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

To: Jack Jagernauth who wrote (8350)	8/30/1999 7:52:00 AM
From: OldAIMGuy	Respond to of 18928

Hi Jack, Thanks. You've mentioned The Money Spinner before, but I've never found a copy. Looks like another trip to Amazon.com is in order! It took a while to figure out how to calculate those next buys and sells based upon minimums. In the end the formulae turned out to be much more simple than I'd anticipated. Bob Norman uses them in his Newport program and they were in my very early (circa 1987) DOS Lotus 123 spreadsheet as well. I didn't realize that someone else had followed the same path about 5 years earlier!! Interesting. After American Century Funds brought out Limit Orders good for 90 days, I figured other fund families would follow. However, as far as I know Am. Century is still unique that way. For stocks, the GTC orders are simple and effective - even if I'm playing "cars" or off doing some other form of "hookie." Speaking of Hookie, I'm going out to play 9 holes of golf some time this week. My neighbor likes to play "Wet Shoe Golf" early in the AM. This will be the first time I've played in about 5 years. Since my neck surgery I'm finding I can do all sorts of things I'd just about given up! Even took the clubs in for new grips the other day! If it goes well, you folks might just be on your own here!!! Best regards, Tom PS: Looks like AMAZON.COM will hunt for the book for me, but it's out of print. I'll let you know if I get lucky.

To: Jack Jagernauth who wrote (8350)	8/30/1999 7:57:00 AM
From: Bernie Goldberg	Read Replies (1) \| Respond to of 18928

Hi, IMO the problem with using GTC orders on a constant basis is that most of the time stocks follow trends. If you put in a GTC order at 36 you will get the minimum sale at 36. If you had given the stock a chance you possibly could have sold many more shares at a higher price. There are times that you could miss a sale at 37 because of a sale at 36. Bernie

To: Jack Jagernauth who wrote (8350)	8/30/1999 6:55:00 PM
From: Dataminer1	Read Replies (2) \| Respond to of 18928

Hi Everyone, Thanks for the responses. I think that the "next available" trade using GTC orders is definitely the most rational way to go, however I agree with Bernie that there is some merit to maybe holding off a bit before executing subsequent trades. My thinking was that if a stock is going from 20 to 40, you are "shortchanging" yourself a bit by jumping at every available sell. It's interesting that AIM is really a master at "sizing your position". The stubborn AIM trader, after getting his first sell, could refuse to part with say 50 more shares at 30, but would be be happy to sell 75 shares at 36. Since we can't know what the stock will do, setting our GTC orders at the next recommended prices, keeping our minimums in mind, seems the best way to do it. Then, we can all go golfing like Tom, and not worry about missing a chance to take advantage of a trade. -OT- I've been to Vegas twice and have a couple old buddies that live out there. I stayed at the Luxor the first time and loved it. Last year when I went, I hit a Royal Flush at the RIO (yes, I had 5 quarters in), which paid for the trip! The funny thing was that the highlight of the whole vacation was the day we drove up to Zion Nat'l. Park in Utah. The most beautiful place I've ever been on this earth. Truly breathtaking! Regards, Bill