European Stars And Stripes (Newspaper) - February 28, 1988, Darmstadt, Hesse Page 20 the stars and stripes sunday february 28.1988 investor q. Mart than four Yean ago i transferred my savings to an account at a major brokerage firm where a Young relative a an account executive. I gave him authority to Bay and sell at his discretion. I keep precise records which show i paid $33,143 in commis Sions and my account had a $22,400 loss before the october Stock Market crash. That loss has since in creased to $210,800. Should i let this Young Man attempt to work my Doyle account out of this Hole As he suggests or would you recommend i do one of the following revoke his discretionary authority change Bro kers and brokerage houses take what s left in the account and invest it in certificate of Deposit sue my relative Tor mismanagement 1 am aware he will collect about $40.000 in commissions if i let him liquidate my account. A. Begin Byton galling that Bro Ker s suggestion. Since he did such a poor Job managing your investments to Dale it s More than unlike vat would do will jibe sat up to inc october crash covered the biggest part of one of the strongest Bull markets in history. Any Slock picker who lost Money for customers during that period had to be a Dunder head. Let s take your other notions in order. By All Means revoke the discretionary authority immediately. This column has always warned thai giving brokers authority to buy and sell without customers consultation is an invitation to churning rapid buying and Selling to generate com missions. Your commission charges Reck of dial. In your shoes 1 would change Bro kers and brokerage houses. You can Transfer your account without sell ing the securities you own. If you Transfer to a discount brokerage firm and then sell you la save 75 percent or More on commissions. Since it s evident you Are thoroughly disenchanted with the Stock Market my advice is to put your Money into cd and other Safe havens such As Short term . Treasury securities. If you decide to go Back into the Stock Market at some future time do so gradually. Finally it s doubtful you would gain anything by suing. You signed an agreement giving the broker discretionary Power Over the account. You had no Assurance you would not lose Money. Q. I believe my broker might have executed an order 1 gave in correctly. I could resolve my doubts by obtaining a printout of All trades in the particular Stock on oct. 9.1 wrote to the new York Slock Exchange asking for a printout. No reply. What next a. You re looking for an audit which inc nose maintains on every Stock traded on that Exchange. But the Exchange keeps that information confidential protect ing inc brokerage fraternity. To pry thai Loose from inc Exchange you would have to file a complaint against the broker and go 10 arbitration where inc audit Trail could be introduced As evidence. Bui you can buy an audit Trail elsewhere from inc filch group. 130 Cedar Street new York . 10006. Fitch charges $25 for each daily Sheet no More than one year old. Market extends february rally new York up1 the Stock Market extended its february rally last week As the Dow Jones Industrial aver age closed at 2023.21, up 8.62 Points from the previous week. On monday the Index Rose nearly 26 Points moving within striking Dis Tance of the 2051.89 level set Jan. 7, and the highest level since the oct. 19 plunge. The closely watched Index was Little changed Over the next two Days but suffered a 22-Poinl fall on thursday after a 30-Point rally collapsed on widespread profit taking and late afternoon sell programs. It Rose 5.64 on Friday. There was a lot of Energy expended thursday and possibly some damage done said Monte Gordon research director at Dreyfus corp. In new York referring to the failure to sustain a close above 2051. However the underlying trend to Ward 20si has not been impaired Only deferred he added. The Market is still gripped by inc uncertainty and trauma of Oci. 19. Therefore the significance of breaking 20si is that it would signal the close of the first phase of the people arc a Little shall shocked by what happened thursday and arc try ing to figure out what the Market s next move will be said Hildegard Zagorski Market analyst with Pruden tial Bache securities inc. Prior to the setback the Dow had advanced about 145 Points in nine ses Sions. What happened was that the mar Ket was a Little overbought especially the broader Market Zagorski said. And following the substantial gains a round of profit taking is not something that should be viewed with much alarm. However the Way it happened losing a 30-Point gain upset peo Gordon said the Market should continue its Advance to a new Post col lapse High on inc Dow because the Economy continues to grow there arc no signals of inflationary risk interest rates should remain on the Low Side and there should be no change in monetary you Are not looking at Star Kcal that is going to zoom Gordon said. It is going to Inch and claw its Way Broad Market indicators posted modest gains on the week. The new York Slock Exchange composite Index Rose 0.74 to 147.70. Standard & poor s 500-Stock Index gained 0.85 to close the week at 26146. Advancing issues topped declines 1.197-703 among inc 2,165 issues traded. Big Board volume totalled 955.527,200 shares compared with 644,296,530 inc previous week and 814,524,880 a year ago. Among inc other Active issues on inc week Avistar was up i to 5 i. Verily was up / to 2 a and Texaco was up / i042h. The american Stock Exchange Index Rose 4.16 to 284.32 while the National association of securities dealers Index added 6.28 to 363.40. Advances beat declines 461-345 among the 1,015 issues traded on the Macx. Volume totalled 50,s_5iq4-5r shares comparcdwiih46,-r87rr50 traded we stand 70,192.450 traded inane same week a year ago. Texas air led the Macx actives up 1 t 36 Ikimis i 41 u nil Fig. Up1 up my of up Jup a up Toup 3v up i w the pact gives the United slates a Cess to a dozen military installations in Turkey including two listening posts that Monitor activities and nuclear tests. Turkey contends it needs si.2 Bil lion in . Assistance a year to modernize its armed forces. Last year inc Reagan administration asked Congress to give Turkey $914 million in Aid. However Congress Cit ing budget constraints Cut the request to $570 million. Congress reduced thai amount to $490 million for the Curry no fiscal year. American Exchange 20 i inh 23 h Oil to56us h 42 in uncti44 h up 1 i new York Una tto id mom Tel Wal Ilot & sign la j�,�00 6 4297,400 22 266.600 14 2m.wo 7 h236,100 5 a 222,300 11 h 216,700 331. 208.700 45 h 199.100 10 173000 25 bout term we Nolito Bat Mannel cup tens an Amdahl co blon Fot nun d t l tempi 3 76 Nelcha Jujj 4upl unc Tipul 16 Oil of Lvi up 4uxn up i the announcement said that in ratifying the agreement the government had considered other aspects of the relationship with the untied states be Side defense cooperation. It did not elaborate. The announcement also pointed Oul Hal the United states in inc agreement had pledged to make ii easier for Turkey to repay its foreign Mili tary sales credits and also pledged to improve Trade relations Between the two countries. It was not made Public what kind of negotiations took place before the turkish government s decision to approve the agreement. The 1980 agreement that expired in 1985 was extended until 1990 last March following intense negotiations Between the two countries. But legally the agreement goes into Force after confirmation by the cab inet and publication in the official Gazette. The announcement said inc official Gazette will publish the government s decision on sunday. 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