By Chris Bailey | Wednesday 17 October 2018
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.
Back in June I discussed the housebuilder Crest Nicholson (CRST), observing that with likely lower margins and a shabby housing market: 'There's still only one conclusion on the housebuilders from a reasonable total return perspective for the next year or two: sell 'em all'. Well back then, the shares were a little above four pounds. As I write now, the share price is only ten pence or so above the three quid level…
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