Dear DLL, I just looked at a chart of SBUX, and feel that this would have been a very difficult stock to manage with AIM as a first timer. You would have been buying and buying from July to September, possibly busting your cash reserve, and hopefully not busting an artery at the same time. However, had you persevered, you would have been rewarded big time by the huge advance from July to the present. It reminds me of one of my AIM investments, IIT. You can see the similarities by checking out the second image at:
elnet.com
Here we see the stock going from 19 3/8 all the way down to 4 5/8. By the time it bottomed, I was holding 2,915 shares after an initial investment of just 600 shares (when I turned it into an AIM account). SBUX only declined by about 50% from its highs (around 59 to 28). However, one can not predict what will happen in the future with SBUX, as I am just judging the suitability by its past performance. 20/20 hindsight, of course. Take a look at a chart of SUGN as an AIM candidate. If I had some spare cash, I would seriously consider this one.
Just my 2 cents.
Sincerley,
RFH |
