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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - January

January 2003

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

The portfolio fell 0.4% over the month, outperforming the FTSE-100and FTSE-All Share indices which fell 5.2% and 4.9%respectively.    The small decline was caused by S&Ufalling through our 410p stop-loss, prior to issuing anotherdisappointing trading statement. The company warned (for the secondtime) that its bad debts were increasing in its core home creditdivision, which would lead to a 10% fall in profit. Our stop-losssystem mitigated the losses on S&U, but it is somewhat ironic tonote that two other stop-loss victims, Henlys and French Connection,have since recovered back to our original buying price.  Businesswise, neither of these two companies have performed badly recently, butwe lost out due to the abn ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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