Ultra OTC Fund - UOPIX Message Board

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Strategies & Market Trends : Ultra OTC Fund - UOPIX

UOPIX 142.28

+3.0%

Dec 18 4:00 PM EST

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To: OldAIMGuy who wrote (629)	9/30/2000 1:13:54 PM
From: bob wallace	Read Replies (2) of 2063

Tom I dont know how you do it, making your decision in the middle of the day... I think Bob Gammon wrote that he has to make his decisions two days in advance in his 401k (or something like that) - seems like that would be like throwing darts as far as timing an AIM trade is concerned I was really conflicted about buying Friday night in any event. It was clearly an AIM buy in my model, and from a trading standpoint, the internals (advancing issues vs declining issues and new highs/lows) were clearly stronger than the 100 point decline suggested HOWEVER, I was really put off because the chief trader over at Cramers hedge fund wasn't buying... I mean it is his st0ck in trade (so to speak) to buy weakness and sell strength, especially in this trading range we have been in for awhile. I have seen him do it over and over again. so when he wasn't buying Friday, that was just something very upsetting to me. [I know that Bud's go to hime in here and say that's what AIM is for, but I will still counter that AIM is not optimal in serious downtrends - at least not my models.] Anway, it caused enough waffling that I missed getting the trade in. interestingly, even in hindsight I am still unresolved as to whether I should have taken the trade or not - Monday will be an interesting day... Bob

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