Ultra OTC Fund - UOPIX Message Board

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Strategies & Market Trends : Ultra OTC Fund - UOPIX

UOPIX 143.01

-1.1%

Dec 15 4:00 PM EST

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To: bob wallace who wrote (655)	10/4/2000 11:17:58 AM
From: OldAIMGuy	Read Replies (1) of 2063

Hi Bob, Those shares I purchased yesterday at $60.67 look just fine in the account. Current profit is now shown to be about 77% overall since starting 20 months ago. This current price is as low as we saw back in May, I believe. I have a bit more cash on hand now than when I bought shares in May at $60.80 because of AIM's interim profit taking. AIM now shows that I'll sell a 5% order if the price rises to $88-3/4. If the price stays down enough for me to make additional buys that would use up all the remaining cash, I'd have a "Next Sell" price of about $80/share. There's some extra cash available that's been generated by the bond fund, but not enough to do any serious buying. (maybe an additional 5%) This account is more like an IRA than a personal account in that the organization is tax exempt. However, it also rarely receives any "fresh" cash either. So, we have to live with what we have. I'm finding it stimulating to watch the "history" play out. My fellow alumni had the money stuck in a passbook savings earning a whopping 3% or less before I took over 20 months ago. So, we're still way ahead of the "non-management" that was going on before. Best regards, Tom

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