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Latest out which looks like it has given Boo and boost today.

Analysts at broker Peel Hunt said: “Our sense is that both ASOS and Boohoo will continue to benefit from the step-up in actives over lockdown and an acceleration in digital trends across the market, with both offering upgrade potential over peak.”

The Zalando update comes ahead of final results for ASOS due next Wednesday.

Agree. Looks like we might see a steady climb from here today.

Agree. Will be doing the same.

Everybody has put their money on Rolls Royce this week for 100% gains and not bothered about Boo Hoo. Big gains have been and gone here and now just modest gains to be made in the future. Plus all the naff news is putting people off that I talk. Sadly people just want money and big gains today rather than long term investments.

Sometimes worth looking at the Rothschilds method of investing when it comes to stocks. I understand they have a policy of selling a stock when it falls by 10%. That way you only ever lose a maximum of 10% of any gains and never see any big losses.

Well this has bounced over 40% which is amazing for RR. Can see further gains after initial pull back tomorrow but a good long term hold from here now. Looks like Amazon has some good results which was obvious.

Dow, S&P plunge as Trump ends stimulus talks. Hold on to your hats and glasses tomorrow folks. Could be fireworks.

Indeed. Boo just looks to be totally overvalued at the moment which is what I suspect is the main reason for the correction.

Both Boo and Asos making downward movements at the open today. Not sure if something out there that has caused this bit of a correction. Possibly the future is just not certain for these bods.

Interesting stats. Been looking at investing here. When is the next set of results due out?

Indeed. One of my favourite buys at the moment along with ITM. Long term hold this one.

That’s because they had dodgy working practices. Its all out in the open now and no going back to those days. All things must change.

The big question for boo is can they maintain this level of profit margins if they now have to change their working practices. Big questions are also bound to arise about the company’s practices after today’s report of such a jump in profit margins which no other firms even the likes of asos can achieve.

I have decided to go short here too. Had its day and rise last week. Glad I put some money way on 888 before its results today.

The key bit to today’s announcement is

Boohoo Group PLC (LON:BOO) raised full-year revenue and margin forecasts but continues to plan for a period of economic uncertainty.

Share prices tend to be based on future outlook which is uncertain.

Looks like it is going to fall. Broker target 350! plus expecting some form of penalties arising for boo.

I bought both asos and boo on the March the drops. Asos has 5 bagged but boo has so far only doubled. Asos was the better pick at that time. I could never work out why boos profit margins were twice that of asos but it is all obvious now. Let’s hope boo give some of their nice profits back to those underpaid workers. I am out of this once we hit the highs today and I suspect a lot of others will be as well.

Asos on its way down. Lots of sells going through. Can see this going down this pm so hold on to your hats and glasses folks.

Perhaps below 350 with a few bounces along the way today. Managed a quick in and out at 365 to 385 and that’s me done for the week.

Big boom but gradual decline to finish at around 350.