HDTenEightyP/NetNews huggingface dataset:
From: jdavidso@teknowledge.com (Jim Davidson)
Newsgroups: misc.invest
Subject: Re: Need Rate of Return formulas
Date: 27 Jul 92 20:31:08 GMT
	<JDAVIDSO.92Jul26224949@alfred.teknowledge.com>
Organization: Cimflex Teknowledge Corporation, Knowledge Systems Division
In-reply-to: jdavidso@teknowledge.com's message of 27 Jul 92 05:49:49 GMT

In article <JDAVIDSO.92Jul26224949@alfred.teknowledge.com> jdavidso@teknowledge.com (Jim Davidson) writes:

> There's been some discussion lately about tools for calculating return on
> investment, and for managing investments in general.  Let me put in a plug
> here for PFROI.
> 
> It's available from Techserve, Inc; Box 70056; Bellevue, WA 98007.
> Phone # is (206) 747-5598 or (800) 826-8082.
> 
>   <description of PFROI deleted>

Let me add a few things to my earlier posting, based on some e-mail questions.

It runs only on the PC, as far as I know.  No mention of a Mac version.

If you want something equivalent on the Mac, check Quicken.  Last time I
looked they were up to V3, which (I believe) lacked the investment management
capabilities.

More on PFROI: besides the stuff I mentioned earlier, it can handle things
like estimated tax, importing data from other packages (including Quicken),
and downloading stock quotes from many of the standard sources.

Usual disclaimers.

-Jim
From: ajayshah@almaak.usc.edu (Ajay Shah)
Newsgroups: misc.invest
Subject: Re: Cray Computer: When to bail out?
Date: 25 Jul 1992 18:09:14 -0700
Organization: University of Southern California, Los Angeles, CA
Distribution: usa
NNTP-Posting-Host: almaak.usc.edu

eric@tfs.com (Eric Smith) writes:

>I think Microsoft is interesting for the next decade.  Right now it

They probably have feet of clay.
Never has the PC market known real "OS" choices like they do today.
Earlier, the option to running MS-DOS was writing your own monitor.
Today there is (or will soon be) : MS-DOS, DR-DOS, Windows 3.x,
Windows NT, OS/2 2.0, Desqview, Desqview/X, Linux, Solaris, Nextstep.

I can't think of a time when the market share of MS products in the
Intel market has been smaller.  Soon the peasants might even realise
they've been had :-)

        -ans.
-- 
Ajay Shah, (213)749-8133, ajayshah@usc.edu
Newsgroups: misc.invest,sci.econ
From: dkulkarn@haydn.helios.nd.edu (Dinesh Kulkarni)
Newsgroups: misc.invest
Subject: Odd lot - does it make sense ?
Date: 22 Jul 92 16:58:42 GMT
Distribution: usa
Organization: University of Notre Dame, Notre Dame


I have a bsic question about the no. of shares per trade.

Does it make sense to buy an odd lot of shares (<100) ?  Does it create
problems if you try to sell the stock at market rate (instead of a limit
order) ?  Are these problems lower in case of a blue-chip stock like
AT&T or IBM ?

Thanks

Dinesh
Newsgroups: misc.invest
From: sombar@cactus.org (Steven Sombar)
Subject: MFIA (Fidelity) query
Organization: Capital Area Central Texas UNIX Society, Austin, Tx
Date: Wed, 29 Jul 1992 18:55:02 GMT


I recently received a flyer inviting me to join the "Mutual Fund 
Investor's Association", a group of "Independent Fidelity (Funds)
Investors.  Over 50,000 Members".

Does anyone have an opinion of this group?  Is it worth the
1-year membership fee of $99?

Thanks,
 Steven Sombar  (512)258-3583   sombar@cactus.org  -or-
                                sombar@netmail.austin.ibm.com
From: shekita@yeti.almaden.ibm.com (E. Shekita)
Newsgroups: misc.invest
Subject: Re: Windows takes over the World!
Date: 29 Jul 92 23:18:34 GMT

> One could appreciate the dominance of Windows from another perspective.
> The installed base of ALL unix workstation combined is somewhere 
> around 1 million (+/- 30%)...

