@siberia.cypress.com (Bapcha/FPGA) writes:
> 
> >Hey - Novell has 290M outstanding shares at $32
> >- a market valuation in excess of
> >[$9B] for a company with revenues in the $800-900M range.....
                            --------
> 
> According to these figures, Novell has a  P/E of
> (290 mill * $32)/(850 mill) = 10.9
> 
> which is pretty low for .... (etc)

Wrong. You've computed the price/sales ratio.

-- 
George P. Cotsonas
AT&T BL/CPL
att!hocpa!geopi
Newsgroups: misc.invest
From: njf1@moscow.uucp (24478-filippis)
Subject: Magna COpper
Organization: Bellcore, Livingston, NJ
Distribution: United States
Date: Wed, 11 Nov 92 13:38:25 GMT
Keywords: Magna Copper


Does anyone have an opinon on Magna Copper?

Newsgroups: misc.invest
From: lestrade@Ra.MsState.Edu (John Patrick Lestrade)
Subject: Re: Banks trouble?!!
Organization: Mississippi State University
Date: Fri, 6 Nov 1992 14:55:44 GMT

as@sgi.com (Ashmeet Sidana) writes:
>>Of course, I may be wrong, but I think the 1980-81 rate rise debacle that
>>crippled the thrifts sitting on long maturity gaps taught the world the
>>CYA principle as applied to fixed-income assets.

>What is the CYA principle?

>---Ashmeet Sidana

I believe it refers to protecting your vulnerable posterior.

--
John Patrick Lestrade        
cnesta::lestrade                       Let's try again in '96!
lestrade@ra.msstate.edu
From: ci483@cleveland.Freenet.Edu (Babu Narasimhan)
Newsgroups: misc.invest
Subject: Opinions/Advice needed on AAII & "SmartMoney"
Date: 13 Nov 1992 19:55:35 GMT
Organization: Case Western Reserve University, Cleveland, Ohio (USA)
NNTP-Posting-Host: hela.ins.cwru.edu


I received  some mail on AAII (Am. Assoc. OF Individual Investors) and
Smart Money a magazine that has been started by Dow Jones Group 
(publishers of Wall Street Journal). From the write up, both seem
to be interesting enough to subscribe. I would like to find out
if anyone has any specific comments on either of these publications
and do you think they are worth subscribing to.....unfortunately I
couldn't find both publications at my local library to evaluate
on my own.
From: jm0i@ns1.cc.lehigh.edu (JOSEPH ALOYSIUS MCVEIGH)
Newsgroups: misc.invest
Subject: Re: Invest Lingo
Date: 11 Nov 92 19:28:33 GMT
Organization: Lehigh University

levin6706@iscsvax.uni.edu writes:
>
>        Hopefully this request isn't too outrageous.  I'm currently in the
>process of researching the terms (i.e. lingo) that might be used among
>investment dealers, and in the market itself, for a thesis that I'm currently
>writing.  If you can be of any help please post here, or reply by e-mail.
>Thank you for your time and consideration.
>

"I got my dick ripped off" - "The position I was holding was pummeled by a
                              rapid and unexpected shift in the market, either
                              too quickly for me to unwind the position at a
                              minor loss, or while I was powerless to act."

I strongly recommend that you try to connect with some traders/dealers, so
that you can sit at a trading desk for a few days and pick up the "lingo"
first-hand. The best approach would be to spread it around among markets -
bonds (Treas & Corp), equities, options, commodities, et al., in that each
arena has its own patois, with the same term applying to different things
sometimes.
-- 
-------------------------------------------------------------------------------
Joseph Aloysius McVeigh | "In our mutual sincerity we might be able to show a
   jm0i@.Lehigh.edu     |  road to the salvation of America's very soul."
      "N.I.N.A."        |                                         - Malcolm X
-------------------------------------------------------------------------------
From: chang-mark-yan-ming@cs.yale.edu (Mark Yan-Ming Chang)
Newsgroups: misc.invest
Subject: Offset 401(k) Rollover Withholding
Date: 6 Nov 1992 13:18:14 -0500
Organization: Yale University Computer Science Dept., New Haven, CT 06520-2158
Distribution: usa
NNTP-Posting-Host: na-gw.cs.yale.edu


When they withhold some of the 401(k) money before giving you the check, can't
you just decrease your income tax withholding to offset it?

