I am not sure about ASOS. When it reached 5+ I could foresee this happening. It’s just a correction that’s all however Boohoo is massively undervalued.
RE: Where are the de rampers today?3 Sep 2020 10:53
Don’t worry. Soon as there’s a dip they’ll be back talking about 200 when it’s just the traders moving money about. Then it’ll rise back up and they’ll disappear again.
Rolls Royce and BooHoo. The bottom has well and truly been reached. Both are long term holds.
If there is another great deal out there, then invest big but I don’t think bargains like these will come too often. Big positions with these two for the long term.
Why today? And not last week when results were out?1 Sep 2020 19:09
In fact when results came out last week there was a boost in the SP and today when Rolls Royce announce the new, advanced Ghost model, the SP is lower than it’s been for months??
You’ll be crazy if you’re waiting for this to continuously dip. Pessimistic Tuesday, we could have a super Thursday where it’ll be back to 135 in no time.
And from then, ASOS tightened things up and the rest is history. Moral of this story, ride out the media storm, hold your position. September is going to be a wild month, but it’ll finish positively.