An amusing story on seekingalpha.com has it that a young lady fund manager named Goldenberg wrote a letter to Warren Buffet about her stocks. The letter so impressed him that he asked her to lunch — in Omaha. She duly went and among other things showed him VRX. Ever curious we looked at the chart. Two years.
So is this worth an investment? It doesn’t drive us wild with desire. But it is in an uptrend. That’s the positive. Negative wise the trend is a year long and the stock is up over 100%. There is always a way to manage issues like this: wait until the high is taken out and put in a 5th of the line you intend to commit — with the other 4 tranches as the trend continues.
Stop 3% under the nearest wave low.
On the other hand if you want to buy Buffet that’s probably not a bad trade. BRK.B.
Broke out of a rectangle and is doing what Buffet stocks do.