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

To: Rich23241 who wrote (32)	2/16/2001 12:22:49 AM
From: LemonHead	Read Replies (1) \| Respond to of 75

Hi Rich - I have 3000 shares of NBTY. Does a minimum of $1500 make sense to you? FWIW - Set the minimum shares to trade at 5%. 3000 x .05 = 150. Then I would set the minimum dollar amount to $1000. $1500 will work also. I would have to check, but I believe minimum dollar amount over rides the minimum amount of shares to trade. Also I been reading the article you posted from Morningstar and all the links. It appears that it may take a while for this ETF to grow wings. I'm still reading and will post more latter. Keith

To: Rich23241 who wrote (32)	2/17/2001 12:30:27 AM
From: matvest	Respond to of 75

Hi Rich, I will give you a shot at what I think, but this is the type of question that you should post on the AIM board. You will get lots of good help. My approach to IBB was to go in slowly. Sorta testing the water, so I have not put a lot of money into it. Since my holding is so small I set my minimum trade to 0 shares & $200. My trades cost 9.99 so that means the commission will be slightly under 5%. I prefer a $500 or 5% minimum whichever is greater ( a lot of the fellows do this), but because this holding is so small $500 is too big a percentage of the portfolio. That means a much bigger range between buy & sell points. With $200 minimum I get a little more action. If I continue to put money into IBB, I will raise the minimum. Based on my testing I set the SAFE at 5 & 5 and plan to leave it there. My suggestion is that unless you have only a small amount invested you consider AIMing by the book which would be SAFE's of 10 & 10 with a minimum of 5% or 500 whichever is higher. It is probably best to AIM by the book as much as you can until you have some more experience with AIM.. That's the advice I was given and it is working for me. I will be gone for a few days so take care of IBB for us. Good Luck Larry M