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

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To: steve in socal who wrote (4196)2/19/1998 1:48:00 PM
From: OldAIMGuy  Read Replies (2) of 18928
 
Hi Steve, Yet another SALE today! VLSI shares rose up to meet my gtc order to sell 4% of my position at $25-3/8. This is the first time I've been able to sell any shares since last September! That's a long dry spell!

This sale takes the cash reserve back up to 16% of the this account's value. Since VLSI doesn't pay a dividend, the earnings on the cash are much appreciated.

This account is now within 12% of its former high water mark set last Sept. At the low point near the end of January, this account was off about 30% from the high. It's interesting to note that the stock price was off 49% but my AIM account was off just 30%. Again, AIM cushioned the fall.

Now it looks like AIM is doing a good job of inventory control and rebuilding the cash reserve for the next price cycle. We'll part with about the same number of shares when the price hits $26-1/2. Currently, our next buy price is at $18-1/4.

Best regards, Tom
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