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Uncle clueless, a Professional trader my foot lol lol.
Quite right in one respect mind - yesterdays price wont be around for long. Noted its down again and struggling currently.
Whatever happend to your continual £4.50 'prediction' ramps day after day for month after month.
I've been 35 years plus investing, 18 years professionally. This is such a no brainer price and it won't be around for long. I need to start looking to sell other stocks to scalp a few quid more here on BOO. Must admit I have a laugh at all the "advice" on here. Buy on dips , sell on the rise. Easy money.
Walkabout.
20 years in the game but by no means as talented as I’d like to be but I’ve had a whale of a time and I’m doing ok.
Truth be told, controlling fear, greed and having patience have been key. Believe me I miss time trades often but I only trade in stocks that I firmly believe in long term. So if I fudge up I know one day it will come good and my money will return. Usually in a couple of months.
I’ve got a travel stock looking for the recovery play. And a Solar company. CSIQ, in the states. Like boo I feel undervalued.
TCM
Quite simple. As per my previous posts. Either this time round, in the future or in the past. My considerations are....but not limited too.
1. Fully invested but willing to tap into other funds if the price is super cheap and I can thus cash in fairly sharpish. Hopefully.
2. Seen a better bargain elsewhere.
3. If everyone on here is ramping this to £5 next week, maybe time to get out.
4. Gut feeling.
5. Caution.
I and anyone can go on forever on why they press the button and why they don’t on any given second.
Plus when I am fully invested and cautious I’d rather be patient and see if I can chance my arm at a bargain price than pay more have to be patient waiting for it too bounce back.
Buffalo
You seem to be a very seasoned investor with truck loads of patience! I wish I had that quality.
I’d be interested to know about other companies you invest in with similar opportunities. If you’re not willing to share this information I completely understand.
Good luck with your investments
Marfthew,
The other thing that is subjective to the investor when jumping in on any given stock is how much money you have on the sidelines.
Currently fully invested. If I had say 30% of my funds to hand I would probably look for £3.10 plus if I had no where else to put my money. Im am keeping a beedy eye and if hits to levels below £3.00 I will be investing money I wouldnt normally invest as I know there would be a quick 5% to be had on the bounce of those over sold levels.
Some times, well often with online chat, its hard to illustatrate context and ones objectives/situation. It doesnt help when you throw in rampers and de-rampers who think they can hit their price targets by talking up/down a stock which just add more mud to murky waters.
Best of luck too. We are all here to make cash and improve the days we have on this planet.
Fair play Buff,
You’ve been making money elsewhere and I totally accept you’ve had a figure in mind with this and that’s your buy point.
I do the same with stocks I’m not so sure about and want to be as safe as possible. Sometimes you miss the rise when it comes, but what ever you’re comfortable with.
I’ll totally concede Boos not without it’s skeletons, and another may rear it’s head from no where and you will see the 280 or lower.
However given the money they make with it only increasing every set of results the stock at these levels is just getting cheaper and cheaper as time goes by.
Let’s see and good luck with your other stocks
Marfhew
Well played. With the exception of the last 5 months I have been doing exactly that since 2016.
I sold a little to early in December for a small profit and have stayed out since. These results have given me confidence in its ability to weather a storm but my prediction/hope is sub £2.90 to £3.00. If I get it I am not going to be smug unless someone calls me a mong in the future for not thing that this will be £10 by 2022.
If I miss it? Well I missed the last one and I am still alive with a fridge full of beer and no needs.
It would, but history tells me that it could have also gone down 3%.
Marfhew
Apologies I must have missed that. But I am referring to the the highs around updates and results. Ok it hit £3.65 but its £3.20 now and I think with no news until next results this could drift lower. It could go higher. But for me, ever looking for a bargain I would rather wait to see if I get my price.
I dont care if I miss the boat, as I am looking for decent % gains in short periods of time. I have more than 1 stock in my sights so its not an issue if you go on to make a ton of money.
Walkabout - I do not dispute the fundamentals. Its a cracking company.
But no can argue that the share price is not where it is today where alot of people thought it would be when making predictions a year ago.
My go to, The SP is £3.20, Why? Last year everyone thought it would £5-6 pound now? Why is it not?
Buff, like you I trade in and out of Boo, but unlike you I bought after the last results not far off the low and sold out at 362. I’m now in again here for an average of about 315, I’m not looking for something beginning with a 2 because I just don’t see that happening without another scandal.
