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

To: LemonHead who wrote (8386)	9/2/1999 10:39:00 AM
From: JZGalt	Read Replies (3) \| Respond to of 18928

Easy answer. The ones that go straight up are not suitable for AIMing and paradoxically the ones that go straight down are not suitable either. <grin> ---- Dave

To: LemonHead who wrote (8386)	9/2/1999 11:34:00 AM
From: Bernie Goldberg	Respond to of 18928

Hi Dave, How are things going? Easy answer to that question. In my opinion just about all stocks are suitable for AIM given a long enough time frame and providing one wants to limit risk and still be exposed to the returns available from the market. I can give as an example Summit Technology (BEAM). Purchased in Dec. 1998 at $5.0625. AIM program started with $6500 stock value and $3500 cash value. Stock move all the way up to $29 and change and was AIMed all the way with sell transactions on the 1st and 15th of every month. At the time it hit 29 you could have said that AIM hadn't done a good job. I started with 1300 shares, and now I only had 400 left and of course I didn't sell all of those shares at the highest price. That of course would have not been taking into consideration $14000 + that the cash reserve had grown to. That is not considering the 4.8% dividends paid on the cash reserve. Every few months or so I take the extra cash reserve out and my wife and I have a free dinner on AIM. Sometimes it takes a weekend to have dinner. Well, to complete my tale, BEAM is now doing something very unusual for a stock that has made a move from $3 to $30. It is correcting. (How about that!) It is now down in the $15 range, I have two AIM directed purchases. I still haveover $12000 in my cash reserve, $8500 more than I started with. If I should be lucky enough that BEAM will drop all the way to $7 I will have doubled my money on a stock that has only gone up 40% for Mr. B and H. If it doesn't go down that far I'll just sit on my cash reserve or add to it. Now we're only talking about 9 months which in my opinion is not very long for an investment. IMO I think I will achieve somewhat similar results with AMKR. Only T I M E will tell. Bernie Hope you're feeling a little better with the chemo.