By the time you need to file tax return, withholding from 401(k) and
withholding from your income should do the same to pay your tax, right?

Mark
-- 
--- Mark (changym@cs.Yale.edu, decvax!yale!changym, changym@YaleCS.BITNET)
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest
Subject: Re: Investing in an Inflationary Environment?
Date: 5 Nov 92 21:16:52 GMT
Organization: U of Arizona CS Dept, Tucson

In article <sehari.720988561@class1.iastate.edu> sehari@iastate.edu (Babak Sehari) writes:
>Conventional wisdom say gold, but as you know conventional wisdom is not
>working anymore.

Didn't you used to be a gold bug?  Maybe, then, as a contrarian, I should
now be bullish on it.  :=}

>                  Therefore, I guess foreign currency and assets.  Specially,
>those of south east Asian countries, such as Korea, Japan.  Off course, this
>assumes that china does get very upset in future.
>
>                        With highest regards,
>                             Babak   Sehari.

Why do you (or others) prefer SE Asia over Europe? 
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Newsgroups: misc.invest
Subject: Re: Boycott Colorado
From: mzwick@vitro.com (Morris J. Zwick)
Date: 9 Nov 92 08:39:42 -0500
Distribution: world
Organization: Vitro Corporation

In article <1992Nov5.204645.17596@newsgate.sps.mot.com>
craigp@dolphin.sps.mot.com (Craig Petty) writes:
>Colorado has become the first to constitutionalize discrimination.  If you
>care about civil rights, please consider boycotting Colorado in all aspects
>(business, travel, etc).
>

I got an idea: How about not recognizing ANY groups as special. By separating
us all into categories, we are enforcing the kind of divisiveness that everyone
always seems to complain about. My opinion is that if you want to be gay,
straight, or whatever - fine, as long as you're not in my face about it. But
when we start talking about quotas and the like to correct "historic
discrimination", we are fooling ourselves into thinking that it will end
discrimination. If anything, we only create new groups dependent on government
largesse. I suspect that the majority of Colorado's voters felt this way.

BTW, if you want to boycott Colorado, fine; that's your perogative. Just
remember that the majority of voters in Colorado wanted this law; it's their
state and they can choose how think for themselves. You cannot enforce your
will by force. Perhaps your boycott will just strengthen their resolve.

         ___________________________________________________________________
        /  Morris J. Zwick	                 Internet: mzwick@vitro.com
__     /   Vitro Corporation	             Voice:    (301) 231-2784
  \   /    14000 Georgia Ave.                ___________________________
   \ /     Silver Spring, MD 20906-2972      |"I don't want the world; |
    *                                        | I just want your half!" |
                                             |  - They Might Be Giants |
From: kbalasub@sparcle.oracle.com (Kris Balasubramanian)
Newsgroups: misc.invest
Subject: TELEBRAS
Date: 10 Nov 92 18:02:21 GMT
Reply-To: kbalasub@sparcle.oracle.com
Organization: Sun Microsystems, Inc.
X-Disclaimer: This message was written by an unauthenticated user
              at Oracle Corporation.  The opinions expressed are those
              of the user and not necessarily those of Oracle.


Hi,
	This is a telephone company in Brazil. This stock is currently at
$14 and a low of $8 and high of 38. My broker is recommending this . Does any body
have any opinion about this stock? I will appreciate any input.

thanks
kris B
Xref: sparky misc.invest:13715 sci.econ:8641
From: bakken@cs.arizona.edu (Dave Bakken)
Newsgroups: misc.invest,sci.econ
Subject: Medium and Long-term Direction of the Dollar (esp vs Dmark)
Date: 13 Nov 92 18:03:37 GMT
Followup-To: misc.invest,sci.econ

The dollar has gone from 1.39 dmarks to about 1.60 in the
last two months, a gain of about 15%.  The conventional
wisdom has been that a Clinton administration would apply
fiscal stimuli to help get the economy going.  This rise in
the dollar is supposed to be because a Clinton win has looked
sure, and such stimuli are likely to increase inflation and
push up the US prime rate.

