12 May 2020

A sharp rise in the share price of the UK’s leading bicycle retailer yesterday, which saw the shares jump by 33p, looks to have provided an excellent opportunity to short the stock!  The bounce in the price seems to have been caused by suggestions from the Government that people should walk or cycle to work.  The shares now look expensive in our view having risen strongly and we suggest a sale at 194.4p. SELL

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