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

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To: LemonHead who wrote (7153)	3/26/1999 8:22:00 AM
From: Bernie Goldberg	Read Replies (1) of 18928

Hi Keith, Don't mind at all. One of the things that I have learned while using AIM is that stocks that go up go up, and stocks that go down go down. I know that sounds like a stupid comment, but for me AIM is a great simplifier. Some things are so fundamental that any explanation comes off sounding stupid. About 2 years ago I started buying oil stocks. While they were going up everything was marvelous. I was selling every week. I then had too much cash so I did Vealies galore every week at the end of this orgy I even remember doing either 2 or three Vealies on one stock in one day. It wasn't ever going to end. HA! HA! HA! Well it did. The oil sector started going and I started AIM directed buys. Slowly at first and then faster. I was buying every week because there was no way I could run out of Cash Reserve. After all, Saddam Hussein was sure to do something stupid. That would cause oil prices to go up and oil sector would respond. The winter would be cold and oil prices would go up. All you had to do was watch Squawk Box every morning. At least twice a week there will be some expert on who will present whatever side of an argument you want take. Well, it didn't take too long for to run out of cash. I had lots of shares which were going to go up when al of the above things took place. As we know they didn't and it is now Spring after a mild Winter. Because of OPEC the price of oil has finally come up a few dollars a barrel. I am almost to the hold stage on my oil holdings. You see AIM kept telling me to buy as the price of these holdings went down down down. One of the things in Mr. L.'s book is not to take money away from a good stock's cash reserve to add to a poor performer. That's another rule I didn't follow: *O N C E* It's the ONLY time I have lost Money using AIM. If I had stuck to the routine I would be profitable with my oil stocks now instead of not quite break even. Because of all of the above i stick to a routine of doing my buying and selling on the first and fifteenth of every month. The only time I diverge from this is if I haven't had any action for a month or two on a stock I put in my limit orders. This is what triggered the sale of BEAM at 6 1/16. Hindsight is always 20/20. If I had waited till the end of the day I could have placed an order for more shares at 8 15/16. I don't worry about that right now it's at 10 1/4 and who knows where it will be next Thursday. There will be some times when I miss a transaction because of patience. There will also be times when I will increase the size and the profits in a transaction. Hope this answers your question. Many on this thread would buy every day or twice a day if they could. I don't think AIM was meant to work that way. Bernie

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