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

To: bob wallace who wrote (655)	10/4/2000 12:52:41 AM
From: John	Read Replies (2) \| Respond to of 2063

I know I will likely be drummed out of the AIM club for this transgression, but I couldn't refuse the opportunity to buy more UOPIX at these prices. So... I broke my promise, went against AIM, and bought another 820 shares all at once. I still think UOPIX has a decent chance to decline further, but I believe we are close to a bottom for technical reasons. I will not buy (during this round) again unless UOPIX drops into the 40's. I wish I had more willpower to stay the AIM course with a greater measure of discipline. Good luck all. John in Iceland Cloudy, 36°F

To: bob wallace who wrote (655)	10/4/2000 11:17:58 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 2063

Hi Bob, Those shares I purchased yesterday at $60.67 look just fine in the account. Current profit is now shown to be about 77% overall since starting 20 months ago. This current price is as low as we saw back in May, I believe. I have a bit more cash on hand now than when I bought shares in May at $60.80 because of AIM's interim profit taking. AIM now shows that I'll sell a 5% order if the price rises to $88-3/4. If the price stays down enough for me to make additional buys that would use up all the remaining cash, I'd have a "Next Sell" price of about $80/share. There's some extra cash available that's been generated by the bond fund, but not enough to do any serious buying. (maybe an additional 5%) This account is more like an IRA than a personal account in that the organization is tax exempt. However, it also rarely receives any "fresh" cash either. So, we have to live with what we have. I'm finding it stimulating to watch the "history" play out. My fellow alumni had the money stuck in a passbook savings earning a whopping 3% or less before I took over 20 months ago. So, we're still way ahead of the "non-management" that was going on before. Best regards, Tom