3404 days ago
Mark Howitt has today penned an article slating writers who write about shares they do not own. He is a young man, naïve of the ways of the world and – with respect – an amateur scribbler talking out of his arse and here is why.
For Mark writing is a hobby it is not his main job. He may earn a few hundred quid a month from writing but it is not a main source of income, not enough to live on. Other folks are professional writers, that is to say it is their sole source of income.
Some of our writers such as Steve Moore own quite a few shares. It can put him in a hard position for he knows that he can only sell 72 hours after advising readers to sell. And so if he owns shares in a company that issues a profits warning where he has written about it – declaring his interest -, he must sit on the sidelines and sell out at a much lower price than were he not to be a writer. That is his call.
Mark’s thesis
3424 days ago
I wish no offence to those who believe in Santa (rallies) such as comrade Stacey not to those young whippersnappers such as Mark Howitt who see every sell off as a buying opportunity. But I have been warning for months that UK Equities were simply overvalued and that remains the case. Their advice to buy on the dips and not on the dips has been flawed. I am vindicated and I shall be more vindicated and so today I explain why shares (FTSE 100 down to AIM) are not for buying just yet.
