Member Info for hey_arnold

Just an opinion :) GL

Previously the market was pricing in higher margins during covid due to the switch to consumers buying sports wear etc.... which is why it got as high as it did. But now that we are moving away from lockdowns, I wouldn't look at the chart and expect it to go there again, unless we see those margins grow again.

Yep fair enough. Good luck.

Personally I'm in the bear camp and over a 12 months view expect this to trade closer to 2000 than 3000.

It depends if inflation outturns higher than market expectations. I assume Marshal Wace think that margin compression will be greater than currently being priced and ASOS/BOOHOO etc will struggle to pass on any cost hikes given the price elasticity of demand. Conversely consumer behaviour might change in the short term as customers buy for christmas in advance of any sales due to the worry of there being shortages of good, which should in the short term boost profits.

I suspect around 3000p this becomes a good short. I think this will get sold into in the run up to the next bank of england rates decision. Marshal Wace giving longs the rope to hang themselves. Lets see.

asos & boohoo flying. BWNG sinking haha

You know its bad when the intra day chart is a flat line.

Yes I'm sure you are right. I already have a big position here about 4% higher. Just going to sit on it.

You do wonder what more BWNG needs to do in order to move higher. Admittedly input costs rising is a headwind, but the market has already hammered this down to a ridiculous PE for an online retailer. I guess until it can show growth like some of the others, perhaps its deserved.

Amazing. Rates stay low, boohoo and asos rally and this goes down. Literally zero interest. haha

Literally zero interest in this stock from anyone haha.

Wondering if traders have been selling this today in the run up to the BofE rates annoucnemnt. I would argue this is actually a buying opportunity now and as mentioned by adamant it has now been priced in both rates and equity markets

Haha I was wrong. but still find the price action over the past week interesting.

Risk reward is good here. Happy to accumulate.

Yes you are right RedNinja. Something is going on though for sure, I'm also building more of a position.

Im calling it will close flat to yesterday.

Day traders I suspect. I have over 50k in here now. Just going to sit and wait.

This is also lagging boohoo and asos today.

There have been these very unsual buying spikes at random intervals over the past week or so, moving the price 5% or more each time. Someone is defo trying to build a position in my opinion and the only way to get any volume is to do it like this.