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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: OldAIMGuy who wrote (7851)	6/30/1999 9:39:00 PM
From: LemonHead	Respond to of 18928

Hi Tom, I know I keep hammering at this but I think you've hit the nail on the head. If we're going to buy good companies with great futures, I think that is the initial trick that makes or breaks us. I have one extensive watch list that I am tracking. I've tried to be very objective with this list and it has been brought to my attention that I can not come to any conclusions after six months. But on the other side, I can't wait 3 years to decide if I've picked the right investment for the next 10 years. I'm guessing that you and Bernie have swept many items under the carpet in the last 20 years, us newbies are trying our best to capitalize on those experiences. We are here with the same goals and the same reasons, arriving at a latter date. I just can't emphasize your words enough. If we're going to buy good companies with great futures, You can not grow luscious tomatoes in unfertile ground, and to be the best farmer you have to deal with the volatility of the weather. You can only master this after years of experience. Where am I going? My point is your point. Good companies with Great Profitable Futures. Somehow at some point we have to convince our selves that we have the ability to pick the best of the litter also. I think I'm close, not there but close. Then I too aspire to be an AIMer and when Bernie turns off the Sunday Ball game to update his AIM charts, I'm right behind him. Nothing has stuck more in my mind than the following two statements. You sometimes don't even check the Market, and it only takes 30 minutes a week to update Newport. That is one excellent management accomplishment. Now there are Three of us on the Soap box, maybe we could start a band. Lets see we need a name, call us The Fools in the Pool, Three in a Tree, Nuts on the Water, what ever. But one more and we got to move to a platform on the back of a truck, Four makes a circus<ggg>. Keith

To: OldAIMGuy who wrote (7851)	6/30/1999 10:33:00 PM
From: B. J. Barron	Read Replies (1) \| Respond to of 18928

Tom...thanks for the clarity on jbl and lu...you partially answered the ?...but before i embarrack on working up a msft and then buying it at current $ level, is this a acceptable method to begin a aim position that one plans to stay with for the long haul?? i bought csco in 1991 and when it doubled, thought it was a smart move to take the profit and run...but since everytime i have studied it always seems to pricey for me...boy has that been a missssstake...what im asking and feel free to decline, can one ignore current $ in a good stock and make your first position to get the ball rolling or is it better to go the route of Jeff and look at those near the 52 wk lows...problem i have with bottom fishing is just where is the bottom...i find bottom fishing one of the more difficult strategies to make profitable...it could and has turned into 0 for me ....thanks as ever...bj