Actually, I think there are more Unix boxes out there than that.
Here are some marketing numbers that I happen to have at hand
for just 1991:

  Estimates of Workstations & Workstation Server Units Shipped in 1991
  (Worldwide)

  VENDOR             SHIPMENTS    %GROWTH 90-91
  ----------------  ----------  ----------------
  Sun                 190,000     30.1
  Hewlett-Packard      80,000      5.9
  Digital (DEC)        69,000      7.8
  IBM                  40,000    143.8
  NeXT                 32,000    190.9
  Silicon Graphics     13,300     37.3
  -others-             62,615      6.9
  ----------------  ----------  ----------------
  TOTAL               486,915     27.2
Xref: sparky misc.invest:9926 sci.econ:6559
From: bhoughto@sedona.intel.com (Blair P. Houghton)
Newsgroups: misc.invest,sci.econ
Subject: Re: Should we limit the shorts life time.
Date: 26 Jul 92 21:37:11 GMT
Organization: Intel Corp., Chandler, Arizona

In article <geQSbPe00VpZ4B_lNW@andrew.cmu.edu> Thomas Omar Smith <ts2a+@andrew.cmu.edu> writes:
>Besides, if you stopped all shorting, that would decrease demand, and
>prices would drop (but I doubt it would be a huge effect).

I think you've got that backwards; eliminating shorting reduces
supply (all those promissory shares are gone) and therefore the
price of a real share should rise.

				--Blair
				  "If my news software ever makes a
				   margin-call on this account I'm
				   going to have to head off tot the
				   Cayman Islands or UIUC or somewhere
				   like that..."
From: hkk38381@uxa.cso.uiuc.edu (Arthur Kwok)
Newsgroups: misc.invest
Subject: Re: British Pound rates
Keywords: Exchange Rates
Date: 27 Jul 92 17:15:43 GMT
Distribution: misc.invest
Organization: University of Illinois at Urbana

proberts@informix.com (Paul Roberts) writes:

>In article <Brx4oo.DB1@news.cso.uiuc.edu> hkk38381@uxa.cso.uiuc.edu (Arthur Kwok) writes:
>>rot@mickie.id.macsch.com (Rohit Thukral) writes:
>>
>>>In article <1992Jul24.162517.3719@cco.caltech.edu>, watson@sampson.ccsf.caltech.edu (Stephen H. Watson) writes:
>>>|> 
>>>|> I.e., is the dollar going to get weaker against the Pound anytime
>>>|> soon, or is it expected to strengthen?  (Just a simple question :-).
>>>|> 
>>
>>>The major central banks have been buying up dollars ever since
>>>German interest rates went up. I suspect that this monetary
>>>intervention will continue to support the sagging dollar.
>>>I wouldn't rush out to buy pounds today.
>>

>Isn't in almost axiomatic that there can be no rational concensus that
>the pound can be expected to (a) go up, or (b) go down, because if there
>were, then the pound would immediately (a) go up, or (b) go down as
>people acted on this expectation?

The pounds won't go up immediately 'cause the FXspot market is not based only
on expectation. The actual supply and demand of the currencies is very
important. Here, I am not talking about money supply. People who do business
in/with other countries need to buy the the currencies of those countries.
Do they buy on expectation??? No. But they do hedge against the currency
fluctuation in the forward/future market. They account for a big portion
in the spot market, but they are not the market mover. Then, we have
the international investors. They locked in the high interest rate by
investing in the European bonds. In order to buy the bonds, they need to
buy the currencies in the spot market. This creates a demand for the European
currencies. This actual demand drove up the currencies. That's why we saw
1.4400 German Mark last Monday. Of course, they would have expected the
pounds to come down later. That's why they would sell it short in the
forward/future market. Will the market go up immediately with this
expectation???

I agree that there is no sure way to make money here. Most of the
short-term trend are created by the speculators. People do predict.
(Like me.) But in the FX market, there is more to do than expectation.
From: jimo@cisco.com (Jim Oneil)
Newsgroups: misc.invest
Subject: Re: "Flash memory"
Date: 21 Jul 92 06:03:08 GMT
Organization: cisco Systems, Incorporated
X-Disclaimer: The views expressed in this message are those of an
	      individual at SRI International, and do not necessarily
	      reflect those of the company.

In article <1426500222@igc.org>, McAldon International Inc. <mcaldon@igc.org> writes:
|> 
|> A few days ago, the LA Times quoted a Goldman-Sachs analyst as saying
|> AMD and Intel were leaders in "flash memory."  Is this true?  And just
|> what is the future for flash memory?  Is it related to the "bubble
|> memory" of a few years back?   DMcKenzie
|> 
|> |    mcaldon@igc.org     | Opinions dispensed herein not guaranteed |
|> |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|> 

Flash memory is nothing like the bubble memory hype of the
past.  It is an advance of the EPROM technology with the
flexibility of in circuit erasability of EEPROM.  It is 
cost effective for products of certain types where storage 
requirements are less than the smallest disk drives.

Intel and AMD are leaders today.  Others are starting to 
get interested in making the products.  

