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

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To: JZGalt who wrote (5178)7/24/1998 12:57:00 PM
From: JZGalt  Read Replies (1) of 18928
 
Falling knives!!

The oil service sector is definately going into freefall at this point. With a brief lull in the process Thursday, today is a wipeout. If the volume would pick up it would be almost a capitulation.

Offshore Drilling Bits AIM'd portfolio issued 4 buys (so far today) and the cash is dwindling fast. I violated the traditional AIM by buying the same stock multiple times during a brief period, but....

Total cash left in the portfolio stands at 13% down from the original 25% cash, but cash in the individual stocks is as low as the last 5% (one more buy, then....).

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