I had never been to one of The Spectator’s public debate/discussion events until yesterday evening when I was a guest of Andrews Gwynne, a firm of wealth managers based in Leeds. Here Andrew Neil put points to David Davis concerning Brexit. David Davis must have the patience of Job cubed since he was constantly asked to answer points that must be held back during the Brexit negotiations. This went on for half an hour at which point the audience were allowed to put questions to David Davis. I left at this point since the questions put were fairly banal.
Although I had bought Bushveld Minerals (LON:BMN) on 16th March at T+20 and therefore had some room to sell it, I nonetheless decided that it was time to chuck them this morning. I am not sure that this was wise given that the target price is 20p. But it’s done now.
I shorted FTSE yesterday evening and have been promptly bloodied for 80 points. I am not sure what to do now.
However, Tesla (NASDAQ:TSLA) is at long last collapsing. It’s been $254 and is now recovered by $10. The American public has given up. This is long long overdue but given the debts of $10 billion and the prospect of perpetual losses one wonders why the collapse has taken so long. Tesla is surely still the greatest short in the history of the world’s stock markets.