Do I take it that many poster's don't understand trading and simply buy and then hold, praying that one day it will come good? I am shocked by the comments I have received and infact , has caused me to laugh. I do hope for those that this applies to, that ignorance, is infact, bliss. What an enlightening hour! LOL!!!
Voltaire - I've shorted Boo for a few years now, and am what is known as a chartist. With the spread being so wide, I regularly day trade this stock, too. As usual I have my stop and limit orders set in place as no one can see into the future!
What a charming fool. I used to earn my living as a professional trader: I feel I know what i'm doing.Boohoo is a shorters dream and I entered into that a few weeks ago and will probably hold as there is plenty of scope to drop further. Thank you.
emil11 I have set order to buy back at 6.50 which give me over 18% return which will be a good return on a CFD. Equally, I bail out at 7.80 and move on. My background is short term indices trading and CFD trading, holding positions for 1 to 7 days. Now that I've retired from front line trading, this represents my 'bread and butter'.
Jambon - Are you normally so rude and ignorant, or have I caught you on a bad day? This is chat room inviting comment, which in turn, should be respected, ias all comments are valid if a poster thinks, so. Why do you disagree?
Why haven't the market makers traded the stock, today? The charts certainly point to a sell off. I am shorting this from 8 and feel it will drop further. I only hold short positions and move on to my next stock. I hope that all investor's here, are able to profit.
Yesterday's lower high signals a drop in price. If it drops below the last low then it will continue to drop. Even though the stochastic is positive this will, I feel, drop below 20% again. In my opinion, now is not a good time to invest.