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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 (6485)	12/24/1998 8:54:00 AM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Dave, I hadn't read Jim B's reply when I wrote my essay! The idea of entering a "sell - stop" order at the "vealie" price would help with those dreaded "dead cat bounce" events! We may have to enter another item to the AIM glossary of terms!! I fully understand your caution. I first read Mr. L's book in 1985 or 1986 but didn't implement AIM for my own holdings until January of 1988. Back then, I didn't have anyone to talk to about AIM, so it took me a long time to build a "comfort level" with it. We're far from having all the answers here. These new ideas should be reviewed and considered and added to our accumulated knowledge and experience. Thanks for adding a new concept to the efforts. Best regards, Tom

To: JZGalt who wrote (6485)	12/24/1998 11:05:00 AM
From: D VanSwol	Respond to of 18928

Dave, I too have considered using AIM sell points as stop orders once the stock price has gone above the original sell point. I havent' tested it out, nor have I used that method yet. But, I agree it sounds interesting. >>I do however think Jim's use of a stop loss at the original (VIP) would be worth something to consider for those who have a steady stream of income from outside of investing (I think they are called jobs!), but like I said in the previous message, I'm just thinking out loud. Tom, I'm also considering retiring early. How much seed money did you start your business plan with? --Dennis--