So what are the views of USENET readers (and the experts they read)
on the direction of the dollar in the next few months and years,
especially versus the Dmark?  Is the proposed fiscal stimuli
likely to indeed push the dollar up?  Or perhaps Clinton will
not be able to or actually want to do as much as has been 
proposed, and the dollar will fall due to decreased inflationary
expectations.  Or perhaps since Clinton seems to be postponing
seriously reducing the deficit for at least a few years, creditors
of the US will start to get nervous about being repaid and the dollar
will start to pay the price, so to speak.  From what I read the last
few days, the dollar seems to have hit at least a local maximum
against the Dmark at 1.60; it is now sliding down a bit.

Of course, anyone's predictions about the short-term direction
of any currency exchange should be taken with a grain of salt.
Wasn't it Keynes that lost a lot of money in currency speculation?

Thanks for any feedback!
--
Dave Bakken                               Internet: bakken@cs.arizona.edu
Dept. of Computer Science; U of Arizona   Voice:    +1 602 621 4098      
Tucson, AZ 85721; USA                     FAX:      +1 602 621 4246
The fact that you're paranoid doesn't prove they're *not* out to get you.
Newsgroups: misc.invest
From: yhari@uncc.edu (Yog Hari)
Subject: Re: Fod Lion
Reply-To: yhari@uncc.edu
Organization: University of NC at Charlotte
Date: Wed, 11 Nov 1992 21:17:33 GMT

In article 184210@pyramid.pyramid.com, jmuth@pyrps5.eng.pyramid.com (John Muth) writes:
>In article <1992Nov10.100617.15153@ncrcae.ColumbiaSC.NCR.COM> 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?
>
>Bob,
>
>Since I live in California and never heard of Food Lion before the ABC 
>report, all I know is what I saw on the report and what I've read in
>the WSJ. You are closer to the problem, so maybe there is something I 
>missed. That said, here it goes....
>
>Food Lion is accused of the worst possible thing a grocery chain can be
>accused of, knowingly selling tainted food. 
>
>If the allegations are true then Food Lion is dead and the only question is 
>whether anyone goes to prison.
>
>If the allegations are not true then it will take a heroic job of public 
>relations for Food Lion to recover. Unfortunatly Food Lion management
>seems hell bent on providing a case study on "How NOT to Manage a Public
>Relations Crisis".
>
>Of course the nearest Food Lion is about 1500 miles from here, so I have 
>no idea what sort of local public relations they are engaged in to
>deflect these allegations. From out here their response appears 
>pretty pathetic, however.
>
>-John Muth

John is a good example of what western consumers are going to think when food lion
moves out there.  What food lion just moved in town!  Are'nt they the ones that were
on ABC????  You could be a millionaire by now if you had invested just a little money
in food lion when it started.  I live in charlotte and there are FOod Lion's every
where here and I have never liked the store.  But my broker has told me stories
of little old ladies in Salsbury (small town) that have made millions on there
stock.  The bottom line is this:  Do you think that food lion will recover from
these allogations (child labor violations, worker's rights infringements, selling
expired food, and unclean practices in the deli) and if they do, do you think there
expansion out west will be as profitable as it was in the south.  If you think
they can overcome these, best of luck.....

Oh.. I also saw on your portfolio a guy who manages Pioneer Voyager who is buying
the stock..

Happy Investing

Yog Hari	yhari@mosaic.uncc.edu		fax 704 553 8795

Do buy food from a store that changes it's name From Food Town to Food Lion.....




