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

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To: OldAIMGuy who wrote (11233)5/25/2000 12:40:00 AM
From: RFH  Read Replies (1) of 18929
 
Tom and all, I have a question regarding a mutual fund investment that I want to begin AIMing. The fund is Invesco Dynamics, which I have been dollar cost averaging into for a number of years. The price range year to date has been 33.71 to 22.42. It currently stands at 23.48. I entered it into Newport as a new investment with my current number of shares and the current price. With a 10% buy/sell resistance, my bracket has me buying at 17.9 and selling at 33.9. Changing the resistance levels to zero gives me a bracket of 19.4 and 29.6. Considering the $10 price range for the year, these last figures are probably more realistic for AIMing. However, I would like to move the brackets up with maybe the same $10 spread, but with the buy just below the yearly low price; perhaps around $22. Or better yet, I'd really like to move the selling price down to about 30 after moving the brackets up, making the spread closer to $8. How can I accomplish this and is my approach, in your opinion, valid?

Sincerely,
RFH
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