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

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To: velobob who wrote (14614)1/27/2001 9:06:04 AM
From: Bernie Goldberg  Read Replies (2) of 18928
 
Hi Bob,
It is easier than that. All you have to do is to ADD shares. Newport will ask for the date, how many shares and at what price. Newport will then make all the necessary changes. This is covered in Additions/Redemptions in the AIM help file.
If you are interested in what those changes and the reasoning for them are, here goes.
Since you are adding $3,000 to your original investment you are increasing the amount of $$$ you were willing to have at risk in the market when you initiated the AIM program. Therefore, 3000 must be added to Portfolio Control which is AIM's Commander in Chief to quote Mr. Lichello. (Page 45-46).
Repeat, when you use the ADD shares function of Newport, Newport will make the change for you. This is a procedure that is different from buying shares as AIM directs.
Hope this helps.
Bernie
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