Hello Steve,
Yes, the individual accounts are getting more traction, which brings me to another point: selling strategies.
As a recent convert to AIM, from ole buy-and-hold, selling is not something that comes so naturally. With the recent run-up in equities, however, I am now confronted with sell signals in some of my accounts.
Tom makes the excellent point that an AIM sale is a profitable sale and should cause no regrets. Still, one hates to feel a better price is just a day away.
Tom has invented the 'split safe' to address perceived imbalances in momentum to the upside or downside. However, this appears to introduce just the subjectivity that AIM seeks to deflate from the investment process. That said I, too, have nudged up my sell resistance a bit here or there in line with my hunches. Blasphemy or common sense? Time will tell.
Nonetheless, I have already made a few sales from inventory and expect a few more next week unless the bottom drops out of the latest rally -- something I fully expect over the coming weeks if not days.
Glad to see ADBE working out well for you.
Rgds,
Jonathan |
