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

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To: Bernie Goldberg who wrote (15424)	3/30/2001 8:52:05 AM
From: OldAIMGuy	Read Replies (1) of 18928

Hi Bernie, Yes, it's no fund to only play half the AIM Game. If one starts with inadequate cash reserves, then the Sell side is all that's available. From personal experience I know this to be true. When I started AIM in Jan of 1988, I started all of my accounts with essentially zero cash. The reason was that I'd just spent all my cash doing AIM-like buying during and after the "crash" of 1987. A year later I had at least some comfort level in my cash reserves. By the 1990 Bear, I had managed to bring the reserves up to full power and was ready for that down-turn. As many have found out, there's no quick fix for a market with a bad attitude. Either way Duke starts, there will be FIFO losses on the first couple of sales. It's a matter of how quickly the LIFO gains start to repair the initial damage. If we assume the market price of the security is yet to fall another 50%, then your way would add the most comfort. If we assume the market bottom for that security has already been reached, then AIMing from the $20 price would be better. Those are two big IF's! Best regards, Tom

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