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

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To: OldAIMGuy who wrote (12694)	9/4/2000 1:22:10 PM
From: Steve Grabczyk	Read Replies (2) of 18929

Don and Tom: Since I don't use Newport anymore (it doesn't allow me to use a truly common Cash Reserve), I had to figure out how to calc the next GTC limit orders. Staying true to AIM's general disregard for #'s of shares (it does all critical calcs in $), I simply use the following formulae: Where: - PC = Portfolio Control - BR (SR) = Buy or Sell Resistance % Expressed as a decimal (Safe) - BM (SM) = Buy or Sell Minimum - SO = # of shares owned - NBP (NSP) = Next Buy (Sell) Price NBP = ((PC(1-BR)-BM)/SO NSP = ((PC(1+SR)+SM)/SO Buy order = BM/NBP Sell order = SM/NSP These last 2 are rounded to nearest whole shares. I can certainly understand where one might want to do 100 share lots, but that's not practical if your AIM-ing VITR for example which has ranged from $20 - $105 since November of '99 (split adjusted). I have sold as few as 10 shares of this one using the formulae above. Anyway, these are what I use. Any feedback would be appreciated. Regards, Cogitating in Commerce (TX)

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