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Strategies & Market Trends : AIM Questions and Answers -- Ignore unavailable to you. Want to Upgrade?

To: RFH who wrote (45)	7/7/1998 4:42:00 AM
From: Bruce A. Bowman	Respond to of 221

Hi Robert- What Tom's telling yu is good stuff. I lost a lot of money on my EGRP and CTAL positions because I didn't follow instructions that Tom had outlined for me. What he's presented here is what I should have done. In my case I didn't understand well enough how AIM functions... I had a total of zero hours experience with AIM when I set up the accounts in Newport using actual trades. Fortunately, you don't have that problem! As you can see, using the average price without resetting the portfolio control as Tom describes, has AIM/Newport selling shares too soon and too cheaply. What Tom's telling you is good stuff (as usual). You're correct that the adjustment will eliminate the trade. What he described as a further refinement, i.e. to use a PC of 90%, would allow the first sell to come on the first small rally, assuming plain vanilla settings for buy/sell resistance of 10%. Bruce