RE: Strong close expected and gap up tomorrow8 Jul 2020 16:12
Frag, likewise you could be sceptical and say that fund managers are not idiots, they see a SP crashing and realise it has a long way to go and think "Hey! I know lets sell and not lose money, we can say its for ethics reasons and its a win-win". As soon as Boohoo release enough concrete evidence of intent to investigate and make right any malpractice that gives the exact same funds an excuse to get back in at a much lower price.
If you sat here thinking anyone on this board has a clue or any sort of influence (including myself) you are wrong.
Watch the trades, every now and then there may be a trade for perhaps 500k, enough to take out several levels of orders and shift the SP with one foul swoop, up or down.
My suggestion, which I am about to follow myself, is to decide do you want to be invested in Boohoo right now or not? if yes, then being on this board will not tell you if the price will go up or down. I'm off, take care, those who are holding try not to panic if there is alot of fluctuation, shorting is a short term game, personally I think we already bottomed out earlier at around the £2 mark