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I think Theresa May’s handling of Brexit is absurd and reckon that we will probably end up with no deal. So whenever that looks to be more likely than the market reckons it is time to go long of FTSE. Conversely, when things look overcooked, it is time to short FTSE. So far so good.
Last weekend’s sport was highly profitable. On Friday night I started off with the Mickelson Woods golf showdown. This was high excitement only settled about four holes into the sudden death play off. A handy £10,000 went in the tin.
I also had the pleasure of watching just how bad Women’s T20 cricket is: it’s the way the catches get dropped. The trick lies in backing the team that is the least clumsy.
Getting on for ten years ago I made at least £250,000 going long on Petro Matad (MATD) and then shorting it. I therefore readily see the big mistake bulls are making right now. Sparky life will never return to this stock however good current drilling turns out to be.
Finally, I apologise for being so profoundly wrong over Tesla (TSLA). I am now out of it and do not intend to return for a long while. The affair has cost me at least £150,000.