By Nigel Somerville, the Deputy Sheriff of AIM | Tuesday 14 July 2015
Disclosure: I own shares in one or more of the stocks mentioned. 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.
Last week I offered a highly leveraged trading idea of ETFS Foreign Exchange Ltd 3 x Short Euro Long $, which is traded on the LSE under ticker code SEU3 (see HERE). The rationale was simple enough: Grexit, credibility of the Eurocrats and the popping of the China bubble which may trigger a flight to safety. As it happens – and seemingly against the odds – it looks as though Greece will now continue in servitude for another while, albeit compounded by tighter demands and national humiliation. Meanwhile the Chinese authorities have gone into Canute mode.
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