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

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To: Steve Nelson who wrote (9323)	11/22/1999 6:59:00 AM
From: OldAIMGuy	of 18928

Hi Steve N., Congratulations on a job well done! If you think about being a NON AIM investor in BOBJ for all this time the picture would be different. Some, I'm sure, would have "traded" it hoping to catch it's lumps and bumps. Some might have Bought and Held, but it would have taken an iron gullet and sleeping pills to do it comfortably. The reality is that most people NOT using AIM wouldn't have been involved for the entire time and would have long since moved on. It looks like SoCal has it pretty well covered. I've "reduced" an AIM position once in a while because it had become too big a portion of the total pie. I've ended an AIM holding because of what appeared to be a significant slowing of their growth and growth potential. Both are valid reasons for changing your asset allocation. It would be nice if there are others holding BOBJ that could comment on that company's fundamentals. Unfortunately I don't follow it. If you decide to reduce the size of your BOBJ position and re-deploy those dollars, remember that you are looking for something equally as juicy. Sometimes it helps to look around and decide if there's really something else that looks as good. It seems as though most companies' stocks float between being under, fair and overvalued depending upon the market's enthusiasm for their product, the sector they're in and lots of other voodoo. AIM's single best purpose is to ride out those storms and keep things on an even keel. But we need to keep our ultimate goal in mind and make sure that the vessel we're using is still capable of achieving those goals. Almost everything in my portfolio is a LONG TERM position at any given time (for tax purposes). The reality is that many of my stocks I've held in excess of five years. Some I've held more than 10. As Mr. Phelps very eloquently describes in 100 to 1 In The Stock Market, many stocks take DECADES to reach their ultimate potential. If possible take a hard look at BOBJ's long term aspirations and see if they are realistic. Usually on almost every thread here on SI you'll find a nice rational person who's not in the HYPE business and will have delved into such things. Seek their opinion for the long term potential and weigh that in. Again, congratulations in doing a great job with your first AIM experience. As long as you stick with pretty good companies, you'll rarely have any stocks to sell for tax losses after the first year of ownership! AIM has a way of turning our stocks into profitable ventures. If Uncle Sam knew how successful AIMers are, he'd probably promote AIM himself! Best regards, Tom

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