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

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To: Larry Grzemkowski who wrote (13248)	10/18/2000 2:15:45 PM
From: OldAIMGuy	of 18928

Hi Larry, "Those vealie things" aren't so confusing! :-) But I do think they are mis-used by some AIMers sometimes. We all have to make a decision on where risk is still to be sustained, reduced or expanded. Once we've found the level that's acceptable on an equity the 'vealie' just helps us maintain that level during bull markets. Well, we haven't had much of a bull market since March! There will be no need for many of us to consider 'vealies' for some months to come. First we have to rebuild our cash reserves. Thinking back to the Idiot Wave's 60% Cash Reserve call back in March. If we'd had cash reserve levels that high on most of our holdings, we'd probably have had enough cash to see us through to the market bottoms. Certainly an expansion of the risk envelope of less than 2.5% at that time wouldn't have fractured any walls in the Warehouse. Like it says on the label. "Only to be used in accordance with the directions." :-) Best regards, Tom

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