Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Scott Moore who wrote (5786)	10/8/1998 7:54:00 AM
From: OldAIMGuy	Respond to of 18928

Hi Scott, I'm now less than a year from getting my AARP card!! Last time I checked my Social Security benefits, it looked as though I might be able to buy lunch at Mickey D's once a month with the proceeds. Guess I didn't work long enough. VTSS was crushed in a very short time. It held $20 yesterday, but just by the skin on its teeth. I've been looking forward to a chance to buy more shares on a big dip - well, I guess I got what I wanted!! A good combination of Sells, "vealies" and an occasional Buy or two have brought me along with VTSS from a split adjusted start of about $3/share to its current price. A quick look makes me think that I've held around a 50% cash reserve for VTSS longer than any other holding that I've ever had. Durned thang just never dropped enough to redeploy the cash - until last week! Now even the VTSS shelves in the warehouse are filling up! Good news out on Jabil Circuits (JBL) kept its price up yesterday while gloom gathered over the rest of my portfolio. This company is an ECM (Electronic Component Manufacturer) and seems to be on the right track. SCI Systems is another in this group. I added JBL to my portfolio in January and have enjoyed the ride so far. After the initial purchase, AIM added shares, sold shares, added shares and sold them again. Net result is that the stock price is just above where I started in January while AIM and I are ahead 14% so far. Thanks Mr. Lichello! I haven't checked the foreign markets yet this AM - that's my next stop. Best regards, Tom

To: Scott Moore who wrote (5786)	10/8/1998 9:39:00 AM
From: OldAIMGuy	Read Replies (2) \| Respond to of 18928

Ugh! I took a look at the Asian markets and the Nikkei is down to nearly 13,000 and the Yen is gaining strength against the $. So, what's good news for US exporters usually (a weaker dollar) is somehow not good news this time. I guess that's because the dollar didn't change enough in value against the currencies of the countries that actually buy stuff from us while Japan continues its protectionist ways. Well a Bear market is when any news - good or bad - is interpreted as bad news. I think we're there! Now, of the bear markets that I've seen in my short life, each one of them has presented itself as the end of the world, only to *LATER* be hailed as a "Chance of a Lifetime" for long term investors. This was true in the early '70s when I started my investing, was true in '81 and early '82, again in the brief scare in late '87 and even in 1990 when the Gulf War started up. Now, it's been a while since we've had a good old fashion bear market, and the rules have been modified a bit since the last time. With the S&P futures off 25 points this AM about 15 minutes before the opening bell, where will this take us over the next six and one half hours? I'll hazzard a guess that we're going to see some rather big price drops at the open, but I'm not even going to try to see just 6-1/2 hours into the future. I do think I'll call American Century and enter the next batch of AIM/Newport Buy orders for the various accounts holding Ultra Fund (TWCUX). Looks like there's a reasonable chance that I can get those orders filled. Best regards, Tom