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And I see you completely fail to provide any evidence as to why Frasers are an enforced holder who can't sell because it would send the wrong message.
Are you too thick to see that you then contradict yourself by stating that they could see a path to selling for profit. That would make them anything but an enforced holder by your own logic daytrade.
Look forward to you explaining any of the dumb statements you are making
Daytrade day and night you are on here just to stir the pot and cause friction, wasting your life and that of the others who consistently reply to you. But you just want to argue, because it gives you a cheap thrill. I think Bfd made a stand up point explaining Frasers are long and as the year/next year goes on they may well be proved right. Sadly people are willing to engage with you online, unlike your home life and I have to read you and your bum chums bull. SBC showed you got it very wrong with GLEN despite your apparent persona of the know all super investor, so your credibility as the next Lynch is very much down the pan. Warren Buffett is the Oracle of Omaha - You Daytrade are more the Clown of Kernow.
Congratulations daytrade you have hit a new level of embarrassing.
You have conveniently forgotten that it is you who first ried to predict what Frasers were doing, not me
Frasers have spent the best part of a year building a stake, they have stated their strategy will become clear. Nobody, except a fool, would suggest that this is indicative of an enforced holder.
I see you mention the 45p figure again. Another poster asked you a couple of days ago to justify why you thought this would be a good price. You couldn't do it then, I'm guessing you can't do it now.
All you can do is post angry and aggressive rants daytrade but pls do try to prove me wrong.
And still posting the product of that foetid imagination, so sad
"Let's take Frasers as a simple example. They have bought more than a fifth of the company at an average in the low to mid thirties. Nobody builds this kind of stake with an intention to sell in the short term, because they know it would be an impossibility. They have also gone on record as saying their strategy will become clear over time. So in what way are they an enforced holder daytrade? Let's have your explanation, I'm sure it will be even more embarrassing than yesterday"
Oh but they do tradey dont they. Are you tellng me that Frasers wouldnt sell if they could make a decent profit?
Never hesrd such a pile of argumentative baseless rubbish in my life.
Frasers clearly arent interested in taking this turkey over as not buying more, and have taken a stake for some reason.
Do you stupidly expect them to hold onto it forever of something?
Money talks old boy, and if, for example, the likes of Shein or uncle tom cobbly c9mes along with a decent offer, say 45p, do you not think it would be considered?
Frasers making a good few millions for a shortish hold. Of course it would.
You have absolutely no idea of frasers plans, do you? to even remotely suggest you do shows you once more to be the arrogant tradey we all know and ignore.
What a clown.
What a load of long winded garbage, why do you waste your time writing this nonsense.
The likes of Frasers, Kamani's and II's buy for the long term, so what evidence do you have that any large investor here is "an enforced holder" who "can't sell because it would give the wrong message".
Let's take Frasers as a simple example. They have bought more than a fifth of the company at an average in the low to mid thirties. Nobody builds this kind of stake with an intention to sell in the short term, because they know it would be an impossibility. They have also gone on record as saying their strategy will become clear over time. So in what way are they an enforced holder daytrade? Let's have your explanation, I'm sure it will be even more embarrassing than yesterday
The answer is absolutely none, it's just your usual abusive and argumentative rubbish.
I thought you couldn't possibly embarrass yourself more than you did yesterday, but congratulations you have managed it.
So the upshot of the rampers reasoning is its all "manipulation"
Heard this tosh more times than a certain leader apparantly stopping the boats, from the usual suspects.
There is no 'market' in this stock because nobody wants to sell any and nobody wants to buy it. Its really very simple and its surprising that all the (supposed) company 'experts' on here are still ignoring this fact, preferring half baked conspiracy theories instead.
Presumably the likes of Umar, Kamani, Fraser etc, who collectively hold a big chunk, are sitting still and wont sell as it sends the wrong message. a sell will clearly erode yet more confidence in this turkey and lets be honest there is none left after its 92% sp plunge, deluge of poor pr, bubble popping and multiple scandals. The stock market 'darling' BOo is no more.
So a significant amount of stock is held in the hands of 'enforced holders'. Then there are all the Pi's and other corporates that hold stock. They are, likely, sitting on large losses - like the deluded 'manipulation calling' rampers on here, so reluctant to sell out and recieve just the remaining crumbs of their investment back. They are, with exception of the desparate £50k top up queen on here, also reluctant to sink more capital into the same prospectless money sapping hole (and who would blame them) as they, in the main, dont see this situation that BOo finds itself in recovering to anything like the heady days, so rightly dont want to bung in more cash. There are clearly far far better prospects elsewhere - even safe bank accounts.
So, a significant amount of major investors cannot sell as it will crater the price further, and they also dont seem will8ng to buy any more either. And the further set of lower holding investors dont want to sell, at possibly a huge financial loss, so prefer the 'sh17 or bust' hold in hope view and wont commit more capital either.
Perfect storm thats completely destroyed any confidence in this as an investment moving forwards - the BOd screwed up with all the long continuing months of total radio silence and missed the oppo to change the ships course.
Looking forward to the 8th, hopefully they will reveal whats been spent of the RCF, but if those figures are viewed as poor then this be in trouble.
I'm not sure what all the fuss is about! BOO is currently moving sideways (consolidating) with an approximate swing high to low of 6.0% & price has been moving within a short term range since 16th April. This is normal (review the MNG chart & you'll see MNG price has been in a range since 17th April). A catalyst (news event) will no doubt move price one way or the other & in the meantime the range will be traded.
