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

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To: Steve Grabczyk who wrote (9185)11/6/1999 9:18:00 AM
From: OldAIMGuy  Read Replies (1) of 18928
 
Dear Bret, Don't Fret!

re: Newport. Yes, every Sunday, Newport will give you a prompt to update your prices. It will continue to prompt you every time you open up the program until you finally submit! So, you can enter the price/share as of tomorrow.

Re: TWE. I started with a much higher cost/share. I think it was in the $15+ to $16+ price range when I first bought (I'm at home and don't have Newport here). So, even though I averaged down to the point of adding an additional 40% to my stock holdings, my first Sell point is around $15-7/8.

I'm using a full 10% SAFE (Resistance) on both the buy and sell sides right now. This gives me a Buy/Sell range of about $11 to about $16. I'll be trading roughly 7% of the shares. There was quite a bit of cash left in the account even with my last buy at $11+.

In the past, I've found that the +or- 10% works very well with most brokerages I've owned. Schwab was the exception until 1999. It rarely bought any shares back during its run. However, in 1999 it would have exhausted all reserves. I don't own it, but have a Newport model of it. Maybe I'll post it as the AIM example at the web site. I'll try to get to the office later today.

There's something nicely "vertically integrated" about the Cowboys playing the Meat Packers! Hope you can teach those folks how TailGating is done!!

Laughing in LaCrosse

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