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

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To: JZGalt who wrote (6128)	11/5/1998 5:15:00 PM
From: Bernie Goldberg	Read Replies (2) of 18928

Hi Dave, I'm afraid I have to disagree with you and agree with Jim. That's the whole point of AIM. Nobody knows exactly what is going to happen, or when it's going to happen. By using AIM Jim is covering his backside incase the recovery does not occur as rapidly as he and many others would like. He has a cash reserve just in case the stocks go down so that he can pick up shares at bargain prices. If the oil stocks go nowhere for a while the cash reserve will be earning him a small dividend. If indeed the stock goes up he will accumulate a very health cash reserve so that he will be able to buy shares when the OPEC powers decide to do whatever they have to do to lower prices. That is what the cash reserve is for. It reduces risk! You are right about one thing: Those of us who are geniuses and know exactly what is going to happen in the future don't need AIM. I would love to get tomorrow's newspaper every day for a month. I wouldn't need AIM either. Bernie

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