Posts Tagged ‘Tesco’

17:46 Move the FTSE sell order to 5410 – It seems that the trend is up today so I think it can reach this level

Rio Tinto: Sell @ 3490 Stop 3561 Target: 3250. Reason: Double top. Current price: 3400

Tesco: Buy @ 390 Stop 385 Target: 410. Reason: Pivot price and kind of support. Current price: 398.

FTSE 100: Sell @ 5400 Stop 5453 Target: 5300 Reason: Top of a trading range. Current price: 5360

All the orders are valid till the end of the day (2/8/10)

* This is not a recommendation to copy my orders!

I should put a list with all FTSE 100 ex-dividend but untill then here is Tesco:
Ex-dividend date interim 14 October 2009
Record date interim 16 October 2009
Interim dividend paid December 2009

I woke up today opened my web browser at 8:00 and saw Tesco down by 3%. I thought to my self what happened today? the FTSE 100 is up, the sun is in the sky so why the hell Tesco is down?

Then I rememebr, it is the 29/04 – Tesco’s ex-dividend date. On this day shares are going down to offest the dividend. This is the way the market works and you always need to know your share ex-dividend date!

And because I bought Tesco using spread betting for June, the dividend was already in the price, so my Tesco position didn’t go down much today.

Hi all,

Those who read my blog on a regular basis know that I have a lot of respect to Simon Griffin from Shares magazine. That’s why when he recommended to buy BAE systems I read his explantions and openned my spread betting platform and bought it for 341 (June) I put a stop loss at 315 and my target is 420.

With BAE I have 4 shares on my protfolio:

I am still a bit disappointed with Shell. But for the long run I think it is a good buy.

I’ve bought Tesco shares on Friday. As I said before I do feel that we are near the bottom and it is time to buy good companies. Tesco is one of them. Of course no one knows where the exact bottom will be. We can see the FTSE well below 3000 and it won’t be a big shock for investors. But I try to take a different direction than the market. Buy when everyone sell, sell when everyone buy.

So I buy strong company with low debts and high income. Tesco is one of them. If the share price will fall more, I will buy more. Same with the other shares I have.

Another thing that I want to do is to buy the Dow at 6000 for the long term and check it in two years time. It may be that it won’t touch the 6000 mark or the opposite, it will go down to 4000. But one has to try and calculate when is a good time to enter and I feel around 6000 is good enough for me. 10 years from now I am sure it will worth much more.