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

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To: HighTech who wrote (8884)10/13/1999 1:57:00 AM
From: RFH  Read Replies (1) of 18928
 
HI, HiTech. That's a pretty nifty suggestion, but if you were ever in a situation where you were AIMing a stock which went down down down, you know for sure that it takes guts guts guts! I don't really think it would be worth the additional ulcers to accelerate the buying without knowing for sure if you have the cash to continue all the way to the bottom.
Check out my AIM stock IIT at:
elnet.com
and click on the symbol. The second graphic on the page that appears gives you an idea of what you go through in a prolonged buying phase. My initial buy was at $26, and I started AIMing it at $14. This one went down to just over $4.00 per share, but I ran out of guts (not cash) at $5 1/2, missing the very bottom. Talk about panic!
Any thoughts from the AIM veterans out there?

Sincerely,
RFH
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