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

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To: SS Heatwole who wrote (15078)	3/1/2001 9:15:18 AM
From: OldAIMGuy	Read Replies (2) of 18929

Hi Scott, At the beginning of the year I had the feeling that this might be one of the better AIM periods. With the market churning around, we should be able to pop a few orders on each the buy and sell sides as long as it goes on. This is nice, because although we're not moving a huge portion of our total portfolios, still we're turning very nice LIFO gains on each round trip. This lets us collect some rent on each cycle. AIM does its best work in a trading market. The nice thing to remember is that if one is 50% cash at the market top and buys all the way to 0.0% cash at the bottom, if the equity value only returns to where it was, the whole portfolio goes up by about 30%. There's nothing wrong with that. It means that you're 30% ahead of the person who "froze up" in panic and did absolutely nothing. I've not had very many chances to be 100% invested since starting my AIM portfolios in 1988. After each one had passed I was all the happier that I'd found Mr. Lichello's book. WCOM's lay-off news actually drove the stock down yesterday. I think after the wunderkind of Wall Street think about it a bit they'll realize that this is probably good news. Best regards, Tom

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