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

To: RFH who wrote (7986)	7/19/1999 8:28:00 AM
From: OldAIMGuy	Respond to of 18928

Hi Rob, Don't those GTC orders that pop near the intra week highs look great on the graphs? Nice job on GUMM. I noted on JBL that your Cash Reserve is already diluted to JUST 48% of the total value! With your first trade at $50, your cash reserve will still be adequate for this stock in my opinion. What I usually do is wait until the cash reserve drops to 10% less than what the Idiot Wave is suggesting. In this case, the IW is suggesting 50%, so I'd resume selling again when the cash reserve fell to 45% of the total value. In the mean time I'd do "vealies." In the past when I played around with starting new accounts with under-funded cash reserves, I was forced to sell as soon as AIM suggested. This was to bring the cash reserve up to where it really should be. Your "reward" for starting with plenty of cash is that you can let those shares ride a bit longer before your first Sell. Last week the Idiot Wave dropped from 51% to 50% and the IW Oscillator remained a negative number. Should the IW continue to drop (I don't have a clue as whether it will or not) soon the Cash Reserve will match what you are currently showing. Interesting, isn't it? Best regards, Tom