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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: B. J. Barron who wrote (12070)7/15/2000 4:39:14 AM
From: OldAIMGuy   of 18929
 
Hi BJ,

"But it would be lot easier to not buy the 52 wk highs...."

Yes, but sometimes we have to wait a whole year to find out! :-)

Boy, VTSS certainly got whacked again yesterday. Huge volume and a 12%-13% slice off the top of the price. Of course when you only report revenue gains of 50% over the previous year's period, what can you expect.

Actually, VTSS has been acting as a better AIM stock in recent times than in any of the period I've owned it. It needs to fall to below about $60/share before AIM and I part with some of our greenbacks for more shares. We were right near a sell point before the drop-off. Current cash reserve is healthy enough to do some pretty serious buying if the bashing continues on Monday.

I would imagine that many TA programs and charts are looking a bit paniced right now. Massive sell-offs with high volumes usually don't make pretty charts. Looking at fundamentals, it would appear that there's some warming of the competition, but there's no shortage of demand for the products from VTSS or its immediate competition. The "build-out" of the infrastructure for the internet continues at an incredible pace.

So, maybe my ratio of buys and sells will even out a bit as time goes forward. It's always been a bit lopsided with many more sells than buys in the past.

Best regards, Tom
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