Member Info for hey_arnold

Yesterday there was no one buying up dips apart from PI's. This could sink a lot further unless they release an RNS.

Institutional Investors I think have to sell, as they cant be invested in a company where there is a belief that the corporate governance is so poor that one auditor left and the other top four wont take it on.

The risk here is that the SFO launch an investigation against boohoo, then this will half in value from here.

Wyndrum your responses are as annoying as the people you argue against. Why don't you crack on with your day job, it would be a much better use of your time.

I think pwc had to resign given they missed everything the enquiry brought up. Personally I agree with Jefferies that today's drop is noise.

You have all given bullish cases so here is a bearish one:

Their quadrupled 2020 pretax profit could stay flat with a shrinking Ebit margin, as one-off Covid-19 tailwinds fade. Shoppers are returning to traditional behavior, merchandise return rates are normalizing with resulting cost growth.

Given how bearish the market is today and how boohoo is currently holding up, I think a bottom might be forming.

Interesting observation Smartinvestment. Marshall Wace are long IAG, obviously also like the risk reward.

as in all indexes not specifically boohoo

The US market is the reason we are down.

Yep I see what you are saying. I guess people said the same about Amazon.

Increased margins was a temporary spike though, that only happened because people returned less as they were buying sports wear.

Think the bounce will be short lived.

This move is nothing to do with the market makers.

Would you also Tesla are overvalued and oil stocks undervalued?

You arent really comparing apples with apples as ASOS is a more mature company. Secondly looking at percentages can be misleading.

I expect this to trade to 4500-4600 over the next few weeks as broker downgrades start being published.

easyJet WILL need to raise more money and therefore I can also see this going to 400p

All good news was priced in, too much infact. And guidance is defo cautious.

Buy"