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

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To: JZGalt who wrote (8039)7/31/1999 9:27:00 AM
From: Larry Grzemkowski  Read Replies (4) of 18928
 
Hi Dave

AMKR is having a nice run and I am holding on to my shares. The one thing that AIM has done for me is kept me in the stock for the long haul instead of taking those 20-30% profits. So I like buying cheap and I like AIM. So having said that let me run this by you. I bought AMKR at 10-1/2. And lets say I bought 600 shares. This makes my Portfolio Control $6300. Now if we figure fair value and be conservative about it and use current year est. of 0.66 and the 5 year est. earn growth of 25.5, we get fair value of $16.83. And cheap was $12.02. So I bought cheap. Now how do I AIM this one? You see I really like to make this automatic, its a fault of mine. Anyway what if I set the portfolio Control at fair value (600 x 16.83 = $10098) and with a 10% safe and 100 share min. the new buy point = $13.29 and sell point = $22.95. Now I realize that I would have to ignore AIM until the close got above 13.29, which it is now. So from now on I could AIM the stock and for now still be buying under fair value and selling at almost overvalue. I know I am in big trouble now (with all experienced AIMers) but what the heck what's your opinion.

And please anyone comment I am wide open on this one and would like anyones comment.

Dave, I wish you the best with your health problem.

Larry G
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