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

To: JZGalt who wrote (5455)	8/28/1998 8:10:00 AM
From: OldAIMGuy	Respond to of 18928

Hi Dave, I concur that the big names are still way to fat to let the market become low risk for new money. Because most of my money is in smaller cap (value) issues, they've not faired well so far. That's where the cash has gone. Stocks like VLSI Technology that is now selling at nearly 15% below book value and just $3 above its Cash on hand are where my money has gone. It will recover nicely in the future. However, my biggest problem is that I really don't have much Large Cap exposure. The reason that I consider this a problem is that, as you say, that's where the foreign money and the mutual funds place their bets. It doesn't mean that it's great value, just that it where the money flow is. I'm using my TWCUX as my guide for that. It will probably recover sooner than my TWCVX. Buying Power is still the real value here as the markets wobble. CASH is not a "bad" four letter word!! Even Clinton could say it without being impeached!! I still have cash available, but many of my AIM accounts are tapped out already. Now the remaining cash is becoming a "shared resource." If the pattern follows last year, tax selling could start early and extend a long time. However, there's not as much profit to "protect" with tax selling this year. Best regards, Tom

To: JZGalt who wrote (5455)	8/29/1998 9:56:00 AM
From: JZGalt	Read Replies (2) \| Respond to of 18928

Update on ODB AIM portfolio. Once again the portfolio is sucking air and screaming for cash, but the reserves are gone. Now down 50% in past 8 weeks of existence. If I get some time, I'm going to compare my accelerated version of AIM to the "generic" AIM as outlined in the book. Since there is a built in delay of 2 weeks between purchases, The cash level should not yet be depleted. In any case, it is just plain ugly in the oil patch. ---- Dave jump.to Follow "Ugly Chart of the Week" to see the performance vs. the S&P and "AIM Portfolio" link to see the performance of the individual selections.