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

To: steve in socal who wrote (8072)	8/5/1999 8:27:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Steve, I always marveled at D.R.'s ability to get his hooks into people in the audience. Could I surmise that your Ex-wife didn't enjoy the show as much as you? :-) Hope Don apologized for messing up your marriage! The thunder of laughter in reaction to the blunders I've made has kept me humble (well, sort of). The other daily humbling experience comes from posting here and having that darned Spell Checker looking over my shoulder!! Sometimes my spelling is so bad that I confuse the spell checker completely! Are you prepared for a Pub Crawl when you arrive in WI? Best regards, Tom

To: steve in socal who wrote (8072)	8/5/1999 10:27:00 AM
From: OldAIMGuy	Read Replies (3) \| Respond to of 18928

Hi Steve, Temptation overwhelmed me this AM. I took the proceeds from the CGEN buy-out and took AIM at TWE (Toronto Dominion Bank's Waterhouse WebBroker business). I started this position with a modest 1000 shares at $15-9/16 and an equal cash reserve. The price is off about 33% from its IPO start of $24 and a peak of about $27. I don't have a clue where fair value is on it, but AIM will help me figure that out. I am just playing "Vulture Veale" here picking at the bones of the IPO enthusiasts. It's with considerable experience with brokerages (WHO, AGE, RJF, PW, BQR and currently HQ) that I feel that this stock has good AIM potential. Knowing that the price is already discounted by a third from the IPO emboldened me this AM to enter the order at the market. That and the horrid press that the on-line brokers have been getting as of late on CNBC and other places. Using a 50% cash reserve should allow me to do some serious buying to the single digits, should the price continue its fall from grace. With the Idiot Wave still showing High Risk this week (although unchanged) I see no reason to be in a hurry to do anything but establish my AIM account and figure out my trade range. My brokerage accounts of the past were "pre-vealie" in nature. Even so, I made a pot full of money with them. Also raised a nice sized pot full of cash. This time I'm using "vealies" to cap the cash reserves at the IW stock settings. This is the first "new account" for me in a long time. Starting a new account with the IW in the high risk area has been something that I normally have avoided. In this case, I looked at the brokerage sector in general and decided that they have had their fair share of abuse already - maybe not bottoming yet, but certainly good discounts to previous highs. techstocks.com Best regards, Tom