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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 (3931)1/29/1998 10:54:00 AM
From: OldAIMGuy  Respond to of 18928
 
Hi Steve, I pretty much use gtc orders on the buys and sells all the time. It takes my mind off the day to day stuff.

Remember, we own the Equity Warehouse, AIM's just the Inventory Control Manager!! AIM's darned good at what it does, so I try not to interfere! Of course, I wouldn't have hired AIM in the first place if I didn't think it could handle the job.

That leaves me to make the "big decisions", like what our warehouse is going to inventory for the long haul.

Best regards, Tom



To: Steve Nelson who wrote (3931)1/29/1998 11:12:00 AM
From: OldAIMGuy  Read Replies (2) | Respond to of 18928
 
Hi Steve,
Speaking of gtc orders, while I was BSing here, my gtc order to sell 8% of my IDTI shares at $13 filled! That's a LIFO gross profit of about 40% since early December. My FIFO gain is almost the same and is what will be reported on my '98 tax return!

It's interesting to note that the Buy And Hold investor in IDTI shares would be up 36.8% since I started this account, but with AIM's assistance, I have an indicated 53% gain. To be fair, I haven't done the '97 tax reconciliation yet. That will nick that profit a bit.

Thank You Mr. Lichello!
Tom