InvestorsHub Logo
icon url

The Grabber

05/11/05 9:12 AM

#15871 RE: Neil Scott #15869

Your Welcome Neil.

I believe it can enable you to use far more volatile stocks with this method that you would feel very nervous doing is straight up AIM..

Agreed! One of the questions I posted some years back on this board (or maybe SI prior) was along the lines of 'who amongst us would be willing to keep all of our eggs in one basket, and trade $10,000 - $300,000 at a time as in Lichello's 10, 8, 5, 4, 5, 8, 10... example'?

My trades under LD-AIM so far this year are averaging about $1,500. That is higher than the previous years average of $1,200. One should expect this over time I suppose.

my accountant has me down as a trader rather than investor on my tax office code.

This is interesting. How does this work? Is it like Short Term versus Long Term capital gains treatment here?

Re CFU.AX: I have an alternative power company as well. PLUG. It is involved in Fuel Cell stations for backup and eventual home use. It is one of my best AIM holdings. Lots of action. Very volatile like you state about your CFU

They are an Aussie company, but due to the Australian governments disinterest in the Greenhouse issue they are building their factory in Europe.

I think that all of these issues will come along as the economics evolve. Just like steam versus internal combustion 100+ years ago I suppose.