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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - July

July 2002

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 4.9% over the month in absolute terms, buthas outperformed the FTSE-All Share by 4.3%.  Market sentiment hasturned decidedly bearish  because of a lack of confidence incompany accounts and chief executives, post Enron and Andersen. This has been aggravated by the over optimistic forecasts of aneconomic upturn, vanishing in a puff of smoke. Many less experienced investors (and more than a few experts) alsobelieved that the FTSE couldn’t fall for a third year in a row, ascenario that seems a distinct possibility now.   Theyobviously haven’t read up on their history books.  Although therewere only two down years between 1977 and 1999 there were 36 down yearsduring the rest of ...

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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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