-Jimo
Newsgroups: misc.invest
From: greg@gregm.NoSubdomain.NoDomain (new user)
Subject: Re: Should we limit the shorts life time.
Organization: Intergraph Corp. Huntsville, AL
Date: Thu, 30 Jul 1992 12:22:44 GMT


I wrote:
GM> Most of the news...regarding 'shorts' is that the market for 
GM> [... ] is *up* due to shorts covering their postitions.  

sehari@iastate.edu (Babak Sehari) pontificates:
BS> Short covering is reverse of shorting a stock.  They are not 
BS> the same thing.

Gosh, I didn't know that.  I thought they were the same thing, sort
of like accelerating and decelerating they're the same thing too?

You completely ignored the issue of whether shorts usually result in
higher markets.  When they guess wrong, they have to enter the market 
long. 
--------------------------------
BS> Shorts does not increase the liquidity, they just drive the prices 
BS> down.  They increase the supply, with little change in demand.

Well, if you are going to propose dissallowing shorts, perhaps we should
dissallow long postitions.  After all, people who buy long ruin *my*
chances of getting a cheap price for the stock I want to buy.  They just
drive the prices up, with their evil constriction of supply.  Now, those
'short people' - blatantly selling into the market provide me with some
dandy opportunities to buy at a much cheaper price - thanks H.R. Perot!
--------------------------------
BS> When you loan money, you have to pay it back in a given time, but 
BS> when you loan stock you could hold on to it almost indefenetly.

Wrong.  If you establish a credit line, you may keep the money as long
as you want it as long as you service the loan.
--------------------------------
@bnr.ca (Brent Buckner) writes:
BB> Second, closing short positions requires purchasing stock.  
BB> This can mitigate a crashing price.

BS> However, since there is no guide line on when such thing 
BS> should happen, the market could be manipulated.

There are plenty of guidelines on this.  Previous posters have mentioned
that if the price of the stock is crashing, your position will be closed
out - unless you can cover your position.  You have conveniently chosen
to gloss over this.
--------------------------------
keith@iscp.Bellcore.COM (Keith Hawkins) posts:
KH> why should someone be restricted from going short ?

BS> but when you are selling the company short, you are decreasing 
BS> it's value, it's potential for attracting capital, and the 
BS> investors invested on that company.

People do not short stocks in a vacuum.  If large numbers of people are
shorting stocks - driving the price down, it's because the stock is
overpriced for some reason (probably mismanagement).  If the shorts are
wrong, they have just provided everyone else with a wonderful 
opportunity to pick up a (fine) stock at reduced prices.
Newsgroups: misc.invest
From: rot@mickie.id.macsch.com (Rohit Thukral)
Subject: Re: PepsiCo
Reply-To: rot@mickie.id.macsch.com
Organization: MSC, Los Angeles
Date: Thu, 30 Jul 92 17:39:10 GMT

In article <1992Jul30.154028.29063@usenet.ins.cwru.edu>, aa536@cleveland.Freenet.Edu (Alayne M. Whaley) writes:
|> 
|> On Tuesday, 7/28, PepsiCo stock went up 1 /14....And, volume was 
|> quite heavy it seems.  
|> 
|> Any idea about the reason for the upturn?  
|> 

Some analyst turned in a "buy" recommendation citing good performance
in all of PepsiCo's three divisions - soft drinks, snacks and restaurants.

Rohit

-- 
#include <StdDisclaimer.h>
From: toddc@cray.com (Todd Crowe)
Newsgroups: misc.invest
Subject: Re: Cray Computer: When to bail out?
Date: 28 Jul 92 16:33:25 GMT
Distribution: usa

philco@microsoft.com (Phillip Cooper) writes:
>In article <l73upqINNiop@almaak.usc.edu> ajayshah@almaak.usc.edu (Ajay Shah) writes:
>>eric@tfs.com (Eric Smith) writes:
>>
>>>I think Microsoft is interesting for the next decade.  Right now it
>>
>>They probably have feet of clay.
>>Never has the PC market known real "OS" choices like they do today.
>>Earlier, the option to running MS-DOS was writing your own monitor.
>>Today there is (or will soon be) : MS-DOS, DR-DOS, Windows 3.x,
>>Windows NT, OS/2 2.0, Desqview, Desqview/X, Linux, Solaris, Nextstep.
>>
>>I can't think of a time when the market share of MS products in the
>>Intel market has been smaller.  Soon the peasants might even realise
>>they've been had :-)
>>

>Ajay,  Do you have statistics to back up this absurd claim?  I can't think
>of a time when MS market share has been bigger!  We have the huge majority
>in OS sales (Almost 100% of the DOS market, 20 times as many Windows sales
>as IBM has OS/2 2.0 sales).  We have the leading Windows spreadsheet and
>wordprocessor.  If you back up this claim with hard facts, I will be the
>first to apologize.  Otherwise, I will be waiting for your apology.

