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

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To: LemonHead who wrote (10381)3/3/2000 6:11:00 PM
From: OldAIMGuy  Read Replies (1) of 18928
 
Hi Keith, Here's something to investigate - Take a look at Landis's funds and wherever else you have some fund money. See what the price/share drop was during the August to October down-turn in 1998. This will let you gauge whether you have enough cash reserve to "buy to the bottom."

For your young friend, why not have him start AIMing his mutual fund that he already owns? He could start "naked" of Cash Reserve and just set the Portfolio Control at 0.90 of current value. That would have him start selling almost immediately, profitably and build the cash reserve with proceeds from this bullish phase. Again, check the fund's history to see how far at risk the fund is during a correction like 1998.

I've updated the Newsletter for everyone including the last two week's trades, 'vealies' and all.

Have a great weekend,
Tom
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