He first shot to prominence in the late 1980s after issuing "sell" advice on Barclays when working for BZW, Barclays' in-house investment bank.
Issue stock, perhaps, when your idea is developed, as your business succeeds, then you, the lender and seller may profit and pay off loans by issuing, selling stock, ie: "selling paper".
Cantor Fitzgerald and UBS both issued sell notes.
Few stock pickers sounded the alarms or issued sell recommendations until too late.
Separately, Evolution Securities issued sell notes on both Kazakhmys, down 3p to 591p, and Antofagasta, 1p lower at 587p.
In a hefty 130 page research note, KBC Peel Hunt Robin Hardy issued sell recommendations on all the major housing companies with one exception, Galliford Try.
Betfair fell 39.5p to 682p as UBS and Espirito Santo both issued sell ratings on the betting exchange following its recent results.
But if they had done so, the system undoubtedly would be issuing sell signals.
But the Fidelity and Putnam analysts, who had been supporters of the stock, turned negative, issuing sell or underperform recommendations the next morning.
The mood was not helped by Evolution Securities issuing sell notes on both Kazakhmys, down 3p to 591p, and Antofagasta, 1p lower at 587p.
