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

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To: Bernie Goldberg who wrote (8354)	8/30/1999 8:21:00 AM
From: JZGalt	Read Replies (1) of 18928

Bernie, One other point on AIM'ing re:Lichello. I think we all have to remember that these calculations were done with a mechanical calculator or by hand, so once per two weeks on several stocks was a reasonable amount of work. I grew up drawing my own charts by hand once per week and that was sufficient. In addition, the volatility of the stocks was much lower than today and required less of an immediate update mentality than now. Face it. In the 1980's stocks did not move 3-4-10% in a single day unless there were extraordinary circumstances. So the one month or two week "rule" is still appropriate when applied to depletion of cash or selling too early in a good run IMO, but there is no reason not to adjust the trade values of an sell if a buy has been made or the level of the buy if you just sold something to take advantage of this volatility. ---- Dave

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