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Rien

12/12/02 2:23 PM

#6374 RE: OldAIMGuy #6372

Thanks Tom, I have arrived at this conclusion too:

My recommendation now is to only modify the Sell SAFE and always leave the Buy SAFE at 10% minimum. You can inflate it, but it shouldn't be reduced below Mr. Lichello's standard.

We don't have to be afraid selling, but we should when we are tempted to buy. Simply because there is an end to buying, but none to selling. Nevertheless, seeing it in writing really drove the point home once again. So thanks!,

Best,
Rien.
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LemonHead

12/12/02 10:35 PM

#6379 RE: OldAIMGuy #6372

Hi Tom, Just read one fine News Letter... Thxs, the thought crossed my mind. What if Lichello had reversed the AIM process to "You can never run out of Cash, but you can run out of Shares!

Now there's an idea!

FWIW
Keith

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ljk

12/14/02 10:00 PM

#6411 RE: OldAIMGuy #6372

Hi, Tom:

I don't understand the new concepts you're incorporating, but I sure need to, so I'm re-reading your last report.

By the way, I had a modest position in GNSS at a much higher price and it's one of the stocks I put into AIM just recently. It had me lapping up more shares yesterday and now I'm in negative cash reserve. I have the SAFE set to 20 and 0. Do you have any thoughts you'd like to share on how to handle it from here? I don't mind going somewhat into negative cash reserve in order to average down, but I know from the past almost three years what a bottomless pit that can be, so I am not sure where to put on the brakes and just wait. Right now AIM wants me to buy at 14.10 and sell at 20.03.

Would you say after hitting negative cash reserve that one should adjust the SAFE values even more, for example?

Linda