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

To: Larry Grzemkowski who wrote (6873)	2/22/1999 1:25:00 PM
From: OldAIMGuy	Respond to of 18928

Hi Larry, Welcome to the BB. Those times I started with very high Cash Reserves were usually the worst investments (short term) that I ever made! The reality was that I made an initial investment and then continued to buy using AIM as my guide until I had spent much more than the usual cash reserve levels. The reason I was continuing to buy was because the stock price was continuing to plunge! So, it wasn't my intent to have that much cash at the beginning, it's just that I kept buying after my initial allotment of cash ran out and then "added" cash back in in the initial starting period! (just one more way I break AIM's rules!!) I think UOPIX deserves more cash reserve than your basic mutual fund. Probably the Idiot Wave's Stock reading (currently 53% cash) is going to prove okay. Should the IW fall off back towards 40% and AIM hasn't had you buy, then you will get the chance to do some "vealies" as the price/share rises. No need to be creating taxable events if we have plenty of indicated cash reserve. Thanks for the complement on the web site. I've attempted to gather lots of my "experiences", good or bad, there for everyone's review. Best regards, Tom