WHS - Warehouse Group

[JeremyALD]

I have a similar "never-fails" scheme for winning at the casino: every time you bet and lose your stake, you just repeat the same bet with double the previous stake. Regardless of the odds, eventually you will win and get all your loosings back!

I've done that and whilst it's possible you need very deep pockets!!!

[Biscuit]

I've done that and whilst it's possible you need very deep pockets!!!

OMG! Good for you! I would never dare try!

[BlackPeter]

I don't pick bottoms BP I average down using big volume over a period of time like I did with Air from $2.80 to $2.22.

I see that fund managers need to apply this strategy (buy into downtrends and sell into uptrends) given that they otherwise wouldn't had a chance to move the volumes they want to move. Judging from your posts it sounds you are typically owning quite large parcels. Maybe your situation is already closer to the situation of a fund manager than to an average retail shareholder?

Just being curious - are you doing the numbers (measuring the average return on your equity) and how does this relate to the usual benchmarks (like NZX50 or some of the larger funds)? There is a reason funds have typically smaller returns than (successful) retail shareholders ...

[h2so4]

OMG! Good for you! I would never dare try!

What are the odds? Don't they reset every time you bet?
Like the 1 in one hundred year floods that happen every year.

[stoploss]

I have a similar "never-fails" scheme for winning at the casino: every time you bet and lose your stake, you just repeat the same bet with double the previous stake. Regardless of the odds, eventually you will win and get all your loosings back!

This is a losing strategy , as you will come up against the table/ house limit on a bad run.

[winner69]

WHS has been down trending for more than a decade now and to make matters worse there is a long term Descending Triangle (Bearish) Pattern in play..The !!! alerts the fact that the more favoured chance of a predicted downward breakout may have occurred



Has WHS bottomed out?? the Dragonfly Doji appears at turning points..If WHS gaps up Monday it will confirm as an abandoned baby, a very bullish candle stick sign..If there's no gap up Monday then it will be concerning that primary support may have been broken (beyond the margin of error) and in the chartist's world that is seen as bad news...

Just in case punters didn't see a few pages back

[Biscuit]

This is a losing strategy , as you will come up against the table/ house limit on a bad run.

I'm certainly not advocating that as an actual gambling strategy. In theory, though, it does not seem to matter to me what the table/house limits are, you would just go to a different table/house. The "strategy" does not rely on "the odds not resetting" (Sulphuric Acid) but just on the fact that, given any odds, ultimately you will win - even if it takes forever and infinite money (Couta's strategy).

[percy]

I have a similar "never-fails" scheme for winning at the casino: every time you bet and lose your stake, you just repeat the same bet with double the previous stake. Regardless of the odds, eventually you will win and get all your loosings back!

I think this system was perfected by the late Kerry Packer.Most people got nervous when he started betting $2mil or $4mil double or quits.
ps.He met a big loud mouth in a Vegas Casino.Packer asked the guy what he was worth.$100mil the guy said,to which Packer famously replied,"I will toss you for it.".....

[Biscuit]

I think this system was perfected by the late Kerry Packer.Most people got nervous when he started betting $2mil or $4mil double or quits.
ps.He met a big loud mouth in a Vegas Casino.Packer asked the guy what he was worth.$100mil the guy said,to which Packer famously replied,"I will toss you for it.".....

Yes, and he died a rich man! But stoploss is right, you would either get lucky, run out of money or run out of partners with big enough stakes to bet against.

[stoploss]

Mmmm so all these winning punters st casinos ..... Sky posted a few losses over the years ???