The LAD bet

KJ and MP made a bet. KJ is a sport betting expert and monitors the sector movement very well. Orpheus suggested KJ to hold LAD all through 2011. The stock delivered 55% over the year.
LAD is a 1.84 bln dollar company. Ladbrokes plc. is engaged in betting and gaming. The company operates in five segments: UK Retail, European Retail, Digital, Core Telephone Betting and High Rollers. Its UK Retail segment is engaged in betting activities in the shop estate in Great Britain.
So what was the bet? Whether LAD is still good to invest (KJ’s bet) or should LAD be avoided (MP’s bet). For us at Orpheus Jiseki rules and if Jiseki of LAD was above 80 per centile, it was expensive and not worth taking a risk. LAD is not a regular in our current universe (we are planning to come up with ORMI UK 15). We decided to run a Jiseki on LAD.
Jiseki on LAD weekly is near 100. This definitely was a NO for LAD. Top performers tend to underperform. The bet is still on. We are avoiding LAD and monitoring how it performs in 2013.