As the US presidential election hots up, the serious mud-slinging gets under way. It is staggering just what dirt – it is all palpably accurate – surrounds the lead candidates. To some, all this is old hat but to younger readers/viewers I suggest a visit to YouTube.com and inserting Hillary Clinton: A Career Criminal. It is truly astonishing.
(Incidentally, and writing of crooks in power, I understand that Tom Bower’s imminent book on Blair is also a stunner.)
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Ocado (OCDO) have expanded their deal with Morrisons so to accommodate Amazon Pantry’s initial moves. Amazon will win. It is still far from too late to short Ocado. Now 260p.
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Pantheon (PANR) has produced a very strong reserves outlook statement this morning. There is a bull account in this stock which must hold the price back. But it looks to me as if the original target price of 200p is well intact (geddit?).
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I bought Watchstone (WTG) at 210p since I think the screaming crowd behind the bear case have very probably got it wildly wrong. On balance, the target price is well above 300p. I’ll change my mind as soon as Watchstone advise that they face legal problems arising out of Slater and Gordon. Absent that it is perfectly sensible to reckon that there are no such problems.