Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site decwrl.UUCP Path: utzoo!linus!decvax!decwrl!daemon From: daemon@decwrl.UUCP Newsgroups: net.invest Subject: Re: FIRST JERSEY SECURITIES Message-ID: <3786@decwrl.UUCP> Date: Thu, 27-Oct-83 09:33:31 EDT Article-I.D.: decwrl.3786 Posted: Thu Oct 27 09:33:31 1983 Date-Received: Fri, 28-Oct-83 02:29:37 EDT Sender: daemon@decwrl.UUCP Organization: DEC Western Research Lab, Los Altos, CA Lines: 39 From: Ed Featherston HL01-1/P06 225-5241 Begin Forwarded Message: ------------------------------------------- Newsgroup : net.invest >From : GOLD::DZEKEVICH Organization : Digital Equipment Corp. Subj: RE: FIRST JERSEY SECURITIES I use FJS an a secondary broker. They specialize in high growth, low stock price types of companies. Their brokers are aggressive, unlike a large firm such as PWJC,MLFS,etc. When the talk to you over the phone, they sound like they are reading from a script. You have to stop them, and get them into the conversation mode to wade through the bull. In general, the present some good deals. Many of them, however, are securities that they make the market in, so be a little careful. One of the last deal thatthey pushed were ITB units OTC. A great deal, and a change to make a nice profit over 2-5 years. ITB is an OTC corporation involved in horse breading. Their last earnings net'd 1.2M from 5M revenues - 25%. They are building a race track and funded it with units consisting of a convertable and 5 year warrant. The convertable will pay 50% of the race tracks net for 5 yrs, and then 25% as a dividend. After 5 years, the common will pay 50% of the net, and the convertable 25%. Great protection. The warrant is already moving. Strike prices on it are $4 for 1st. 6 mo, then $8 into the common. SUGGESTION: If you want to be bugged by a broker a lot on low priced, growth deal, use FJS. If you do you own thing, and get into limited partnerships, options, annuities, bonds, etc., use Paine, Merrill, etc. FJS does have some paperwork problems in NYC. Sometimes street name orders come registered to you; you may get your neighbor's statement with yours; or the bill doesn't get to you in enough time for a 5 day turn-around. These are little pains. Regards Joe GOLD::DZEKEVICH DEC ENET Mail address : ...decvax!decwrl!rhea!gold!dzekevich ------------------------------------------- End Forwarded Message