By Ben Turney | Thursday 7 August 2014
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.
I came face to face with a serpent yesterday; the pernicious temptation to short a stock on the basis of a piece I knew Tom was about to publish. I spoke with Tom in the morning and he told me about the £4.5million bombshell he had uncovered. This revelation was so explosive I don’t mind admitting it was the first time the thought of opening a position against Quindell (QPP) crossed my mind. I am human and just as flawed as anyone else. I also have a young family and the lure of easy money is all too enticing. I could easily have opened a spread bet or got a friend to short the stock on my behalf. But I didn’t. You see this is what most of our critics completely fail to see. We have positioned ourselves at ShareProphets to attack market abuse as vigorously as we can. Whatever else you might say about us and our editorial style we are not stupid people; far from it. How dim would we have to be to throw stones in a glass house we have chosen to build?!!!!
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