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


To: Bruce A. Bowman who wrote (4065)2/7/1998 8:47:00 AM
From: OldAIMGuy  Read Replies (1) | Respond to of 18928
 
Hi Bruce,
Good thing you took careful AIM on those CTAL shares. Sounds like y2k is warming up too.

It's interesting to me to reflect on the market in recent months. Just a month ago it was colder than leather car seats in Wisconsin in January, and now we're basking in the warmth of several recent sells. Gamblers talk about when a deck of cards goes cold, BOY, what would they have thought of the time between Oct and Feb 1st? It was like a game of 52 Pick-up that I was continually loosing!

At first there was the exitement of the Asian market's stumble and the possibility that we could do some buying. Then, after a few weeks, it looked more serious and we began to wonder if our cash would hold out. It seemed like every market analyst was counting on the January Rally and then it really never materialized. That was feeling rather tense!

Finally, our AIM efforts are starting to pay off with our fresh inventory being turned at fat LIFO gains. I, for one, had zeroed out several of my stocks' cash reserves. All that work is now starting to pay off with the cash recovering.

Everybody keep focused and AIM true!!

Best regards, Tom