Ad agency looks incredibly cheap

I am in something of a dilemma at the moment. Since last summer I have been pursuing a strategy of not recommending shares to buy against the background of a primary downtrend in the market.

Some readers may recall my characterisation of recommending shares to buy in a bear market as like throwing Christians to the lions.

On top of that I am not a great value investor; so often I have found that when shares look cheap it is because there is bad news on the way.

I don’t want to tip shares to buy but I feel cautious of making further short-selling recommendations.

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