RE: RE: RE: Bailed - Adios7 Aug 2019 16:34
Yeh all seems a risk at moment, sometimes best to stay in cash and just day trade like boohoo. Tomorrow a number of ftse big boys go ex divi so could be opportunities there, a lot depends who blinks at the moment with China/US as that is dragging down a lot of the market. Have more cash on sidelines
Asos wise - i liked the UK growth in last forecast, they have had 3 profit warnings and downgraded expectations, i think they have left themselves room to come in above and post a goo forward looking statement/forecast, so risk/reward if you are happy to sit could be good here. Shorts had increased to over 5% of late and it would be bold to hold on to these for much longer. Shorter term traders will be happy with a 16% drop over the last week and it probably takes just one move by trump to give a plus 5% day here