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Re: [sharechat] WRI

From:	"tennyson@caverock.net.nz" <tennyson@caverock.net.nz>
Date:	Wed, 11 Dec 2002 12:20:32 +0000

Hi john,

>
>there's been considerable chat on WRI recently, for my input:  WRI
>has been an axcellent trader now since early 2000 
>
>


Its been a good 'buy and hold' over that time too


>
>
>one thing i have learnt is any profit is a good profit 
>
>


I'm not going to argue with you on that.  If you have made money by 
trading Wrightsons, that's great.


>
>
>so why risk giving it back? 
>
>


Because of the risk you are selling a share at well below fair value 
while the upside risk is greater than the downside risk.  

And you have the risk that by buying and selling you will destroy 
your profit through churning and the associated brokerage.

SNOOPY


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References

[sharechat] WRI john selby

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