Biotech I-Shares (IBB) Message Board

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Biotech / Medical : Biotech I-Shares (IBB)

IBB 172.26

-2.5%

Jan 8 4:00 PM EST

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To: Rich23241 who wrote (45)	3/13/2001 7:55:55 AM
From: matvest	Read Replies (2) of 75

Hi Rich, Glad to hear your limit orders were filled without a hitch. >>>Just wanted to mention that I placed another limit order in IBB for 7 shares at 79.65 and this got executed today too<<< I don't know if your following the AIM user board, but if you are you will find that a lot of us do not make more than one buy or sell within the same week. IF you have read Mr. L's book (if you haven't you definitely should) he recommended doing your updates once a month. In that way you wouldn't buy or sell more often than monthly. This served three purposes. First, it made using AIM take less time. Second, it made tracking lots for tax purposes reasonable. Both of these have been relieved by the use of computers and specialized software. Third, it kept you from buying or selling too fast in a fast moving market. For example if you start with a 30% cash reserve and a SAFE of 10-10, and the stock goes down 30% over a week and you keep buying you can run out of cash real fast and long before the decline is over. My compromise is to only buy or sell weekly. I update my AIM portfolios in Automatic Investor daily when I am home, but only update my GTC orders on the weekend or in the case of a buy being executed, I will update the sell order in mid week. Remember one of the goals is to go slow enough to not run out of cash on the down side until the bottom. Even following my weekly purchase rule one of my AIM holdings, TQNT, ran out of money 32% ago. If I was trading monthly I would still have some powder to buy at these low prices. Are you planing on going to AIM 2001? Larry M

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