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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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TMI Trader Portfolio - May

May 2005

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.

After a strong seven months of growth, in which the TMI Trader Portfolio rose more than £60,000  to a high of £221,372, it finally succumbed to profit taking and fell by £16,571 (7.5%) to £204,801, although it remains nearly 105% up since inception. Clearly the momentum enjoyed by even the strongest stocks has been affected; investors' mentality typically being to take profits only when the shares start to fall, which exacerbates the volatility even further. Inthis context, last month's decision to boost our cash reserves through taking profits in Fayrewood, NCC and NETeller looks a good one. Not that NETeller's results were bad, in fact quite the opposite, with Canaccord upgrading this year's earnings forecasts to 64 cents (33. ...

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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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