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

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To: OldAIMGuy who wrote ()	1/20/2000 8:59:00 PM
From: Steve Grabczyk	Read Replies (1) of 18928

Hello all: I was so flabbergasted by this post below from the Yahoo board on Land's End (LE) one of my AIM holdings, that I felt compelled to print a portion of it here. Here it is: "I sold 1000 of LE yesterday for 35 to start cutting my losses. I took a $24,372 loss on that 1000, but am now in positive territory on the other 2000 shares. I'm going to start "trailing a stop loss", like you do in futures to prevent this stupidity in the future. Of course it would go up 1 1/4 the day after I sold, but what can I say, this is my only big disaster and it was my own fault." If my math is correct, this 'stupid' person (in own words) bought @ 59 3/8 and sold @ 35. Isn't that like buying high and selling low to the extreme? And (again in own words),he's just starting to cut his losses! What's really funny about this is that I too bought in the high 50's. Then AIM has had me 'pump the brakes' 4 times on the way down. I am in no way going to sell now! I just thought it would be interesting to get an idea of from whom we buy our shares! New AIM motto: Buy from the scared (and stupid); and sell to the greedy. Sincerely, Stupified in Splendora

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