Choppy week ahead16 Oct 2022 18:55
Well what's new for the Boohoo investor.
After a year of shedding "P's" off the SP like a stripper down to the last minute of the show we find the clothes are starting to be put back on as the show gets extra time. Looks like a chilly week with the pound sinking, interest rates doing a yo-yo & a government without direction.
Where goes the BOO stock price this week? Shorts want it below 38p, investors want it higher & market forces want to increase costs, lower profits & hence suppress upward trends. Oil is down = dip in energy costs = minor decrease in expenditure. At 38p BOO is still far too cheap therefore attracting large buyers of +50k. If trade volumes dip below 3M, then is a time to take a fresh look. For now stock price will like a donkey on springs - yee ha.