By Tom Winnifrith | Thursday 11 January 2018
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.
Well which fund manager do you think always knows far better than than the market? After dismal interims in September, only those who always know better than the market would have snapped up 5.02% of the company in early October...
Of course you all guessed. Step forward Neil "Nomates" Woodford, the man with the reverse Midas touch. I guess by his standards losing almost a third of your investment in less than three months is only a modest disaster. Heck it is only £54 million of other folks money that we are talking about here.
So given that Nomates always knows best do you reckon he will be averaging down on this one? I would advise against it - see HERE - but what do I know?
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