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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 (8802)	10/8/1999 2:56:00 PM
From: steve in socal	Read Replies (2) \| Respond to of 18928

hey keith---bought into GNSS last week, so the count is four!!! sk

To: LemonHead who wrote (8802)	10/8/1999 3:40:00 PM
From: OldAIMGuy	Respond to of 18928

Hi Keith, Maybe Lichello U. is a bit much. How about InterNet University, Major in Lichello! I provide plenty of B.S. for the degree! Re GNSS: I'll be trading 10% of the position as minimum trades for now and have both the buy and sell Resistance (SAFE) set at 10%. This gives me my first SELL point at $24-3/8 and my first BUY point at 16-1/8. It's a pretty big Hold Zone, but it looks like the 52 week range will give me plenty of profitable action along the way. I looked back at Dave's notes and played with the idea of trading when the price approaches $30 instead. Around $30 is what Dave is calling "fair value" on the stock. At about $28, I'd be selling 20% of my holding. At about $33, 30% of the inventory would leave the Warehouse. Well, after reviewing the chart again, I decided to stick with my minimum trade at $24+ as that will raise the next "buy" price up to nearly $18. My feeling is that it might bounce a few more times before going on to the $30s. I'm using the Idiot Wave's suggestion of 45% Cash Reserve for starters. I'm looking forward to using the cash or perhaps having some "vealies" happen along the way as well. Hope this helps, Tom