David, this stock only came onto my radar recently....I have never had a position in it before until now...I daily follow around 200 stocks, and up to this point, AIMM was not on my charting program...Apologize for missing its dismal downturn...I receive stock picks for further evaluation from trusted friends(no newsletters or magazines), and via Investor's Business Daily..I run each stock through a battery of 20 technical analysis tests before I would even consider purchase...Presently, I am at a 62% rate of good calls verses bad for 97...I feel that a good techncial analyst can make between $50,000 and 100,000 a year part-time in this market, and I am already in that ballpark after 6 months of 97...I have a full-time job totally away from the market environment...Many times I look for reversal points and the possible beginning of a new trend...That is where you make money....If you look at AIMM, this one has been battered...It has a nice rounded bottom...The stock is trading below book value...My oscillators are showing a bullish divergence with price...Maybe I won't be able to call an exact bottom on this one, but I am willing to wait three months to make at least 50% on my money...
I still feel that the initial run, when it happens will be to the 3.31...I will probably only be in the game to that level....Regards, Mark |
