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Market Comment - June '19

June 2019

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.

Last time we said “there is one more down and up just ahead (say 5% down, not too scary)...,” and in a textbook fashion that is what has occurred. If this road map continues to be valid, before next month’s issue the US stock market should be on its way to a new peak (pulling up others, including the UK), to be followed by a correction from the Autumn, the biggest in the large uptrend since March 2009.The good news? After that large correction (say 30% down) Elliott Wave theory highlights the potential for a rise in excess of 40% - that’s certainly worthwhile, providing you are fleet of foot.  And, of course, you should plan to be wrong, for example with a sensible stop-loss to protect your capital. ...

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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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