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Who was that expert who said BOo was only worth 30p, have you stopped following them?
No and they might be right yet. A punt is a punt thought and we have had some big rallies in a few stocks this month. BOO bought into one!
Muscles.....so long as they sold! Judging by a lot of comments, plenty have watched this drop from 250p to 55p.
Still got the idiot rampers on here I see. As I said earlier I am buying back in for a punt and below 56 pence looks good.
But the REALITY is that Boo has crashed and lost a lot of PI's a lot of money. In fact few have EVER made money on boo...unless they timed selling the stock well. The silent shorts have cleaned up big time. Most pi's would now PAY to never have heard of this poxy company.
A punt is a punt and a rally to 80p would net a handy 50% but kindly forget the hype.
The must have plenty of money with the amount of revolution Beauty shares they have purchased.
Boo caterers for the affordable clothing side so I think they will do better when times are hard because people will go cheap and online
52 Week High 289.00
52 Week High Date 20-Aug-2021
52 Week Low 51.42
52 Week Low Date 05-Jul-2022
Alex the vw one was great.... Simply not enough stock available for all shorts to close....
Muscles12 - most investors on Game Stop were using the Robinhood app, where you can buy the stock cheaply. The reason that their model worked is because they were selling order flow to Citadel Securities, owned by Ken Griffen. The biggest victim of the meme short squeeze was Melvin Capital. Both Ken Griffen of Citadel and Steven Cohen injected $3bn into Melvin Capital to prop it up. At the same time Robinhood banned any user from buying Game Stop, only allowing them to sell. It's okay for hedge funds to game the system, but not the small investor?
The most amusing short squeeze was Volkswagen in Germany, who were being shorted heavily by hedge funds. At the same time Porsche had built up an undeclared stake, secretly hoovering up the float. When the news became public there was no stock available to buy back, and the bid price shot up so high that for a short period of time Volkswagen became the most valuable company in the world by market cap. At the time the declaration rules were very different in Germany. Hedge funds got crushed.
The were shorting at 4 dollars... Its 40 dollars.. Do the maths... They're not winning... I make that a 1000 percent loss
"BIG BOYS MAKE MONEY BOTH WAYS".... Ask the big boys about gamestop when they went crying to the SEC to try an holt trading as they were getting scorched... Not just by 70 or 80 percent but 2000 or 3000 percent and more....
No but it is to do with sentiment around this sector - I don't think you can discount that? The UK is the worst out of the G7 and Boo's biggest market is UK hence the proportionate fall.
This is the new normal - I can't see this getting past 80p for at least a year. A big update showing that the company is moving in the right direction is required.
People have just had enough and investors don't want to be on a sinking ship - that is why IR is important to reassure investors (something they haven't done).
Missguided or boo, its like comparing which dog has the most fleas. As to obtaining a credit facility, cash was flowing without end to anyone who asked. I would however like to see the terms in these days of rampant inflation and rapidly increasing credit costs.....boo flew on the dream of soaring turnover and matching profit. It never came to pass and now has fallen to earth, personally i dont see it surviving but thats for the future, hopefully thete are a few more trades to be had. After spending two years trading BP, its a novelty here and fun.
Sadly boo suffers from a failed business model...near first mover advantage and ever increasing turnover was supposed to lead to a profit bonanza...sadly the model didnt work and costs plus ever increasing competition has demolished the sp . The issue now is if survival is possible or heading into a nasty recession will they simply fail. Future may be glum but still trades to be had, was looking at 53p or near for a bounce but then they stupidly frittered much needed cash on another busted business....still, even the biggest dog has a few moments in the sun. On shorting, a large position is built on the assumption a company is going bustand boo is a leader of the pack.
Very sensible post Alex and alot of sense imv from what I read
Cheers
I think it’s pointless currently to look at the declared short interest, and infer anything from small % moves up or down. There could be much more shorting activity being undertaken below the disclosure level. It looks like a rinse and repeat strategy … borrow, generate headlines in the press, short … buy back then repeat the process at a lower level. A gradual grind downwards. Given the prevalence of naked shorting in the US, where phantom shares are sold, I wouldn’t be surprised if the same is happening in the UK. Does any authority actually monitor for such activity? It’s a manipulation designed to push private investors to capitulation.
The economic headlines are poor and there’s no sign of green shoots, although I’m sure they’ll come eventually. So no reason for any shorting organisation to pull up the draw bridge. Would be fun to see some “meme” stock activity amongst Boo/THG and ASOS … but don’t think that’s likely.
T4G - interested know your thoughts on this;
How does the share price fall from 72p to 56p if the short percentages have remained constant.
Surely its PIs having enough and exiting? I doubt algos selling 100 shares at a time can drive the share price that much - markets can not be so inefficient to allow that?
Surely it has to be inflation/ cost of living and doubts over future profitability which drive down the value of the share?