UK 09:59 Wednesday, 7 October 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. 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.
Apparently when going short of Home Retail (HOME) uber-posh fund manager Crispin Odey made some fairly nasty comments about poor people (aka folks who buy shares in David Lenigas companies). Well he has been burned today and that reminds me of a classic episode of The Young Ones (see below). I reflect on why shorting is a bad risk reward play and what that means and also on the idiocy of buying by following fund managers. I mention Tungsten (TUNG) and Allied Minds (ALM) in this respect. Elsewhere I ponder Totally (TLY) and the wisdom - in this case - of Wildes and then Greka Drilling (GDL), Evocutis (EVO) and Golden Saint (GSR).
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Comments
filthy lucre
I haven’t listened to this as too busy, but isn’t Crispin ‘much richer
than yow’ if we are going to talk comedy (fast) shows?
His record is somewhat more impressive than yours. Small mistakes
occasionally are inevitable. I’m not so sure that we can say the same about you.
Tom Winnifrith
Filthy aka Rob Terry’s pal.
If you had listened to the bearcast before posting crap you would have seen that this was all reflected in the bearcast. You really are a total arse.
t
filthy lucre
Don’t misrepresent me. I posted here a couple of days ago that the jury was out
on who was ‘innocent’. You or Rob Terry.
I am not your biggest fan, so how does that make me ‘Rob Terry’s pal’?
Please don’t twist my words like you twist everything else.
Tom Winnifrith
Filthy you defended Terry throughout and attacked me.
What we do know is that
a) Terry is being investigated by the SFO
b) I have been congratulated by regulators for exposing fraud at Quindell
So a rational man would assume that it is incredibly unlikely that I will be found guilty of anything over QPP & Terry cleared entirely.
Or do you disagree?
T
Duck and Dive
It’s Baby Bear I’m worried about.
MrMoto
Hat tip to blogger ledge Paul Scott on this one. Bought a large block of HOME on his tip a few months back, took a while to come back but 40% today, I’ll have a but if that.
That man is a balance sheet wiz.
wildrides
I loved the young ones . My fav episode was when they tried to put some weeks old stinky washing into the washing machine and the washing machine spat it back out cos it was too smelly .
Phil
I fully accept that Britain’s NHS is inefficient, is isn’t cost effective, unwieldy and suffers failure.
But the NHS has to solve the problem that every individual needs a unique health care plan, you can only take production line techniques so far.
An example would be the flu jab. It is possible to create a cost effective model for the vast number of people, but there will always be exemption, a number of people will react to it, and it some cases very badly.
Another would be drugs, a drug that works for you may not work for someone else.A drug will is quite harmless to you could literally kill someone else.
It seems to me to have become an obligation to complain about the NHS, try being in a country that doesn’t have one
As far as funding is concerned. Well Britain will always fail to be able to fund the welfare state all the time taxpayers monies have to be used for unnecessary wars, and to bail out stupid feckless bank shareholders and the like, who given a choice to elect a proper banker to their board or a carpetbagger, choose the carpetbagger.
If anyone thinks my taxpayers monies are going to be used to bail out a bank I have never owned, think again. You might want to do that, but count me out. I’m working an interest free credit card loan, and where is that money. It’s in the markets of course, where else. Sure there is a service charge, but it’s cheap money, I have also screwed over £400 quid just moving accounts around, they give you money for doing that. Banks want loyalty then pay for it.
Don’t borrow money to buy shares, that was Birchall, the old broker told me way back in 1973, the old fart. He dumped into every piece of trailer trash he could find, in the 73 crash, they wiped out, 4 went bankrupt. What share survived, the one on borrowed money. Birchall was in reality what Sam Antar calls the enabler, they bring credibility. Birchall wasn’t a bad man, he wasn’t corrupt, he was very well meaning, that is what made him dangerous. The sands of time were shifting, and the brave new world was passing him by. I was the new shareholder, edgy, risky, dare I say cocky, and why not.
I couldn’t blame him, he did tip some crap shares, but it was always my choice to buy them. He never made me, I carried on using him, but executions only