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Cupid…the telephone number question

Tom Winnifrith Saturday 23 March 2013

 

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On Friday I executed a volte face on online dating agency Cupid (LSE:CUP). I had tipped the stock but advised readers to sell and go short. Those who followed my tip on my Nifty Fifty website to buy at 185p would have sold at 112p losing 63p. Going short at the same price they would now be 63p ahead as the shares closed Friday at 49p. They have got their money back. But they will end up making money as this stock has a lot further to fall. In my view the potential downside per share is almost 49p.

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Tom Winnifrith is the editor of TomWinnifrith.com. When he is not harvesting olives in Greece, he is (planning to) raise goats in Wales.
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