death of billabong?, page-39

warnie keeps getting thumbs down because many have seen this exact situation before, often it ends with the stock going much, much lower in the week following the initial big down day after the negative announcement

the downthumbers i think are just saying this will go to $1.50, or $1.

thats not to say its a bad decision by warnie- there should be a bounce where he can get out with a 5-10% profit withing a few days, and keep some for a potential turnaround in bbg fortunes.

as long a you are prepared to take 10% profit and arent expecting this to rebound back to $3 then its a good buy at $2.