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@Thunder2040 - Your very first post and first words on this board is: "You are a mug " - How appropriate...
Whilst you may pretend to be casually stating the facts, you clearly have an agenda. The number of your posts, your dramatic language useage and one sidedness gives you away...It reads like a short attack.
For someone who thinks this company is going down and anyone investing in it is a mug you have a surprising amount of interest in it. You could hardly make your intentions more obvious.
If one is a mug in your language to buy now, then what was one who bought a year ago?
How can it all be doom and gloom now, when actually the situation in the world hasn't looked this good in 12-months?
So now that we are this close to reopening economies and getting people moving again they will be left to go bankrupt?
I used to work for EZJ, I get how important the summer holidays is, but from what I see on facebook groups people are determined to go to europe this year so they might just need to take a later flight.
Millions of people are being inoculated and even though Europe has totally ****ed up vaccine procurement and been hell bent on destroying the british made vaccine's reputation and Britain along with it the EU is actually on course to get vaccinated along with the UK and US.
The EU is solely to blame for the sentiment that turned this negative so quickly, it was all looking very rosy till they started to play politics.
The stock market is forward looking, and the reality is the feature looks good, very good indeed and at least much better than at any time during the last 12-months. As for debt, every company is over their ears in debt. We can't invest in anything if we look at debt today.
Stop trying to tell us you are merely trying to alert us. You are here for yourself, you only care about yourself. You are a manipulator and let me tell you the only mug here is you for thinking you can have an affect on this SP.
@Hu11 - Takes one to see one. P.S If you don't have anything constructive to add how about you don't add anything at all? Putting others down to make yourself stand out for a few likes is a tell tale sign of insecurity.
@lvlal2k - Fair enough mate. Although I have been trying to figure out what is going on, but I can't see a reason for this flying.
I keep seeing people ramping this stock, hence I asked what is the deal ie what news do you have which I clearly don't have..From what I know results is not due for a few more weeks..So was surprised to see this flying again today.
Think I'll get out.
Good luck to you mate.
My Broker IG for whatever reason don't give me any news on this stock. I've followed it a while, read about their drilling exploits and I'm aware what they are doing. But from what I've read on here the stock went crazy on no news at all.
So was just wondering if this time any news came out.
I'll see if I can get RNS from somewhere else.
I've been down around £1500 - £1000 for more than a week. Now I am down £27 only!
I'd hate to see this go back down when I could have sold.
Have no idea why this is going up, I just put a punt on this a while back. This one is just for fun, or at least it was till I was down £2000! lol
What's the deal here? Take my money back, thank God for it and run away or hang in here??
I bought TUI, IAG, RR at the same time. And a while afterwards I bought NEX.
TUI is the worst performer, its at 1.45% up and the rest is :
Saxo ISA:
IAG: 8%
RR: 6%
IG ISA:
IAG: 4.5%
RR: 3%
NEX: 7%
Do I sell my TUI holding which is my biggest holding and pour the proceeds into the better performers especially NEX or do I stick with it? Any suggestions?
What nonsense to you talk? This is not going down because someone is out there to get IAG shareholders but because of the rising threat of inflation in the US sending bond yields higher and the hyper inflated Nasdaq tumbling.
Rising bond yields is bad for equities, investors know this and they are pulling money out of the massively overvalued Nasdaq which in turn is sending markets all around the world lower because of the sheer size and influence of the Nasdaq and US market on the world.
IAG along with other travel stocks is currently supported by market sentiment so they should stay strong as long as sentiment stays positive.
I will say though that IAG is in overbought territory and thus is more vulnerable if the market drops. IAG is heavily traded and algos do focus and use RSI as one of the buy/sell indicators. Yes RSI is a lagging indicator, but algos will still react to a stock moving in or out of overbought/oversold territory. Just something to be aware off so not to freak out. That is why I believe IAG seemed more edgy and ready to tumble further today than others because it is touching the 70 which is a sell signal. It totally normal market behaviour.
I can see it, so I'm aware of it but I will keep buying IAG if it drops a little here and there because the momentum and sentiment is with IAG at the moment and the RSI is just an indicator. It's pointless for long term investors but can explain a little dips and sudden burst here and there on the way up. Just like the momentum an sentiment is against the tech stocks at the moment.
I did the same thing. Been looking at it going up and not doing anything till this morning and then I jumped in just to see it tumble down from 3% up to doen nearly 6%...lol
..Jeez, I'm useless at this gambling malarkey...My fault...FOMO...I averaged down a lot though...
