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

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To: JSLyons who wrote (12663)	9/1/2000 9:55:50 PM
From: OldAIMGuy	Read Replies (1) of 18929

Hi JSL, I devised the math to pre-calculate the next buy and sell points based upon my minimum order sizes in shares and dollars. Mr. Lichello never attempted this. He was content to look at the market when the clock said to. I feel that any inventory in my equity warehouse that's been purchased properly should be sold for the LIFO gain that was considered acceptable when purchased. Therefore, setting GTC orders out there at limit prices that meet those goals is the way I have managed my accounts for more than a decade. (see aim-users.com ) I felt that using the clock was too arbitrary. I don't immediately enter new GTC orders right after the last one filled. I wait from one week to one month depending upon the equity. (no rule here, just seat of the pants) The down-side of the "basket" approach is that if the various equities don't move in harmony, then you could potentially have some up, some down and some unchanged. AIM would be telling you to do nothing, where you should possibly be making some internal changes. Best regards, tom@12yearsandcounting.com PS: I'm using TD Waterhouse as my on-line broker with good success. I'm also AIM trading their stock, TWE.

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