Thanks for the Byd reply. I decided the stock's not for me. I closed out my remaining few shares.
I don't understand Byd well enough to know that this Chinese company could be a leader, ahead of the Japanese, in batteries.
Depending on how I look at it -- my luck, timing, or something else, I've had okay results following Mr. Buffett into some of his picks. With Mr. Munger - Wesco, his legal journal company (can't recall name of this public company) -- my results have not been good. I guess that experience will remain consistent here too for me with Munger's BYDDF.
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Positive for Byd could be that it's beat down to a low, and might stabilize or recover from here. Among the Chinese stocks I am watching, they all seem to have been dropping lately, so maybe Byd's fall here is not due to a company-specific issue. Down is down, but in this case, I'd rather have a company down because it's caught in a general market decline, rather than because of some difficult issue relating specifically to the company's business prospects. For now though, I leave this stock to others. |
