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[sharechat] Reply to snoopy by macdunk.


From: "Duncan MacGregor" <d-m_macgregor@xtra.co.nz>
Date: Fri, 21 Nov 2003 20:08:29 +1300


Hi snoopy
                We certainly have opposite view points on RBD.    What I fail to understand Is how anyone can lose 44pc In there share price In 18 months, then say They will free up more funds to throw at this dog because the fundamentals are right.
There Is something wrong with a system that allows this to happen the fundamentals are completely wrong.   This Is where TA comes In, run a stop loss or trailing stop that way when you are blindly In love and your fundamentals up the woop you will be rescued.    This dog lost 11pc last week that would have been enough on Its own to get me out If I was silly enough to hold them.
Winny peters even had a go at them In parliament last week more bad news about unhealthy eating    [ killing the natives of the land].           They listed In 1997 at $2.20 I could have that wrong Its only by memory they are now less than half that price.    Add all the dividends to that and you are still runnig at a loss.   That Is the fundamentals that count perhaps If you add a little Ta to your system It might stop you making a clanger as costly as that.       Remember this dog sold Its kennel not much left to sell when It goes under.        I  look at dividends as an added bonus never as a must buy because they happen to be high.     high dividends seem to turn management into a trough feeding frenzie have a close look at some of them.   WRI and telecom for starters.
I learned a lot from you snoopy perhaps you might learn from me and fix up your selling strategy It badly needs fixing. 
           cheers macdunk 

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