Member Info for CaneToad

Just look at the Revenue/OPerating Profit/Net Profit charts to see that it's a 'growth' stock.

If you do a comparison of Amazon (P/E: 67.6/rolling 12m) and Boohoo (P/E: 15.3/rolling 12m) in Stockopedia, Boohoo is the winner.

I've added again this morning. I now have an average of 178p. Will consider adding again at 130p-140p if it gets there, but I think it's unlikely. I suspect this will be my most profitable trade ever and am looking at a 3m-12m time frame.

I've not yet heard them use the word 'insolvency'.

FirstGroup used it in an RNS last year, but it was a huge exaggeration and they recovered. I don't (yet) see any risk of insolvency for FSJ, but I'm happy to hear any genuine counter arguments.

Maybe I'm an idiot! do your own research

@sightwatcher: "In my view we should wait to use of our dry powder until next update"

I'd usually do that, but for a company that's debt-free and profitable and with so much upside, I'm happy to deploy some more dry powder now. Not all of it, of course.

Everybody needs to make their own decision, based on their risk-tolerance. I agree, the technicals look terrible atm.

At some stage, funds will start adding significantly and/or directors will. It could move explosively once that happens.

Not worried at all here. They're debt-free and profitable. The average estimate from 24 analysts is 351.45p, which is ~120% above spot. I'll conservatively chop that to 60% and it's still a great trade.

Short-sellers are often wrong. Don't let them frighten you!

Read up about the shorting of VW if you want to see how bad it can get. It was one of the biggest losses in UK shorting history after the VW share price went 5x in one day...

I've changed my BUY order to purchase another 18,750 shares @160p for tomorrow (extra £30k). I've plenty of dry powder to add significantly more shares at 140p if that is reached, though I think it's very unlikely.

"The person hurting the most is Kamani.. he's lost half his net worth in 1 year..."

He hasn't actually lost anything...

Huge numbers of people did indeed give their shares away in March last year in both BOO and ASC and the buyers made HUGE amounts of money within 6m. NICE!

We're just about back at that level again for BOO.

"People must be handing their shares away!"

I expect it's a combination of:

(1) Triggering of stops, causing triggering of stops, causing triggering of stops,...
(2) Panic
(3) Good old short selling and algos

Added a BUY limit order for another 12.5k shares at 160p.

Will be adding more at 140p if it gets there (highly unlikely, in my view).

Very excited about this trade! Looking 6-12m down the road.

Don't count on the UK market following.
Have a read of the following FT article which outlines the problem:

https://www.ft.com/content/847b0335-7835-4b4f-9dc6-39ba944baadc

"Its quite amusing you you forgot to include the following paragraph the 2nd paragraph"

Not surprising at all. He has an agenda. Look at his post history. It's a somewhat suspicious thing to do at best, downright dishonest at worst.

I've now filtered him, as I filter all individuals like that.

@volcano: I hope you're right. But it's bouncing off oversold RSI on low volume, so I'm not getting too excited.

@JG68: "I've written off most of my stocks now until next year"
It's definitely been a grim few weeks. I'm moving to cash where I can and not adding anything new for now. The general trend seems to be down.

"Maybe sentiment would return if a clawback on Biles 500k bonus took place and reviewed in future against SP performance"

You are free to propose this for the next AGM and see how it is voted on.

Good video.
He's done a much better job than any of the 'professionals'

@Pedro: Take a look at yourself, man. Everybody needs to occasionally. Your reputation is all you have... Give some fundamental reasons why the share is poorly valued. I'm happy to hear that. Point out genuine problems. Nobody is interested in opinions. Opinions aren't an investment strategy and most are wrong. The very best short-term traders that I know, that consistently achieve >200% ROI are right 30-50% of the time. That should tell you that TA alone is almost useless...

@Pedro. You seem to enjoy posting sensational cra* that has no basis... Try to moderate yourself a bit... No sane person is saying that the trend is good, but no TA can guarantee that it's not going to bounce tomorrow.

You do NOT have to be right to make money trading. Most good traders will have a success rate of less than 50% on trades. Some of the most profitable that I know have a success rate of 33%....

It is important to note that when following your approach (a 'Hunter') it's quite dangerous unless (i) you've done a very careful study of the fundamentals and you understand the company (ii) you size the trade accordingly. You also need to have the right temperament to handle the large drawdowns and to be confident that the company will bounce back, which most don't.

"Going down, and still no were near the bottom yet"

What a pile of complete tosh.

Even the best traders/investors in the world cannot accurately predict the future moves of a stock with any reliability. It is complete nonsense. No studies of TA have shown any long-term forecasting ability. Anyone who thinks they can is a fool, because if it really worked, they'd be trading using that strategy and making millions instead of writing lame comments on public boards...

We might or might not be near the bottom. Clearly the trend is poor, but to say thet you 'predicted' it is nonsense....

@MckLondon: "You don’t sell at the bottom, even when you’re underwater, you sell at the bottom only when the company is about to go bust, don’t think it’s the case here. You don’t average down on a daily basis, you do on reversal confirmation."

Wow, do I find myself agreeing with Mr London?

In investment/trading, you are one of the following:

a) A Rabbit
b) An Assassin
c) A Hunter

A Rabbit is a losing strategy and usually sells at the bottom for no reason other than fear. We've all been there at some point!

An Assassin will kill the trade (cut his losses) at some pre-determined/fixed/immutable level, i.e. 10% below what he paid, often via a stoploss. Think Paul Tudor-Jones, William O'Neil, all day traders. most swing traders.

A Hunter will do what Mr London says. Think Warren Buffett, long-term investors.

If you want more details, read 'The Art of Execution' by Lee Freeman-Shor.