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


To: OldAIMGuy who wrote (9657)12/21/1999 9:38:00 PM
From: Steve Grabczyk  Read Replies (2) | Respond to of 18931
 
Hi all:

Got another sell today in COMS. I've been AIMing this since November 1st, and (according to Newport) I'm up 58% so far. In that 7 week time frame I've had 8 sells and 1 buy (besides the initial purchase). Given all of the recent discussion here on entry timing in early November, and historical gains in December and January, it's small wonder this has done so well.
Maybe we'll see a little retreat later this month and I can buy from the scared. The greedies out there may be running out of money.

Off topic, but here's another 'woulda-coulda-shoulda' story......
.....Internet America (GEEK) shot up 150% today on no news. ON24 the audio news site said that it was all caused by day traders. The whole float must have turned over many times. They happen to be my ISP, and I considered buying them last week. I didn't. Had I; I would definitely have sold my whole position @ $12. The Yahoo message board added over 700 posts today. The vast majority of the gain occurred within the last 1/2 hour of trading. ON24 said that it fell $3 in afterhours trading.

Sure glad I'm not a ticker addict. It would have been very easy to get sucked into that mess today.

Regards, Ever-observant in Erath



To: OldAIMGuy who wrote (9657)12/21/1999 10:51:00 PM
From: fuzzymath  Read Replies (1) | Respond to of 18931
 
Yes, greed is rampant. This NASDAQ surge as bonds tumble is a bit much. The Fed will raise rates early next year.

That Value Line statistic is incredible: half up 100% in 13 weeks? The last time I bought Value Line (more than a decade ago) they followed mostly older established companies. I guess they follow some newer companies now.

Your studies make me want to pull out my old valuation models, to see how their results compare with yours. For example, I remember that my model thought the market was about as undervalued at the Gulf War bottom as it was in late '87 after the crash. I advised anyone who wanted to listen then that, according to my models, that time in '91 was a great buying opportunity, a chance to catch up for people who sold and stayed away out of fear after the '87 crash.

Kevin