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

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To: ubrx who wrote (14)	2/12/1997 11:21:00 AM
From: OldAIMGuy	of 18928

Hi Jim, I'm afraid that you are painfully perceptive! Actually I've come to have more equities than I like (I prefer about 15 max.) because of the market's pecular action the last few years. I added MXF, VTO and ICA after the Peso got bashed two years ago. No reason to sell them yet. I added the Brokerage stocks to my portf. in '94, but have now weeded them out (except for 100 shares of BQR which I've saved to keep my graphs looking good!). The brokerages were very good for my account and good AIM stocks, but I finally sold the majority because I felt that they'd done about all they could this rally. Little did I know that they were going to start a merger mania of their own! I've now missed an additional 20% on BQR by selling out! I'd say the most common reason I end an AIM account is that there's been a change in the fundamentals of a stock that take away its AIM trading range. I get bored and sell. I did that last year with IGT. Again I was a bit early with my boredom and would have made nice change in its rally to over $20, but then again, it is now back in the toilet. If the BETA dries up on a stock and I see the 3-5 year growth projections start to decline, I usually pack my bags and take AIM at something new. So, as you have just read, I've used just about all of your suggested alternatives to rid myself of unAIMlike stocks. AIM requires such long patience, that it's tuff to guess when to call it quits. The best judge is to try to get a handle on its 3-5 year projections. My basic rule is if Book Value and Sales aren't going to double in the next 3-5 years, then it's time to sell. I use Value Line's projections for this sort of thing. Best regards, Tom in Packerland

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