Every why hath a wherefore

On RIOM and rumours

After several e-mails arriving on the same subject, a quick note (if only to staunch the flow). Yes I’ve heard the same rumour as you, the one that apparently made the stock pop yesterday afternoon. No I’m not going to repeat it here because it’s straight hearsay and I’m long the stock, so not going to join in the games. I’ll say here that it looks like a classic rumour structure, with a grain of truth in the centre but then a whole heap of guesswork and conjecture is added on top, and as such I do not believe it. That’s all and apologies if this sounds cryptic to others.

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