Disclosure: The author has a short position in one or more of the shares mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Sell Daniel Stewart at anything over 1p

By Lucian Miers

3 April 2015 05:35

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I remember a holiday about ten years ago was somewhat ruined by a short position that I had left open ten bagging against me on the news that a convicted fraudster named Terry Ramsden (older readers may recall this flamboyant figure from the 80s, younger readers can take a refresher HERE as he is back) had taken a stake and was about to make a comeback.

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Comments

David Russell

3 April 2015, 07:24

I have to defend Daniel Stewart because they made me a lot of money when we sold a few days ago and when my son spoke to them about the company when we held the shares they answered the questions unlike some companies on Aim who will not reply to any contact. We sold due to the end of the tax year and was well over market size for the trade but it sold far to easy. I do not hold shares at present but will watch this one for many reasons.
paul

3 April 2015, 11:38

Well done Dave

You got lucky on the AIM casino. Even POS stocks can rocket for no fundamental reasons. There are probably many this week who are nursing their financial pain for jumping on board DAN, and getting caught up on the spike. This is a gambling chip, not an investment. If I were to invest here, it would be short. Look at DAN track record, it tells you all you need to know. But well done for being on the right side of this pump and dump.
David Russell

4 April 2015, 08:02

Thanks Paul it was luck but they did answer the phone to the small investor and the placing above the current price spoke loads to us. People have lost money on this stock but at least its still trading unlike some dogs I have invested and I hope it comes good for everyone old and new. We sold over a million shares far to easy well above a penny. Me and my lad just bought 1% of a company that the investors chronicle classed as a sell. NO one gives it a good name and these am the companies we like on the penny arcade sorry AIM.:)