When the vaccine news came out last time Boohoo also dropped. I think it is the same thing again. Think about it, today travel stocks are flying, if you have money in Boohoo you are going to sell and jump into travel as Boohoo stands still and travel stocks are ready to double...Unfortunately the market don't care about profits i.e. a profitable company like Boohoo...
Royal Caribbean posts $1 billion quarterly loss today with no sailing in sight and is up nearly 12% already...Imagine if Boohoo was rewarded for profits...
Perhaps your title should have been 'US Market makes little sense'
That said I get you and agree with you. Probably the UK market makes more sense than the rest given the current situation.
I think Boohhoo's SP performance almost undoubtedly proofs that unless you have buy in from large institutions you will never fly. The slavery allegations even though I know it has been rejected has just tainted this company to the point that in this politcally correct society that we live large institutions who probably want to buy in cannot do so in fear of being shamed in the media and then losing clients...
Interestingly enough Boohoo's market cap is £4.2B and the company with the lowest market cap on the FTSE100 has a market cap less than Boohoo albeit only by a little i.e. £4.1B.
Whilst we all want it on Nasdaq, if we could at least get this on the FTSE100 then it should go up as we expect given that then index trackers for one will have to buy it and that should give it the oopmh it needs...
But not sure it will qualify any time soon for the FTSE as obviously market cap is not the only criteria, Nasdaq may well be the road out from here...
Wish I knew that they were at least thinking about it, surely like us they must also realise it's hit what it seems like a ceiling on Aim....I mean if the results that we've had has not been able to propel it past 400 for good then what will...
Also another interesting thing, actually it has been well above 400 once...Before the slavery allegations came out..
Which just tells you what is holding it back and where it could have been today was it not for that IMO...Allegations like that once they are made they stick with you...We live in a society that loves to shame one another and shaming is a bullying tactic. The UK in particular has a massive appetite to name and shame.
Boohoo has never been as high again as before the allegations came out...Probably because we are now driving it or at least trying to after the big boys was forced to leave or be shamed for being shareholders in Boohoo.
We should all probably accept that actually there is most likely a reason for this and perhaps we should stop wondering how come this is not flying after amazing after amazing results..
Can't believe the same thing happened again, although at least the last time it went up first...How is it possible that last time I was able to sell at 386 and now with these results that were even better it goes down...
On a day when the whole market is up and most stocks are blue and Boohoo produces amazing results and it is red...Even Next went flying up last week and at one point up 8% on their results but this goes down nearly 6% straight away.
Next have physical stores that is closed right now and may still be closed for a long time but Boohoo has nothing and goes down..
Sold £26k worth of stock now for £100 profit... Had I sold yesterday I would have pocketed a grand. Yes not much but I took a punt with money that was lying around doing nothing. I did not believe this will go down again but I got that totally wrong.
Still have another holding off £55k which I hold at a much lower price of 260.
I think this will have to move to Nasdaq for me to come back. My confidence has now taken a hit.
Hoping this may recover to 370 and then sell the rest and if not sell it anyway.
@Littletrader - What do you mean with 'No Auditor update is very fishy....'?
See below:
Dec 21 (Reuters) – Online fashion retailer Boohoo said on Monday its board had approved appointing London-based PKF Littlejohn as its auditor, replacing long-time auditor PwC as a reshuffle of its corporate governance continued.
Unless you have many millions of pounds worth of shares in Boohoo which you want to sell with one click, I can't see why you would worry about liquidity.
When one day I can afford the luxury of that worry, I'll know that I've finally made it in life...
Also, why are you even thinking of selling? Show me a more profitable company with a higher growth rate on either the AIM's or FTSE? Please, I want to invest in that one too!
Boohoo sells super cheap clothes to women to whom the most important thing in their lives is how they feel and how their shoes, clothes, children, car, friends, you, etc, etc makes them feel and it's all online so very little in fixed costs.
Yeah, if you ever wondered why women wear those silly high heels. It's not for you, me or anyone else but only because it makes them feel great even though it kills their feet.
They'll keep buying from Boohoo regardless of whatever issues this company has, in the same way men don't think twice about any ermmm opportunity that may stumble across their path however unethical...Sorry, but it's true...We're all the same..
Laidback, how about you follow your own advice which is to avoid this stock rather than tell us to avoid it? You know this makes you a hypocrite by telling us to do something you aren't?
