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Thanks Rishi, some really good points for me to take on board.
Paul - I'm invested for the long term here. What we saw with Boohoo was a rule 1 event, a disproportionate drop in SP relative to value because of a mass sell-off and media onslaught. Everyone who got in when they did got a great price for a company that has great prospects. I intend to hold. If Boohoo no longer shows great signs of growth, I'll put my money elsewhere. But I don't need that money, and that's the key to investing. I'm not a trader. And by the way, I consider anyone a trader if their time horizon is 6 months or less. Investing is what you do when you want to be rich in 5-10 years' time. Trouble is human nature leads to greed, taking profits too early and ultimately messing up the long term strategy.
Rishi I think I prefer holding long as I traded it today, selling and re-buying and it worked out that I made an extra £200 but it could’ve easily cost me that instead. If you’re holding when do you prefer to take profits? Bit by bit as it rises or have you got a target to sell the lot at some point?
Share Expert, I do recommend holding in future and not trying to day trade it. Sure, it's works... Until it doesn't, and you have to buy back in higher and actually end up with fewer shares than had you just held. Different strokes for different folks I guess.
Boo made me richer today and I got back in after day trading it and making a little more.
I’m now half in with half my funds set free for Monday if any dips or opportunities arise I shall take them but I also fully admit I should of maybe gone all in as this could open 400 plus Monday and 300’s never be seen again but I am hoping for it to drop to around 355 again at some point to give me a chance to grab another 20-30k worth. If not I can try getting in before it rockers as even buying at 400 is fine it it moves to 450-500 levels which is very possible.
As said removing slavery and based on current sales of it never happened we should be around 425-450p now so if sales are amazing and other good news it will go 500 plus quickly!
It's extremely difficult to find shares like this one. I have made a lot of money since joining the fray in June and I have to admit a lot of that was luck, as although the risk/reward was good in mid July it was still a punt following the serious allegations. When I woke up and read the rns this morn I was in no doubt that the sp was set to fly and would not have sold out today even if it went well into the 400s. Everything is pointing to excellent results on Wednesday and the only thing that's certain is we'll be saying goodbye to the 400s and hello to all time highs. Prediction at COB this time next week? £5.20.
Good post Inferno!!
1. I thought it would be same day for any negativity to be offset by good news, but this way it will be only good news.
2. Isn't that why they brought in John L though a pedigree Retailer?
3. Yeah, never hit that high. Can't buy in the Auction.
4. Not sure on a rise Monday, depends on the weekend. Odds are it, should do and plenty of Fund top up RNS's to come, and shorts closing.
5. Learnt to hold on, even with my conservative estimates. In and will be in post results even if i am £50K up. Shame its my SIPP and not ISA. lol
6. Its been a frustrating few months, but handful who have kept the faith.
7. Way too many beers tonight hahahah
So.. actually glad to say all our predictions were wrong ! A couple of observations from myself take them or leave them not emotional either way..
1. The release of this separate to the results was a master stroke. The rise has nothing to do with results factored in. The fundamental rise relates in my opinion solely to the fact that it’s been confirmed that it’s not intrinsic or known to their base operating model. All the other parts are jut noise and the media can do or say what they want this weekend but the city has heard what they needed to job done
2. Interesting section about the founder, in essence he is still behaving like a market trader and not the head of a worldwide FTSE listed company. For those who know the history of boo that observation will come as a little or no suprise. This is one of the core fundamentals that has held this company back in terms of being taken seriously for major investment.
3. To the clown who posted that he sold out at 3.95 utter bolls&£# but if it makes you feel better than good for you, no doubt you will miraculously buy in at the next lowest point and sell at the highest
4. Monday should hopefully see a rise leading into Tuesday, yes there may be a sell off prior to results but I think that would be madness to do. I may live to regret that statement but for now I’ll stand by it.
5. People getting obsessed about 4.00 and saying it’s gonna be sold off, it was 4.33 before this scandal, today that’s been put to bed. AND we haven’t had the final act yet! Let alone the encore !
6. Well done to those who held on, you have or will be rewarded for your patience and my god it’s been testing at times !!