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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 (14155)	12/29/2000 5:30:27 PM
From: Condo	Respond to of 18928

Bernie - Your success with XLF this year is very encouraging. XLF has become a portfolio mainstay for me now. Who knows, a few interest rate cuts next year might not hurt either. Your observation in an earlier post about equally-sized XLF, XLP, XLU and JDSU positions balancing each other describes very well the way things are working out so far. Wish I'd gone to it sooner. It seems to me that even if the percentage gains net out to zero we still end up ahead thanks to the occasional AIM trade. For me, the ideal AIM holding is probably one with a maximum drawdown in the range of 25% to 60% with 10% to 15% price swings. That's actually the main reason I opened a position in Amgen (AMGN). It seems to me that holdings with greater than 60% drawdowns (e.g., ANAD, AVNX, JDSU[old habits die hard], RFMD) are better suited to momentum trading because of their straight-up/straight-down nature. Happy New Year, -ej