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Completely agree. Everyone is getting hung up on one investor selling SOME (not all) of their holdings. We seem to be forgetting that the rest are holding, if not increasing theirs. Majority of brokers have us as a BUY with very strong SP expectations. The press have had a field day but this won’t last
More buys than sells, investigations so far have resulted in nothing, turnover for Q2 is likely to be huge with no downturn expected, high street demise only contributes to BooHoo success, yes we will have our highs and lows but this was over £4 2 weeks ago and it will return to those levels once this blows over IMO
# Trades 26,043
Vol. Sold 16,523,059
Sold Value £38m
Vol. Bought 18,147,297
Bought Value £42m
The fact we had more buys today than sells tells a very positive story. Once this situation blows over, the buys will outstrip the sells significantly
Buys are about to tip the balance having lagged behind all day. Explains why the SP has stagnated all day since the initial drop. Should start to climb now considering the only news coming out is old. Remember, Q2 results to be published and this was all before recent news so results should be very very good. That said, I honestly don’t think the past 2 weeks news will materially impact results
New press over the weekend. If there were more supposed issues, these would have been reported on over the past week. This possibly shows, the papers jumped without full investigation (who would have thought?). So damaging but, the proper recovery starts tomorrow IMO
Some cracking sized buys as well. I Considered selling today I’ll be honest but held firm and I could t be happier, yes a few bumps in the road ahead but this one is only going in 1 direction and that’s up