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

To: OldAIMGuy who wrote (5905)	10/21/1998 6:47:00 PM
From: Jack Jagernauth	Read Replies (1) \| Respond to of 18928

Hi Tom, Thanks for your response re. cash management. Bear with me; my brain is a little tired from all my clients' demands. I am not sure I understand the following: First, I usually have an account in Newport with the ticker symbol "CASH" where I keep un-designated money from selling out of one position and before I start a new one. I keep 10 shares of $1 equity in it and then use Newport's CASH ADD or DECREASE options in the TRADE window to change its value. So the cash side of the CASH account floats with need. This money was what was exhausted first. Sorry Tom, actually, I am lost. Best Regards, Jack

To: OldAIMGuy who wrote (5905)	10/22/1998 1:40:00 AM
From: steve in socal	Read Replies (1) \| Respond to of 18928

yo tomasso-in reading your response to jack re money management in an AIM account, your quote of my oft mentioned line jolted my memory a wee bit. actually, what i think coach pailish (who was the brother of the famous hollywood producer, irving pailish. every time irving had another runaway winner, the newspapers would invariably scream in their headlines, "another pailish hit.") anyways, i think i got coach pailish's quote wrong. i now seem to remember him saying, "if you're going to come from way behind, you need to be a behind." sorry about the confusion. lance in lancaster

To: OldAIMGuy who wrote (5905)	10/22/1998 3:47:00 PM
From: Bruce A. Bowman	Read Replies (1) \| Respond to of 18928

That's exactly what I'm doing too, Tom, coming from WAY BEHIND. What a learning experience! But things are starting to mend. Got my first sale since July and that was in none other than OMQP... the stock in your portfolio that I've been admiring for over a year. In fact, I had 2 sells: the first at 11-7/8 and then a little while ago at 13. If it continues to rally this week, I guess I should look at a vealie. But after my cash debacle I'm really gun-shy. Guess I shouldn't complain. It's a nice problem to have!! :-) Nice writeup on cash management. Do you view cash reserve as a % of stock value or a % of total account value (stock value + cash)? Bruce