This article on Cupid was emailed out to users of onefreesharetip.com about an hour ago since when shares in Cupid have fallen by 11p to 101p. I do not normally reprint onefreesharetip.com articles. If you want them sign up to the service and be ahead of the curve. But in response to a few requests I reprint this one. This is a one-off. If you want ideas ( short and long) from a panel of 20 odd share tipsters, bloggers and analysts REGISTER HERE
The article reads:
My colleague Adnan Siddique wrote the other day here that online dating agency Cupid (LSE: CUP) was a binary bet. It was either going to double or crater. I agreed with that analysis and like him thought it was right to buy. We would both now stick with the binary bet call but would both advise selling and – in fact – would open a short position. The current short is, BTW, not 27% but perhaps 6% of the issued share capital. I think that number will get much larger pretty soon. This is not a stock to hold. I got it wrong but having read some fresh material last night am making a 100% volte face on this. What you have lost on the bull track you should aim to recoup on the bear tack by going short.
The bull case for Cupid (me getting it wrong) is presented HERE
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