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The first thing to learn is never dismiss derampers and shorters. They provide valuable balancing details about a share. I am neither a ramper or deramper. Learnt a lot from shorters of IqE, Carillion, Sirius shares. Of course everybody wants to earn money. At the end of the day, make decisions rationally and not with emotions. Best of luck
TigerByTheTail, anything is possible if it's not impossible, but replying to a very inexperienced investor being all helpful over stop losses to get your (obviously short) angle of this share going to zero is quite ironic when you are trying to make out Boohoos morals are so bad it will be terminal.
Cheap, value companies do well in recessions - McDonalds boomed during GFC.
Tiger, that’s a fairly bleak scenario you paint. Agree the PE looked excessive but that’s not unusual for a growth stock . Whilst BOO currently digest their current problems a more realistic setting will
likely be settled upon. The March lows below 150p is a worrying ‘target’ here. One has to ask what has changed since then to drive up sentiment , given we now have an economic disaster on our hands with unemployment ballooning and an unknown tax burden to land somewhere. If that all gets computed into BOO’s share price, then all bets are off, albeit I don’t see an ultimate failing unless an unexpected development occurs here.
When has selling cheap disposable carp to kids not made huge money? And most of them kids don't give a sh.te about the supply chain or the modern slavery act. If they don't care about the ethics of unnecessary waste created by their shopping habits, they don't care about the conditions of factory workers.
Yeah i always knew SL’s are playing a major factor .
Also the nature of human behaviour, watching a stock slump has a domino effect . I cashed out on boohoo 2 years ago and fancied a flutter with a couple k the other day . Could have easily pulled out bu the following morning £800 up but know its going to be a bumpy ride and fancied cashing out when it hits the 3.80 - £4 mark .
Not going to lie , im nervy now but its part of the gamble . Also sept announcements are not long away - just saw PLT have started their sale . I really cant see this News stopping sales , all the melenials love an instagram photo shoot with their new bargain purchases ??
The lovely people on this forum have kindly explained :) If you are long term then don't worry about stop losses UNLESS you really don't want to deal with the worry of losing x amount. Long term this has all the potential of growing but it's down to your proactive research and keeping an eye on the news etc. Main thing is, if you can't afford to lose it, don't invest it. GL dude
Hi Failed Banker!
The risk you are taking y not using a stop loss is that the share price just keeps on going down as the nasty revelations keep on coming, advertisers run away scared, and consumers boycott the tainted brands.
Remember, this company was trading at a very high P/E (i.e. IMO was wildly overvalued) before this all began. So it has a long way to fall just to get back to a "normal" valuation.
I think sub 100p is a real possibility. My instinct (and a fair amount of local knowledge) says that a complete collapse to zero is possible.
Failedbanker - you're correct. A stop loss is where you set a future date/time and a sell price (e.g. 200p). If that price is reached, the stop loss triggers and the shares are automatically sold. You will lose your shares but avoid (or it 'stops') even worse potential losses. Problem is if they then bounce up you haven't got any shares. Don't panic , BOO always come good in the end.
Stop losses are more for day/swing traders. If you're investing and thinking long term, a SL is actually harmful, as the MMs often try and swing price to take out peoples' SL (known as stealing their shares). You're best off with a plan and a mental note of what you will do if price hits a certain point - HODL is a perfectly valid long term strategy (Bagholding).
You would lose money Failedbanker but you would still have the shares so you wait until the price goes back up, hopefully soon once all this rubbish is over
I’m in the long game and as your @ name suggests I am new. My first trade. A stop loss would just mean I lose my money at a certain point right?
Are you trying to day trade or more into long term? Do you know how stop losses work? :)
Thank you Doug it’s just that if as some people are saying it will hit 120 won’t I lose all my shares?
200p @ 11 a.m. and then bouncing all over the place .............
130-180 should be as low as these get. below 130 one should only expect if it risks no longer being a going concern. we are far from that. but over reactions happen to the up and downside, so one should be prepared in case of 130-180.
Will hopefully be Kamani resigning as Exec. Chairman who as co founder & 12% owner doesn’t inspire confidence in its Corporate Governance. BOO need an Independent Chair and it seems fairly quickly to gain the City’s confidence back.
If you paid 280 you'll be fine. Just stop looking at daily moves, go away for a month or two, come back then and you'll see that you'll have a nice profit.
Who else believes it’ll dive this low? I’m in at 2.80 with 5K in. First trade ever and I’m shaking lol
below 210 sup its 177-185. res by 247. while below there its lower
September results will be mindblowing. in a positive way.
180/200 feels like the bottom now..
Good to keep some funds aside as this doesn’t feel like the bottom ! Hope I’m wrong.
Saw 206 earlier
I guess some ESG funds have to sell out.