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

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To: OldAIMGuy who wrote (5337)8/15/1998 7:44:00 PM
From: $$hungry  Read Replies (1) of 18928
 
Tom, I believe you may have misunderstood my question. You touched upon the dividend reinvestment part of DRIPS. What I was questioning was the buying part. For example, if AIM tells my to buy and my stock is in a DRIP account, I would write a check and send it to the company/transfer agent. The problem I see is that by the time the check arrives and they invest it (2-3 days later), the price of the stock may be much different than what it was when AIM told me to buy.

Unless someone out there knows of a DRIP plan that does online buying, it seems to me that DRIPS and AIM won't mix.
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