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Technology Stocks : ADC Telecommunications

ADCT 4.010

+2.3%

Feb 6 3:59 PM EST

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To: john p. carney who wrote (930)	8/24/2000 2:50:50 PM
From: OldAIMGuy	Read Replies (1) of 1944

Hi John, ADCT has worked well with the AIM method so far. I have longer histories with some of the other stocks and funds as you may have noted. In general it's a method of trading a small portion of your portfolio around a base amount which you decide is your risk limit. Then over time it expands that risk envelope slightly with each buy cycle. It is less tax efficient than Buy & Hold, but far better than selling outright. One does pay some tax when there has been some selling, but if you only sold 100 shares out of 1000 in the account, the taxes are small. Many of the "TECH STOCKS" have rather dramatic price swings depending upon the mood of the market. Many times our favorites get dragged down because of "guilt by association" with some other stock in the sector or general market conditions. This allows AIM to recycle the cash raised in the previous rise and become more fully invested near the market bottoms. Then later AIM will refund the Cash Reserve with sales generating gains from recent low price purchases. Nothing will save us if we buy shares of a bad company. If we usually buy quality and want to be with the investment for a long time, AIM lets us manage risk while we wait for the price appreciation that we anticipate. In the case of ADCT, I won't be buying any shares back until the price falls to about $31+. At that point I'll only add about 6% to my overall holding. That's not very close right now, but we could get there with some unforseen event. After all, it was in May of this year that we last visited those prices. No reason to think we couldn't retest them again. Please let me know if I can help in any way. Best regards, Tom

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