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


To: fuzzymath who wrote (11175)5/20/2000 9:09:00 AM
From: Bernie Goldberg  Read Replies (2) | Respond to of 18928
 
Hi,
I can tell you two teary tales, but I'm smiling with both of them. MRK is right now down 6% from it's January 12th price.
that's when I restarted my Newport after a minor Y2K glitch.
At this moment I have a 3% profit for that time period with a 14+% increase in the number of shares owned. Just smiling and waiting for this to be over. The percentages do not include the dividends that MRK pays.
Being aware that the NASDAQ has done so terribly that everyone is talking about it almost to the exclusion of everything else. I'm sitting on a 67% profit in UOPIX since 1/11/99 with a 25% increase over the number of shares I purchased in 1999.
COMS is yet another success story. But the outcome of COMS is awaiting the July spinoff of PALM.

LIFE IS BEAUTIFUL
Bernie



To: fuzzymath who wrote (11175)5/20/2000 10:09:00 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 18928
 
Hi Kevin, Well, the folks threatened to buy me a new wallet while in Vegas. They thought the paper one I use (that the bank gives me every time I visit) was looking a bit tatty.

Instead, they knocked me down and stole it from me. Luck would have it that it was empty (the usual case) at the time. So, for the rest of the night I had to depend on others to provide my beverages and tobacco! Some were silly enough to continue providing for my needs until Breakfast was available.

Your comments help confirm the thought that many are now being a bit tighter with their purse strings. Norman Fosback always said that the Mutual Funds were always heaviest with Cash as markets neared their bottoms. Maybe it's a good sign! I posted an article about relative bargains before reading your note. Again, more caution. Not being one to throw money around (I was even accused of being a tightwad!) doesn't mean that I won't buy something for the Warehouse when the price is right. Well, prices are better than they've been in a while.

I plan on putting up the Idiot Wave data for the last two weeks later today. I didn't quite get it all done with the chaos of Thursday and Friday. The good news is that the IW measured risk continues to decline. The IW Oscillator continues to be negative indicating more decline to come. If there's bad news here, it would be that we're still above the very long term "average risk" value of the data since 1982. (not very far, however)

I guess the mirror image of things getting worse for some investors is things getting better for AIM users!

Sorry you weren't there!,
Tom