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

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To: OldAIMGuy who wrote (10338)2/23/2000 7:31:00 PM
From: Bernie Goldberg   of 18929
 
Hi,
We are thinking of making it up there either before or after our Springfield trip.
My little timing Spreadsheet still has not changed to a buy mode on the S&P 500. What is encouraging is that since the sell indicator appeared the S&P500 has dropped 100 points. That's roughly 7%. When you add to that the approximately 1% the cash has earned in the MM during this time period you have a total 8% gain over a two month time period in which the market has decreased in value.
I sold 11+% of my holdings in Ultra OTC today. I sure do like buying and selling it on the net. I also decided to put some money in the Ultra Europe Fund. It's only been 3 weeks so I haven't seen much movement yet. It is another of the funds that will double the movement of the related index. Just for your information, Profunds is starting a Russell 2000 index fund as well as Japan,S&P Midcap and a few others that escape me at the moment. All of the new funds will be using the Ultra principle which should really simplify things for AIMers.
I'm going thru some angst with BEAM. The whole vision group was affected by VISX's decision to drop their prices. BEAM has decided to follow the lead of VISX. With them being basically a one pony show I am leaning more towards selling all my shares rather than making a huge AIM directed purchase after today's price action. Thanks to AIM I am much more profitable than I would have been with B & H. What do you think I should do?
Bernie
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