To: OldAIMGuy who wrote (4413 ) 4/6/1998 5:50:00 PM From: Bruce A. Bowman Read Replies (1) | Respond to of 18928
Hi Tom- Finally -FINALLY- I got the Newport files copied from the backup tape. If anyone tells you that a TR4 tape reader can read (but not write) a TR3 tape, I'd respectfully suggest that you look elsewhere for advice. An interesting thing about Windows NT is that Newport doesn't recognize that the .npd and .hst files already existed and wrote new ones even though it had been able to read these same files. It initially read the files, but the problem popped up when I added new data and trades. The new files have file names in caps and the old files had names in lower case. I guess that NT differentiates between upper and lower case because they were BOTH listed in NT Explorer. Also, Newport added only the new data to the new files; the history was lost. It was easy to recover, though. I just cut/pasted the history to the new files. [ In hindsight, I guess I should have kept both files so that Bob Norman could look at them. Didn't think of it at the time... just chalked it up to learning to use NT! ] As a reward for my diligent work Sunday in getting this all done and entering new limit orders, I had 2 AIM sells this AM: EGRP and LOGC both came thru with a sell. Interesting that an hour later EGRP was down 1.250, so I'm a happy camper! I think I mentioned earlier that I had a trade in CTAL last week, but it was an order that had been on the books for a couple months (it filled the day before it expired). I hadn't been able to place any limit orders because I couldn't reconstruct the AIM parameters... hadn't a clue what the most recent PC was. This later item is a vote for regularly printing each Newport account as well as the total portfolio so that you have sufficient info to switch to a manual method if you have to. The biggest disappointment in getting Newport running again was to find out that I've had an error in cash reserve for close to a year. I recall now that I'd estimated available cash in my IRA and had set up all new accounts based upon that estimate, planning to go back and correct it when I got the next account statement. Yeah, right. Once the first trade was placed it was all conveniently forgotten. The error was on the order of 15% of total IRA account value at the time I started using AIM. So yesterday, as part of getting Newport running again, I went thru all AIM accounts and stripped out cash to make the numbers plausible. It's going to take some borrowing-from-Peter-to-pay-Paul bookkeeping for awhile to get this all under control. I sure hope I can accumulate enough cash before the next correction. Things look pretty toppy in the markets here. Isn't IKN what used to be IKON? I seem to remember that it was in the Daily Graphs Accumulation A list for quite awhile. Lots of volatility as I recall. Got a 10-bagger out of it so far, huh? Nice job, Tom!! What will you use as criteria for either keeping the stock or selling it? I'm trying to look at the positive side of this because I know how painful it is to look at the "shoulda', woulda', coulda'" of selling at the top (66?). Hope you keep us posted about how you go about deciding. As I said in a post to Bernie, the subjective side of evaluation is incredibly hard for me. re: comment about pushing up buy resistance... it doesn't help after that first trade level is hit, does it? I recall when I first started using AIM that I was going to look at another way to adjust for steady climb in price vs. a stock in a range (which is better suited to AIM). I got so involved with day-to-day AIM trades that it slipped thru the cracks. For now the vealie relative to the IW cash recommendation is still the best way to handle it, but I need to go poke at that eventually. Bruce