Hi Mark, RE: AIM site...........
It was interesting to go back through the various pages and review what I'd written so long ago. Even though my current position with SignalPoint has us using primarily ETFs and CEFs, we do get requests from clients on occasion relative to individual stocks. I still review individual companies in much the same way as I proposed in those pages, too.
While we've all seen big changes in the way the markets move over time and the influences of the "block trade" aspects of ETFs and supercomputer arbitrage, essentially all of the fundamentals haven't changed. There appears to be a great divide between those who invest for the very long term and those who show up just for one dance and then are gone. The mentality and strategy of the two sides are about as extreme as they could possibly be.
The added short term volatility that has entered the markets doesn't preclude long term prospects. For those using AIM or another method of capturing volatility the shorter term volatility offers occasional better capture opportunities. Still, month-over-month changes aren't that different from years past. I do notice on my histograms the occasional odd trade that is well away from a 26 Week average price, only to see the price/share return to near where it was afterward. The "flash crash" of 2010 was an example of that. Many of my GTC Limit orders tripped that day well away from what had been the going price the day before.
So, while looking over those pages, I decided that while not much has changed about the only thing I've done is add consistency and minor refinement to the efforts I put forth for our clients. I think they appreciate our non-emotional adjustments to their portfolios.
Best regards, Tom