Newsgroups: misc.invest
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Subject: Re: Offset 401(k) Rollover Withholding
Originator: acheng@shalom.ncsa.uiuc.edu
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Distribution: usa
Date: Thu, 12 Nov 1992 17:29:13 GMT


In article <1992Nov11.183402.2829@tandem.com>, pearson_steven@tandem.com (Steven R. Pearson) writes:
>But....WHY BOTHER?  If you are going to roll the money over anyway,
>why not take advantage of the custodian-to-custodian transfer?  I have done
>this with IRAs in the past, and it's really no big deal.  I believe the new law
>says your employer must cooperate and provide this as an option.  I think it
>is actually more convenient.  Sure, some folks have strange ideas about taking
>their rollover and putting it in the bank for 59-1/2 days and grabbing an
>interest "windfall."  Well, those fools are only fooling themselves.  They are
>stealing from their retirement, and besides, the interest is taxable.

That is right.  And also remember, IRA allows you taking rollover
only ONCE a year.  Be careful.
Newsgroups: misc.invest
From: watanabe@cs.uiuc.edu (Larry Watanabe)
Subject: Re: To the dude who inquired about Novell
Organization: University of Illinois, Dept. of Comp. Sci., Urbana, IL
Date: Fri, 13 Nov 1992 22:16:46 GMT

ssr@siberia.cypress.com (Bapcha/FPGA) writes:


>Hey - Novell has 290 Million (YES I checked with my broker today on that)
>outstanding shares at $32 each - a market valuation in excess of
>NINE BILLION DOLLARS for a company with revenues in the 800-900 Million
>dollar range.....

>Looks like a classic "BORLAND" to me !  Anyone out there bearish on 
>Novell ?

>-- 
>Bapcha - A very bad boy from Cypress Semiconductor
>3901 N.  First Strasse
>San Jose,  CA 95134, 408-943-2719

According to these figures, Novell has a  P/E of

	290 mill * $32
	--------------  = 10.9
	850 mill

which is pretty low for an expanding high-tech company with
good prospects.

This compares with a P/E of over 20 I think for the market as a whole.

-Larry Watanabe
Newsgroups: misc.invest
From: rcd@cbnewsj.cb.att.com (rana.c.dutt)
Subject: Nasdaq Electronic Exchange
Organization: AT&T
Distribution: na
Date: Fri, 13 Nov 1992 22:01:29 GMT
Keywords: Hibbard Brown, Treats International

Does anyone know how to get stock quotes of companies
trading on the Nasdaq Electronic Exchange?

Several Hibbard Brown brokers are pushing a Canadian
bakery franchise called Treats International, which
only trades on the aforementioned exchange.

Thanks,

Rana Dutt
rcd@mtqua.att.com

P.S. I've heard that mail bounces to the cbnews
servers, so please reply to the above email address instead.
From: cro69@cas.org
Newsgroups: misc.invest
Subject: BUY COLORADO
Date: 6 Nov 92 16:24:15 GMT
Article-I.D.: cas.1992Nov6.162415.29554
Organization: USA

I think a counter-boycot is called for in this case.  The "anti-discrimination"
bill was designed to prevent homosexuals to declare themselves a minority and
therefore the right to quota's in employment and special favors.  Any actions
of discrimination towards homosexuals is still prohibited by various other
local, state and federal laws concerning civil rights, etc.  This law is
designed to prevent excessive lawsuits and the costs incured by the state,
not to mention the costs that businesses and individuals would have to incur
to defend themselves against activities by organizations such as "Act Up", etc.
Buy Colorado: support your rights

An Individual's Opinion- also protected by Federal Laws.....
From: lbrodie@hpscit.sc.hp.com (Les Brodie)
Date: Mon, 9 Nov 1992 23:13:55 GMT
Subject: Re: General Motors
Organization: Hewlett-Packard, Santa Clara, CA
Newsgroups: misc.invest

See Monday, Nov 9 Wall St. Journal's "Heard on the Street" column for a
synopsis on GM.  Various investment views are given.  John Neff (a very
well known value guy) does not own any and apparently thinks it is 
hard to analyze.
Newsgroups: misc.invest
From: markt@rocky.gte.com (Mark Tsombakos)
Subject: L.C.Wegard - Comments?
Organization: GTE/SCSD - Needham Heights, MA
X-Newsreader: TIN [version 1.1 PL6]
Date: Fri, 13 Nov 1992 13:06:48 GMT


Apologies on:

I didn't see an FAQ for this group, and have a question about a particular
investment company.  If this isn't the place for it, so sorry!

