Hi From San Jose, CA

Jack Haddad · #1 (**permalink**) 12-23-05, 12:13 PM

Hi all,

If you have any questions in regard to stocks and options, let me know. I have two professions: 1. Orthopedic surgeon, and 2. Hedge Fund Manager at Merrill Lynch. I'm primarily involved in the technology sector. I'm strictly a trader, but know quite a bit about investing strategies as well.

I look forward to all of your challenging posts and questions. Remember, "life is a self-continuing education."

Jack Haddad, MD

Yee Sian · #2 (**permalink**) 12-24-05, 03:23 AM

Ahh, I have learnt so much from your posts. Thank you so much for your insights, being a fund manager, you must have a lot to share

. I look forward to reading your posts, and have a nice day!

spncr2 · #3 (**permalink**) 12-24-05, 11:46 AM

Welcome Jack!

Already from your posts I have learned a great deal, and I can't wait to see what the future brings. You are such an inspiration and with beginners like me, having a professional aboard the forums is a dream come true.

All the best,

Kristy411 · #4 (**permalink**) 12-26-05, 10:49 PM

Welcome to the FIO Jack! We're very glad to have you as a part of the FIO family, a very special group! Sounds like you have quite a lot of experience in investing, when did you get started in learning about investing? Would you say it's important to start at a rather early age? What are the main job duties of a hedge fund manager?
It will be very fun to learn from you Doctor. We look forward to reading your posts!

If you can dream it - you can do it! - Walt Disney
Anything the mind can conceive and believe, it can achieve! - Napoleon Hill

Please check out our hott new music site, www.feelingthevibe.com.

Jack Haddad · #5 (**permalink**) 12-27-05, 03:40 AM

Kristy, thanks for inquiring. This forum holds many talented and passionate individuals... and for that matter, I have been inspired to post on its threads.

My interest in the stock market commenced about 10 years ago as I was living with my friend Sam who is also a successful mutual fund manager. I began observing his trading screens and was fascinated by how numbers changed on the screen and translated into dollars. At that time, I was heavily involved in medical school and couldn't committ to reading anything else.... There was simply no time!

Shortly thereafter, I began to read trading books and decided to become certified for the heck of it. I took 3 board exams and became a certified market technician (CMT). The first two exams were multiple choice and the third was a dissertation, PhD. Later, I decided to obtain as many series exams as I can. So, I took series 6, 7, 63, and 64. They allow me to trade stocks , and commodities for managing clients' money. After that, I began paper trading and was stunned by my performance. So, I opened an online account and traded for 3 years before taking on private capital.

Kristy, I'm proud of you and many others on this forum who are thinking of investing at an early age. Words cannot emphasize the importance of that matter! Others argue that they would rather live pay check to pay check and not stress themselves and shorten their lives... But, working and investing aggressively does not shorten anyone's life, provided that it is done wisely and with reason.

Last but not least, I'll leave you with a thought... "Make money, but don't let money make you."

MDZ · #6 (**permalink**) 01-01-06, 02:50 PM

"Make money, but don't let money make you."

BuMp to that Jack!

Kristy411 · #7 (**permalink**) 01-02-06, 12:10 AM

Jack, your story is very inspiring. You are definitely a high achiever and someone who sets goals then goes after them. Congratulations on your many wonderful accomplishments. Mark, I also like that saying, "make money but don't let money make you."

If I may ask, what would you recommend for the young first time investor? Should they invest in one particular stock and what should they look for in doing so? Take care.

If you can dream it - you can do it! - Walt Disney
Anything the mind can conceive and believe, it can achieve! - Napoleon Hill

Please visit one of the hottest music sites on the internet, www.feelingthevibe.com.

Jack Haddad · #8 (**permalink**) 01-02-06, 04:30 PM

Kristy,

For beginners and pros, investing solely in a single stock has never been a wise strategy. I'm sure you've heard about the 2002 corporate scandals-- Enron, WorldCom, Tyco, Imclone, etc... No one envisioned that Enron would someday emplode as a result of crooked executives. But, it happened.

One may hold a single stock on a short or intermediate terms. For example, I have done that repeatedly with Intel; it's the bell weather and darling of the technology sector... Therefore, it moves the market as a whole when it announces earnings or conducts a mid-quarterly update. Come January 17 2006, it will release 4th quarters numbers, and also guide the outlook on the 1st quarter for 2006. I'm anticipating a 2 point move in 2 to 5 days... and 6 to 8 point move in the next 3 months. So, in sum, it's okay to hold single large positions on a short-term basis, and hope youre on the right side of the stock's direction.

As far as investing is concerned, I like Peter Lunch's style. I dislike Buffett for the simple reason that he does not advocate selling to take profits off of the table. I really believe that taking profits is of prime importance.

Personally, I'm a ruthless trader. I buy and sell stocks based on what the charts tell me, and based on what the market sentiment says; I advise all investors to never ever fall in love with any stock. The minute you do, youre setting yourself up for a disaster. Never hold an emotion for a stock; doing so, is a recipe for a disaster.

Jack