I will ride this up to the 365-370 area and sell again.
However I’m very well aware one day soon this trading range will get broken to the upside and this stock will hit 4.50 before the year is done
buffalo i am interested to know if you have considered the following as well
1. the high street now is more empty buildings therefore competition has reduced. Arcadia group gone plus reduction of house of fraser outlets as well for instance.
2. online shopping is forecasted to continue to grow
3. boo has acquired debenhams and loads of brands that they will no doubt turn around very quickly and generate much more sales than current
4. with lock downs being eased, more varieties of products will be sold and items that will probably generate better returns
based on the above plus a general consensus that there will be a minimum 25% increase in turn over you still feel the price is too high presently?
What are you on about Buff. It hit 365 on the 15th of April or just 13 trading days ago. You do talk a load of cobblers
Town called Malice.
The high on this results were £3.30s. Last time was £3.60, time before £3.80s. Forgive me if I am not exact but that worries me buying at £3.20 this far from any news and economic uncertainty.
I far one thing we will have a bumper summer and warm weather permitting 2021 could be an outstanding year with many jobs for BOO market.
Also, time frames. How long before we see £3.60 again.
42 Trader - totally respect long term holders but after being a buy and hold for some 15 years I got fed up with building a nice portfolio only for occassionally to buy a stinker which would knock me back.
This last 3-4 years alone I have by trading and actually turning paper profits into money in my pocket took taken out everything I invested and then some. Making money with house money and relative to me I love. Its all disposable cash and I am actually enjoyng rather than saving for a retirement that I may never reach. Its working for me.
When I say £2.90 thats subjective to how long away from results etc. If I saw it hit £2.95 I am not gonna argue.
I agree Buffaloben that the sp has been kept down mainly because of bad press caused by working conditions. This will change in time as they implement the changes.
Why do you suggest £2.90? Why not £3 as round numbers are always harder to break? Unless you are looking at stops being taken out just below the £3 mark.
You suggest longer term £3.20 looks cheap. For 95% of investors, a winning strategy is to always hold and not to try and trade, and that would mean, not to be scared out of a trade by people on here saying the sp will drop. If investors are not experts I would always recommend holding a share you believe in over buying and selling repeatedly.
So for me, this comes down to whether I believe it is a good company to hold or not? At the moment, I see no reason to sell, but I am willing to add on drops in the sp. Boo really does remind me, in my 30 years of investing of the FANG companies (or now known as FAANG).
I'm in for a 3-5 year return so the current price is a strong buy; I aim to add on the dips, usually after any good results are announced ;-)
It takes all sorts to make a market.
We have had lower highs for the last year during "perfect trading conditions" during lockdown. Nothing else or no where else to spend your money.
ESG/Slavery with keep the funds out for a while. No big name fund wants to be linked to company that has BOO, potentially undeserved stigma. Lower lows are not impossible in my opinion. So for me this is a gamble above £2.90.
42 Trader
Good points. But the turnover growth or BOO I dont believe is the issue with the SP.
There are as many traders on here as long term holders so of course you will get conflicting strategies due to different goals .
I think £3.20 is cheap if you are happy to take the plunge and forget about it for a year. But like you say, if thats your strategy why care about daily movement or what someone who is out to make cash gains on a regular basis.
I admit my long term trades are short term trades gone wrong. Once I am in for a few months due to miss timing I dont bother watching the daily movement.
If anything this particular board reminds me not to get too greedy as so many rampers with short memory getting excited.
This board really does make me laugh. So many useless post that hide the useful ones, being positive or negative. I'm so glad LSE chat forum is my very last port of call to read up on info of a company as I really can't be bothered to read through all the posts.
I noticed a lot of posters going on about only a 25% increase expected over the next year. Isn't 25% good? Bear in mind that is on top of a 40% increase in a year where is was always going to be higher due to lockdowns.
A 40% increase yoy is really unrealistic but when you look at the money spent by BOO on acquisitions, logistics, warehouses, head office ect ect, then a 40% increase could well be achievable once again.
Go look back at the last so many results, and you will see the company being cautious in their forecast all the time.
Finally, as for predicting the share price, who gives a toss about the intra day prices (unless your a day trader)? No one knows for sure what the share price will do. There are plenty of experts within the markets and they always have different views. If anyone is silly enough to listen to numpties on here telling you the share price will be X Y or Z then fool them. You can guess at a share price by fundamental valuation or by technical charting, but at end of the day, it is still a guess, albeit an educated guess.