What’ll he say when Wall Street goes down?

I just had to buy Bitcoin this morning since Lloyds Bank banning its customers from using their credit cards so to participate is surely the proof that it has got to be worth having a go. Mind you, I bought only a smidgin and paid $7,975. Also, what on earth is Lloyds thinking of when a chap sets out to have a go?

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Nice knowing you: Jeff Fairburn signed a contract with Persimmon and made £118 million. Good for him – although I am less sure that the NEDs that arranged this result are particularly bright. However, yesterday’s SunTel reports that a group of “major shareholders” want Fairburn to give up the money or go. I know what I would do.


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I sold Hexagon AB again this morning – this time at E456. Just because Mr Rollen is not immediately going to prison does not mean that there is nothing yet to come out. Take a look: this balance sheet remains awful and is getting worse.

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I have known Matthew Earl for ten years. He is now running a fund in the City styled ShadowFall and on Friday he published a generally highly sceptical note on IQE (LON:IQE). It revolves around related party transactions and the deployment of two joint venture companies. This morning, IQE seeks to rebut the general tone of the ShadowFall report. This RNS deploys the wording (third paragraph) “IQE would like….”. That’s fine but be it noted that it does not read “IQE rebuts….”. Merely liking to do does not constitute doing.

IQE remains a stonking sell at 100p. I sold more this morning at 100p. It would be rude not to.

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Tesla (NASDAQ:TSLA) engaged in some slippage last Friday but not as much as I expected. It later transpired that they were raising c. $500m of bonds and therefore, presumably, the fan club were out in full force supporting the price. So, at $340 it remains a straightforward sell.

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Finally, Trump has claimed all sort of improbable achievements. One of them is the levitation of Wall Street. What’ll he say when Wall Street goes down?