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

To: JZGalt who wrote (8413)	9/4/1999 8:03:00 AM
From: Bernie Goldberg	Read Replies (1) \| Respond to of 18928

Dave, Look at the short term perspective that exists with most of the guys here. Try telling someon who invested at a peak and then watched his investmen shrink by 20 to 40% that his investment is going "straight up". I would agree that since the end of June AMKR has gone straight up. With AIM I am betting that at some point in the future it will have a dip or two to allow me to use the cash I am accumulating now. I have a sell signal now, but I am going to do my transactions on the 15th of Sep. On a short term basis, right now I am sitting on 430 shares that only cost me $1685 ($3.92 per share). That is what I main when I say AIM manages risk. I originally purchased AMKR at 7 13/16. That is roughly twice what I have at risk. If AMKR should close at $20 on the 15th AIM will direct me to sell $1085 worth of stock (54 shares). At that point I will have 375 share that will only have cost me $600 as a result of the cash that has been transferred to Cash Reserve. That will bring my net cost down to $1.75 per share on a stock that is valued by Mr. Market at $20. Bernie