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

To: Bruce A. Bowman who wrote (6626)	1/15/1999 10:38:00 AM
From: OldAIMGuy	Read Replies (2) \| Respond to of 18928

Hi Bruce, When I look at my largest holdings in the market, I have to remind myself that they started from rather humble beginnings. In other words, they're large positions because they GREW to be! It's hard when one of our favorite long term holdings ends up in a quiet sector of the market for a while. If the fundamentals and growth potential are still there, then we have to just sit back and wait. As case in point comes from this month's AAII (American Assoc. of Individual Investors) magazine. There's an article in there by Michael Murphy. He talks about the Semiconductor Equipment business. I spent a long time in the Capital Equipment business and fully appreciate their "Lag" aspect of the economy. His article points out this very fact. He shows that their long term "average" profitability is very good, but that their cycles are huge. Most investors try to "time" such things and whether they are successful or not, and AIM investor doesn't really care. He feels that this group of stocks is now starting the next wave of growth that will carry them several years into the future. Certainly these companies' stocks have done quite well since their October lows. I only own one stock in this area. It's Cognex (CGNX) and it's been on a roll recently. I feel it's almost getting ahead of itself again - even though it's $10-$12 below its former high. Maybe it's just returning to fair value. In any case, the former high was around $36 and the October low hit $9! So, with the stock price still well below former highs, my account (with AIM's help, of course) is again at an all time high. Yep, I had a pile of shares in the Warehouse at the lows! And yep, I started with 1000 shares to begin this investment. Here's the graphs of my experience from Newport: execpc.com Best regards, Tom Best regards, Tom

To: Bruce A. Bowman who wrote (6626)	1/16/1999 2:22:00 AM
From: RFH	Read Replies (3) \| Respond to of 18928

Bruce, I had an unusual week with all of this volatility! Sold GUMM twice this week, probably because I forgot to cancel an open order with my broker! (duh). I got 9 7/8 on Monday, and 10 1/4 on Friday. The trading history is posted at: elnet.com in case you are interested in what is starting to look like what Tom called a "Lichello Stock." The Newport graphics on the page are pretty ideal. Also, for the first time, I Sold and Bought a stock in the same week. IIT sold for 14 7/8 on Monday, and I bought it back again on Thursday at 12 1/2. This is one of the stocks where I just kept buying and buying until I was ready to shoot myself, but it is now showing a nice annual return of 51%. This one is at: elnet.com Let's all hope we have enough dry powder in case the markets tumble again! Sincerely, RFH