Which embittered cynic insisted that stockbrokers never issue “Sell” circulars?
Probably some brass- necked journalist. Last week, Davy, the doyen of Ireland’s brokers, confounded convention. It issued a “Sell” note about Paddy Power bookmakers.
Some poor innocents – somewhere – still take heed of Davy’s views on the market. Paddy Power shares tumbled in reaction to the broker’s thumbs down.
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