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Huge bounce this, 7% swing now
Let’s hope so!
Same average as me buddy, let’s hope it seems ridiculously cheap in a few weeks
Green? What the hell is green?
That’s true, there could be some more short term pain, we just don’t know as nobody can predict the market, if we could we all certainly wouldn’t have invested in boohoo before today!
The fact is we could see some more downside, but also, tomorrrow we could see a reversal. Key thing here is the shorts will have to close and stop depressing the price, once they do and once we have some decent sentiment, this share price could well rocket. I think most would agree based on fundamentals that a 100% rise from here certainly wouldn’t be out of the question.
I have regrets about investing too early in boohoo, getting in at 101, but my regret is that I could’ve made a lot more money waiting longer as the price is down at 88 now - I remain convinced to that this price will recover and make me a significant profit
All IMO and DYOR
Knowbodyyouknow - that’s true but similar businesses to this are equally being pummelled right now. Asos is a terrific business, everything is looking strong apart from short term covid related supply chain issues, and the same as boohoo it is plummeting.
It’s horrible to watch but once the shorters see no more value in shorting this, the turnaround will be huge and the upside is potentially massive imo.
dyor
You’re focusing solely on the share price. Look at the financials for this business over the last 5 years and tell me if it’s a business on its knees about to collapse.
Consistent growth, revenue and profits increasing every year. No debt. Money in the bank. Making acquisitions. Low cost base/no bricks and mortar…
If the share price was hidden and you could just look at a companies performance and financials, would you really be thinking your money would be gone soon?
Imo dyor
Honestly why would you be considering selling at a time like this unless you’re absolutely desperate for the money?
Looks like one final attempt at stemming the rise by the shorters… it’s gone too far down now, the game is up and they’ll have to buy the stock back very soon. When this goes up, it’ll really go!!
IMO DYOR
Max you’ve made a right moron of yourself there pal
I feel far more confident buying this stock at 90-100 right now at the peak of a short attack than I would’ve at 280 in November 2020 - the only thing that’s changed since then is some temporary hits on profits due to covid, the company remains just as strong - it recovered from that position over the next few months from a starting point almost 200% higher than todays price.
I’m not saying I think it’ll shoot back up to 300/400, but this is clearly unbelievably cheap and the shorts have played a blinder, but this isn’t a company on its knees about to go bankrupt; they’re growing; they have money in the bank, but they are making acquisitions; they are turning a profit, and they are now cheaper than they’ve been in over 5 years, by far - a 100% move to 200 could happen in a matter of weeks once this turns around, and even at 200 this will hardly be an expensive stock imo.
DYOR
Guys you need to calm down… take a look at the short position graph on the link above… look at what has happened in previous short attacks
October 2018
Short position: 0
Share price: 215
Short attack starts
Jan 5th 2019 short position maxes out at 3%
Share price by now 168, almost a 25% loss
This date represents the peak of the short interest and the low point of the stock… short interest eases after that date and the stock steadily climbs
By april 2019 the short position is at zero and the stock at 240 - more than a 40% gain in 3 months.
Next short attack in July 2020, stock price at 400+ Knocked down to 280 in november 2020 when the short attack eases. Stock price moves from 280 to 340 from November to January, almost 25% in 2 months.
Since then the short attacks have increased massively, to a point where they’re higher than ever now - but one thing is for sure, the short attack has to end, and the second it does the shorts have to buy the stock back and it’ll trigger the reversal - this stock has shown several times before, when it reverses, it reverses fast! And it’s never been this low before, and never been as heavily shorted, so the turnaround could be huge.
Days like today are difficult to stomach… but look at that shorting graph, look at what’s happened in the past, and know that patience is key - this will turn around and when it does the bounce could be enormous!
All my opinion of course, DYOR - stay strong
That’s the difference between the American market and the AIM pal.
If boohoo was on the American market the SP would probably be about 5 times higher for no apparent reason :)
Only difference is Marshall Wace has actually made some money on this
I get it Maxage we’ve all been there, we’ve taken big losses then desperately hoped the stock we sold doesn’t go up after we sell…
But deramping on the message board and pretending you’re opening short positions against a stock you were calling undervalued at more than double the price a few months ago, do you really think you’re fooling anyone?
A profit warning made your opinion change from 200 being a bargain to 94 being too expensive? Hahahahaha
One more for luck Maxage :)
Maxage
Posted in: BOO
Posts: 1,484
Price: 194.65
No Opinion
RE: Looking strong again18 Oct 2021 08:46
180 was just an absolute bargain! For the first time in my life I think I can say I finally hit the bottomish at 181 with a top up.
Fingers crossed
Undervalued at 200
Yet overvalued at 94 apparently lads
I think I can predict what’s actually happened here. Maxage has made a huge huge loss on boohoo, he tried ramping throughout the drop from 350 to 100, failed, sold and took the loss out of fear, and now he’s deramping because he cannot bear to see it rise again!! Maxage am I close?
Also max:
Maxage
Posted in: BOO
Posts: 1,484
Price: 181.25
No Opinion
RE: NO ONLINE TAX in Budget28 Oct 2021 12:02
I sold at 320, I always buy BOO when it hits around the 200 mark where I believe it’s extremely undervalued. 300 is probably the right valuation but it moves and it moves quickly either way !
Bwhahahahhhh!!!
Also max:
Maxage
Posted in: BOO
Posts: 1,484
Price: 189.65
No Opinion
RE: RNS04 Nov 2021 08:42
Could this be the catalyst to fill the gap at 270? Gotta be filled just when it is! Im predicting by December 23rd
Hahahaha
Max “I trade BOO successfully and have all the way down from 300p”
Also max:
Maxage
Posted in: BOO
Posts: 1,484
Price: 174.05
No Opinion
RE: Boo looking strong26 Nov 2021 15:51
Lockdowns in Europe getting tighter- only a matter of time before U.K. has this. 400 very easily achievable if another full U.K. lockdown which is looking very likely
Hahahahaha