European Stars And Stripes (Newspaper) - May 15, 1988, Darmstadt, Hesse Page de the stabs and stripes sunday May 15,1988 investor s guide by Bill Doyle q. In await 1976, 1 litthled$10,009.60 in 1 Mutual Hod ii $1038 Fri share and rect led my Runca for 920 Sham. In 19s7, Hen hit fund s Shire nine darted to fall oiled he broker i made the Purchase and told him toll .11 920titans thai Day on which the Price was $10.42. Hea f3.lt. I Slid did and would bring it in. Four Days Doyle Liler 1 look the certificate to him and Learned be hid not sold my Sham. He said he could not do so with my Mutual fond wll Hmil liar in the Certin Cale. I it then put in my stil outer immediately and climbed tint Day s dosing Price of $10.02 it rehire making my loss 538 greater than h would Haw Ben if he had sold w Hen i phoned lest $791.20 on the sate plus a $169 iwand Chaije total Tosi of$1,060.20. Is it Comet that a broker cannot Rellihan Safiny Mutual fund for custom or Miles he has the certificate in Binu Essum a. There is no All encompassing regulation to that effect. You seem to have run up against either a hard nosed broker or a House Rule set by his firm. The procedure for redeeming Mutual fund shares by turning them Back to the fund Are spelled out in each fund s prospectus. And hey do vary a bit from fund to Mutual fund investors do not ask for share certificates. Instead the shares Are held by a custodian Bank. Each shareholder gets account statements. Shares can be redeemed on a do it yourself has is by following the method explained in Shepro spec Lus or by a broker. If the broker s firm has a dealer agreement wit the fund the redemption can be done by phone or wire. When you have a share certificate issued in your name the assignment form must be filled out your Signa Ture guaranteed by a brokerage Linn Bank or Trust company and the certificate delivered to the fund. Bill Nyrl 1hi? a could have phoned or wired your redemption on the Day you called him. Since you bought the stairs through him. It s Clear Bis fir has a dealer agreement Wilhel refund lit knew you had the certificate is sued in your name. In line with the brokerage know your customer Rule no government or Industry regulation prevented him from sending in your redemption order so that you would have received the Price set at the close Day. It May be thai he and his firm have had problems Wilh customers who phone in orders and later try to blackout. The House Rule mandating delivery of certificates before sales could result from that in that Ca. However the broke should have told you so thai you could have taken the certificate to Himon the Day you wanted to sell. Q. Ii is Hoe that Mutual funding Ester no a decks his share within 18 month after making the Purchase can get Back to permit of the commission be paid a. It s True Only in the Case of Mutual fund contractual plan with a so percent front end commission Load which a absolutely Ike worst Way to invest in Mutual funds. Business news Market stirs Little enthusiasm new York a if you apply Anold Walt Street principle known As contrary opinion the Outlook for the Stock Market would seem to be pretty healthy. Hardly anybody these Days is Able to work up much enthusiasm either for stocks or for the business Outlook Over he next year or difficult to prac Tice. For one thing in trying to deter mine what the real consensus is in order to go against it you sometimes have tory to separate what people say from what they really feel. Lately for example some Standar statistical measures of investor senti ment suggest stocks have not been beaten Down to bargain basement extremes such As those seen on some Pas Occa Sions. Price earnings ratios of several leading Market indicators lately have hovered Between 14-to-l and i to a. The multiple is Down from belter than 20 last year but still nowhere near the single digit Levels it reached at times in the 19701 and Early 1980s. The Market did not do much for optimistic contrarians in the past week. The Dow Jones average of 30 Industrial closed Friday at 1,990,55, Down 16.91 Points from the week before. The new York Slock Exchange composite Index fell .59 to 145.30 the Nas Day composite Index for the Over the counter Market 6.94 to 372.48, and the american Slock Exchange Market value Index 3.87 to 297.94. Volume on the big Board averaged133.07 million shares a Day against 151.13 million the week before. The Markel s weakest moments in the pail week did not exactly occur in a vacuum. Major Banks raised their prime lending Rales from 8.s percent to � per cent what s More a Good Many traders might have been reluctant to bid aggressively for stocks before the government monthly report on International Trade scheduled to be released this tuesday. So we go on to the next number the dreaded Trade statistic observed Michael Sherman at Scarson Lehman hut ton in his latest Market commentary. Is this the Way we were supposed to invest hanging from week to week on every flick of data can t we find some More stable criteria on which to judge the direction of the markets we think thai if you step Back a Little bit you can. To our mind the Market today is dominated by fear and that fear Wilt ultimately prove overdrawn. Upon such realization will come an improvement in Slock and Bond israelis of Dwarf Black Friday computer virus Jerusalem a a lethal com Puter virus called Black Friday was limed to destroy thousands of compute file in israeli businesses and Homes on Friday the 13th, but experts said mos users were alerted in Lime. No Early reports of damage is computer jargon for a frag ment of computer program or software thai can copy itself into other programs and usually is unidentified Saboteur planted the Black Friday virus and it spread to thou Sands of personal computers this year As users copied or used each others computers were bit in two ways. The virus slowed Down the com puke and also specified that programs activated on Friday May 13, would be wiped stored in the computers would not be s a Lime bomb that penetrates your computer without your being Able to know about in said Shay Bushinsky a Tel Aviv based computer perfect analogy is aids. If you Don l Exchange programs with others fund prices you remain immune but if you freely copy your Friend s software you Are in danger of being figures were available on the extent of the contamination among Israel s90,000 personal computer Ostrus but Bushinsky estimated that the infection rate reached 100 percent among heavy University researchers detected the Black Friday virus on dec. 24because of a flow in its design said is race Kadar a senior Programmer at in University. Instead of infecting each program once the virus attached itself to the pro Gram every time it was used consuming increasing amounts of memory space. Computer experts noticed that sup Posedly Static programs were growing in size. After an intensive search they Iso lated the virus. The University then developed anti viral software and made it available to the school s hundreds of personal com Puter users free of charge said Radai. To be on the Safe Side users affiliate Wilh the University were also urged not to activate their computers on Friday May 13, he added. Software companies joined the Tel Aviv based Iri company developed an anti virus program and sold4,000 copies said president Ofer Ahi Tuv. He estimated that 30 percent of ins com Pany s 6,000 customers Moil of them businesses bad been and other computer experts said they had no immediate reports of damage Friday apparently because most users were warned in Friday we the first destructive virus to contaminate personal computer sin Israel but programmers predicted the re would be said one reason israeli users Are vulnerable is that software prices her Cost Aboul twin As much As in the United states and Many israelis freely cop programs often disregarding copyright speculated that the Saboteur May have been a frustrated Programmer who finally Gol fed up because everyone we copying nil software and then said let All we software be destroyed " from Page 19 ill. La it 04 lit n m Wil a he to ml117 u. Pool a .11cut i n it 11 a h11m Iii i Midi 144 944 11s u.14 n � 1mchmtbt 01 in. T Little tilt ukr so h Han my bit w. 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