The Weekly chart shows that BOO has been in a range of sorts since June 2023 & price has tried to move out of the range on two occasions without success. The Weekly chart indicates the 33 level is being heavily defended & has been since September 2022.
Hexam your hypothesis only holds true if margin volume is the market makers sole potential source of income from an equity.
By and large it isn't
Still have LTH Hexam as well as day trade. As long as we all end up with cash in the bank our routes can be different.
The role of a MM is to make a market be it up oŕ down thats what doesn't appear to be happening at the moment. But on this happy to agree to differ. Next week hopefully will move this somewhat.
Spk - Fair enough, I can see how a day-trader looks at other things unrelated to the business itself (as that then becomes largely irrelevant of course) but I’m not one. I’m basically a LTH though that includes swing trading within that.
On why MMs are stifling trade I guess that’s where we differ as my starting point is that they are NOT stifling trade - it kills their own revenue. In my view it is simply a stock at the moment that there is not a lot of interest in and MMs seem pretty powerless to create it when it just doesn’t exist. They could of course try by increasing or decreasing stock sharply in price but the big risk for them is that they either end up with too much unwanted stock themselves (if go high) which they then have to sell at a loss or it dries up trade even further (if they go low) as no-one is willing to sell to them at such low prices - as you can tell, I’m not a great believer in the ‘tree-shake’ theory.
Hexam in that case you must be just about the only trader who doesn't look at range and volume.
Most traders, and Aim is massively skewed to traders, have a window of a few days or weeks at most.
I don't trade here, I trade where there is far more volatility, and there are many such stocks
Sounds riveting SCB, I'll swerve that one.
I day trade this (along with other stocks) have done for months Hexam. Yes averaged down similar to yourself to a good position so know the usual day high/low range. To a day trader volume is important so i do look at that. Why MM are styfling trade I don't know but that's what, on the surface, appears to be happening.
interesting book... sounds like it was written by a certain person here and the person reviewing it hits the nail on the head describing our buddy here.....
i'm still of the opinion he has been absolutely battered here and projects it onto other people here to try and feel better... sad but true.... hopefully he makes "a cool one million"...
https://www.goodreads.com/en/book/show/1561703
without a doubt one of the worst books i have ever read. the narrator is a pretentious ******* with zero redeeming qualities. the whole "story" is 95% him complaining about how horrible his life is while the other 5% is how horrible he was treated by the girl he loves (and by love i mean obsesses over, thinks about hurting her, and then condemns her for doing the same thing to him that he's done to countless women before with very little remorse). comparing this book to catcher in the rye and lolita is insulting to both of those books. i'm worried about the impressionable young adults who will pick up this book and think that this is a story of love and redemption. spoiler alert: it isn't
“There's no market being created Hexam that's the point.”
Why are they shooting themselves in the foot? It would be like BOOHOO stopping all marketing spend or doing anything else knowingly and deliberately to reduce sales (unless for the benefit of profitability such as small price increases perhaps or charging for returns).
I buy shares on whether I think they present value based on the quality and/or potential of the business versus its current price - not some psychobabble about what MMs may or may not be up to. So if (big if) they are playing such games then I wouldn’t be fooled by them and in it fact it would increase my chances of buying as it moves more into what I consider bargain territory.
It seems then that you are not one of the ones averaging down/topping up at these low prices. Oddly enough - I was :-)
I also never, ever look at volume. Irrelevant as far as I’m concerned other than to show relative interest or apathy in a stock. If there is any news/rumour of news then interest will rise sharply and so will volumes - regardless of that being good news (which will drive the price up) or bad news (which will drive the price down).
Why MMs would hold a price down anyway to kill volume seems strange to me as volume is mainly what drives their income.
Same MO light volume during the day then a sprint to 34p at the bell then a 1-2% drop in the UT where the auction starts at 34+ and ends up mid 33s….Paul Daniels could do what these jokers do!
"Or buying - despite the low price."
There's no market being created Hexam that's the point.
Bob on Bfd. Bit like stalemate.
Hexam if you saw a share being held in a tight range, with a slight down trend and you looked at the price action and volume, would you buy if you were a trader?
I certainly wouldn't
SPK the volume of shares traded here has never been so low as in the past couple of months. Current volumes are less than half what they were last year on average and we have probably seen four of the five lowest volume days ever in the last couple of months. I've not checked, but today could well be a new record low.
There is plenty of evidence that the volume goes up significantly when the sp does and there is no market now at these levels. Yet the MMs continue to do the same thing day after day.
There is only one reason I can think of why they do it and it's certainly not to create a market
Or buying - despite the low price.
"Wow 1.2m shares traded in trading hours and then a half million UT, it is beyond stupid"
Bfd that equates to circa 0.11% of the issued shares traded that's phenomenally low. MMs are keeping this under 34p for a reason yet no one is selling?
"If boohoo don't report an improvement in this same period then I'm afraid John Lyttles employment has reached the end of the road...."
Not sounding to confident about the likely prospects then. Penny dropping?
Although i do think your posts A bit harsh there boasty about poor John, i didnt realise you had the power to control his employment?
So desperate for the last word.... Explains the 4am posts.
Be better if people stuck to talking about boohoo rather than trips to the fake District.