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Market Comment - February 2003

February 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.

Over a number of years, before the stockmarket peak in early 2000, we persistently (to the point of boredom) recommended that you read Kindlebergers' book, Manias, Panic and Crashes – we believed it was vital that you understood what could lie ahead.  Many of our parents and grandparents suffered two World Wars and a depression, and by comparison we have lived charmed lives.  Perhaps, that is untilnow. In our view there has been some very silly reporting ofthe current market turmoil even in the best quality newspapers. The prospective Gulf War II did not cause the bear market, as some commentators seem to be suggesting.  The upcoming events were but a twinkle in Bush Jnr.'s eye when the stockmarket peaked. ...

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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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