How to play a Thomas Cook-style meltdown

Thomas Cook's financial woes knocked its share price for six this week. Tim Bennett outlines a spread betting technique to profit.

Bad days on the stock market don't get much worse than Tuesday if you are Thomas Cook. Its shares fell an eye-popping three quarters before putting in a small recovery on Wednesday. Anyone who happened to be short the shares is probably sitting in the Bahamas right now sipping a gin.

However, another group of betters will have done very nicely too. And it's their strategy that's worth adding to your toolkit.

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Tim graduated with a history degree from Cambridge University in 1989 and, after a year of travelling, joined the financial services firm Ernst and Young in 1990, qualifying as a chartered accountant in 1994.

He then moved into financial markets training, designing and running a variety of courses at graduate level and beyond for a range of organisations including the Securities and Investment Institute and UBS. He joined MoneyWeek in 2007.