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Doubt the shorts are done here yet. Only a pause before they increase again like ASOS. Both companies are not making a profit any time soon because of the obvious macro stuff they can do nothing about - that pretty much controls the outlook here.
Sensible post Simon. It's unlikely to please the board police but don't be put off posting if their paranoid incoherent rambles get trained on you.
They're sweating over the huge blunder they've made and are in denial about. It's expressed in angry vapid garbled rants – nothing to pay much attention to.
It's a dim investment.
It went quick from 40p to 400p then back down. When that happens, some can't handle it mentally. They try to contaminate others with their own regret and influence them for their own gain.
The smart sell. The rest hang about like an unwelcome odour before accepting and moving on.
Misconstrued data. I noted some inaccuracies in recent posts.
Volume today=5.24m
Last Fri when it hit recent high of 56p=22.1m
Weds this week, by which it lost 20% in just four trading days, volume=21.5m
What does that mean? No necessary conclusion follows such facts; only supposition.
Values given to 3 s.f. Source: Financial Times (www.ft.com) website. Stated data retrieved today, 18 Nov 2022.
Totally transparent isn't it? Boo is up and all is well. Boo is down and there's endless whingeing from the board police at how unfair the grand conspiracy all is.
These are the type who will hold on to an investment all the way down until its worthless. A little tindependent, honest thought is all it takes to not become one these sheep. It's a large flock but only capable of all bleating the same thing. Baaa-baa
Volume is low because demand is low. Simple.
If there was high demand for the stock, it wouldn't have sank 25% in a week. And if it's such a good buy at this price, it wouldn't stay there very long because there'd be a frenzy of transactions from people desperate to buy. There's no conspiracy with MMs or shorts, or Area 51.
What's the coefficient of correlation of volume wrt price for the past few months? Anyone done the numbers?
The 'dastardly MMs got it in for Boo conspiracy' again!
Probably only when the SP in going down tho. Bet there's less complaint about shorts, manipulation, suspicious Ultimate Trades, etc., when the SP rises. Emotion, not logic - it just doesn't stack up.
To your rhetorical question: neither online nor physical will do well if they're skewed to the UK because there's a recession starting. Disposable incomes are going to get very squeezed and people buy food, energy and shelter first.
It's impossible to know how bad it'll get, but If it's going to get really bad, that can't be known yet for another few months yet.
Ho-ho! Tradey's ramblings about his made up stuff are usually not even internally consistent. He flounders even more when he ventures talking about real things. Still, it could make for sufficient a glimmer of fame to get on the next 'I'm a Celeb' ...Trading4Grubs.
Bull's point is valid. Administration comes out of nowhere scarily quick in retail. Look at Joules & Made. Problems and debts pile up swiftly. It's part of the nature of fashion that it's a more fickle sub-sector of retail.
It's no good being in an echo chamber when an investment is getting choppy. Very very difficult to pick businesses with longevity in this sector.
So that means most Boo investors' losses have been trimmed a bit. Not quite the same as the making 80% you say.
The 30 year return on cash deposits is more than three times 80%. Your babbles are as clueless and incoherent as tradey's.
Quite a lot of UK retail up by a similar magnitude muscles! The point is that it's sentiment driven rather than fundamentals driven.
UK is starting a prolonged recession. A shrinking economy means shrinking earnings and increased unemployment. Couple that with a sinking housing market and repossessions; and persistent high inflation with a generational high for interest rates. All that tends to send equities down and put companies in distress.
Inevitably, some will keep drinking the kool-aid though. A similar sort to those who denied 400p+ Boo could ever drop by more than 90%.
Unusual volatility is likely to continue over the next few months. Overweight cash (or equivalents) and underweight equities is sensible positioning with such little near-term clarity.