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


To: Gary who wrote (7332)4/23/1999 4:37:00 PM
From: OldAIMGuy  Read Replies (3) | Respond to of 18928
 
Hi Gary, Against my usual ways, I decided to put up as this week's example a stock for which I borrowed heavily from other AIM accounts to continue buying. The massive negative cash reserve will probably send Mr. Lichello off with a migraine! However, all's well that continues well!

Now that this account is nearing its all time high water mark, I don't feel so guilty about sharing it with others. Those shares bought with "borrowed" cash are starting to pay off nicely.

execpc.com

With the number of shares in the account it needs to get to about $9-1/2 before the cash reserve debt will all be repaid. This is in my taxable account, so all those Sells are tax events! Luckily, FIFO events, too!

Best regards, Tom