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Technology Stocks : IFMX - Investment Discussion -- Ignore unavailable to you. Want to Upgrade?

To: Untouchable who wrote (9955)	3/14/1998 7:55:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 14631

Perhaps you need to decide on what type of market player you are: long or short term? Each as its own set of rules and approach and way of looking at the same stock. Both type of player can look at the same stock at the same time and end up with opposite correct decisions. Often what happens is a person starts out LT and gets drawn into the market's outrageous performance by becoming a ST player and for instance chasing story stocks and the headlines they make. However, the ST player is still playing by many of the rules he used as a LT investor. This is where many mistakes happen. Take this from a person who has made this transition from LT investor to ST trader which proved to have a few surprises in store for me. I would only take the work of an employee at a company in terms of what they can truely offer you as unbiased information. The management I am sure does not give its employees the full picture but instead gives them a story that their employees can buy into. But your son may be able to relate to you information for instance as an employee in order entry when an uptrend of day to day orders happen as the result of a particular promotion. Another example is perhaps he can relate to you the acceptance or problems the company's customers are having with a new product if he works in customer service. Also you can find out the line they give their emplyees for any decisions that they make that becomes public. If your son is in the management of the company, I am sure he can tell you more than this. I would never, ever listen to a broker's recommendations. Many times they are peddling stocks that the brokerage firm or one of its larger customers is attempting to sell. Most of my previous broker's recommendations turned out to be losers. A quick look at the S&P report shows many of these companies to be in financial trouble or a company with debatable fundamentals. They also receive "hit lists" from their main office in terms of stocks to promote. The bottom line is that the broker does not make any money if your account is not turning over sales. So my experiences coincide with your account of brokers and their recommendations. By the way, my EX-broker is a V.P. at Merill Lynch where V.P. is an award given to their brokers for outstanding sales accomplishments from generating new business and the churning of accounts. This V.P. is very good at churning accounts. Just some suggestions FWIW. Bob Graham