Hi, Steve. You made an astute observation regarding the redemption of 1000 shares. This occurred when the market was melting down about a year ago. I was quite over-extended at the time, and realized that I would be running out of cash very quickly if the market were to continue in its downward spiral. I liquidated shares in most of my AIM investments, and even completely sold out of a couple of them to raise cash. I adjusted the portfolio control in a way suggested by Tom Veale, but to be honest with you, I don't remember exactly how I did it. The important thing to me was that I needed to have an ample supply of cash in order to continue playing the AIM game. Playing the game was and is more important to me than sitting on the sidelines with no cash, hoping that the April plunge was only a temporary pause in the tremendous bull market. The amount of cash raised in the liquidations gave me the correct stock/cash ratio at that moment in time. As it turned out, the market kept on sinking, and I was able to resume my AIM trading with fewer shares and ample cash. I'll admit that this was contrary to everything that is held dear to this discussion board, but for me it was the right thing to do.
I sold half of my positions in Netrix, Wendys, Gumtech, and IIT. The portfolio control was adjusted in each of these adjustments, and it all turned out well.
See you in LV.
Sincerely,
RFH |
