Hi EJ, JZGalt (Dave Zawicki) brought a new dimension to our board when he arrived here. He left a big hole when he left us. I'm sure he's managing assets for the BIG BROKERAGE now.
Kevin 'Fuzzymath' also looks very seriously at the seasonality of the market and runs his Planting and Harvesting based upon it. AIM follows along this same path but not by predicting these events, but by reacting to them.
If Mr. Lichello's model holds yet again in this cycle, you'll see that we've been guided to very solid average purchase prices. Then in the next rally, we'll be guided to very good average sell prices.
I once totaled all the purchases in a major down-swing ('95?) in one of my favorite stocks. After something like 14 or 15 consecutive buys, my average cost for all of those shares was around $15. The stock had declined from near $40/share and bottomed near $10. I then asked one of my serious TA guru friends, looking at the stock's chart to tell me where he would be doing his buying. He read his tea leaves, calculated the positions of the moon, planets and stars, boiled up a chicken for soup and checked the bones, drew lines all over the historical price chart and did a few "secret" things that I can't even guess at! After all this divining, he proclaimed that he'd buy in when the price rose back to about $15/share!!!
Other than some transaction costs and maybe a bit of Time-Value, AIM had managed to do essentially just what he would have done. At the time I found this both entertaining and instructive!
Thanks for jumping in here and bringing your thoughts and questions to the forum. We all benefit from such exchanges, so don't feel shy.
Best regards, Tom |
