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

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To: Bruce A. Bowman who wrote (6394)12/11/1998 7:40:00 AM
From: OldAIMGuy  Read Replies (1) of 18928
 
Hi Bruce, The internet stocks are almost a splinter of a sector! :-) Hardly any room to maneuver. If AIQ would identify such a small segment of the capital markets as a bubble in an otherwise normal market, that would certainly be of value.

One AIMer I know took a quick "vacation" from AIM to trade Egghead. He bought at $18+ for a quick turn and watched it take off to the happy side of $40. He then got caught as the price collapsed. He couldn't get through to Waterhouse by computer or phone very quickly and by the time his Sell order was placed and executed he got about $25+ for the shares.

Now here's the difference between an optimist and a pessimist! Should he be happy about the 33% gain he made in a quick trade or crushed by the "loss" of not getting the shares sold at more than 100% gain?

I asked if AIM could have done better. He stated that AIM wouldn't have had a chance to get going since all this happened in just 3 days! I guess I'd take a 33% gain in three days and be pretty happy! What's that annualized????!!!!

Wouldn't it be nice if all our "vacations" were as profitable?

Best regards, Tom
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