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

To: Rich23241 who wrote (21)	2/14/2001 9:09:40 AM
From: matvest	Read Replies (1) \| Respond to of 75

Hi Rich, Keith, who knows more than he pretends, is a true gift, because he is so willing to share with us newbies. I too am fairly new to AIM, so take that in consideration when evaluating what I say or do. I also recommend you post your general AIM questions over on the AIM board instead of on this IBB board. You will get broader responses. To answer your questions as to how I am updating AIM. On the weekend, I determine what my next buy and hold price is and enter GTC orders for each way. Then daily, I check to see if any orders were filled. If one fills I enter it into my AIM software and then update the prices for the day. If there were no fills I simply update the prices for the day. I do this because I like to follow what's happening. If an order fills I do not enter a new order on that side (buy or sell) until the weekend. Thus I never make more than one buy and one sale in a stock in a week. Some of the slow moving stocks, funds, etc. work better on a two week or monthly basis. I agree with Keith that AIM works better with at least $10,000 committed to a stock (including cash). In the stock that has a wide trade range, check to see what happens if you reduce the minimum trade size more. The main consideration in setting the minimum trade is to keep commission and taxes a low percentage. At $7 a trade and no tax you can afford to trade smaller amounts than someone who is paying $30 a trade in a taxable account. Remember the spread is effected by both the SAFE and the minimum. The more you hold the less impact the minimum has. The cheaper the stock the less a stock has to move in dollar amount to hit the SAFE targets. Hope this helps. Larry M