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[sharechat] question for snoopy


From: "Duncan MacGregor" <d-m_macgregor@xtra.co.nz>
Date: Wed, 9 Jul 2003 18:38:03 +1200 (New Zealand Standard Time)


Hi snoopy
               I understand and agree with your strategy for buying and holding the warren buffet way.     however what Is the strategy when a share turns to custard, as can happen when a company steers In the wrong direction.  Lets take RBD for Instance one of your dogs, you bought warrens way but what happened then with the exit strategy?.    We all buy Into a dog now and again.    I press the button at minus 15pc regardless.  How low would warren go before hitting the button at what point would he exit RBD, or would he stick with It until It rolls over?.   The warehouse have the same problem as RBD In Australia they are finding fierce competition over there.  They would be better to sell up and come home.  Retail and fast food In Australia Is definitely not on my list of buys.  The question being snoopy what level would warren realize he was riding a clanger and bail out.
                  cheers macdunk
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