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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 (3807)	1/15/1998 12:04:00 PM
From: OldAIMGuy	Respond to of 18928

Hi "Dances With Stocks!", Boy! You sure can make up for lost time in a hurry! VTSS made me happy the other day, but I still have about $5 more to go to complete a "round trip" on recent buys. I'm glad to hear that AIM's still saving you from your own "abilities" as an investor!!! Me Too!! Next buy on BSX is at about $39, I think. Still have some cash left for that one. CGEN is a bit more interesting and rising on scant volume. If it's gonna happen for us, I'm guessing it's gonna happen in '98. I've always wondered how the trades are totaled. So, we have to divide the NAS trade volume by two if we want to equate it to the NYSE. Interesting. Norman Fosback, of "Stock Market Logic" fame, always says that when the mutuals start to raise cash it's a very bullish sign. He has decades of data to prove this. They are always tapped out near the market tops. My good friend that "wholesales" for the AIM Mutual Funds family says the $$$$ are still rolling in at an incredible pace. He says that the inflow is about 45% 401K's and IRA's with the remainder being to more open accounts. He says the rate of flow hasn't slowed at all for him. He also mentioned that so far none of the AIM Mutuals have had any net redemptions. So, the faucet still is running!! Hope you weren't doing your Sell Dance in that Chicago Cold Wind! However, if you get a chance, you could probably Perform at the Chicago Mercantile on a daily basis. Only problem is that nobody there would notice anything unusual!!! Best regards, Tom

To: steve in socal who wrote (3807)	1/15/1998 7:24:00 PM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

Hi jules- I'd heard that about Nasdaq reporting and assume that it relates to total shares traded statistics. Probably because it's (theoretically) possible for a mm to take shares into "inventory" (though I've been assured that a mm's goal is to be flat at the end of the day and hold no inventory). The contradiction is that if you look at a quote screen, each trade reports only a single transaction. At least as far as I can tell. I've paid attention to stocks with very low trading volume and seen my trade as the only reported trade for the day. The anomally that drives me crazy is that mm's can report sales up to 24-hrs after they occur. That's why when watching a quote screen you'll sometimes see quotes that are way outside the spread. Makes it impossible to trade Nasdaq stocks using sub-daily bars of data, and even daily bars are suspect since they can include transactions for the previous (or even earlier) day. Just recalling the above caused the tension to rise. Like revisiting the scene of the crime. AIM has definitely made my life easier. Bruce ps- "Sell dance"? hanging stock certs off various parts of the body? I don't want to think about that! :-)