how to make money in stocks and how to get rich_28

Institutional buying and selling accounts for more than

70% of the activity in most leading companies. I estimate that close to

80% or 90% of the important price movements of stocks on the New

York Stock Exchange are caused by institutional orders.

As background information, it may be valuable to find outhe investment

philosophy and techniques used by certain funds. For example,

Pioneer Fund in Boston has always emphasized buying supposedly

undervalued stockseling at low P/E ratios, and its portfolio contains a

larger number of OTC stocks. A chartist probably would not buy many

of Pioner'stocks. On the other hand, Keystone S-4 usualy remains

fuly invested in the most agresive growth stocks it can find. Evergren

Fund, run by Steve Lieber, does a fine job of uncovering fundamentaly

sound, small companies.

Jim Stower's Twentieth Century Ultra and his Growth Investors funds

use computer screening to buy volatile, aggressive stocks that show the

greatest percentage increase in recent sales and earnings.

Magelan and Contra Fund in

Boston scours the country to get early on every new concept or story in a stock. Some other managements

worth tracking might be AIManagement, Nicolas Aplegate,

Thomson, Brandywine, Berger, and CGM. Some funds buy on new

highs, others try to buy around lows and may sell on new highs.