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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Dave Hanson who wrote (1904)	12/5/1997 12:19:00 PM
From: steve goldman	Respond to of 4969

My focus skills are market operations, trading stocks, execution systems, short term movements etc. Because of the high level of techonology and my experience with technology, I know tech stocks real well. I am not touting my understanding of them, but it is my area of business, just as a doctor would know the difference between drug a and drug b and the drug companies. I also know a lot about financials and retail. Yet you can't know everything about everything. Anyone, (broker trader freing etc) that says they do is bullshiting or kidding themselves. Yet, how can I, without an understanding of the true, minute differences between Pfizer and Warner Lambert and the umpteen drugs they have choose one over the other? How can I determine that CHIR's xyc-cant spell it even drug is the next hot thing. When it comes to areas that I don't know specifics on well enough, I will turn to a mutual fund. More so, I have a lot of responsibiltiies in my offie and I can not simply check on and monitor, 20 or 30 stocks per day. If I weren't in front of the quote machine/execution machine all day, it might be easier. Mutuals funds help me concentrate on growing my business and furthering myself as a professional, not just a trader. Yet, I do a lot (A REAL LOT) of research into mutual funds, the mangers, their performance and their holdings so that I feel pretty close to owning the same stocks in their portfolio. Jim Cramer, ASK HIM! He does not own one stock his funds trade in. I don't exactly, so please don't quote me but he was on TV about 2 weeks ago and was talking about teaching his children about investing. He was talking about how HE did not own stock either, I believe. It was either he didnt own stocks his fund buys or sells (which is very very prudent) or didn't own any at all. One of thetwo. Nonetheless, the Warner Lamber, Dell, LU and Ge I own, as well as a fe other well chose/luck-of-a-wild bull market stocks, have done great, outperforming most mutual funds. There may be a time when I adjust my allocation. Right now I have focus (when it comes to my own assets) outside of watching 20 or 30 stocks because I own them. My clients own plenty, but by me not owning them, I can concentrate on helping them more. Regards, steve@yamner.com