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Quindell still a sell at 197p - shares will fall much, much further

By Lucian Miers | Wednesday 16 July 2014

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.

Quindell’s (QPP)  trading update on Monday gave bears a welcome opportunity to add to positions higher up as the shares soared 30% on a knee jerk reaction to the bullish statement which was accompanied by a buy note (target price £13) by some oaf round at Cenkos the company’s brokers. 

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