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

To: OldAIMGuy who wrote (15409)	3/29/2001 10:50:01 AM
From: duke-nukem	Read Replies (1) \| Respond to of 18928

Bernie and Tom, Thanks for the advice. I guess since I got myself into this mess, I ought to determine how to best position myself. I'll take all advice under advisement, and get back to you with whatever I do. Guess I should have thought ahead when I bought my first copy of Mr. L's book back in 1987. Speaking of which, I wouldn't even have heard about the book if I hadn't been such a nightowl then. I actually was passing by an infomercial where Robert Lichello was describing in detail AIM and his book. I had a local bookstore do a search for me to get my copy. I read it, digested it, and then it apparently traveled further down the digestive tract. Too bad for me. Well, better late than never.

To: OldAIMGuy who wrote (15409)	3/29/2001 8:02:31 PM
From: Bernie Goldberg	Read Replies (2) \| Respond to of 18928

Hi Tom, You do have a point there. However if he had started with AIM at $20 and averaged down as AIM directed, when the stock started moving up his first 2 or 3 trades would be at a FIFO loss or break even on the third. I agree that AIM would effectively lower the average cost per share. The information lacking in Duke's equation is whether has the willingness, cash or both to double up his investment and still maintain an adequate Cash reserve. I was under the impression that if he added the cash reserve and then bought shares as AIM directed he would then be tapped out. I felt that the beginning AIM experience would be better understood starting from scratch and watching AIM build up the cash reserve. Bernie