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08/15/04 5:56 PM

#13695 RE: Firebird400 #13693

You are illustrating the advantage of AIM and AIM-like contrarian strategies. At market tops, everyone clearly sees the likely path of higher prices. At market bottoms, everyone clearly sees the likely path of lower prices. In my opinion, the price of oil is vulnerable to a decline, the stock market to at least a brief rally. Vulnerable is the word, there are no absolute certainties. No one has ever repealed the basic law of economics, higher prices lead to increased supply and lower demand, and vice versa for lower prices. AIMers are selling when prices are at premiums so they have cash to buy when prices are discounted.