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Why I have added to my short in Quindell in a big way

By Waseem Shakoor | Thursday 12 March 2015


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.


Those following me on Twitter (through @WShak1) will have noted that I closed all of my shorts on Quindell at around 71p a few weeks ago. The trade proved to be a very profitable but, given my negative view of Quindell, it may have seemed strange that I closed at all. I hope I was clear on my reasons why, which were based primarily on the notion that I expected another "rampathon" by promoters that would allow me to re-open my short from higher levels. Aside from any argument over its merits as an investment, Quindell has proven itself to be extremely volatile and there is money to be made if one is confident enough to trade around the huge swings. 


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