Member Info for DC2007

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?

Yeah agree that the statement this morning could be quite an inflection point for anything UK related; especially has a nasty surprise or two that wasn't expected.

Reckon it's evens for 20s this time around.

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.

Maybe here is where the trickle back into the 30s begins.

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.

Err, how much did they say revenues would shrink by this year Forecaster? Close to 10% in nominal terms; so that'll be more like 20% in real terms. #StrongFinancialPosition?

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.

Where it goes next is more about macro stuff than anything specific to Boo. The business didn't improve and prospects for profit in the next two years look minimal. Only a few weeks ago, this was nearly in the 20s. Then it's caught the wave of a general rally. If that turns out to be no more than a bear-market rally, this will sink back faster than the market.

How much FY profit are Boo and Asos expecting to make again? That'd be a number in brackets. Perspective.

Thank you Muscles! Far too early to think this is the inflection point when all the markers point to bear-market rally. And not forgetting the dreadful outlook for the UK economy - where Boo takes most of its revenue - for the next two years. Not my opinion but facts from the ONS about a worse than forecast economic deterioration during August and September.

For investors in UK equities, the question is how this will be reflected, or not, in market sentiment. Just a month ago, market sentiment and economic reality were much more concordant. Over the past few weeks, they've decoupled. The question is: will that continue, or will they come to align more with reality again? I think the latter.

Things understandably turned up in the UK after Truss left. Now hints of a Ukraine detente, China mulling an end to the zero-covid policy have arrived at a similar time to bolster valuations. Then in very short order, the steroidal fillip from US inflation data and Fed positioning hit the markets and got superimposed onto the UK.

The result is the irrational exuberance of the last few days. Many posters here can't admit that and it's probably beyond them to even see it as a possibility.

Not sure who the question is for, but I can answer. Brilliant work pressing buttons unless you don't bank the ISA position - it can go down the same degree in a month too. Your son could have something more worthwhile than huffed-up hot air but it looks like greed and delusion will get in the way.

Excellent opportunity to flip a very quick profit for those that traded this well. Only need to judge when the bear rally runs out of steam. The underlying business and economic situation is unchanged - i.e. very distressed.

The markets will sink again once the madness settles and the reality of recession filters through to peoples' lives and company earnings.

Ah the MM-conspiracy theory tickles me as much as the pained Ultimate Trade analysis. You're right Jongle that these specious speculations mysteriously dry up whenever the SP climbs. Confirmation bias is a funny thing; so flaky, so flawed.

The market sentiment has briefly changed and powered an impressive bear rally. Boo gives such good trading opportunities: fifty-percent return in just a few weeks. But the underlying business and economic outlook over the same time is about the same and better times are still a long way off.

After a brief vacation to the 40s, it'll settle back in the 30s where a retest of the 30p low remains very possible.

I think it'll drop back to recent lows again. Today was not a good update and the only thing to explain the hike in the SP is relief that there was no cash call or dilution announced; and PIs buying in too thinking they're getting a bargain.

Current ratio looks a worry to me and I think that means they'll be getting a fair bit further into their debt facilities over the coming months.

It's a relief rally on the rumour of yet another government u-turn. Tomorrow, if the BoE stick to their word and stop buying gilts, all the gains made today will easily go up in smoke.