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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 (17256)11/8/2001 4:33:08 PM
From: Bernie Goldberg  Read Replies (1) | Respond to of 18928
 
Hi,
The price action on ACG has been real strange the last 3 days.
According to my quote source it closed on Monday at around 8.72. Then they said it opened yesterday at 9 with an immediate drop of .67 to 8.33. Stayed around there all day long. Today I show an increase of .56 to 8.89. All this action apparently for a rights offering that was first cancelled and then rescheduled. It goes to show ya' how fickle the market can be.
Bernie



To: OldAIMGuy who wrote (17256)11/9/2001 6:06:22 AM
From: JSLyons  Read Replies (2) | Respond to of 18928
 
Thanks, Tom.

With interest rates so low, AIM's cash reserve does not look so attractive an element in the mix. Of course, with inflation low it remains a store of value, more or less, and is integral to our investment strategy.

I gather from some comments on the thread that some AIMsters put the cash reserve to work in creative ways, perhaps in vehicles like ACG. Bernie mentioned REITs as well.

I'd be grateful for some ideas from the thread on improving returns from the cash reserve while maintaining the liquidity needed to run AIM properly.

To go out on a limb, I am expecting some pull-back from these levels that might trigger some more AIM buys. When? I don't know, but I don't think we rally on without set-backs from here. That means some of our cash reserves could well be put to work back in AIM equities.

What to do?

Rgds,
Jonathan