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Technology Stocks : Award Software(AWRD) is back -- Ignore unavailable to you. Want to Upgrade?

To: Alfredo Nova who wrote (273)	2/1/1998 10:53:00 AM
From: Mark Brophy	Read Replies (2) \| Respond to of 373

Successful investing requires 3 skills: #1 Accounting #2 Stock market psychology #3 Specific industry and company knowledge Most investors have 1/3 of the skills and a significant minority possess 2/3. Only a tiny minority have 3/3. Your profitable trades and recent wise purchase of Award when it bottomed out suggests that you possess #1 and #2. The largest cohort of babies born in U.S. history occurred in 1958-1963 and are 35-40 today. Human fertility declines rapidly during 35-40 and disappears completely during 40-45. The wildly rising stock market of the last 3 years has produced the largest increase in millionaires in U.S. history. Many of these are 35-45, childless, and will gladly pay large sums of money merely for the slim chance of conceiving a child. So, a small group of biotech companies will experience massive growth in the next 5 years. The average mutual fund manager is a 29 year old MBA and many will make money from the above trends because they have skills #1 and #2. Many fertility doctors and gynecologists that have only #3 will invest in biotech stocks and lose money. You should participate in mailing lists where these folks discuss technical trade issues and vastly increase the tiny minority of investors with all 3 skills. Don't dig a well thousands of miles away when there is a gusher in your own back yard!