Just to re-cap on last Thursday’s positions. I stayed short of TESCO (TSCO) at £2.17. Today it’s at £2.07. It is going to fight to stay above £2.00, but on the lack of any positive news it will break the £2.00 support. My target remains £1.75ish. One for the patient. Having said that, a 10p…
My short on TESCO (TSCO) at £2.17 paid off handsomely as it dropped as low as £2.01, but then we had a bounce back to £2.17. But it’s now time to short again and back down to the £2.00 level. As I have said in my previous posts, at £2.00 the price is going to…
Re-cap on last Thursday’s calls: Short Tesco (TSCO) at £ 2.17 made it as low as £2.05 within three trading days, followed by the inevitable bounce to about £2.11. I am staying with my call of £1.75ish price target for the patient. The £2.00 level is a major psychological level and when breached will most…
The 2,200 level on the S&P 500 will bring us to bubble levels, which is where we need to head to if we are going to see any “correction”. That certainly is the level that I will close my long, tap my fingers and see if we are going to go even higher… Even higher…
An unprecedented amount of money has been created in recent times, but lots of it has no proper home to go to. Property is risky, the bond market will blow up, rest assured, interest rates pay nothing (and will continue paying nothing into the distant future), commodities remain risky, and oil will not be going…
