A.I.M. Users Bulletin Board

[OldAIMGuy]

Hi Keith,
"Now he suggests closing out a loser in exchange of equal value for a better prospect, but he doesn't rule out closing out a winner for the same reason. Does he?"

Let's take a very long term look here. If we own a wonderful, volatile growth stock for ten years and it not only does good on its own but with AIM's assistance, we've been very fortunate. Now, after all this time, the company is very large, widely followed and maybe even over-analysed. It's business growth is slowing because of market saturation. It's still growing, but just not as rapidly. It's "Mature."

I believe this is a time to consider closing out an older and profitable position. If it no longer fits the usual AIM personality profile, it is probably time to let it go before we bore ourselves to death.

The dollar value can be swapped for a new pony to ride.

Best regards, Tom
PS: Remember that JZ Galt used to talk about what "quadrant" a company was in. Certainly mature companies can be volatile as "cyclicals" and still be AIMed, but sometimes they are just boring!