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


To: Dataminer1 who wrote (7081)3/14/1999 2:44:00 PM
From: JZGalt  Read Replies (1) | Respond to of 18928
 
OT - Not AIM related - Dataminer,

Did you see the top stock on this screen?

Whooooa! Hold on there. I wouldn't rush out and apply anything you see on this site to a real money situation or imply that anything near the top of a webpage implies anything more than a mechanical sort in a spreadsheet. This is just the way I think out loud with some friends of mine and a work in progress for the past 3-6 months. Even I don't use this method yet as anything more than something to cut down 200 tech stocks to a few to concentrate on.

If you would like to have a further discussion on this method and some of the quirks involved, perhaps we should take it off the AIM thread.

----
Dave



To: Dataminer1 who wrote (7081)3/15/1999 10:12:00 AM
From: OldAIMGuy  Respond to of 18928
 
Hi Bill, I've delayed buying by AIM in the past. However, it's been a "seat of the pants" kind of thing. When I've done it, I've usually had a pretty good feel for how the stock usually does in a downward market.

One stock comes to mind that has rapid sell-off's but then lingers near the lows and doesn't do much for sometimes months. Here I've usually made a token buy during the first drop and then held off until the price and 26 week Moving Average have started to coincide.

Most other stocks, I don't fiddle around as the drops and pops come too close together. If I hesitated, then I might lose the opportunity to purchase all together.

I've contemplated delaying all buying of new stocks or AIM buys of existing stocks while the Idiot Wave is showing High Risk. However, I've never taken the time to actually run the simulations. It still tempts me once in a while.

Best regards, Tom