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Dialight Trading Statement – Evil Knievil delighted: it ain’t good

Tom Winnifrith
Thursday 7 November 2013

Bear raider Evil Knievil started shorting LED Company Dialight (DIA) at 1200p three weeks ago and I wrote at the time that I agreed 100% with his analysis. The stock has opened down 33p at 1033p today after a less than impressive trading statement. Evil says he is “delighted”. We both expect the shares to slump to 600p in due course. Here’s why. 

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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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