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?


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.


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.


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.


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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