Member Info for Kheldar

Good morning Jtan, hope you’re well.

https://www.bloomberg.com/news/newsletters/2022-11-21/shein-s-cotton-tied-to-xinjiang-where-china-is-accused-of-forced-labor

I’m sure our resident paragons of virtue - Jongle and Jtan - will agree this is a lot more serious than boohoo staff having to walk around a bit.

It keeps getting mentioned that shorts haven’t closed so that means they expect it to go down further.

What isn’t being mentioned is that shorts need to buy to close the trade. If they buy and no one else sells the price will start going up and they may not be able to suppress it. That’s why they create FUD to get the PIs to sell so that they can buy and keep the price suppressed.

Do you think JP Morgan are selling at these prices?

I’m Long but I’ve given up trying to predict the price on Monday. If you go off the news at the weekend with a lot of money spent on sales you would expect it to go up but who knows.

ATB

This board needs to get better at price predictions, so far we a range between 15p and £7. I think it will be something in between - it’s a sure bet :-)

Seems like you had a change of heart from what you were saying previously but being able to adapt is good

What’s your prediction for the price on Monday?

We need our friend Jongle to dissect these figures for us and tell us why we should sell.

To be fair Paul, I count 11 people - all usdaw union members.

This is a review about the union on trust pilot:
Save your money.
They successfully oversaw our paycut. Our hourly rate went up barely but we lost our quarterly bonus, any idiot with a calculator could work out we were down £800 a year. Now we have gotten a 30p/hr pay rise in 2022 leaving us £200 a year down on 2019. And they post literature to plaster around the workplace bragging about how they fight for us. Trouble is the new people who walk in the door read this and think it is a good union, don't fall for it.

I think the workers are better off trying to join RMT then this cowboy outfit. In case people think I cherrypicked go look on trust pilot - 88% out of 106 reviews are negative.

I did lol when I read some of the reviews.

ATB

@LSE - Please stop deleting the messages. People can use the 'filter' facility to mute any views they don't want to hear.

I am long on this share but still open to hear other views but at the end of the day I will make my own mind up.

PS - eurofill - 37p is not going to happen today - maybe next week mate :-)

ATB

Calm down guys, it's only money, no need to get personal.

Boohoo holding up quite well considering other retail companies down as well.

ATB

@kgtrades

I honestly don’t think it’s racial bias but more of a class issue.

The same happened with Mike Ashley and Sports Direct. I think there are certain people who seem to have a big issue with people from working class doing well.

Admittedly it doesn’t help with the way the Kamanis flaunt their wealth on the tinternet :-)

Up Boo

Atb

Jongle: All fud mate and paid for garbage click bait nonsense of course so dismiss it of course

Totally agree Jongle- never trust a boiler room investor scammers

Couldn’t understand a word you said there but I’ll try to read between the lines.

So the view from boilerplate investment is it’s going to fall to 30p but then rebound and retest 56p. Now tell me who does this benefit? Those that are currently shorting and trying to sell as low as possible.
We all know once shorters sell this will bounce back big time so I’ll hold for the time being.

The problem with the bounce is that it’s so quick trying to catch the bottom is nigh on impossible. So I’ll make like Buffet and sit tight - what will be will be

Why am I not surprised you’re quoting invest? Lol

Great company https://blog.sircles.net/page/invezz-com

People read the article - the protest has been organised by usdaw union who boohoo refuse to deal with. Just opportunists.

If you think they care about the workers go look at trustpilot for feedback :-)

It brings it in line with industry norms with the likes of asos and Asda so don't agree with Teddy that it's bad news. If BooHoo had a cash flow issue they wouldn't have dangled the carrot of getting paid early. To be brutally honest this is boohoo forcing the suppliers to reduce their margins so that boohoo get a better deal. Do I like this? no, but boohoo are intent on cost cutting as much as possible.

Sadly, suppliers getting stiffed is not unique to retail industry.

Look at the directors buy table to see how under some of these directors are now with the shares they bought. Yet, they haven't sold as they believe in this company. If like them you still believe then Hold.

Atb

@Jtan - it took over a week to fall from the 50's mate, come on it's out first blue day today - at least give it a few days to get back there

ATB

Jtan : "A reminder boo wad at 30p a few weeks before"

Exactly Jtan, and now its 33%+ up - great isn't it :-)

@jongle: Best not look at a year via stepping back further of course

I know you are smarter than that. Let's take Ronaldo for instance, one year ago he was a bright light in an otherwise dismal United side. We got thumped by our local rivals and everyone was saying the team is crap and Ronaldo is the bees knees.

This season the team has functioned better without Ronaldo. It's all about making sure you look with the right lens.

Looking at a time further than a month on this share is meaningless as we had war and worries of inflation and let's not forget Truss. Don't get me wrong inflation is still there but we now have a plan and that is the big difference.

Don't get me wrong tomorrow things could change completely but I just feel there is more optimism now than before. Plus I don't short shares. not because of any moral scruples but just that my timing is awful. I have no issues with people shorting, we all do what we have to make money.

Look at the savings rates, a few weeks ago they were offering interest rates of 5% and these have dropped. Banks could not be offering mortgage rates less than 5%. who would have thought that a month ago.

Jongle said "Terry? It's just collapsed from 56p "

Beauty is in the eyes of the beholder. You're looking at it from a short term lens and yes it shows it has collapsed but step back and look at the 1 month chart and it shows it's 9%.

You need to step back Jongle and expand your horizon to see the bigger picture as those of us who are long in this share.

ATB