AI
Friday, April 30, 2021 8:55:28 AM
Hi Adam, Re: SCHW history since AMTD Merger...................
It's a short history that started light on cash after my AMTD shares converted to SCHW last Fall. The quick dip in January didn't sound any alarms, so I didn't yet work the other side of AIM - the buy side.
I'm set up to trade 10% of Portfolio Control as a minimum dollar amount with SCHW and that keeps the "Lichello Band" relatively large. Currently it would take a dip to about $54 to trigger an AIM buy. However, I've been selling just 5% for the trades since the merger to keep a tight control on cash.
AMTD had been flat to down for most of the time after the merger had been announced.
AIM was pretty busy with AMTD thru to the merger but a buy shortly before the change-over had cash at a pretty low level. Since the merger, AIM/SCHW has been able to bring the Cash back to a respectable level (35% of position).
I've traded retail brokerage stocks off and on since the early '90s using AIM and found them to be good matches for Mr. Lichello's management. I tried some of the really big traditional brokers, but the "investment banking" sides of their businesses overwhelm the retail sides. Emotions run higher with the retail brokerages with larger 52 week High/Low percentage moves. More amplitude, more AIM activity.
Best wishes,
OAG Tom
It's a short history that started light on cash after my AMTD shares converted to SCHW last Fall. The quick dip in January didn't sound any alarms, so I didn't yet work the other side of AIM - the buy side.
I'm set up to trade 10% of Portfolio Control as a minimum dollar amount with SCHW and that keeps the "Lichello Band" relatively large. Currently it would take a dip to about $54 to trigger an AIM buy. However, I've been selling just 5% for the trades since the merger to keep a tight control on cash.
AMTD had been flat to down for most of the time after the merger had been announced.
AIM was pretty busy with AMTD thru to the merger but a buy shortly before the change-over had cash at a pretty low level. Since the merger, AIM/SCHW has been able to bring the Cash back to a respectable level (35% of position).
I've traded retail brokerage stocks off and on since the early '90s using AIM and found them to be good matches for Mr. Lichello's management. I tried some of the really big traditional brokers, but the "investment banking" sides of their businesses overwhelm the retail sides. Emotions run higher with the retail brokerages with larger 52 week High/Low percentage moves. More amplitude, more AIM activity.
Best wishes,
OAG Tom
Buy from the Scared; Sell to the Greedy.....
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