It's a generalisation, but Briscoes customers are more middle class, WHS more working class. And as we all know it is the working class who tend to suffer more and spend proportionately less when times get tough. Which they are about to...
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Go back to early October in this thread and have a look at the flak I took for daring to call the top at ~ $4.10. Even sold heaps of shares the same morning the CEO was buying them so he probably bought mine lol. Some newbies on here thought the wily old dog was just a young pup who came down in the last shower and knew nothing. Bet they wished they'd listened to my barking now eh ;)
Wait for $2.50 is my call now.
If its not a multi currency retail share its higher risk...
even if there is a big hole in the market it will get sold off and a rebuild at some years hence..The person's who throw the money in to the black hole will leave and another re org will start.
history repeating...
[QUOTE=Beagle;937816]Go back to early October in this thread and have a look at the flak I took for daring to call the top at ~ $4.10. Even sold heaps of shares the same morning the CEO was buying them so he probably bought mine lol. Some newbies on here thought the wily old dog was just a young pup who came down in the last shower and knew nothing. Bet they wished they'd listened to my barking now eh ;)
At the end of September you said:
"$5 before Christmas 2021 and $7 before Christmas 2022 and also NZX50 inclusion in 2022, I called it first :D"
But hey, things can change from one month to the next. Especially if it's WHS...
From an 'investor' point of view (as opposed to a trader).if you hold for a year or more the chances are that you will end up losing (including dividends) .... based on buying in July
Good call Beagle. I see lots of beers and oysters coming your way at the next st meeting for all your wonderful calculations and predictions. If all the people who have had good fortune from Beagles postings, I can see Beagle will not have to pay for anything for the next 3 or 4 meetings:t_up:. Getting back to WHS, I will be buying back in from 2.40 to $2.80 more or less.
Jeez beagle …..WHS down 21% from your sell price
Nick needs the share price to up 28% to break even on those shares he bought off you.