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

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To: mark collins who wrote (6881)	2/22/1999 7:34:00 PM
From: Bernie Goldberg	Read Replies (3) of 18928

Hi, This is not a direct answer to your question but may help you from making a common mistake. I ran a test using PCA and Mr. L's hypothetical stock for 7 years. I was curious to see what would happen if he had bought in not at $10 a share but rather at $5 for his initial purchase. The results are quite interesting. If you start at 10 with the stock never closing higher than 10 you will indeed end up with $1,173,55. If you are really SMART and start off with the ABSOLUTE bottom you will only have about $650,000 at the end of the period. I personally believe that there is too much emphasis on picking the right entry price. AIM is a long term not a short term strategy. i hope this helps. Bernie

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