AIM...THE BIG PICTURE... This past week AIM is looking for bargains in several markets. The EMERGING, EUROPEAN, HITECH, INTERNATIONAL as well as NEW-ASIA, and PRECIOUS all qualify for AIM purchases this week. However, we needed to make some portfolio adjustments to the PRECIOUS as our bank account has gotten thin in that area. But we have plenty of CASH available to buy the bargains in the others.
NEW-ASIA will pay off nicely for AIM when the market turns. We have made 5 buys recently in that market. In the INTERNATIONAL funds a BUY is given after two SELLS in June and July. After 5 SELLS in the HITECH market since April, we finally have receive a BUY in the HITECH...We last sold on 9/21/97...We have our second BUY in the EUROPEAN market this month. We last sold on 10/05/97. Finally, in the EMERGING markets we have had our third straight BUY. We sold last on June 29, 1997. So AIM has been right on target with the BUYS and SELLS when looking at the BIG-PICTURE.
As AIMers know, a SELL does not mean 100% liquidation. It means that the market in question has moved high enough to take profits and stash the cash away for opportunities like we have had the past 30 days.
AIM is a money management system, not to be confused with INVEST N BEST strategy, which seek out the best funds with the greatest profit potential in the present market environment. That being Retailing, Utitlies, Food, and Air Transportation....Finance and Health and Value funds are holding their own also..We will look at some of these in future posts.
Have a good week
Jim |