Phil,  Do you have statistics to back up this absurd claim?  I'm refering
to your Windows-to-OS/2 comparision.

>Phil "I'm not biased, even though I work for Microsoft :)" Cooper

I'll believe that when I see your statistics.  :)

- Todd Crowe
From: jr1@ElSegundoCA.ncr.com (Joseph Rayhanian)
Newsgroups: misc.invest
Subject: Question on open order to buy......
Date: 30 Jul 92 16:58:26 GMT
Reply-To: jr1@ElSegundoCA.ncr.com
Distribution: world
Organization: Teradata/NCR


Recently I put an open order to buy (good for 30 days) 326 shares of EVEREX
at 2 1/4 through my discount broker, Kennedy Cabot & Co.  

Two days ago, EVERX closed at 2 1/4, but when I checked to see if my order went
through, it did not.  

This is the second time this has happened to me.  Could this happen? or I don't 
understand something.

Thankx in advance.

Joseph Rayhanian
E-mail :   jr1@ElSegundoCA.ncr.com
Tel: 310-524-7098
From: stuczyns@presto.ig.com (Martin Stuczynski)
Newsgroups: misc.invest
Subject: Elementary question
Keywords: capital gains
Date: 27 Jul 92 22:57:11 GMT
Organization: IntelliGenetics Inc., Mtn. View, Ca.


An elementary question from a beginner:


What is the tax rate on profits made from selling securities? Do you 
have to pay the tax if the profits are immediately re-invested in
other securities? 
 I would eventually like to become an active trader and need to
anticipate advantages/disadvantages of when to sell in terms of
avoiding high capital gains taxes. What's going on with current
national politics regarding capital gains taxes?


-Thanks in advance, MArty

<marty@presto.ig.com>
From: mccabe@gdls.UUCP (Harold McCabe)
Newsgroups: misc.invest
Subject: General Dynamics common stock
Keywords: P/E, stock buyback
Date: 28 Jul 92 16:43:44 GMT
Distribution: usa
Organization: General Dynamics Land Systems, Sterling Heights, MI

Several weeks ago, General Dynamics offered to buy back 13 million shares of
its own stock, which represented about 30% of its stock.  The price was $66
per share.  The buyback was executed at around $72/share.  Assuming that the
P/E ratio stays about the same, I figured that the stock should go higher
than the $72/share because 1/(1-.3) = 42%, so that the stock would
actually be worth $66/share + 42% = $94/share.  Is this line of reasoning
correct?

Harold McCabe
From: obrien@sparc28.hri.com (Jim Obrien)
Newsgroups: misc.invest
Subject: Mortgage qualification w/child support
Date: 31 Jul 92 20:37:11 GMT
Reply-To: obrien@bigbird.hri.com
Organization: Horizon Research, Inc.

I have been trying to buy a house for a few months now, and
I'm real frustrated because my child support payment pushs
me over the normal allowance acceptable for long term debt.

The house price I'm looking at is 65k, and I'm puting 20%
so I'm mortaging 54k. The only debt I have is my support
payment, which is 1,000.00 month. With the support and the
mortgage payment taxes and Ins, my long term debt is 1,460.00
which is approx 40% on my monthly income. The banks think
it should be closer tp 36%, so this means I have to look for
a house in the mid 50's. 

Something is wrong here. I'm trying to qualify for a $375.00
a month mortgage, which is 1/2 my current RENT, and I don't
qualify. Well I guess I'm stumped for ideas, if you have any,
could you Please pass them my way...

                                       thankx  jim...


+-+-------------+-+----------------------------------------------------+-+
|o|    /////    |o|              Jim O'Brien (obrien)                  |o|
|o|   | @ @     |o|           Horizon Research Inc. (HRI)              |o|
|o|   c  _)     |o|        1432 Main street Waltham Ma. 02154          |o|
|o|    \ o      |o|   obrien@HRI.com (617) 466-8364 FAX (617) 466-8323 |o|
+-+-------------+-+----------------------------------------------------+-+




Xref: sparky misc.invest:9893 sci.econ:6539
From: jmo@courant.princeton.edu (Mike Orszag)
Newsgroups: misc.invest,sci.econ
Subject: Re: Should we limit the shorts life time.
Date: 25 Jul 92 00:40:59 GMT
Organization: Princeton University
Originator: news@ernie.Princeton.EDU


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.
|> The funny thing is these "Market Terrorists" do not have to cover their shorts.
|> I was wondering would be a good Idea to tell people "you can not sell things
|> that you do not own, or buy a put option, or write a call option". At least,
|> they should limit the time they should cover their shorts.  This would
|> make an individual investor on the same footing as large investor.  So, 
|> when Mr. Perot or people like him decide to run against an incumbent President,
|> they could not sell things that they do not own, bring the market down,
|> and influence the democratic process this way.
|> 
|>                       With highest regards,
|>                            Babak   Sehari.

