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@Pedro: "The shorters will have done extensive research before shorting,so an increase in shorts suggests they are very confident of a big drop from here."
The VW short back in 2008 was one of the biggest the UK has ever seen. Everybody got it wrong. They all got blown up... The rise in BOO could be even bigger as it's just an AIM share...
opulentia. Good luck. Micro focus results were good imo. hope it turns good for you.
oversold, taken just over£10K , can wait till the results are released, when I expect this will be back in the £2-3 range by then ,
GLALTH Super cheap , imo
Love being able to filter... so handy
The shorters will have done extensive research before shorting,so an increase in shorts suggests they are very confident of a big drop from here.It could easily go well under 150p.Depends on the news.
Canetoad.I see short term problems.....Longer term they should be fine....Are they great value at the moment?.....Not in my opinion...Are they o.k. value at 150p?....Yes...Why o.k. value at 150p ? I take into account some of the bullish points you make ,and also listen to Ragtrade,who I respect....and then look at the shorters,maybe closing positions ...it all suggests a fair bet at 150p...
@Pedro: "Not cheap...Still going to go to 150p.."
My primary concerns in situations like this is are:
a) Will they go bust? - I view that as very remote, because they are debt-free...
b) Is Revenue declining? - no
c) Will they make a loss? - no
d) Are they growing - yes
e) Are they a fair price? - yes
I have no interest whatsoever whether or not they'll bounce back to their ATH, nor do I see how that is important. Although, I think they will.
Well - the most pessimistic share price target is £1.90.
Not cheap...Still going to go to 150p..Or if you listen to some people ,lower than that.The shorters have not increased shorts lately for nothing....they think a much lower price.
time stamp : 10:25:29.
Bought more. Cheap cheap cheap.
Wow - never thought I would get another chance to buy at these levels. History says when it reverses - it does so fast. Could be wrong.
Consensus target price is now >110% above spot.
Slash that in half for a margin of safety still gives 55% upside, which is nice! Jump off early at 20% and it's still a heck of a trade.
@Pedro: "The bulls are clinging on to the very high historical rating"
Not at all. I could not care less.
I'd be worried if they were at a P/E of 40 or so, yes, but not with the current valuation. Add into the mix that they're debt-free makes me very interested at these prices. It's now just a waiting game to scoop up some great shares and ride them up.
Think you guys need to focus on the Consensus figures pencilled in for FY 22, and decide if they’re a stretch too far …..look below top line Revenue. We all know what happens when you embarrass analysts !
If you take into account the lowered profits in the interims,this share is actually still rated highly at 169p. The bulls are clinging on to the very high historical rating,but they are misguided.
@Pedro: "The bulls are getting desperate now."
Not at all. I'm a Boohoo bull with a decent sized position and am happily sitting on the sideline with lots of dry powder to deploy. I'm not a masochist though and don't tend to pour money into something that's falling.
Filtered three people on here: Pedro; kallumma and someone else.
mck, I agree, but I think that there will be new before Jan because the SP is getting to a satae where the owners won't be that impressed nor will big holders.
My best guess is that I think there will be a brief update on how well trading is going, probably next week.
I can't see another 5-6 weeks of this. (just my opinion, adyor)
@mcklondon: "You need to understand that whenever ..."
@MckLondon: Do you somehow think that the rest of us are total idiots? That we don't look at RSI and a few other indicators occasionally? Man, do you actually trade or are you just a commentator. I do ~500 trades/year on average. I've been consistently profitable for years. Boo is one of the safest investments that I hold. Any numpty can see that this is in a technical downtrend and will plan accordingly. Fewer than 1 in 1000 people (if that) will nail the exact bottom and that's not even a trading strategy. It's a pipedream.
Mcklondon.I think your assessment is correct.This looks to be going down,as you say it has broken the support level and I believe 150p is very likely.The bulls are getting desperate now.
today that is
definitely being shorted
Mclovin predicted 6p when cine was 20p..... Instead cine went to 120p......
What you will notice with the likes of Juney, pedro, mklondon etc is they all joined after May 2020.... So they all joined after boohoo had a meteoric rise from 150 to 430p......
I suspect they were bashing the share at 150 in feb/March 2020 then deleted their accounts and come back under new names after getting it completely wrong.
Mcklondon. So 170 is breached. Are you shorting to 140 now?