AIM UK

[lionhead0]

Hi Clive, Re "Level Shares"...

OK, I'd like to do my buying/selling around the major levels as the probabilities of hitting those targets are great and giving up captured gains or conversely picking up greater bargains would be the motivation for me personally.

I'm thinking about the calculator/spreadsheet. It's crystallizing in my head with your formula. ;)

BTW, Birinyi & Assoc. has just come out with the S&P 500 trailing P/E, 19.19 & 12 month forward est. of 11.60. I suspect the forward est. will continue to shrink from what I've been reading today. Our Dow Jones media is pitching heavily to retail investors to pick up the slack left by the distribution of institutional investors. Always good to see the media getting desperate! I suspect we'll be seeing single digit P/E's someday.

Best, Tim