I have been hounded by a broker from L.C. Wegard & Co. out of Pennsylvania.
Anyone heard of this company?  Good, bad, indifferent?  Reputation?

Thanks for any info.  Please reply by mail.

Mark

--
Mark Tsombakos
GTE - Special Systems
markt@rocky.gte.com
Newsgroups: misc.invest
From: mbk@netcom.com (Miles Kehoe)
Subject: MEMOREX-TELEX and EDS??
Summary: What's up with Memorex-Telex? Any EDS connection?
Keywords: EDS MEMOREX TELEX
Organization: Netcom - Online Communication Services  (408 241-9760 guest) 
Date: Wed, 11 Nov 1992 08:04:09 GMT

In this week's PC Week, Spencer Katt's column implies some
connection between Memorex-Telex and EDS... actually it's
written very poorly, and sort of implies that EDS is 'not
going to be paying the bills for' Memorex-Telx as he seems
to have implied last week. 

I missed last week's column... tho I hold MEMXY and think it's
not a bad turnaround opportunity. It's gone from $0.31 to 
$0.90 or so over the last month - and they've come out of
chpt 11 and are profitable again, I believe.

Anyoine heard anything about MEMXY, EDS, Katt or any
related stories?

Thanks!

Miles
From: cmorris@Ingres.COM (Colin Morris)
Newsgroups: misc.invest
Subject: Re: 401(k) Rollover Advice
Date: 5 Nov 92 22:40:37 GMT
Organization: Ingres, an ASK Company, Alameda CA 94501

In article <1992Nov5.213206.25540@hal.com> ables@hal.com (King Ables) writes:
>>> (1) Taxes are due on the 401(k), plus a 10% penalty for early withdrawal,
>>>     and these will be removed BEFORE the check is written.
>> 
>> This is wrong.  You can get the check cut with no withholding if you put on the
>> form you fill out that you intend to roll it over into another account or another
>
>Well, I've been told that there is a new law taking effective on Jan. 1
>where they automatically withhold if you take the check by hand... I *hate*
>it when they try to protect us from ourselves.   Probably too many people
>thought "I know, I'll tell I'm going to roll it so they give me the full
>amount and then I'll just keep it and nobody will be the wiser."  I'll bet
>they were surprised come April 15.
>
Indeed this forced withholding does take effect from January 1st. And
its motivation was not to protect us from ourselves. It was one of the
ways that was found to fund an extension to unemployment benefit
without "raising" taxes elsewhere. Th bet was presumably that enough
people would take possession of the 401(K) rollover funds to make a
sizable chunk of interest-free loan to the government.

The insidious side of the change is that although you'll only get 80%
of the funds given to you (because of the 20% withholding), you'll
have to find 20% of the value of your rollover from other sources in order
to avoid a penalty for not rolling over everything within 60 days.
Simply don't take possession of a 401(K) funds after Jan 1st...

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

"It's never too late to hate Luton Town" -- Danny Baker
From: meyers@lorenz.ocean.fsu.edu (Steve Meyers)
Newsgroups: misc.invest
Subject: Hot Ideas?
Date: 12 Nov 92 18:21:11 GMT
Organization: Florida State University


Anyone other private investors out there care to post hot investment 
ideas (along with the reasons they're hot)? 

Here's one of mine:

GNLB: A medical research company. They recently have gone into 
late stage trials on several anti-viral medicines. Could 
take off in a year or so but it might crash if their medicines are 
not approved. 


-Steve
Newsgroups: misc.invest