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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: Ray Jahn who wrote (3801)1/14/1998 5:31:00 AM
From: Bernie Goldberg  Read Replies (1) of 18928
 
Hello Ray,
When dealing with dealing with Mutual Funds you will most likely deal with dollars rather than shares. I set my minimum number of shares at 1. According to Mr. Lichello's book you should set your minimum dollar amount at $500 or 5% of your total stock value whichever is greater.
If your share price is 13.23 (that does seem a little strange), and you have a 100 share minimum with a $1000 minimum you won't be able to buy any shares until TWCUX drops to $10 a share which is a 32.3% drop. You should be getting more AIM activity than that on a price drop of that magnitude in my opinion.
Mr. Lichello in his book states quite emphatically not to worry about 100 share blocks. AIM works with dollars and percentages. As a matter of fact I have my minimum shares set to 1 on all of my accounts.
For example: I bought this week 26 shares of DD at 53.025 for a total of $1403 including commissions. AIM will instruct me to sell 19 shares when the stock reaches 71.625 my total income for that transaction will $1353 including commissions. I use Jack White for a broker and total commissions for the 2 transactions is $50. My net gain on the 2 transactions will be 7 shares of a $53 stock at a total cost of $50 less whatever dividends I receive from the 26 shares of stock in the interim. This works out to approximately 26+%($371 less taxes).
Hope this helps.
Bernie
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