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Sell and Short Gulf Keystone at 68.25p

Tom Winnifrith Sunday 10 August 2014

 

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On a financial level I have always been bearish on Gulf Keystone (GKP) long arguing that the shares were really only worth 30-50p – something that has not endeared me to the Bulletin Board Morons. Well I guess I was right. But what has changed to make this an outright slam dunk short sell? Answer: ISIS.

Incidentally HERE is my first red flag piece on Gulf from April 2013 with me saying sell at 154p and I have consistently argued that fundamental value was 30-50p. I would now target the bottom of that range or less.

Without doubt these Islamofascists are truly the most repellent force on this planet. Opponents or those who are not the right sort of muslim are beheaded, crucified or shot. Even children are beheaded. Although I see that in the Guardian that the ISIS flag is now also flying in Poplar East London alongside the Palestinian flag, it is in Syria and Iraq where the headway is being made.

Peering at my maps today

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About Tom Winnifrith
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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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FREE Podcast: ShareProphets Radio Edition 25 with Tom Winnifrith & Flip Flop Ben Turney

My guest in this week’s show which is sponsored by Open Orphan PLC (ORPH) is a former editor of this website Flip Flop Ben Turney. We discuss the problems with AIM, New World Oil & Gas, Nostra Terra (NTOG), touching on the mud being slung at Ben by some folks but on the real issues that company faces, on Touchstone Exploration, Big Sofa (BST) and many other matters, notably AIM PLC director expenses. I also discuss companies who switch Nomads too often. Yes that includes Versarien (VRS) and its forced change of today. If you like this podcast and can’t wait seven days for more of the same and are tired of being a cheapskate you should listen to my Bearcast every day.

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