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

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To: THE FOX who wrote (9849)1/5/2000 10:47:00 PM
From: Steve Grabczyk  Read Replies (3) of 18928
 
Hi FOX:

It shouldn't matter what the per share price is as far as AIM is concerned. AIM use the value as it's basis to set buy and sell levels.

Now you might only sell 1 or 2, but imagine if you sold 1 then bought 2. Over time you would have a lot more than 10 shares.

I've been AIM-ing COMS since November 1st. Most trades between $40 and $50 /share. Usually about 15 to 25 shares a trade. Got another buy on it today @ 44 3/8. Had a sell on Monday @ $48 1/2. Not a big spread, but using AIM's recommendations is key to the discipline inherent in this system. You trade around your core position, and accumulate shares on the buy side, and cash on the sell side. What could be sweeter?

Also got a buy on LE again today. Second one this week. I know that many AIM'ers out there restrict their activity to once/week, but I happen to believe that there's nothing magic about Friday or Monday.

Besides, I need to catch up. I've been AIM-ing with real money for 2 months, after thinking about doing it for over 10 years!

I may be wrong in my approach, but expect to fine tune as I move forward. I have no problem investing 5 minutes of my time each day updating Newport and placing my GTC orders on line.

Anyway, best of luck on QCOM. I've been watching VITR, and may pick some up tomorrow. Like QCOM, a High flyer. Was $300+ a few weeks ago. Now on sale for $189. Will work with AIM if it remains as volatile as it has been. New issues tend to stabilize after 6 months (my observation).

Regards, Steve
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