Stock Question


From: David Cay Johnston <davidcay@nytimes.com>
Subject: Stock Question
Date: Fri, 05 Feb 1999 10:58:20 -0500

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At 12:32 PM 2/3/99 -0700, you wrote:
>Date: 01 Feb 99 13:57:40 EST
>From: Jacqueline.D.Richardson@Hitchcock.ORG (Jacqueline D. Richardson)
>Subject: Stock Question
>
>I have started watching a few stocks and am trying to learn about the stock
>market with regard to individual stocks as opposed to mutual funds.
snip snip snip
>"Asia Properties, Inc announced today that the Company has retired 1.4
million
>shares of its founders' stock into  API's treasury.

A more significant question is:  For what reasons are you poking around in
obscure stocks as a novice?  Youy will do better if you start out with blue
chips, stocks of companies with large liquid markets in their shares which
over long periods of time have demonstrated an ability to make money
through good times and bad.
Also, you can learn much about a company by studying its reports to
shareholders, which are also filed with the Securities & Exchange
Commission and posted on their website at www.sec.gov. Look at the 14a
(proxy) and 10k(annual report) and 10q (quarterly report) filings. Print
out a few and study them.



=================================

David Cay Johnston
Reporter
The New York Times
212.556.3605
davidcay@nytimes.com


When you look into the eyes of others you acknowledge their humanity

=================================

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