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Technology Stocks : Vitesse Semiconductor -- Ignore unavailable to you. Want to Upgrade?

To: Yung Chen who wrote (1841)	10/10/1998 3:34:00 PM
From: OldAIMGuy	Respond to of 4710

Hi YC, The program I use asks for updated prices just once per week so no special "Real Time Quotes" are necessary. The program tells you where your next buy and sell prices are for your minimum trade size. I take those prices and place orders "good until cancelled" with the brokerage and then I really don't have much to do until the following week. If there's a trade that occurs in the mean time, I enter that info into the program and it spits out the new buy and sell prices. Then I just repeat the process. Pretty low maintenance. This gives me time to keep up on fundamentals and have a "life!!" I use a freebee program called Netstock to d/l my stock prices. They're 15 minute delayed, I think. AIM's price range between a buy and a sell is usually a 20+% swing, so no need to do lots of ticker watching. When we get into one of these crunches like VTSS has had recently, I spend my time trying to understand whether anything basic has changed from my long term view. If not, I just buy as AIM suggests. AIM's a proportional control algorithm - much like cruise control on a car. Little hills, no changes; BIG HILLS, BIG CHANGES! Mr. Lichello designed the program to be done by hand back in the '70s and didn't expect people to update more than once per month. Even once a week seems excessive sometimes for some stocks, but it seems to be just about right. Sometimes several months will go by with no trading activity, but the orders remain in place for the chance happening that the price will dip or pop to the next threshold. I use AIM to manage sleepy bond funds as well as spicy stocks like VTSS. I just use different size cash reserves. (small for conservative bonds, etc.) Best regards, Tom