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

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To: RFH who wrote (5763)10/3/1998 9:33:00 AM
From: OldAIMGuy  Read Replies (1) of 18928
 
Hi Rob, Thanks for the tale of not being fleeced by Gold! I'm still a long way from being profitable in my gold fund, which was started about the same time as your DROOY account. That's maybe the difference in a fund and a stock. My fund didn't sink quite as far as your stock, but then it hasn't risen as fast either. All in all, Gold has had a pretty good couple of weeks. My Invesco Gold fund FGLDX has risen back above $2 for the first time in quite a while. I'd have to check what the lowest price was at which AIM and I bought extra shares.

A week ago I had some nice AIM/Newport selling going on, but this week all I managed was some further buying. The telecomm crunch this week tickled my ADCT holding into about a 20% increase in my holding. There was some other buying, too, but don't remember the details (I'm at home this AM and my notes are at the office).

Even with my encouragement, it still takes courage to continue to pump cash in to a soggy marketplace. I'm taking some comfort in seeing many of my stocks starting to climb out of the holes they've been in. Maybe they're really Foxholes and have just been trying to avoid market flack!!

Best regards, Tom
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