A.I.M. Users Bulletin Board

[SFSecurity]

Hi CanRay, Considering the market over the last year and that you are just learning AIM I'd say you had a good result. We all make mistakes as we are learning a new process.

One of the gentleman on the list, I believe it was Clive, told us how he starts a position. I'm sure he'll correct me is I misstate his approach.

As I recall it is to wait to the second up tick after a slide down. I don't recall if his monitoring of prices was weekly or monthly. I look at the price direction on a weekly basis because, to me, there is too much time between checks if it is done monthly.

Oddly, I put in a GTC+extended day order for Ford, (F) based on what I had seen a few weeks ago. I set the price $0.02 below the $13.07 that I had seen as the second up from the weekly bottom of $12.55, figuring things tend to bounce around near the bottom. One of the trust accounts got filled at that price but not the other, not sure I understand why. In any case I got filled at the $13.05 today and ended the day at $13.16 and after hours of $13.19!

Based on the $13.05 and the last 12 months of dividends of $0.85/share that's a 6.5% dividend.

I'd have done better if I had been following it from the first of the year as it hit $11.55 the week of February 1st and the price I could have gotten in at would have been around $12.10. Oh, well.

BTW, Ford has a beta of 1.4 and a Trailing P/E (ttm, intraday): 6.09, quite low compared to the market as a whole.

So, you are quite correct, waiting is a key part of investing.

Best,

Allen