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Re: OldAIMGuy post# 16354

Friday, 07/01/2005 5:58:02 AM

Friday, July 01, 2005 5:58:02 AM

Post# of 47306
Hello Tom,

Thank for that reply, it is amazing when you have been using a method for a long period of time you can explain things with a simple clarity that suddenly makes me go duh, I just didn't think of it that way but of course you are right.
A stock can go all the way up and you will still have some if it goes from $1 upto $100 but looking the other way it can go from $1 to 0 and you will be bankrupt (of course you would have to be silly to keep ploughing in more and more).

So, is the rule basically, after 1 buy, wait for a month before further purchases, except if you get a sell in the meantime (would have to be pretty volatile)?

I think I must be on my first anniversary of AIM. I'm looking forward to going through a complete cycle.

My CFU which I purchased in float at $1, subsequent buys at $0.77, $0.64 and $0.50 is now looking better at $0.605.
I would like to see it go to it's first sell level at around $1.

Regards

Neil

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