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Non-Tech : TD Waterhouse Group (TWE) -- Ignore unavailable to you. Want to Upgrade?


To: CIMA who wrote (1234)8/7/2000 4:23:42 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 1413
 
Thanks for the news CIMA,

I let 4% of my TWE go today at $19-5/8 for a 25% LIFO gain since around the 1st of June.

By coincidence, my overall TWE holding is up 25% overall, including the healthy Cash Reserve I keep for the account. This is of interest in that the account is just a year old this week. Now 25% isn't anything to get too excited about sometimes, but it's not too bad for the first year in a new investment.

My new "hold zone" where no trades occur is from $15-3/4 to $20-3/8. Above and below those prices, I have limit orders set to buy (on the low side) and sell (on the high side) should the market price of TWE be so kind as to move far enough to trip my GT-60 day orders.

Looking back, I'm glad I didn't receive any shares of the IPO. I started my account with shares purchased at $16-13/16 or 16.7% below the price I got today. So, with some minor trading around the core holding, the account is now up 25% instead of 17% and I'm holding 27% more shares than when I started. My cash reserve is 15% below where I started. Current Equity/Cash ratio for this investment is 71%/29%. Here's the current graphs of my first year with TWE:
aim-users.com

Best regards, Tom