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

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To: matvest who wrote (14332)1/12/2001 9:31:53 PM
From: Bernie Goldberg  Read Replies (1) of 18928
 
Hi,
Most of my AIM programs are set up with single stocks to start off. If I have a stock that immediately drops and there are some concerns about that stock I buy something else when AIM directs buys.
I bought 3COM at 40 and its first move was down. There were absolutely no concerns about 3COMs viability. I stuck with it until it spun off PALM in July of last year. I was faced at that time with a dilemma what to do. Since I wasn't sure which way to go I recombined PALM and COMS into a minifund which has been very successful. Thanks to AIM my last two purchases were of COMS at and average Price of a little over 8. This brought my holding to 1598 shares of COMS and 401 shares of PALM. A few months ago the scale was tipping in PALM's favor. Now it is tipping towards selling COMS. There really isn't anything to worry about. AIM is the compass and I steer the wheel.
I guess if I wanted to buy two stocks in the same industry at the same time I would think about combining them into a minifund at the outset.
Hope this helps.
Bernie
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