By Gary Newman | Saturday 5 September 2015
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
A month or so ago I wrote a piece suggesting that people avoided Lonmin (LMI) at a share price of 62p. Although it looked cheap at that price I could see further downside based on funds selling prior to the South African platinum miner’s exit from the FTSE250 in the quarterly review.
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