Reply To: CLLN

Moderator

Yes, all is lost on CLLN. No I did not take account of the short position but because of their financial difficulties I moved it to Hold some time ago. I don’t do Sells (except in very rare technical circumstances not applicable here) as you probably are aware, for reasons I’ve mentioned previously and which I’ll reiterate in this week’s TDL which will be about the CLLN failure.

If you think short term trading opinion, long or short, has any place in the HYP strategy, it doesn’t. Most traders lose money so their view is of no consequence in my opinion. And I’ll say further that even if I were to take account of a strong majority view on a share, I’d probably go the opposite way provided my analysis supported this. Long experience tells me that the majority is all too frequently, but not always, wrong. One case where they were right does not disprove this.