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

To: RFH who wrote (4548)	4/24/1998 1:16:00 AM
From: steve in socal	Read Replies (2) \| Respond to of 18928

hey rob---i'm sure tom would tell you with the idiot wave at its present level one should obey all AIM sell signals. you're right. it is sometimes just as dificult if not more so to sell on the way up as it is to buy on the way down. i think it's actually easier to buy because we figure it's an investment, we believe in the stock or fund and we have great hopes and faith that we will reap the rewards of our courage and foresighteness. then our wishes are granted and we get that sell signal and usually the first one is a slam dunk. take some money off the table. feel good and reward yourself for the buying you did while everyone else was laughing. then, greed rears its ugly green head, teeth bared and saliva drooling out of the corners of its mouth. tom has nothing on old gordie from "wall street" when he says "greed is good." and tom will tell you that he is as greedy a sob as anyone else. but, it comes down to what your plans are. is this short term or long term. is this a trading stock or one that's just going to run for a while. if you don't sell now, will you be kicking yourself for doing a "strewie?" all that said, remember, AIM is all forgiving no matter what you do. you can obey fully or partially or disregard all it's telling you. believe me, i've done it all. i must admit, more times than not, i wish i had followed its advice. so, the decision is yours. no matter what you decide, AIM will go along. however, us AIMERS will be looking forward to second guessing you all the way from here to next tax season. swallow, gulp and good luck and great AIMING!!! steve in socal

To: RFH who wrote (4548)	4/24/1998 1:28:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Rob, Repeat after me, "Buy from the Scared, Sell to the Greedy!!" There, did that help??? I know how you feel, After all that gut wrenching, one feels the urge to say "I deserve a bigger reward than that!" And you are right! But maybe it's time to take this "sampler" reward and enjoy it. There will be follow-up rewards to come. Maybe if you quickly calculate what your LIFO (Last purchase compared to the present Sell price) gain is you will realize that you're being greedy enough for just a couple of months work. If you are working off the $2.25 shares, a sale at $3.50 is a 55% LIFO gain in a very short time! *SMILE!!!!!* Since selling some of it will give you buying power, should the price cycle another time, maybe small steps are needed in climbing this mountain of GOLD. Congratulations and best regards, Tom

To: RFH who wrote (4548)	4/27/1998 2:17:00 PM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

I guess I'd suggest that you "dance with who brung you to the ball". AIM has worked well getting you here and should do a good job collecting the rewards. I assume that you have this large sell recommendation because you're using some non-standard settings in AIM (maybe buy & sell resistance set to 20% each?) and also that the sell at 3.125 is less than AIM might have recommended at that price. If that's the case, what you're seeing now is AIM "catching up" on the other side of the trade. It's unlikely that a gold stock is going to have a smooth assent forever, so in all likelihood you'll get your chance to reclaim those shares at a lower price. Bruce ps- as an afterthought, if you're using Newport, have you checked your minimum sell value relative to current portfolio control? You've had a lot of buying and PC has been incrementing up. In my case, I reset the minimum value to trade each time a buy is made. One of the things that happens with Newport (or an Excel spreadsheet for that matter) is if you use "What If?" to calculate the next sell and you set the minimum value at 5% (per Mr. L) of the depressed value of your account, that 5% minimum is going to be quite different as price rises. This is what has prompted me to depart from Mr. L's approach and instead use 5% of PC since it remains unchanged until you have a buy.