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Strategies & Market Trends : A.I.M Users Group Bulletin Board
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To: RFH who wrote (4548)4/27/1998 2:17:00 PM
From: Bruce A. Bowman  Read Replies (1) of 18928
 
I guess I'd suggest that you "dance with who brung you to the ball". AIM has worked well getting you here and should do a good job collecting the rewards. I assume that you have this large sell recommendation because you're using some non-standard settings in AIM (maybe buy & sell resistance set to 20% each?) and also that the sell at 3.125 is less than AIM might have recommended at that price. If that's the case, what you're seeing now is AIM "catching up" on the other side of the trade. It's unlikely that a gold stock is going to have a smooth assent forever, so in all likelihood you'll get your chance to reclaim those shares at a lower price.

Bruce

ps- as an afterthought, if you're using Newport, have you checked your minimum sell value relative to current portfolio control? You've had a lot of buying and PC has been incrementing up. In my case, I reset the minimum value to trade each time a buy is made. One of the things that happens with Newport (or an Excel spreadsheet for that matter) is if you use "What If?" to calculate the next sell and you set the minimum value at 5% (per Mr. L) of the depressed value of your account, that 5% minimum is going to be quite different as price rises. This is what has prompted me to depart from Mr. L's approach and instead use 5% of PC since it remains unchanged until you have a buy.
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