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OP,
Here is a contrary view:
The lawsuit will "probably" fail because you are a class action Laywer with US experience in this field? and when you say probably do you mean 99% or 51% likelihood of failing?
Lack of future growth where maybe 10-20-% of Boo's customers may end up unemployed and the rest will have nowhere to go to show off their purchases. (Christmas has basically been cancelled in the UK and I guess other counties too) The argument that boo did well in the first lockdown (which it did) does not translate automatically to it happening again this time round.
Supply chain issues: I agree on the face of it but if it comes out that Boo did know about it but looked the other way then they may get negative fall out which may impact sales.
I don't think Boo will recover because Boo never faltered. THE sp is the issue and what others value boo at
There are no problems with boo:
The 100M US lawsuit against BOO will probably fail.
The much discussed lack of future growth prospect is a flimsy argument at best.
The ongoing supply chain issues should not be boos fault.
And the company will recover from its results day
Stay strong and don't sell. Boo can be good again!
steve, I have just about traded everything over different time frames in my life.
playing on margin is more stressfull then not and can lead to poor decision making (in hindsight), so now I only use my own funds.
I have a "system" that works presently, (nothing lasts forever).
But keys are capital preservation and always , before entering a position have an exit strategy and stick to it. No Gut feeling, no intuition, no hanging on for a couple of extra percent. Never fall in love with a stock. Always have a risk reward ratio that based on the individuals success means that you will, or should, beat the odds.
Mine is 3-1 I will risk 10p loss to expect at least a 30p gain, becuase if I do 3 trades I average 2 right and 1 wrong. If the individual has a higher failure rate then the risk reward needs to be higher, say 5-1, to compensate for the extra bad trades.
I am always amazed and indeed shocked when people buy a stock with no reasoned expectation of what profit it will make and no idea what price they would sell at if it went wrong.
@wyndrum time in the market beats timing the market. Hence the 75% loss on CFD's for individual investors.
Steve, I have no idea what caused this move. I thought the results yesterday justified at least a visit to last all time high.
hence why I have posted my thoughts on why this did not happen. As I keep saying unfortunately only one in a 1000 posts wanted to talk about that so none of us are any the wiser when this happens again.
As for volume, I don't use it as an indicator as when I have looked into it I see too many times when it gives contrary signals, plus you often hear of large trades being "off book".
I know market manipulation goes on, but my experience tells me that is when the SP is close to support/resistance level's and not 5-10% movements.
And finally if people do see this as a tree shake, or basically manipulation of the SP then you may ask yourself if its worth betting on any company in this index if its rigged?
was/is ripe for a stop run. absolutely nothing in the near term share specific to materially move it higher. nearterm underperformance stands until support reached or positive newsflow.
@wyndrum you don' think it's a little crazy that so much value got taken off the share price in such a short space of time.
Total volume today is not exactly anything to write home about.
max, I am not negative at all on Boo. I have been criticising this board and it's pointless and maybe to some damaging, forecasts, not the stock itself.
I have attempted to discuss Boo as a company but there was one taker and clearly almost no one wants to potentially learn more about how to value stocks or discuss FACTS.
Have you noticed the amount of posts regarding this as a tree shake? but only Streets mentions the possibility that there is more likely substance to this fall then simply Market manipulation. (Which for all those reading you will notice it is NEVER, NEVER, market manipulation when the stock goes up.)
That fact in itself should alert all to the dangerous bias to this (and other) BB's
Tree shake reminded me of the early Eurasia mining days, we all know what happened there.
Today’s attempted shorting and rapid bounce back just shows how strong this share is
Steve, its been the pointless, mindless crap forecasts of this board that have contributed in no small part to peoples anxiety here. It may have even contributed to some buying at much higher levels.
Don't shoot the messenger
@wyndrum try to hold in being a massive ******
I take it saif, for you to expect it to move up around 5-10% during today and tomorrow you have based that on.....?
Well it's a buying opportunity again, that's the best I can say.
wouldn't be surprised if this recovers and bounces past 370 by weekend
Traders are leaving this stock now after profit taking - nothing to see here
Someone is making money today, it isn't me.....
How will this move before US open and then what, will US buy cheap shares or panic.
Sickening compared to euphoria yesterday 7am
Ignore this sell off it doesn't matter how low it goes in the next few days BOO will recover
@ Investing101 Good point about ASOS. There should be nothing to stop them reintroducing BOO now.
Technically this is going one way and its not up.
I’m just waiting for that Asos RNS when they’re back to selling BOO clothing. It’s well overdue.
Just think about what you have to do to fill a 3% buy order of 4.54B, you want to get those shares as cheap as possible.
I think that is whats happening, or at least I hope so.
nope but can see the bounce to over 4.50 in coming weeks...
3.00? Behave