RE: Great opportunity with almost 20% Upside!!29 Oct 2021 10:50
Despite some comments on here about being way oversold - it's been sold for a reason. This will never see the £60's high again. Big funds are under pressure to show some real green credentials, and 'fast fashion' (AKA 'throw away') will always be under pressure moving forwards. It's the big funds that control the SP, not the PI's. A real awareness of the environmental cost of so called 'Fast Fashion' will only grow over time. I've traded this a number of times over the years, especially when it's had major pullbacks (30-50%+). It's always bounced back previously, but I don't see this ever happening again.