Forum Archive Index - March 2003

["Lazy Haggis" <lazyhaggis@hotmail.com>]

Good question. In the case of SKC the remaining 20% I hold on behalf of 
another party (minors) by means of a family trust. The other trustee(s) do 
not wish to sell at the moment, but they may change their minds soon.

In any event, depending upon circumstances, I will progressively buy or sell 
into a stock rather than take a full 100% plunge. If I knew for certain what 
the future held (which I don't) then the 100% strategy would be perfect. I 
base my decisions partly on calculated risk/reward analysis.

For example, the downside risk for SKC is clearly rising in my view for 
several reasons which have already been raised in the forum, with varying 
agree/disagree opinions. Namely, possible changes in government legislation 
for gambling/smoking, and the effect on tourism/locals caused by the Iraq 
war and the SARS deadly virus.

These latter two (war and virus) are potentially very serious for many 
stocks and people, and at the time of writing, appear to be escalating for 
the worse.

Lazy Haggis.

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