Disclosure: The author has a short position in one or more of the shares 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.
Investors of all types often fall into trap of the following mistaken logic: Thing A is going to be huge. Company B is involved in Thing A, therefore the shares of Company B are a buy. Hence with Tanfield (LSE:TAN) – at 15p worth £20 million, a former stock market darling: Electric vehicles are the thing of the future. Tanfield make electric vehicles. Etc. I warned recently about Tanfield and note that it admitted last week that its investment in Smiths Electric vehicles is probably worthless. It happens all the time. But it’s fun while it lasts.
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