Friday, January 13, 2012

Tesco

The big news yesterday was the sharp drop in the share price in Tesco, the UK's biggest retailer, following their disappointing trading update. Just out of interest, if you had been trading this stock, my system gave an exit signal the day prior to the news release. The previous buy signal was also highly dubious, as the price immediately reversed after hitting a new high, and if you have read and understood the system as described in my e-book, you should not have taken the trade anyway.

As for the new longer term system, this actually gave a short signal in mid July last year, and was still in the trade despite meandering in the intervening period.

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