Member Info for hey_arnold

Did you not understand what I meant when I said, "it's all to do with valuations. If people no longer believe in the tech valuations then that ripples out into other indexes and stocks."

I think Nasdaq is going to go down again.

Shame there is no furniture.

wyndrum just because you dont understand, doesn't mean its not true.

I agree with Steve, this is defo correlated with the Nasdaq at the mo. It's all to do with valuations. If people no longer believe in the tech valuations then that ripples out into other indexes and stocks.

Really? Uggg

Completely agree Boohoo is a great stock, just there is additional money to be made on days like today and yesterday trading it.

I still dont fully get why ASOS and Boohoo get sold when the US Tech stocks do, I guess its the online link?

I dont normally time the market that well Steve, so you were wise to not listen to me :)

I'm patiently waiting to buy back in before the close.

Hope you sold your tesla.

I'm still a seller of the afternoon, but lets see.

NASDAQ futures are indicating it's going to open down, not up. Intersting to see how this does from 14:30

Todays fall wasn't company specific.

I think if the US continues to correct, going long ASOS will lose you quite a bit.

US looks like there is a correction happening.

I normally time the market badly so take this with a big pinch of salt, but I think we could see a correction in the US, so I've gone to cash, to try and buy back lower.

That is what I am wondering Bertrum.

Out of interest why would that not be a reason to panic if this is correlated to the NASDAQ?

The key question for ASOS is whether it can maintain margins at current levels when the public switch back to buying 'going out' clothes from active wear.

Why do we think a trading update will happen before results?
Couldn't see anything on financial calendar:
https://www.boohooplc.com/investors/financial-calendar