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Dan yes a new catalyst is almost definitely required, we all expected a significant push north on new auditor, strong results both which had an underwhelming effect not sure how the acquisition trumps that. But we will have to wait and see, without a big positive I see a small recovery with slim monthly gains. On a final point the SP is ripe for day trading and is without doubt being manipulated, the NASDAQ is there, not sure what's holding us back??
Topflop we don't want it, spend that cash on marketing on US soil!
A technique for coping with paper losses: Dont look at your account until you know it's gone green again. It works every time. Thank me later.
Next week I expect a nervy start with some buying pressure returning mid to late week, the week overall will be underwhelming however as we progress into late Jan early Feb momentum will build. My lucky coin worked this prediction out!
I've decided how we can solve these problem, heads it goes up tales it goes down 10 spins we will work on probability. Who's first.
Good effort Mcklondon.
Love all this technical analysis and if your trading then it proves to be very useful however indicators saying the analysis shows this or predicts that in the "short term" is for me highly probable almost 50/50 chance. Let's not talk days and weeks let's talk months and years "longer term". I bought in at 110 so on that basis this stock has smashed it. 2020 a whole year with a mere 5% sideways movement but we know the story there and what is being done about it. So do the charts say we should expect 5% in 2021? should we consider 2020 as the benchmark for boo or the last 5 years where 800% has been achieved? This is the ST vs LT conundrum and trend over a longer period of time.
Inferno good post but and it's a big but you have not lost until you cash out, paper loss yes. So if indeed this rises to 360, 380, 400 in good time where did the loss occur? The reality is time is lost if your decision was to hold but even that is an illusion based on whenever you decide to fully walk away from the table. One thing is now for sure and deserves absolute consideration is the pattern of post result selling off, this now I believe is a formed institutional pattern and could be taken advantage of.
If that's a winning strategy Buff stick with it, I tend to work with low maintenance strategies, growth companies with strong balance sheets where I can go long and add taking advantage of compounding. Day trading didnt work for me too much intervention. Good luck.
Worth s punt just sent an email to investorrelations@boohoo.com
So Buff are you in or out right now?
Boohoo fine global market sell off, China lockdown 25m people, stimulus worries and UK GDP. The perfect trio. This is a mini version of last march and could be prolonged for a number of weeks. A bounce just like April will almost definitely happen.
Splice whoever has been hustled over the last 2 days deserves the trophy..
Respect that Buff good luck..
No denying Buff boohoo has had a torrid time but history sometimes does not repeat itself and investors not traders invest in future possibilities. For that reason I am still with boo because I am looking beyond the garden gate and definitely not in the rear view mirror. The 2020 story not great but last 5 years 800% so I'm banking on the future boo.
Buff is that advice to a trader or an investor? I have lost nothing today I still own the same amount of shares as I have done for some time, albeit today on paper at a lesser value, but I am long term so in effect zero impact. Moose street are you getting it NO LOSS. So when we get to say 4 or beyond how does that conversation go, I told you so! Let me be clear I like many others are in for the foreseeable future, this week means nothing, interesting to observe the absolute fear and misguided views though.
Streets lmfao, " I've reported you" what an absolute blouse you are, you no nothing of my trades princess or my position. You keep saying you are leaving so why are you still here spouting your garbage? Streets if I be nice please dont report me again it will destroy my world lol.
Streets goes to funerals to cheer himself up. Streets you said you were leaving twice before and you are back yet again, have you got a problem remembering what you said? When it gets to 4 streets how will you gloat on that one?
Quite right Merv just done a quick count up and today's correction as knocked me back for £51K paper loss across my portfolio, this is not the worst day by far. Every time a correction occurs on this magnitude stocks tend to rally hard after so not all bad.
Yes it's a full house:
Tech down
Online down
Green down
Energy down.
Call it a correction with significance, not boohoo only.