RE: minuscule shares8 Jul 2020 12:03
pokerock
“ Opulentia, it’s not a short attack, it’s Boo’s business model on the line.”
For anyone with level 2, it is CLEARLY a shorting attack, wil an iceberg sellers of 1,500 shares every few seconds since 8am. It was just a matter of when the scales would tip and at what price.
“They’re allegedly paying £3.50ph and making a healthy profit; they now need to pay £8.50ph”
They don’t pay anyone per hour. They pay per garment.
“and have lost some big outlets including Next, Amazon etc. How many more will follow?”.
Only 1.4% of sales are retail. Furthermore, the have not ‘lost’ ASOS. ASOS just suspended sales while they talk to BOO.
“ It’s a BIG gamble at the moment, and I believe it will hit £1.50 before any significant bounce, if there is to be one.“
Well, if there was no risk, there would be no market. We have already bounced off £2.00, although I missed the bottom and bought at £2.035.
Thanks for the great advice, though.