Monday 17 November 2008

Ashamed to name

The Telegraph's City Diarist, Jonathan Russell, quotes a study by investment website, Digital Look, which reveals that analysts tipping shares as a “strong buy” have seen their picks slump by 45%. “The only thing lacking from Digital Look's research is naming and shaming the 80-odd financial houses responsible,” Russell sneers.
Presumably, then, it was only space constraints that prevented Russell from naming and shaming his own colleagues on the Telegraph's Questor share tipping column. Of the six sure-fire winners they chose as their “tips of the year”, one is in profit (up 17%) while the other five are all heavily down, having lost 18%, 59%, 38%, 38% and 45% respectively.

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