Liverpool & Tesco Plc revisited: a dead cat bounce?

On December 15^th, I wrote a piece on the hope I shared, as a Liverpool FC fan, with Tesco investors, the hope that we had finally hit rock bottom. Since then the fortunes of both organisations have improved dramatically; Tesco’s share price is up almost 34% to £221p and Liverpool are unbeaten in 8 games, racking up 14 out of a possible 18 points in the premier league, with 4 wins and 2 draws. As is the case with any rebound, rejuvenated expectations can run ahead of reality. Tesco investors are now basking in analyst upgrades and talk of a £275p ‘fair valuation’. Meanwhile, I am starting to believe that top 4 is a realistic possibility and that a trophy or two is there for the taking. While the Carling cup doesn’t quite have the same ring to it as the Champions League, or even the FA cup, the semi-final match tonight against Chelsea will be a serious test of whether we have actually turned the corner. The hope I share with Tesco investors now? That this isn’t just another dead cat bounce!