Talk about Kids in a playground - makes me laugh!!! I think my 6 year old daughter is more grown up than JP Morgan!! Just because Tesco change from JP Morgan to Barclays and Deutsche bank as corporate brokers, JP spit the dummy out! Laugh my socks off!!!! I was not a holder in Tesco but this looked like a buying opportunity to me - so im in! Trading results out in about a weeks time so time will tell!
Thought-provoking article from Phil Clarke about the NEXT generation of TESCO customers, the under-25's. A good chance of the TESCO Tablet being on lots of Santa's lists, IMO. ClubCard owners said to be getting a good price discount.
Forgot to mention that I also sold put options of lower strikes as well. If assigned I would buy stock at lower rates to average if not I would keep the premium and reduce my average buying price by similar amount. What do you reasonably believe will this stock do in the next 2 weeks all of you long on the stock?
As you can see a couple of Research Houses have indicated a target of 365 midway within the trading range 355-375. I have now altered my opinion in this stock and believe that in view of the forthcoming trading news the price might attempt to go over 400p, if overall market conditions do not deteriorate significantly that is. This is my opinion though. I also have sorted open options positions and bought more stock. Lets see who can guess correctly here. What do you say?
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