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Oversold IMO

lse:hwdn

#1

SP has fallen 28.5% since referendum, as if UK is about to have a severe depression. I just do believe that to be the case. At these prices they are at least a weak buy IMO. A SP move over the next 3 months of at least +10% I believe highly probable.

Before referendum fundamentals did suggest that SP was about 10% more than could be justified. I am glad I took some profits by selling some at 489.2p in Feb.