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Biotech / Medical : Biotech I-Shares (IBB) -- Ignore unavailable to you. Want to Upgrade?

To: Rich23241 who wrote (20)	2/13/2001 11:49:32 PM
From: LemonHead	Read Replies (1) \| Respond to of 75

Hi Rich, I have a lot to learn about AIM. So If I may pass on to you a few thoughts. I started am AIM club and feel that I have been exposed to many of the questions that come up on a regular basis. I sometimes have to ask the guys in the club, what they really think AIM is? Is it Lichello's book, is it Newport PCA or AI software, is it Tom Veale on SI? In all Honesty, I have a vested (my own rewards) interest in the success of AIM. I know with out a doubt that it works and I can prove it. That is why I simulated your settings. You don't know how many times that I have been told that the range between the sale and the buy was to great for any kind of activity. Only to find out that the software was not set properly for AIM. Now you got it right, and I wanted you to know that at least one seasoned AIMer was in agreement. Simply put, think of it this way. Why would Newport establish defaults and then recommend that you adjust them right out of the gate. Why didn't they change the shares to 5% and the minimum dollars to $500? I'm one of these guys that likes to figure out things for myself. I found the BB, bought the book (read it that night), had the software two days latter and began to trade. Had several major sells the 1st week. What is wrong with the picture? These were equities that I had had for quite sometime, why was I suddenly selling? I set them up in Newport based on what I had paid for them, not based on the current Market price. That little exercise cost me. I have a lot to learn. Recently Bernie told me that you adjust your minimum shares to trade after each trade. That was news to me, nobody ever told me that before that I can remember. So that Sunday I did what he said and for most of the accounts I saw no change. But there were some that it did make a difference with and I noticed that they were the ones with fewer and higher priced shares? Seamed very Simple to me. Well yes & no. It only becomes simple with time & experience. Each AIM account will take on it's own personality and the market will either respect it or hate it. But reading about the different percents being used for SAFE and the IW and Vealies it really gets confusing. That's were Tom's news letter and the IW index really come into play. Once you get a feeling for the basic settings then the IW can give you direction. I still question the proper use of Vealies, I can assure you they are of no value in the current market. In closing, IMO it is more important to start with the proper dollar value ($10,000) than to be concerned about the number of shares. If the values are set properly, then AIM will manage the Risk. Keith PS - As Tom would say, "How was that?"