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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 (6453)	12/22/1998 7:47:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Dave, Here the NASDAQ is hitting all time highs as statistics show crummy breadth and more new lows (last week) than new highs. Amazing what tax selling can do to the markets! Focus seems to be to dump whatever's left of the small caps for their lost "potential" and then buy whatever's up for the year. AMZN bottomed around $70 last fall and is now over $300. Can't these folks find anything else in which to invest? Musical Chairs! Somebody's gonna be left standing! Actually, yesterday's started to show some minor signs of the end of the selling pressure and maybe a bit of bargain shopping. I, too, do a bit of this sort of thing. Best regards, Tom PS: The UOPIX account I started last Thursday for my fraternity's alumni group is already up over 10% on the invested side and 8% for the AIM total including the cash reserve. At this rate we may even get our first AIM sell before Santa arrives! A look at the chart of this index fund shows remarkable AIM potential. It looks to be about a 2x BETA of the NASDAQ Composite. It's actually based in the NASDAQ 100 index.