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


To: matvest who wrote (13307)10/22/2000 11:18:41 PM
From: ED_L  Read Replies (1) | Respond to of 18928
 
Ref Brown - Use it and its OK but manual method to enter orders is slow in a fast moving market. When I'm trading 15 -20 issues a day I would like to have a more ergonomically efficient method of buying/selling. (When I'm trying to get out of the market ahead of a projected downturn, it can take me up to an hour to unload 15 -20 issues after having to switch screens and kill all my stops 1st. Printing is a problem on Netscape when need to print more than one page of stocks (works OK on Explorer). No summary reports of gains/losses available. Looking at cybertrade which I understand can hot link directly to QCharts and just double click a symbol and have it bought or sold based on a predetermined qty - but the $19/ trade is a problem. Execution is pretty good and I can see my trades go by on QCharts normally within 5 - 10 seconds of pressing the execute button. Also, Brown stays up when other traders are reporting problems with access to their discout brokers. (They do take the system down for about 2 -3 hours starting around 2 PM for nightly mainenance but normally have it up by 6 AM (I had to complain to them a lot on that one as they were keeping it down (for a while) past 6:30AM. Good selection of Mutual Funds (was able to buy BEARX at Brown when I could not get it at Robinson Humphry).



To: matvest who wrote (13307)10/23/2000 8:02:52 AM
From: Steve Grabczyk  Respond to of 18928
 
Hi Larry:

Actually, I was under water by about 10% (don't remember exactly) after the BIG DROP this Spring. Prior to that, I was up about 55%! I had to claw my way back since then.

As for holdings: Currently...$$CASH ARCC DG ETYS GADZ GSF LE LOCHE.OB PALM TWE VITR. I also had COMS and BEAR, but COMS spun off PALM and the remaining ceased to be a viable AIM holding and I sold it off. Prior to that COMS was a fabulous AIM stock as I'm sure Bernie would confirm. Bear taught me a lesson in that one should not AIM thinly traded stocks.

I am way under water on ARCC and LE, but expect big dividends later. PALM has been most active AIM-wise lately. I work for GADZ and am restricted from trading it 2 or more weeks out of each month, so I've tended to use it more as a cash cow when I can. It's 52 week high was reached during a restricted timeframe and it's next high over the last year was while we were in Vegas and also during a closed time for me.

LOCHE.OB is a very volatile penny stock which has been very good AIM-wise. I started that one @ $1000 (1000 @ $1.00) and now own 12,700 shares @ $0.27. I knew this one was risky going in, but have made a fabulous ROCAR. This one is definately not for the faint hearted. On Friday they just voluntarily disclosed an SEC investigation. I have no idea what it's about, and I may end up using this one as my 2001 Strewie submission! But I've multiplied that initial $1000 many times. This is a daytrader's stock for sure. I just lay in the weeds while they take all the stress.

All in all, it's been an instructive year. I would have been happy just to come out +10% after the drubbing I took in the Spring. Important lesson there was to hang tough. I also learned that cash reserve is definately important. I actually think I could have done better had I maintained more cash. I totally ran out of powder at least 3 times.

As I said in my previous post, I'll try to summarize my basket's 12 month performance and post it here (or on a free website).

Regards, Steve



To: matvest who wrote (13307)10/23/2000 11:06:12 AM
From: OldAIMGuy  Respond to of 18928
 
Hi Larry, Further to your question to Steve about when
his performance occurred in the last 12 months, here's
how I've been doing:

PERIOD OVERALL IRA
12 MONTHS +51.9% +31.0%
YTD +22.8% - 5.6%

Cost of portfolio = 40.3% of current value

So, it's been a great 12 months and not too bad on
the YTD. My IRA which is invested in diversified
mutual funds hasn't done as well in either period.
Probably too much ownership of the richly priced
large caps near the market peak in March.

Best regards, Tom



To: matvest who wrote (13307)10/26/2000 1:05:35 PM
From: rgammon  Read Replies (1) | Respond to of 18928
 
Larry,
Brown&Co was very good to me while I had my AIM accounts there. The only time I needed to call them was in the period while the accounts were being setup and assets transferred in. I had part of my stuff at Brown&Co and part at Datek. Since then, I have moved onto one of the flat fee accounts offered by the full service firms. With a sufficiently large and active account (i.e. spending more than $1,500/yr on commissions) these accounts have lots to offer. I use Merrill Lynch.

Robert - Mr AIM Aggressive