RE: Thg17 Jun 2022 18:08
Interesting comment from ADVFN board about the past 48hrs sell-off:
“ The main reason the share price was down yesterday had nothing to do with BOO or ASOS.It was a technical position, leveraged buyers who bought for the bid hoping for a bid battle, were forced sellers when their margins ran out.Most selling done!Today there's obviously still an overhang.There is no point in keep on comparing THG to BOO at the moment.There was big vol yday and again today, so I would imagine we're near the end of the selling, and mostly went into safe hands.A few steady days should bring in the buyers, when they realise that they are no longer catching a falling knife.Keep accumulatingThis is my opinion only, but why wouldn't one load up? In hindsight I should have sold at 160, but did not. I have however, added twice below 80p today having sold some other shares on the basis this will more likely get a better return. As far as I can see, its a no brainer at these levels. Once the old boys finish their games, I will end up a happy chappy!”