You remind me off someone who says they are over their ex that dumped them, just to keep ****ging them off at every opportunity before finishing with I'm so over them...If you were over them or in this case this stock you wouldn't be here i.e. talk about your ex or about this stock!
You give too much of a sh** about this stock to convince me you don't give a sh** about this stock!
You want to believe this stock is done, but you are struggling to to do, so you come here and spout your thoughts in the hope to get likeminded individuals to agree with you and give you the confirmation you want so you can close this chapter.
Or you are jealous you lost out on the run up and now you want to talk it down to get your day!
So bit harsh to judge him so severely, and yes not much of a yardstick I admit. But still we all have our expertise.
Some are talkers and some are doers. Also imagine how much grief MK has had over the years from unions. Does anyone seriously expect him to glow when they mention unions to them...
It's probably strikes him more like onions than unions...
Reaney is clearly a star, but then again he did what he is being paid to do and one would expect it from someone in his position.
Some say the SP will fly tomorrow and I sure as heck hope so, but I don't see how we've learned anything today that we haven't already known.
And remember the papers will already be busy writing articles to put Boohoo down tomorrow morning, be ready tomorrow to buy when the algos sell on bad press and the heavens open up and the price drops.
Don't really know what to think of this...Hence I'll say nothing other than here is the details of the inquiry and a link to view
https://committees.parliament.uk/committee/62/environmental-audit-committee/news/137831/boohoo-chairman-to-give-evidence-as-mps-revisit-fashion-sustainability/
(Below is a copy and paste job from the link above).
Link to see live:
https://parliamentlive.tv/Event/Index/2425b417-ad43-4885-8a8e-9c47c48d2698
Purpose of the session
The session will examine what progress has been made on tackling the environmental and social impact of the fashion industry since EAC’s Fixing Fashion inquiry in 2018/19.
The first panel hears from representatives from Traidcraft Exchange, the BRC and WRAP.
The second will hear from Matthew Taylor, Director of Labour Market Enforcement, and the Deputy City Mayor at Leicester Council.
On the final panel, the Committee will be hearing from Mahmud Kamani, Boohoo Group Executive Chairman, and the company’s Responsible Sourcing and Product Operations Director.
Witnesses
Wednesday 16 December
At 2.30pm
Fiona Gooch, Senior Policy Adviser, Traidcraft Exchange
Peter Andrews, British Retail Consortium
Dr David Moon, Head of Business Collaboration, WRAP
At 3.15pm
Matthew Taylor, Director of Labour Market Enforcement;
Councillor Adam Clarke, Deputy City Mayor, Leicester Council
At 4pm
Mahmud Kamani, Boohoo Group Executive Chairman;
Andrew Reaney, Boohoo Group Responsible Sourcing and Product Operations Director
Closed all my open positions this morning out of fear of no deal....Except for Boohoo...
The downside risk was too high with the rest even if some was well up. But I don't see any downside risk with Boohoo other than the dips created by the broader market. And I'm definitely ultra risk-averse, I usually sell too quick.
I've read too much positive news (Not on this forum) on Boohoo to sell it. I also feel that I've come too far with this share to only come this far..Need and want to see out the steps they've taken to address the issues and get the reward.
Yes so far it's been treading water and that has been disappointing to say the least. Other stocks outperformed them, although they did drop back again as well. But what would have been the point to have stayed in this share for this long, only to get out now when they are getting their house in order?
There are other stocks that can double, I was in RR, CCL, IAG etc, but they are all very risky and none has the fundamentals of this stock and neither is Boohoo risky(IMO).
Yes Boohoo was very risky for sure with all the allegations, and the SP paid the price and reflects this. But equally the SP should start reflecting the fact that they've put measures in place to address it. And the fundamentals never changed throughout all of this..In fact it may have gotten better...
Anyways, as always my hat is at the ready in case I get this wrong...I usually do get it all wrong! (Disclaimer) lol
Although in my defence that is when I try and trade(gamble) which I started this year(Why, just why!?), but when I invest, it's only ever gone wrong once in 10 years...
Something to chew on over Friday afternoon tea...
Source IG
98% open positions in this market expect the price to rise
2% of IG client accounts with open positions in this market expect the price to fall
501 + IG client accounts have open positions in this market
Trading activity
Last hour: 63% Buys
Today: 57% Buys
This week: 59% Buys
This month: 68% Buys