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


To: steve in socal who wrote (15244)3/13/2001 7:59:34 AM
From: Bernie Goldberg  Read Replies (1) | Respond to of 18929
 
Hi Steve,
I am as you know a strong believer in K.I.S.S formulas. I guess that's why AIM BTB appeals to me so much.
I was thinking this morning about all the variations that have been tried here as well as the seemingly unending search for better timing methods as to how often to buy or sell.
What suddenly popped into my head was how lucky we all are here on S.I., we have one of the best timing indicators here in the personage of The Great Tomaso and his Idiot Wave.
All we have to do is look at the Idiot Wave and the recommended Cash Reserve. Compare the Cash Reserve we have available to the recommended Cash Reserve. If our Cash Reserve is below the IW recommendation, we clearly need to raise cash. So we input GTC orders to make AIM recommended sells. We hold off making AIM recommended buys until our Cash Reserve and the IW are in synch, or our predetermined trading interval is reached.
If our Cash Reserve has surpassed the IW recommendation we do the opposite. Enter GTC sell orders and execute buy orders on the predetermined day.
This should practically eliminate the need for Vealies which seem to confuse a lot of people anyway.
Just an idea that popped into my head this morning.
FWIW
Bernie



To: steve in socal who wrote (15244)3/13/2001 2:44:20 PM
From: OldAIMGuy  Read Replies (2) | Respond to of 18929
 
Dear Envious, Well, I'm out of the habit, but somehow managed to sell about 4% of my IKN position @ $5.64 for an 80% LIFO turn. Looks like the company might be up for sale at the right price.

Cannon was named as the possible suitor. I always did like Photography. IKN's stock had been Film thin in recent times, but seems to be Focused on Enlarging its share price. I'd had some Negative shares for a while but profits are coming into View. Now if only the price will Zoom in on a good buy-out!

Best regards,
tom@kodakrome.com