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

To: SS Heatwole who wrote (9430)	12/1/1999 9:45:00 AM
From: Jack Jagernauth	Read Replies (1) \| Respond to of 18928

Hi Scott, by all means, add to the dialog regarding Vealies. Good questions! I'll defer to Tom, since he is the ultimate Vealie. That is an interesting idea you have about pre-calculating the Next Sell Price at which an actual sell, and not a Vealie, would be triggered. The calculation might get a little complicated (but do-able), if there are additional Vealies along the way to the next actual sell price, which could end up being 'unbelievably' high. It's like jumping ahead a few steps. My personal preference is to take it one step at a time. If after pulling a few Vealies, the price gets into decline mode, I just might decide to take some money off the table at that point (judgement call), which might be below the Next Actual Sell Price, as determined by the above calculation. You brought up some interesting ideas and issues, and I am interested to know what others think. Regards, Jack

To: SS Heatwole who wrote (9430)	12/1/1999 5:17:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Scott, Yes, I've done exactly as you've described at times. However, since the Idiot Wave's suggested cash reserve is a moving target, sometimes when the "new" price is finally achieved, it might be time for a sale or a 'vealie' depending on which way the market's risk has been moving. So, I just do the "vealies" as they come and assume that I'm done for the week. Next week's a new ball game. (just like with the Packers VS SF!) I understand your concern about not wanting to miss a "Sell" opportunity. Again, it all seems to work out without upsetting the "PLAN" too much. Hope this helps, Tom