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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?

To: Calvin who wrote (726)	8/5/1999 8:44:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 1413

With the price now off about 33% from its IPO price, I'm starting to get a serious itch to buy shares. Originally I pre-subscribed for some shares through my W account, but because I wasn't glued to my computer in after hours, I missed the "reconfirm." Ah, the wonders of the FATES! Another of my stocks (and maybe the 3rd or 4th this year) was bought out the other day at a price in the $15s. What a coincidence! Looks like TWE wants to take that spot on the bench. Although TWE hasn't looked that good in practice or the warm-ups, its potential looks too good to not pick it up in this round of the draft. Over the years, I've used lots of the brokerages (WHO, PW, AGE, RJF, BQR and HQ) for trading. All were traded successfully and profitably. I think I know how to do this properly and make money. It's the understanding that these stocks have the potential to FALL in price by easily 50% from their highs that is necessary. If one is not prepared to add to one's position as the price collapses, it ain't any fun. So, where do we come up with the cash to add to the position? By selling off shares when the price is rising. To be sure, starting with TWE at $24, we would not have had that luxury. However, averaging down at this juncture looks like a good idea. Then we'll take some LIFO profits as the price recovers some time in the future. The method I use is a simple math equation called AIM. Wish me luck! I'll report my starting point later today. Best regards, Tom