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Biotech / Medical : GUMM - Eliminate the Common Cold -- Ignore unavailable to you. Want to Upgrade?

To: RFH who wrote (1461)	11/7/1999 2:37:00 AM
From: Mike M	Read Replies (2) \| Respond to of 5582

My initial purchase of 1000 shares on 11/7/97 at 10 1/8 would have given me a current profit of a little over $7000 had I just sat on it. Now, using AIM to manage my investment in GUMM, I'm $17.5K ahead and am still holding 1295 shares. No offense Rob, but your math is kind of funny. According to your own figures, you actually bought 2300 shares between Nov 97 and Feb 98 for roughly $18K, before you sold your first shares. If you had simply held on to those shares rather than all the trading you have done (including the last 9 trades that have all been sells from 7 3/4 to "15 3/8") you would be up $22,000 and have long term capital gains instead of short ones. You would have 2300 shares right now (rather than 1295 shares and the cash to perhaps buy another 700 shares). Furthermore, if the stock were to go up 5 points from here your system would obviously have you selling along the way....But even if it didn't...you would be falling behind $1000 per point in the next upward move.... Your system works OK for a stock that trades in a trading range but once it breaks out and goes on a sustained rise AIM "breaks" down. Regards, Mike