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

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To: LemonHead who wrote (14317)	1/12/2001 12:19:11 AM
From: Jack Jagernauth	Read Replies (6) of 18928

Hi Keith, That's a good question. I have at least two AIM accounts, in my tax-deferred portfolio, that are under water. I noticed that Tom dumped LU recently and that is (or probably was) a 'blue chip' stock. I know what Tom has said sometime ago about taking the money that is left from a hopeless AIM account and starting a new AIM account in a security which is more promising, allocating appropriate cash reserve, i.e., not investing all of the remaining amount in stock. GAC.TO is very deep under water and the way I look at it is that AIM discipline requires that I not add cash to the account. Also, right now is the worst possible time to exit; it makes no sense to sell now. GAC.TO may or may not come back all the way, but I am not willing to exit at the bottom. If I decide to exit, I will at least wait for a bounce...they always seem to come along. I have another question to add to yours. Why is that it seems okay for AIMers to consider exiting a loser at the 'bottom' and not consider exiting a winner at the 'top'? I wish you luck with your deep divers. Sincerely, Jack

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