|Part The Warehouse team on the lawn at their head office in Akoranga Drive.|
They needn't have 1200 working there though. 200 would be sufficient.
The Warehouse Group Ltd [WHS.NZX] was last visited on February 20th when it was trading at $2.64c.
I sold 4900 shares on Friday March 10 for a loss of about $2000 at a consideration of $12020. I kept 100 just for fun and to cause trouble if I want - it could sell one day.
While a teeny tiny part of my portfolio, it kind of stuck in my craw a little bit. Having that Sword of Damocles hanging over me when I knew I should have walked away from it about 3-4 years ago.
Ill leave the woe is me I lost money on this one behind cause I left that particular kind of thing behind on Feb 6 2012 - except to say this money is destined for lawyers again because my Ex wife is being rather nasty with our child - should have followed my passion into the law cause my current lawyer has now got a vast amount of my money.
What sort of psycho babble keeps a person holding onto a share when they know they should have sold some years ago?
I think it is fear. Fear that you made a mistake buying it in the first place. Fear that you held on for too long and fear that you finally have to crystallize your loses making it feel somehow real.
I don't feel that now though. I just feel relived. Relived that I have preserved some capital and I could pursue other purchases with it - briefly AIA shares although might sort of wait a bit to see if it will go lower.
Yeah, I think relief from the constant niggle in the back of my head that really should be rid of that little monster the WHS.
I will give them 2 years.
If they havent cleaned out head office of 800 folk and gotten rid of the hundred of lines of useless junk taking up space on their shelves - who the hell sells DVD'S these days - then they will be confined to history.
Avoid at any cost.
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|Security Analysis: Sixth Edition, Foreword by Warren Buffett (Security Analysis Prior Editions) by Benjamin Graham|
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