Hello, fellow CHRZ holders. I am managing an account for one of my associates, and placed her IRA 64%/36% stock to cash into CHRZ. Unfortunately, in July of this year, we ran out of money for additional buys as the stock headed lower and lower. Now we are in a holding pattern waiting for the first of the year when she can add another $2K to the account. With my luck, the buying opportunities will be long gone, and the full advantage of AIM will be wasted! I was hesitant to invest a mere $4K in a new AIM account, but she begged me on her hands and knees, and I eventually broke down and went for it.
I have Newport charts and spreadsheets on CHRZ on my web site, but it is "hidden" from view to the general public. (Yeah, like big deal). But since you brought it up, you can view the action at:
elnet.com
Please note the second graphic, which is the Newport line chart. You can see all of the missed buying opportunities after July. I regret that I was a bit too aggressive in my buy/sell resistance levels, but have since learned from the group (especially Bernie) to be a little more realistic. I also should have gone with a 50%/50% cash to stock ratio, considering the volatility of this issue. I wish I had this to do over again, but I guess it's water under the bridge.
Sincerely,
RFH |
