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

To: Jack Jagernauth who wrote (12767)	9/10/2000 12:36:08 PM
From: LemonHead	Read Replies (1) \| Respond to of 18931

Hi Jack, The youngest member of our AIM club started his 1st AIM account with WCOM a couple of months ago. The way I figure it, he should have had two buys by now. One should have been Friday for sure. Keith

To: Jack Jagernauth who wrote (12767)	9/10/2000 4:07:12 PM
From: aptus	Respond to of 18931

Hello Jack, yes I noticed GAC.TO took a big jump last week and has slowly been sinking again. Hopefully the news will be good and the stock will rise enough to trigger a sell for you. Interesting note... I have a friend who has been following GAC.TO for at least a year. He's a very details oriented guy who spent 6 months in cash while everyone else was jumping into the stock market with both feet. He was in cash because he didn't feel there were any good values out there. Finally he decided that GAC.TO was attractive and bought in (not using AIM) at just under $19. Of course the stock dove right after that. When it went to near $8, he was thinking of buying more, but didn't. Then the stock rose and he's kicking himself (at least he didn't sell what he has). This is a guy who studies the price movement and company in detail and doesn't invest until he's very happy with price, value, etc. When the market tanked in April he was over 80% in cash and laughing. Now he's down over 50% and has no plan except to follow his gut (or turn his purchase into a very long-term investment). The moral of this story is that no matter how carefully you study a stock, unexpected things can happen (look at ford and bridgestone). If you don't have a plan for this, you'll have worries. I ran a historical analysis in Automatic Investor and found he'd be much better off if he'd AIMed the thing. Not only that, he also wouldn't have to worry about what to do next. When GAC.TO goes back to $19, he'll break even. With AIM, he'd have a profit. Even so, I'm having a tough time convincing him AIM is the way to go. regards, Mark.