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


To: Steve Nelson who wrote (3607)12/19/1997 3:38:00 PM
From: OldAIMGuy  Read Replies (1) | Respond to of 18928
 
Hi Steve, It was darned nice to see at least ONE sell ticket go by!! My TRADES file is stuffed rather full with Buy tickets right now!!!

In fact AIM and I added 5% more to my CHIR holding this AM at $17-3/8. That order wasn't alone, either. AIM also had me buy 9% more GENE at $6-7/8, 33% more APCC at $24, and 9% more CGNX at $22!

Pretty soon I'm going to have to turn my pockets inside out and start searching the sofa cushions for money for my next buys! I liquidated the last few remaining shares of BQR today at $41-3/8. That was not an AIM Sell, but just the last shares being sold off.

I also did something that is sort of new and a bit rare for me. I sold something at a loss!!! Actually, I started an AIM account last spring in Vanguard's Specialty Precious Metals fund (VGPMX) and it's been going downhill ever since. I sold that off for tax reasons (take the loss) and bought the same dollar amount of Invesco Strategic Gold Fund (FGLDX) to replace it. I was pleased with AIM's downward averaging on VGPMX, but thought that I'd change horses here and try FGLDX. Uncle Sam pays for the change this time.

In my Newport account, what I'll do is to just change the name and symbol of my VGPMX account and change the # of shares shown to the new ammount and just soldier on.

There sure were lots of triple witches around this AM. Things look a bit brighter this PM, however. Last I checked the Dow was off about 100 and the Nasdaq off about 8.

Best regards,
Tom