To: Bernie Goldberg who wrote (10442 ) 3/19/2000 8:34:00 AM From: OldAIMGuy Read Replies (2) | Respond to of 18928
Hi Bernie, Your thoughts on trade frequency are always appreciated. There's many here that wouldn't be interested in AIM if it was only a monthly or quarterly activity (even if it made them more money!) because of the "helpless" feeling that comes along with not being busy at investing. Remember that some of our better AIMers are former short term traders that just either got fed up with not seeing the sun shine or saw their health deteriorating because of the stress. AIM was already a big stress reliever. Being able to relax and let AIM manage one's investments takes a leap of faith (especially in a week like this last one!). What's interesting is that if we were invested in the NASDAQ Composite and using a full 10% SAFE on both the buy and sell sides, we might have sold some shares the previous week as the index hit a new all time high level. BUT, it didn't fall far enough to have had us even THINK about buying any shares back! I guess if we treated the N-Composite as a mutual fund and had SAFE at 10% for selling and 0.0% for buying, we might have been approaching the point where AIM might think about its FIRST tiny buy, but it probably wouldn't have tripped with a GTC order or any other method. Should we consider the 10% correction in the N-Comp a "missed opportunity?" I don't know. Considering that it broke through the 3000, 4000 and 5000 barriers in just about a year's time, my guess is that a 10% correction is just that - a correction. Not good enough to trim all the fat that's there, but maybe singe off some of the surplus. I don't think it was "the buy of a lifetime" by any means. I'm glad to see the AIM BB remained plenty active while I was away. There were 53 Posts waiting for me to read here when I got back!! I have to run my daughter back to college today, so won't probably get through all 53 until tomorrow. Great work, everyone! I'll catch up with email next week as well. While away, I was able to get the Barrons data for the IW, but not the Value Line. Would you be so kind as to look at the INDEX page for the previous week (Friday the 11th, I believe) and post or PM me the P/E, Yield and four data points from Page 33? I'll need the name, price and gain/loss of the #1 Best, #41 Best, #1 Worst and #41 Worst Performers from my favorite list. Thanks, I appreciate it! I'll be updating both week's IW data as early this week as possible. Best regards, Tom