The Evil Diaries: “incontinence in action”

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The Evil Diaries: “incontinence in action”

What’s in a name?: a director of Proxama (PROX), “the international mobile proximity commerce company”, has left the board. He is one Miles Quitmann. Are you surprised?

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Astonishingly, Mitie (MTO) have yesterday bought back another 150,000 shares – or at least £1m+ in recent days. They must be loopy. But however loopy they may be they are not as loopy as Lloyds Bank who a few weeks ago lent Mitie c. £15m.

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I sold out of Asia Resource Minerals (ARMS) at 39.25p this morning since I do not want to finance the position for another ten weeks or so pending the emergence of the 41p. This is known as incontinence in action.

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However, Quindell (QPP) seems too low to me at 124p. I appreciate that it will take perhaps another three months before the cash distribution of 113p. But it will happen. A buy for the patient.

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Over in The Players Championship Henrik Stenson is, I am told, the bet since he is really a 11/1 chance which contrasts to the current 20/1 to hand. Kick off is this afternoon.

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