Replies to post #24280 on A.I.M. Users Bulletin Board (AIMUSERS)

[AIMster]

I bought CHY yesterday at $11.55 and $11.59. I just had my first AIM sell for $14.84. A return of 28.48%. In one day. This is a high yield fund:-)?

Congrats. My best performer in terms of 'rocket-like' recovery is NCV up 15.58% as I write this.

Best,

AIMster

[OldAIMGuy]

Hi Ray, Re: Bond Funds...............

Congratulations on an excellent effort.

While other people were staring into the abyss
AIM users were looking across the valley.

Best regards, Tom

[extelecom]

Way to go.. I started to buy more, but I was one of Tom's skeered and thought it might go lower.....

[The Grabber]

Congrats Ray. Last week was really something!

Your quick return on CHY takes me back to those heady days of 1999 and 2000. It was truly unbelievable (and irrational). It wasn't unusual to make an opportunistic buy in the morning and then sell some or all later in the day for a 20% gain (at least). PALM comes to mind as one of those where that happened more than once. Gotta love that VIX!

GIEW has been quite active as well over the last 6 or 7 weeks. Since July 1st, I have had 24 transactions. For the most part, it was selling through 7/15 and then buying since then. Although I was able to squeeze out Sells on both ADBL and TIVO over the last few weeks. Plus, I was able to re-enter 3 holdings where I had previous sellouts using stop loss orders. All 3 at healthy discounts to my stop price.

[OldAIMGuy]

Hi Ray, Re: Ricochet Sales..................

In the past on many of my AIM individual stock holdings I've had some times when a stock has dropped precipitously and I've done significant buying on the short term. Then a week or so later the price/share starts to return rapidly to where it had been.

On the way back up, AIM will start to generate Sell signals. It started because I liked the graphs to look "pretty" but it's become an unwritten rule -
"Don't sell when the price/share is below the 26 week moving average."
See, I don't like those tiny minus signs showing up on the underside of the moving average!

Now that may seem like heresy to all the AIMers out here but in reviewing all the many times AIM's traded, it's only rarely that it signals a buy above the 26 week moving average or a sell below it. With such overwhelming statistics showing AIM's relative efficiency compared to the 26 Week eMA, I tend to agree with this technical overlay.

With CHY, the current 26 wk eMA is around $15.80. Right now AIM is telling me the same thing it told you, "Take Profits!" It remains to be seen if waiting until the price/share and the eMA converge will be better or worse for me. Statistically the odds are in favor of waiting.

So, I'm holding my breath!..................

Best regards, Tom
PS: the converse is also true. It's usually better, statistically, to wait until the price/share has dropped below the 26 week eMA before letting AIM have any buys.