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

To: Bernie Goldberg who wrote (7401)	4/30/1999 1:03:00 PM
From: OldAIMGuy	Read Replies (1) \| Respond to of 18928

Hi Bernie, No kidding? I've only met one other Veale with whom I was not related. Thanks, Tom

To: Bernie Goldberg who wrote (7401)	5/17/1999 3:09:00 PM
From: OldAIMGuy	Respond to of 18928

Hi Bernie, I know you like to look at the data from Value Line's index as I do. Remember back in February I mentioned that 10 out of the 41 Worst Performers were in the energy sector? I mentioned that this has always been a great "over-sold" indicator for any sector. Well, it appears that it was right again. This week 14 of the 41 BEST Performers are from that same sector! Here they are: Symb. Feb. Price May Price GAIN RDC 8-5/8 14-15/16 73% OIL 6-1/4 13-3/8 114% ESV 8-7/8 16-15/16 91% BRR 16 32 100% SII 24 44-9/16 86% GLBL 5-1/2 10-3/4 95% GLM 7-5/8 14 84% PPP 9-1/8 18-1/4 100% BHI 17 30-1/16 77% FST 5-5/8 10-5/8 89% WFT 18 31-15/16 77% APA 20 33-3/8 67% Most impressive! If we'd bought a basket of energy stocks at that time based upon the assumption that the energy sector had been over- sold, we would have made quite a tidy sum! When I was going through my "spring cleaning" I sold my gold fund for an energy fund and it has also done very well. I swapped funds during the last week of February after digesting the facts as presented by Value Line's Best and Worst Performers list. For those new to this thread, remember that the best time to buy these stocks was back in February. AIM would already have sold substantial amounts of all of them by now. It's most likely best to be buying something new when AIM's buying shares of that same stock or sector. Back in February, AIM would have been buying heavily if it still had Cash Reserves available. Bob Norman is going to keep the Idiot Wave Calculations going during my recovery. Please send him the data from VL that we discussed. I think it was Rob Hansen that's going to be sending the BARRONS data to him. Thanks to both of you and to Bob Norman for taking care of this. Bob said he'd post the IW results here on the BB each week after running the numbers. Best regards, Tom