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a few getting a bit worried now. Glad i'm not in that club :) :) :) :) :)
The 257s, 269s and 279s looking good folks. Tomorrow is going to be good.
usually_right, high beta means it should give high return above market/benchmark but current sp (volatility-adjusted ) shows very low return situation (low beta), in fact your explanation confirms it's significantly overpriced.
hello 290.
Playing out.................
You are paying for growth. It's no different elsewhere in the online sector. However, they are high beta because of this so the slightest hiccup means a big move to the downside until the issue is corrected. It's suggested the margins will still be there, but the shares will remain volatile and certainly shouldn't be of the eggs in one basket type.
Can see this back above 300p this afternoon... people won't stop buying from BooHoo because of the Leicester situation especially as there's no proof they were even involved. Sub 300p is a Buy all day long IMO.
I don't get it from a first look without going through RNS (apart from last trading update with 45% revenue growth), how a company with less than 300m equity/25p NAV and 5p eps (may be 7p with last RNS) can have 3.5B capitalization? It seems at least 4x or 5x times overpriced.
The book, the chart and the size of today's reversal indicating onwards and upwards again very soon....
Someone deliberately showed all that volume, they could have done that as an iceberg.
Hopefully that 159k shares bid at 285 puts a floor under the downside
160k shares just loaded on bid at 285. Someone wants in
nah 280 was the biggie to build on and that's happened. This is just minor resistance. It'll breeze past it soon.
FEAR OF MISSING OUT will kick in soon enough
If we can break the 290 barrier now ... we will be blue today and watch into close ...
Notably though UR it only closed just below the 200dma. Often this leads to a sharp response back up - seen it too many times in the market. Today is a classic capitulation day though with aggressive volume and move taking it back up. Stand by this will be a blue day tomorrow....
day is not yet over a close under 283 doesnt bode well although downside momentum reducing. however a strong close at highs even if below 200dma bodes well for st movement, although the sp should be regarded in bearish terms while below 200dma on a closing basis in my view.
yeah can see it straight back above the 200 day moving average very soon.
most shorts will have covered at least some lower down. the break of 283 triggered more buying so techincally behaving well on both up and down momentum. key is now 300p 200dma. if that is cleared and moves a few pence higher, it could trigger a lot of buying to abv 310p easily. for now 283 sup 300p res
the haters just hate when the moves just keep playing out one by one :) :)
Roll on tomorrow though ....
293 just paid on AQUIS for 60k shares. The move is on....
Oxygen - totally ... at 45x earnings... yes it is. Not at x34 though.
It's a buy for the bounce minimum and i have the capitulation day. Its going up....
Well this is going beautifully from the three entries...
Bet a few others were glad they were accumulating now as well.
As I say.... FEAR OF MISSING OUT is starting to creep in with the big boys :) :) 300+ here we come.........................
Nick...that’s quite a change of heart in 24 hrs .....yesterday you wrote....
“BOO was priced for perfection, it is far from that. However you look at it, it's absurdly expensive “
At least we know you’ve bought in.......
Just wait until FOMO kicks in here :) :) :)
Main theme is that capitulation happened earlier, it's now time to be loading.
I just averaged up from my 257s and 269s with another just above 279
283 is the near term top side pivot. on a strong close for the hour it has a chance of being tested. a move abv 283 but back below on an hourly close is bearish again for 274/272. holding abv 283 targets 300p
Yes 281 looking a bit of a hurdle but no doubt at all that the positive momentum will see this overcome and upwards.