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

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To: OldAIMGuy who wrote (7812)	6/28/1999 11:50:00 PM
From: Dave Johnson	Read Replies (4) of 18928

I have to say a few things about the selection of AIM stocks. I believe if you are going to invest and AVERAGE DOWN as AIM does, you better be DARN sure you are throwing money into a company that will be around for a long time. You better be very familiar with that company and not just follow it through some newsletter or somebody's hot tip. I tried doing some of this years ago and made the mistake of averaging down. The stocks I bot - Some small caps are now worthless- They never went back up. I think volatile Blue chips with products that you understand and use should be AIM good investments. When the company you buy goes down 60% you have the confidence that it will survive or else you will just panic out-likely at the bottom. AIM investors would have bot IBM at presplit $42 and now see it at $300+. The company had problems but had critical mass to re-invent itself. I think companies like ASANTI are not going to be around for long. I worked with them as a reseller of their products. This is absolutely a company I would not buy on the way down because they would likely not come back. I think AOL IS a blue chip company and will be around- I HOPE that it goes to $50 so I can really buy a lot because I am positive at some point they will do whatever it takes to whip Microsoft. and whoever else. And they are not going out of business. That just wouldn't happen. You could use Microsoft for AIM or Cisco or Sun. These companies have panic selloff s at times but will always be around! On the other hand I believe AIM should only be used for stocks and not Mutual funds. If funds go down you buy more and if they go up great- they should be buy and hold over the very long term. The portfolio manager is doing his darnedest to stop any downturns by using puts, hedging or selling the dogs. He is working against AIM in that sense and preventing any volatility from occuring. They are not volatile enough to really get much of an AIM return. Volatility + Blue (at least a Jr Blue) chip = AIM. My 2cents

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