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Strategies & Market Trends : Ultra OTC Fund - UOPIX -- Ignore unavailable to you. Want to Upgrade?


To: budweeder who wrote (640)10/3/2000 1:37:37 PM
From: OldAIMGuy  Respond to of 2063
 
Hi Bud, I took some time to create an AIM history with UOPIX since it started life in 1998. I had to do a bit of fiddling with the price/share with all the funny splits and reverse splits, but I think it's pretty accurate.

Mr. Buynhold would be up 365% currently from inception (using $64.80/share) and 100% at risk. He'd also have given back a tremendous amount of paper profit at this point.

AIM is currently showing 222% gain with 13% Cash Reserve left in the account after recent buys. It's current position has it off about 25% from its peak value. I used 10% SAFE on both the buy and sell sides and about 5% of equity value as minimum trade size. This gave me 18 Sells, 10 Buys, and holding the Cash Reserve to the IW's value all through the history, gave me 21 "vealies" along the way.

All in all the graphs are pretty and show just where AIM did its work. It's important to note that we've still only had two buying cycles in UOPIX since it began. The first didn't last long enough for AIM to do all its buying. This last one wasn't big enough to exhaust its Cash Reserve (yet!).

As I've said before, we usually have to pay for the insurance we need! When I did the simulation, I only was using the weekly closing price and not the highs or lows of the week. This may have hampered the overall performance a bit.

It never ran out of cash in the time period. It did take one third of the cash and bought shares in Oct. of '98. It also used up about 2/3s of the available cash in this Spring's bashing. Since then it's been "recycling" the cash with three buys and three sells.

Best regards, Tom