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Can’t wait for next week. Have topped up in anticipation of a couple of big jumps. First jump prior to results and second jump on publication of results. That’s what happened last time. Like most on here I’m expecting a cracking set of figures.
Happy for sideways day today.
Not losing when the markets in a general down day can be just as important as winning on results day.
To be fair standing still today is actually a good day's work for a share.
ASOS down almost 2.5%, FTSE100 down almost 2% Aim down almost 1%
Do you reckon if I send them some short shorts with a note, they will get the gist?
https://www.boohooman.com/basic-short-length-jersey-short/MZZ28587-105-37.html
C’mon Boo just need 750p to sort out my whole Portfolio ??
Steve...GGP share price also doing unexpected things... down almost 20%!
@saint-tropez there is only 3 more sessions left after today, so it bloody better.
@Dipsy I was doing some research on mining stocks last night and their share price cycles. Realised I had broken one of my cardinal rules and was buying after speculation had occurred. Miners seem to go through cycles of speculation and then the reality of time kicks in on how long it is going to take to get the ore out of the ground. Am happy to stick money into GGP, but need to do it in my main account, where I can sit on it for two years.
Gold spot price is doing unexpected things at the moment and is very heavily tied to the dollar. TBH not an area that I have a firm grasp of, so need to take a longer view to iron out the spikes.
It has held above the 317p support base, its next leg up is 355p and from there 450p.
Steve i'm absolutely with you and topped up this morning on the dip to make boohoo my largest holding. If results are as good as I expect then I will slice this time next week but I think we could be in for an exciting rise. The months between March and May were a difficult time for a number of reasons... supply chain issues due to lockdowns and a general dark cloud over society due to the pandemic- not the climate in which to go clothes shopping ... and STILL we saw a huge rise in revenue.
I think these next set of figures could be astronomical.
Just do it!
Steve, thanks for replying. It’s scaring me too!
I am also in Boohoo and would like to add. So looking to sell/reduce one of my other holdings, one of which is GGP.
@Dipsy yeah, it was in my CFD account and was scaring the hell out of me.
Will go into it once I take some earnings off of Boohoo post results, as can take a longer term view in my share dealing account.
I can see three cases for most stocks when results are coming,
1. Speculation outstrips actuality, priced in prior to results published. price goes down. (Tesla)
2. Actuality better than results, rerate occurs, price goes up. (Royal Mail)
3. Results assumed, already price in. No change in price, as it is already there. (Amazon)
From my perspective,
- We definitely aren't in 1, based on where the SP has been and the speculative growth that there should be.
- 3 just can't be true to me, based on what the SP was previously
- I have to assume we are living in world 2, with the added complexity of ESG holding it down.
350p just does not seem realistic to me if the ESG stuff is mitigated and the brokers have any idea what they are talking about.
Hi Steve,
Nothing wrong with opinions or being wrong etc, I'd be happy to be totally wrong and your predictions to be spot on haha!
Different views and opinions is what makes the markets go up and down of course.
Looking forward to what the next 7 days hold for us all
Steve...do you mind me asking? Have you sold out of GGP?
Also just repositioned at a loss (GGP looking at you) and added an extra 10k of shares.
Waiting for the rerate today to 335p based on the chancellors statement. 340p by the end of the week and 350p before results. 15% on results to 402p. Just my assumptions, but you can hold me to it if you want.
Brass,
I'd love to see 400p, I'm not sure in the current markets its achievable for now though. My target is in the 365p region. If price pushes there after results day, a gain of about 15%, I think I'd be inclined to sell purely because of my own trading strategy and nothing to do with where I think boohoo will go long term.
I see this stock about 500-550p in the next year to 18 months but I have my own strategies and stick to them, It has cost me extra returns in the past but hey that's the name of the game sometimes.
Will be interesting to see what happens today and tomorrow. They aren't the days for glory and results but they're massive in the context of share price staying relatively stable in order to assist going forward. A 15% jump next week will be nothing to shout about next week if a general downtrend wiped it out the week before.
Let's wait and see, hope its a good one for all involved.
Good post 44T...you don't say what your views are once results are announced? Or what you see as an exit price post results if you aren't a long term investor? Id be interested in your views Thanks
Hi folks,
Have been following the forum for a few days as I'm invested in boohoo and thought I'd add my 2 cence to the discussion which has been a lot more informing than some other sites I've seen.
I think boohoo is an excellent share, if a little unpredictable at times but I think that's the nature of the world at the moment rather than a stock issue. It has gained well since it bottomed out, I personally think its stuck in a pricing zone just now though. £3.20 was formidable and I know we've pushed back down into that range just now but it seems to be holding well at that support level, I'm glad it's showing as much support as it did resistance on the uptrend as so many stocks are getting wiped in the corrective faze.
3.35 seems the next logical barrier for me, folk have said 3.50 and above but if you look at January/February this year, it really struggled around that mark. I'm glad we had a test of those waters earlier in the week, it makes for good regions into results week and in an ideal world it would push towards that by close on Tuesday, but I think it will be around 3.25 when results are inbound.
About the results, I think they'll be blow away insane. Not in a arrogant or 'I'm in it so it will win' type of prediction. Other companies have done well online during lock down, there's indication from management of confidence by acquiring other brands at good prices and online sales have increased massively. Companies like amazon have had issues with suppliers RE wages and working conditions previously and managed to rebound easy with little to no long term damage.
Most importantly however, look at what consumers are doing. Social media indicators for boohoo are insane, they're well advertised in the age range they predominantly target and offer great prices. The younger generation certainly head to boohoo during online buys and I see this as a massive opportunity to get in at a good price for the next few years.
Sorry for the long post. Cheers for keeping me entertained recently with your informant posts.