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

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To: LemonHead who wrote (15459)	3/31/2001 4:39:29 PM
From: Bernie Goldberg	of 18928

Hi, One thing that I learned early about investing was do anything you don't understand fully. We've got a chinese guy here in town who had been talking to one of his customers about options. He's also talked to me about AIM. He told me last night that he stopped reading the book. His english isn't very good and he didn't understand the book. He also told me last night that he followed his other customer's advice. Which he also probably didn't understand. You see he lost over $85,000 in one day! I didn't ask him how that happened, I really didn't want to know. I can see where covered calls is a usable adjunct to AIM if one has a large enough holding to fit in with AIM's requirements. That would be a minimum of 2000 shares. 5% of 2000 is 100 which I believe is the smallest contract you can write. Regarding other options, I probably know even less than you claim to. The other book you bought refers to timing the market with index funds. I must have at least 5 books on timing market. One of them is by Robert Lichello. It works just fine for me.<ggg> you wrote:I really believe that I have some good companies at exceptional costs To my way of thinking that is the one of the most important parts of the AIM methodology. Buying good companies. It is a subject that doesn't IMO get enough coverage here. Instead we're told to look at charts. If the price used to be high and now it is low, that makes it a good AIM candidate. As far as I'm concerned that's hogwash and I have never been to Arkansas.<gggg> Seriously, holding good companies and having $$ invested that are not meant for necessities will give you the patience and intestinal fortitude to hold on until they come back to a more normal level. See you in Vegas. Bernie

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