Replies to post #1595 on A.I.M. Users Bulletin Board (AIMUSERS)

[Rico_]

Conrad,

Yes I recognise that so-called 'Lichello flaw', but being just a beginner with stocks I feel I'm not in the position to classify what agressiveness factor my fund(s) needs. So I decided to stick to the Lichello Directive of 50% of order until I had something better. You would think Mr. Lichello would have noticed it himself during his years of painstaking number crunching. But in light of his advise/prefference of updating AIM in fixed time intervals (weekly, monthly, quarterly) it probably escaped his attention. (as prices would have changed considerably most likely) Or he considered it a viable behaviour, as a price that remains near-constant for a certain length of time appears to set a support level or bottom in the market for that stock, so he might have thought this was the right time to take the left-overs in the market before others did, but not unloading his cash-account completely (the 'brake manouvre') as stocks have an uncanny tendency to drop when you least expect it.

Or Mr. Lichello was more of an arithmatic teacher than a math professor, as it would have taken quite some time to figure out the B=1/(1-f) formula out of those repetative (infinate length) updates in the Vortex method. It's probably some kind of standard math formula, but I'm sure he didn't want to open that can of worms. Based on his desire for simplicity and paper and pencil work against the luxury of computers. To each his/her own.

Are you implying you only have the master copy of the 'old' book? That would not be a wise thing to sell probably. If you've got none left at the moment I'll have to wait. But I'm perfectly happy if you have an old dutch version left over and the new version is going to take a while before it returns from the presses. (Just don't charge me in dollars as on the website, if you please :-) ) After I read the old one you can convince me to buy the update too. :-)

I have no intentions to start a discussion on gambling. I just felt like telling my choice of the stock market over lotteries and other forms of gambling. Sure I'm betting with some things, but they generally don't cost me money. Not with lottery odds anyway.