Hi Orcroft, I agree with you about IYE and, additionally, the whole energy sector. Strictly guessing, but I think IYE will close below 40 sometime soon.
IYE is one example of why backtesting is not all that useful in choosing a position to buy into. Depending on the time frame used you get different results so it boils down to a judgement call and, as we know, that is subject to emotional responses and/or the Jim Cramer type hype. AIM, in one of its various permutations, does a great to truly superior job of managing one's portfolio but you still have to feed it the right grist for its mill.
On another point, I still don't quite understand what you mean by
I don't see how to use the portfolio control side to control buying. Can you explain how to do this?
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