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@wiseabout
That's an amazing put option
I bought at 4 quid and sold at 2.30, beat that!
I bought in at 22P and for the last few years I have not bothered about the ups and downs - just let it ride. plan to get out about £10 when I hopefully retire in 2030.
GreenandRed - great contribution for your first post.
I bought 360,000 Boohoo shares in 2015 for £100,000. I bought them in my ISA. I had the money already in my ISA to buy them. I have held them ever since. I've watched them go up and down. When they've gone down, they've always come back higher and stronger. I'm not interested in trading, been there, got the t shirt and found out the only way to make the big money is to find great growth shares like Boohoo, buy them and hold them for 10 years plus. Boohoo is the only real great growth share on the UK markets. I will be holding them for at least another 10 years and probably longer. Warren Buffett, the share billionaire , said never buy a share that you wouldn't hold for 10 years.
Buy Boohoo up to £3.85 for a fantastic bargain. Boohoo share price will be £8 to £10 in two years and at least £36 in 10 years.
Don't ever let the buy price lock you in - it's a huge psychological trap.
Sell a portion of your shares on down trends. Winning is not about share price only, but also share volume, i.e., 1000 shares at 380 = c.1085 shares @ 350
Green and Red.
Agreed, I've miss timed many times but it's always come good in the end. I'm just gutted I'm more invested than I would like to be so might miss this current ride.
But there will be others.
@Kitty
Good observation and I also share the same feeling that this is a short and distort game. However, do try and assess the situation with an open mind to understand what else could cause the swing.
Personally, I feel this company is being disproportionately targeted by the media and by shorters. I feel that they do have underlying racist vibes as well - brown founder/owner = untrustworthy and dodgey company.
It is interesting that people are asking Kamani to step down and the media seem to have an unhealthy obsession with not only his Business, but his personal life and those of his family.
I for one, invest in his entrepreneurship and track record in business.
@Buffaloben
Exactly what I've been doing, play the swings. However, you could easily get caught out.
I've been selling 25% of my holdings and accumulating more on the downswings. Have picked up an additional 1790 shares since this morning. Holding 75% in the bank allows me to hedge for a huge upward swing.
People need to also realise that the number of shares floating in the market is small compared to similar shares of the same cap size. The volumes traded up and down are small on average and do not always represent a true market equilibrium.
see article for more information: https://simplywall.st/news/what-percentage-of-boohoo-group-plc-lonboo-shares-do-insiders-own/
Unless you need the money short term - just let it roll as every single fundamental supports growth here. This is certainly one of the better investments in the UK, albeit manipulated to spook day traders & short term personal investors. The long term Funds will be holding for gold while the impatient sell off. Patience.
I keep saying and keep doing and keep making money.
Sell when its priced for perfection because it always dips from it's high. It's never gone up in a straight line. Why would it now?
Never heard the say buy the rumour sell the fact.
Been a side-line reader of many posts here.
I've been burnt like many with the disappointing direction of the BOOHOO share price on the announcement of a record breaking H1 earnings.
I'm not a conspiracy theorists, but short and distort is common, albeit illegal, practice in the small cap and AIM markets.
The fundamentals of this firm is good, bullet proof cashflow, and a growing consumer base. Their overseas operations in the US is a brilliant indicator of their potential in capturing one of the biggest consumer markets in the world.
The fears of a reduction in profits due to their commitments stemming from the Leister Scandle is well founded, but I find the impact to be disproportionate to the overall Business, i.e., impact will be based on the clothes manufactured in Leiscter and sold in the UK only.
The value of Boohoo is not only it;s online presence/brand, but it's operating model, which can be repeated in other geographies, i.e., Mexico and the US.
I for one will be holding - this is a good, growing, and profitable Business - the markets will catch up soon enough.