Tesco - trading what you see, not what you are told

tomorton

Legendary member
7,192 945
Tesco shares hit by weaker than expected profits
https://www.bbc.co.uk/news/business-45729221

Remember the media guff about the World Cup boosting sales, and warm weather boosting sales and a strategic alliance with Carrefour and plans for "Jack's" which is going to take on Aldi and Lidl?

Tesco's share price closed below the 50EMA in mid-August. The 50 turned downwards a week later. The 20 dropped below the 50 in early September. The FTSE100 followed a slightly more bearish trajectory and timetable. No traders should have been caught long on this share this week.
 

trendie

Legendary member
6,089 975
Tesco shares hit by weaker than expected profits
https://www.bbc.co.uk/news/business-45729221

Remember the media guff about the World Cup boosting sales, and warm weather boosting sales and a strategic alliance with Carrefour and plans for "Jack's" which is going to take on Aldi and Lidl?

Tesco's share price closed below the 50EMA in mid-August. The 50 turned downwards a week later. The 20 dropped below the 50 in early September. The FTSE100 followed a slightly more bearish trajectory and timetable. No traders should have been caught long on this share this week.
On Jul 3rd, a director exercised a large number of shares at price=256.10.
(netting £3.8M)

Today, 5 directors bought shares, 2 of whom spent over 100K each.

I have always been fascinated by the prospect of using directors dealings as a leading indicator! never got round to it. (one of those unstarted projects)

do you think directors know things we dont?

https://www.shareview.co.uk/4/Info/Portfolio/default/en/home/markets/Pages/Directors-Deals.aspx
 

tomorton

Legendary member
7,192 945
I'm not convinced. I think there is a number of reasons for a Director buying (or selling) shares, and it would be odd if their reasons were the same as mine.