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I for one am not in this for long term gains, I trade short to medium term. There are better opportunities out there. If I sell at the current price I walk away with £6k which is solid profit for me.
Not only that, but having actually ordered from Boohoo and have friends that know the brand, it is absolute tat, proper cheap crap that doesn’t last (we are 24-29 age range).
So no, the SP’s bottom falling out upon a ‘solid’ RNS as well as the garbage quality of clothing they offer, I’m out.
https://www.thisislancashire.co.uk/news/18877489.bolton-digital-marketing-firm-bring-seals-deal-fashion-giant-boohoo/
For anyone not seen it yet.
Today’s your day
Having the same issues on T212, mine have been in auction since last Thursday, still yet to be filled, absolute joke!
Have to admit my optimism is rapidly fading with this share. The market discounts everything, and despite the no doubt amazing fundamentals it’s not looking brilliant is it....
For the record I’m in deep at 10k shares, average 274.
Not entirely sure to be honest, why not do both? If you're going to short it means you think the price is going down, probably not a good idea with this share tbh. But depends on what your time/execution frame is. From what i've read on this board some have luck going long in the AM and shorting it in the PM, personally wouldn't mess with that but im very new to this.