I sold a load of stocks today, that I bought as a package, including Tesco. I am expecting the market to trend down further over the next few weeks and it is my intention to re-invest in Tesco. I broke even on Tesco after buying a few weeks ago, and took profits on MRW.L and SBRY.L as I was fortunate to buy at the bottom. The brokers mark these supermarkets down, but they are holding up relatively well and I see them as a very good investment. Let's see if I can get TSCO.L for £3 (my original target), though it will take a lot bigger fall in the market.
Good evening Opium. You are awash with on topic posts on the Tesco bb so I would have thought that you would have welcomed some company even if is slightly off topic. Your undying devotion to Tesco is admirable given that you are actively deramping at least 3 - maybe more - other retail shares that I know of. This leads me to believe that you have an average in here that starts with a 4 or you are being paid for your services. Good nigh to you.
No this isnt a request that Tesco move some of their banking arm into this venture but a thought on reduced sales at Tesco and possibly other stores.
There is a rapid rise in the use of food banks as more and more people struggle. Many of these sorts of people are using payday lenders, who suck the spare cash out of these people. I know some make "bad decisions" etc but the result is lots of people with no money.
I wonder if that is having an effect on the value range sales?
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