Replies to post #28194 on A.I.M. Users Bulletin Board (AIMUSERS)

[Firebird400]

Hi Conky,
Your chart looks like every stock I've ever bought! Just ask my wife, lol. Best of luck always, Ken

[minstrlman]

Conky,

You can either trade the plan and trust the system or you might just hold on to your cash and wait (this will undoubtedly take time) for a double top P&F breakout and do your final buy at that point. The double top breakout will at least indicate a turnaround. If you're looking for advise, there's some... FWIW.

MM

[lostcowboy]

Hi Conky, I think you should sell, and take your losses. I came across this web page.
http://www.stocktradingtechniques.com/2008/02/08/its-time-to-buy-hguto/
That says HGU.TO (Horizons BetaPro S&P/TSX Global Gold Bull Plus ETF - whew, what a mouthful) is an ETF that leverages gold stocks by over 2:1. That is, for every dollar the gold index go up, HGU.TO goes up over two dollars (of course, if the price of the index goes down HGU.TO goes down twice as fast).

People have tried to do leverage funds before with AIM. I don't think anyone was successful at it. I think the problem is two fold, aim was not designed for the range of stock prices you can see in a 2:1 leverage fund. Also the cost of the funds are high, and taken out daily.

You want to play this fund differently, think of it like playing craps in LV. The next time you think gold is going to go up, place a bet, with money that you can afford to lose. If you win pick up your winnings, don't leave them in the fund.

Take care,
Clifford

[AIMster]

Scared :(
I started aiming this stock in May. Had a couple of sell signals around $30, started buying as it dropped. Haven't executed a buy since $19. My next buy will put me at 0% cash.


Not sure how this will play out with your holding but part of this outfit has been merged into something else!

See:

http://www.hbpfunds.com/

Best,

AIMster