What effect would you estimate shorting $1 million dollars worth
of Citibank stock would have on the market? Shorting American bank
stocks seems like a good move to me.  I wonder under what
circumstances making a market more incomplete would make people
better off. Imagine the effect on exporters, etc. if they could
not cover their positions properly and what it might mean in 
terms of jobs, etc.
Newsgroups: misc.invest
From: floydb@sun01.admin.rpi.edu (Barry B Floyd)
Subject: Re: Short Interest on NYSE and NASDAQ Way High
Date: Tue, 28 Jul 1992 18:41:59 GMT

prabhak@cs.umn.edu (Satya Prabhakar) writes:

>Recent WSJ reports that NASDAQ and NYSE short interest ratios
>have hit an ALL TIME HIGH. Short interest has been a fairly
>good indicator or key market turns - it's value is derived 
>from the logic that the shorting has already been done and
>these have to be covered sometime.

>I think the stagnation for S&P is over. It will move
>up slowly and surely from now on. What say you?

>Satya Prahakar

2 cents worth
 
It has been said that NYSE 'member' short interest is
a good indicator of what is to come, they supposedly know
what they are doing. However, some have said that the
average investor doesn't know what they are doing, so
the NASDAQ short interest 'non-member' ratio is 
a good contrarian indicator. Then there are followers of
the ratio of member activity to public activity. 
 
While an all time high is worth noting, its predictive
value may be less than certain. My personal guess is that
high member short interest would indicate a downward
trend is ahead, even if the market (and individually
shorted stocks) spike up in the near term, causing 
shorts to cover. The short-cover rally, essentially
fueled by a bunch of people selling the market to 
begin with, probably would not be sustained, ending
in profit taking at or near the top and a significant
broad based drop (correction).
 
barry

-- 
+--------------------------------------------------------------------+ 
| Barry B. Floyd                   \\\       barry_floyd@mts.rpi.edu |
| Manager Information Systems - Admin.\\\             floydb@rpi.edu |
+-Rensselaer Polytechnic Institute--------------------troy, ny 12180-+
From: acheng@ncsa.uiuc.edu (Albert Cheng)
Newsgroups: misc.invest
Subject: Re: 401(k) and other pension plan distributions
Date: 21 Jul 92 20:23:21 GMT
Article-I.D.: news.Brr9yz.8vw
Organization: Nat'l Ctr for Supercomp App (NCSA) @ University of Illinois
Originator: acheng@shalom.ncsa.uiuc.edu


In article <1992Jul14.151346.16284@odi.com>, ed@odi.com (Ed Schwalenberg) writes:
>In case you missed it, the latest extension-of-unemployment-benefits bill
>is being partially funded by a change in the rules about lump-sum distributions
>of pension plan assets.  What it comes down to is this:  If you expect to get
>such a distribution, you have to arrange for your (ex)employer to transfer
>the money directly to an IRA to avoid 20% withholding tax.  If you don't,
>you have 60 days to transfer the 80% that you do get, plus the 20% that you
>don't (I hope you have that much saved up somewhere) into an IRA to avoid
>owing taxes and penalties come next April.

Is this Law yet?  Or is it a bill they are debating?  If the latter
case, can someone find out the bill number so that we may bitch to
our Honarable congress reps to tell them to put it where the sun
don't shine?  Thanks.
 
Newsgroups: misc.invest
From: narayana@psuvax1.cs.psu.edu (Kuram T Narayana)
Subject: When to buy a mutual fund shares...
Organization: Penn State Computer Science
Date: Fri, 24 Jul 1992 14:16:45 GMT

I want to buy into 20th century growth. The NAV of 20th century growth has 
fallen about 12% this year! On the other hand a similar Magelan fund has
gone up by about 2%. The question is, Is it advisible to buy into a fund
when that fund is in decline! or is it advisible to buy when that fund 
is on the upswing! How does one determine which fund to buy into and
when to buy into?

All help appreciated...kt

Xref: sparky misc.invest:9982 sci.econ:6581