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

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To: Jack Jagernauth who wrote (5092)7/15/1998 9:49:00 PM
From: OldAIMGuy  Read Replies (1) of 18928
 
Hi Jack, There's been some comment on letting Cash Reserve go negative on some of the AIM accounts. It's true that the gains, once recovery is in sight are magnificent, but the cost of debt keeps me from using margin. Since I'm essentially retired, I can't afford any debt whatsoever. The carrying costs would eat me alive in a dull market.

I just wish that there were some folks in Wa. D.C that felt the same way.

I appologize for not getting the Idiot Wave figures up this week so far. I was inundated with email and the posts here on the BB when I returned from Watkins Glen and now I'm busy getting ready for this weekend's races at Elkhart Lake, WI. We have friends from England and all over the US coming through our home and up to the race track. If I get some time tomorrow to collect the data and get it posted here, I will. Otherwise, it'll be another double report next week.

I did note on my answering machine that I'd bought some CDC shares and sold some ASND shares over the last few days. It also looks like I'm due to sell some more TWCUX shares in my IRA and some accounts that I manage for some others.

Best regards, Tom
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