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

To: budweeder who wrote (12068)	7/15/2000 8:12:21 AM
From: Bernie Goldberg	Read Replies (2) \| Respond to of 18928

Hi Bud, There are some people who will never understand that. Mr. L gives I don't know how many different examples in his book showing how AIM works with different types of investments. He uses his hypothetical stock, different indexes, mutual funds, the entire market etc. He compares investing to a farmer planting his crop, which makes a lot of sense to me. There are some here who would watch a farmer going to market to buy $1000 worth of seed, plant the seed and water it. Then at some time in the future come to the conclusion that the farmer had lost $1000 because the crop hadn't come in as fast as they wanted it to. Some crops mature faster than others. Stocks are the same. You can also add the variable of Market Conditions much as you can include the weather in farming. By the way, I found a new term to add to the AIM lexicon yesterday. A Positive Strewie. Since we are leaving Monday morning for our trip to Seattle I decided to do my 15th of month trading yesterday. I got up early before the market opened and logged on to American Express. Placed an order sell 68 shares of COMS at 68 1/8. Place a few more orders too. Then I started getting ready packing photo equipment etc. Later in the day I was a little bit ticked at myself for not waiting until the market had opened to place my order for COMS since it had gone up another seven points during the day. I thought to myself there's $475 shot to hell. Well I consoled myself by thinking about the nice profit I had on the sale. At the end of the day I checked my account and noticed that I had 508 shrs of COMS instead of the 372 I had expected after the sale. I didn't even think of checking the history page. I called American Express and told them they had made an error. They pointed out to me that the error was mine, I had clicked on the wrong box and had bought 68 shares instead of selling them. It turned out to be a $505 error in my favor. I told Ann I would take her out to dinner on our trip. Made the corrections to Newport and entered a Market order to sell 70 shares of COMS at the new price. The best part of all is that after the sale Monday I will have 438 shares instead of the 372 I would have had. That extra 60 shares of COMS will give me an extra 89 shares of PALM when the spin-off is done on the 27th. Signing off for now. Since we will be travelling I won't be able to do any posting here until late next week. Bernie