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Non-Tech : Omniquip Intl. (OMQP) -- Ignore unavailable to you. Want to Upgrade?


To: JG who wrote (22)1/5/1998 8:25:00 PM
From: OldAIMGuy  Respond to of 93
 
Hi Jim, With each of my investments I usually hold a significant amount of cash in reserve - just in case those institutional lemmings all decide to leap at the same time. I hope to build the reserve over time as the stock price climbs, and will use it exclusively to buy shares back should the price decline.

It's a bit on the scary side with all that ownership held by people with no stake in the company but potential cap gains. My investment model thrives on volatility, however, so what more could I ask for!!

I appreciate your thoughts on this stock. I live in the company's home town and had a plant tour in Sept. that got me excited about it.

Best regards, Tom



To: JG who wrote (22)1/17/1998 9:54:00 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 93
 
Hi Jim, OMQP gave me a little bonus on Friday. I had a "good until cancelled" order in to sell off 9% of my position and it filled at $23-1/8. With my overall position in the Profit Mode, those shares give me a FIFO gain of about 18%. That's nice for the three months that I've owned it, but the really nice part is that I averaged down at $16.50 shortly after I started this AIM account. That gives me a LIFO gain of about 40%. I'll take it either way!

Best regards,
Tom