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Strategies & Market Trends : One trade a week

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To: LemonHead who wrote (19)	11/11/1998 9:36:00 AM
From: Mike McFarland	Read Replies (1) of 89

Hmm, there must be a few threads that lean that way...I'll snoop around and see what I can dig up and report back. I would say that most of the people I know are the type of investor you have described--they want a few good ideas, and they are not interested in trading them. For instance... I'm a lot more active than my wife, my relatives, and all my co-workers--to the extent that when stocks and investing come up in conversation these people are quick to dismiss what I have to say...the retort is usually well, I'm a long term investor. I want to grab them by the shoulders and tell them that just because they are not traders doesn't mean they cant have some ideas about what to own...and when to buy it. There were some great opportunities in biotech and overseas markets with this last correction...what a shame so many people stay in a big fund without picking up a few other things while they are on sale. I'm not saying that any of my ideas would be suitable for these types of investors--but these people are certainly capable of knowing what they like...the trick is not to pay too much...and know when to take profits. --MM

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