RE: Boohoo - Buy and Hold16 Jul 2020 10:07
@peoplepower do you think there's a correlation between positive posts on this board and SP performance? There's been a lot of people saying positive things over the last 5 days and the SP has dropped almost £1.
It is positive to see that, despite all the new reports regarding boohoo overnight, the SP hasn't seen a significant drop first thing this morning. That shows that the negativity is fully priced into the SP and means that with some positive news and a change in sentiment the SP could quickly recover.
My concern is that, with the amount of media attention Boohoo is currently receiving, are there anymore skeltons in the closet... only time will tell. Personally, I want to wait and see what happens in the next few days or weeks before getting back in on this. I will likely miss the bottom, but hopefully won't miss the top, as it seems reasonable that this would recover to £4+ in the long term.