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

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To: OldAIMGuy who wrote (7763)6/20/1999 9:32:00 AM
From: Larry Grzemkowski  Read Replies (2) of 18928
 
Hi Tom

I have had computer porblems for the past two weeks so I have been out of touch. I had a 32 meg. DIMM OR SIMM (whatever they call them) go bad. I did get my newport backed up and some of my data files but it has been interesting (not) trying to get my system back to where it was.

Anyway I promised to keep everyone posted on my progress with my QQQ AIM account. So here it is.

If you remember I closed my UOPIX account and opened my QQQ account and as it turns out I caught the top of the NAS 100 at 114. I have also changed my safe values based on your and Bernie's suggestion. I was using 10% buy and sell safe values but have changed to 0% buy and 10% sell. Account history is as follows:

4/25/99 initial purchase 150 @ 114.00
5/30/99 bought 10 @ 102.00
6/13/99 bought 10 @ 103.5625
6/13/99 added 10 @ 103.5625

I added the additional shares on 6/13/99 to lower my cash position which was a little rich. So right now my QQQ account information is:

Buy Safe 0%
Sell Safe 10%
Min. Trade $1000
Hold Range 100.858 to 125.248
cash 37%
Results -1%

I have had some problems in understanding how to use the Newport program because when I added the 10 shares the dollars didn't come from cash like I wanted but Newport said I added dollars to the original investment and didn't change the cash reserve. So I had to do some changes to get the PC and Cash Reserve right. I think I got it OK? I guess what you have to do is buy shares (not add shares). But because Newport looks at this like a normal buy it only adds 1/2 the value to PC. So I changed the PC to reflect the whole cost for the shares. Did I get this right? Oh well the numbers seem to be right.

Hope your recovery is going well.

Larry G
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