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

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To: axp who wrote (14544)	1/23/2001 6:28:43 PM
From: OldAIMGuy	of 18928

Hi AXP, You are right about the SAFE settings on VTSS. I adopted that position on VTSS last year when the bubble was expanding beyond belief. VTSS soared to over $100/share and something like a 200 P/E. I didn't want to exit the stock, but I also didn't want to be buying shares back too soon on a drop. If you look at the peak and the first buy-back, you'll see that it dropped from over $100/share to around $60/share before I started my buying that round. (there's your 40% SAFE range!) aim-users.com I let my Idiot Wave guide me on the Sell side. If I get to the point I have plenty of Cash Reserve for VTSS (when my cash reserve percent is about equal to the Idiot Wave recommendation) I then start to use 'vealies' as my resistance to selling. Last year I commented that if a $30 shirt goes up in price to $60 we shouldn't be too eager to buy extras when they go on sale for $49.95. :-) The high Buy SAFE was there to help prevent that. I've not seen a reason to change it since. In general, once I have set up my account's Buy and Sell SAFE (Resistance) I leave it alone and let the market guide AIM along its path. I don't mind leaving the Sell SAFE on many of my stocks set at zero right now as I'm interested in rebuilding my cash reserves in a timely fashion. It's already recovered from less than 10% of total to over 12% in the last two weeks. That's with the overall account growing over 11% in value in the same period. Overall profitability has risen from +95% to +120% as well. I don't mind shipping out inventory when it's returning such nice LIFO gains. It's imperative that I rebuild my purchasing power as soon as AIM will let me. Thanks for noticing the settings and asking about them. Best regards, Tom

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