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

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To: OldAIMGuy who wrote (7640)6/9/1999 8:49:00 PM
From: Bernie Goldberg  Read Replies (1) of 18928
 
Hi,
I don't know if most of the other AIMers would find that easy to swallow.
RFH for example enjoys trading weekly. There are some here who pay no attention at all to taxes.
I kind of think that this is what I will be doing with BEAM. It isn't often that I buy a stock that rockets up like this one. What I have done in the 6 months that I have owned it is to complete enough AIM directed sells to cover my initial investment and the taxes due on the sales. Now I am planning on doing no more selling until December when the year is up. I will ve doing Vealies or Portfolio COntrol adjustments between now and then. Of course now I have very large Cash Reserve to do some buying when AIM calls for it plus approximately 500 shares of stock to sell next year if the situation arises.
I agree that AIM takes care of things after a year. I've seen that with APCC and MRK. Mr. L was living in a much less volatile world which made things a little bit simpler.
IMO the overwhelming majority of the folks here use AIM not because of its conservatism but because of its promised action. Many seem to be disappointed if they don't get two or more trades in a week.
Over on the APCC thread I read a post from a girl who had done some kind of options thing in February or March. She was really disappointed to only make 100% in 3 months. I just owned the stock itself and was happy to see it go up 45% in the same period of time.
They say "perception is reality". So I guess we can all have our slightly different realities.
I assume you have some physical therapy tricks that you have to do. If you're doing them congratulations, if not get cracking
Bernie
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