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

To: Bernie Goldberg who wrote (13250)	10/17/2000 10:15:26 PM
From: LemonHead	Respond to of 18928

Hi Bernie, First you have to have a stock that has accumulated more cash than the IW recommendation. That comment is right on the money. Most of my folly has been trying to pinch that extra nickle when my cash reserve was not in tune (lower) with the IW. But on the other hand seasoned AIMer's will tell you not to play around with the Portfolio Control and I think the "Vealie" tool is in the same area of the tool box. Sign should read, "Seasoned Full Cycled Veterans with Goggles, Authorized Use Only". And is the IW/Cash reserve relationship the only consideration? What about Bull/Bear Market Trends? For Example I would have been very happy to have had my GTC order trip on GALT this am. It currently satisfies the IW and Cash reserve requirements, but will it come Friday? I find your comment to my post to be very significant in the sense that AIM is in evolution. Your kindness and experience to the thread has been to remind us of AIM by the Book. Yet through your own efforts you have adapted to a concept that is written in a future Chapter, Titled "AIMing by the Veale Method". FWIW Keith@ABTB.org

To: Bernie Goldberg who wrote (13250)	10/18/2000 2:54:16 PM
From: OldAIMGuy	Respond to of 18928

Hi Bernie and other GSF shareholders, By now you have received your proxy for voting on the consolidation of several of Alliance Capital's bond funds into one. I've already mailed in my affirmative vote. Here's what Value Line has to say: -------------------------------------- Alliance Capital Management has announced plans to merge a number of its government-bond offerings into ACM Government Income Fund (ACG). The assets of GSF, SI and AOF would be added to the assets of ACG................ The votes are scheduled to take place on November 14th. The combination of these four funds would substantially add to ACG's asset base. GSF is the largest fund among the three, with $622MM in assets (as of June 30th), SI is next with $232MM and AOF has $97MM. In total, the enhanced ACG fund would have about $1.42B in assets. This increased asset base should allow ACG to keep its dividend and net earnings intact, despite the increased share base. The portfolios of all four funds are quite similar. All have large portions of their assets in U.S. Govt. obligations, make extensive use of leverage, have around 20% invested abroad, and are managed by Wayne Lyski. ACG has performed well so far this year. Through the end of September, the fund has returned 15% to market price (not including dividends). Including the payout, the return was an impressive 25% YTD. Much of the strong performance stemmed from the continued narrowing of the discount; ACG started out 2000 with a discount of nearly 16%. Since that time, it has narrowed substantially and now stands at around 6%. For the full year, we are calling for a total return (to NAV) of 15%, up five percentage points over our last estimate. Over the coming 2-5 years stretch, the fund offers good total return potential. Investors should be aware, though, that despite ACG's Above Average Safety rank, it may be volatile when compared to similar funds, owing to its leverage and STRIP-bond exposure. Dylan D. Cathers - October 13, 2000" ----------------------------------------- My GSF holding represents a major contributor to my living expense income. I'm comfortable with the combination of assets. If nothing else it will cut down on duplication of paperwork and should, in the long run, make it a more efficient fund to own. Best regards, Tom