Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I agree with bullhunter my main concern is not Boohoo or even the UK market... its mostly the rest of the world China in a deep slump, France and other euro countries heading for a crash due to overspending and the US not looking great due to many reasons. However things will slowly improve over time for the well organised companies just not enjoying seeing my portfolio slowly dropping at the moment though, time to stop looking at it I feel.
So 37.70p is my average and I am here for the long investment. but tempted to add more for a 10% quick profit as the chances of hitting 40p is more likely then dropping back to 32p within the next couple of weeks. IMO
I have bought and sold WJ before and was so shocked to see the big drop the other week I had to buy more at 46p this should be minimal 60p in my view even with all the recent disappointing news.
No magic maths formula to see where this share is heading. main factors are will it start making a profit soon, will inflation drop, will the warehouse in the US open soon, the answers to this are coming within the next 8 weeks. so sell, hold or buy and hold if you wish. but its staying between 32p and 37p until we get some answers to those questions. IMO
Marfthew you make 1 post on Boo compared to the many made by some others that like to bicker here but with the 7 recommended ticks you have received it looks like others agree. Retail seems to be making a recovery above the board as some other companies results are coming in, it will be Boohoos turn soon maybe not boom time as the economy is screwed but a 100% rise to 70p by year end... it is possible.