Member Info for marfthew

You’re comment answered itself there. Yes these people aren’t on Instagram. That’s why this is such a good purchase. Targets a whole new audience

I think I some youths on here just don’t get Debenhams.

This is for £50m such a great deal.

Established online site with great traffic, make up, clothes, homeward.

I know lots of people that were gutted when Debenhams went down and they weren’t people that only shopped on the High Street.

Danl90,

I think on their platform they can really make the different offerings of a Debenhams work and we still have plenty in the bank.

Just look at the online traffic Debenhams.com was still getting. It’s a good move

Thanks Splice,

That’s very interesting. Look at that traffic online compared to Topshop.

No brainer

Danl90,

Weren’t you the one saying that Boo should go into makeup? And now you’re saying you’re getting out tomorrow.
Well getting Debenhams on the cheap they’ve just done that. Huge beauty line

Debenhams is a smart move. Covers a demographic that Boo just doesn’t have right now, overpaying for Topshop which had its day was silly.

Debenhams opens up a whole new World that they can really make work and £50m is a deal leaving £350m in the bank.

Keep calm,

Well done on getting in early, they’ve definitely had their time in the spotlight in 2020 and Biden winning the presidency gave them another huge push.
I only invested in one back in August, Plug. That’s dine very well but I’m out now. All these green related stocks look very toppy today and overpriced both fundamentally and technically. Each to their own. But they’ve had such a run up in taking my profits. Sure they could keep going particularly with a Biden laying out his green plan at some point (feel a lot has been priced in the last few months for this anyway) but also they could come back to fair value which is a long way down for a lot of them.

Danl90,

Stuff like that always makes me smile. ESGs won’t touch a copper mining company but are happy to Plough into electric car companies like there’s no tomorrow which are the ones using more copper than anyone else right now.
That’s the World we live in

Hi Buffaloben,

Totally respect that style of trading, whatever works, we’re all here to make money. I’ve waited many times for stocks to hit certain technicals levels to buy in again and they never do, like you I don’t feel bitter, just missed the bit that time around.

13th of Jan the stock was overbought on the dailies and was at the very top trend line of this symmetrical triangle that has formed through 2020 and now into 2021.

I sold off a large portion of my holding a few days before results as I was concerned about this but held a percentage in case it was different this time and broke through the trend line off the back of results. Which of course it didn’t.

I have bought back in again in dribs and drabs this week, with an average with my previously holding from before of about 312 now.

Buffaloben,

Looking at the technical set up I think you may miss the boat here continually waiting for 3 or below again.

Last results it had a good catalyst to continue a proper sell off, continued newspaper witch hunt, VAT scandal (though Boo not directly involved in any way), Auditor dripping out etc.

This time it’s put that behind it and put the wheels in motion to do things better moving forwards. Had fantastic results and continues to grow at a rapid pace.

The 15% sell off you just witnessed after results is as good as it’s going to get I feel for those wanting to buy in again.

Those waiting for 3 and below will be sorely disappointed.

Upper trend line of symmetrical triangle is getting closer as each day passes and I don’t think it will take too much this time to break above that

Peoplepower,

That depends how long it spends consolidating in this area. For instance if we steadily keep going up over the next 5 trading days the upper trend line sits at around 360, if 10 trading days it will sit at around 350.
Obviously it’s a descending trend line being a triangle, so the more time it takes Boo to start rising the lower that upper trend line will sit. Will try and put a chart up here with the trend line later

Yep been below 20 for several days now, which correlates with the selling slowing down. I think 50 and 200 DMA support won’t even be tested this time around, we got close but it bounced at 318.

Unless there’s some unexpected bad news or a global pullback I feel it is upwards from here with a potential breakout of the top trend line on the triangle

Mck,

Okay I can respect you got one right that came good. Heck I’ve even lucked in off the back of technicals and gotten one or two right that have appeared on that daily risers list over many years of trading.
But two on the same day in different sectors.
Have you mentioned AMC anywhere before?

Just interested because if you’re that blinking good you should be setting up a subscription service.

So what are you doing with boohoo then? Are you waiting for 3, is that exactly where you charted it? I feel the bottom could be charted quite differently by about 20 points.
Also symmetrical triangles don’t exactly always play ball to an exact point.
Boo is getting to the end of this one and as long as there’s no more skeltons in the cupboard to come out or a global crash then it should breakout upwards very shortly and finally get above the upper trend line

Mck I appreciate your technical knowledge.

But saying you just happened to get in at the right time on MMR and AMC before they both rose 40% to 30% yesterday after they had actually risen is codswallop.

There are around 6000 listed companies in the US, you seem good with numbers. What are the chances of owning at the same time two companies that appear on that list of top daily risers in the US?
Both completely different companies, not in the same sector, water and entertainment. The odds get even more massive.

So as much as I can see you have very good technical knowledge I’d give the other stuff a rest.

For anyone that cares here’s a link to the WSJ list of biggest daily risers yesterday with MMR and AMC that Mck mentioned last night.

https://www.wsj.com/market-data/stocks/us/movers

TCM your investing philosophy is very simple isn’t it. Ramping it prior to results saying it would hit the number 4, because 4 is the next number after 3. Now because it’s had a few down days it’s going to go to 3 because that’s the biggest simplest number it’s currently nearest to.

Now how about this, it didn’t hit 4 like everyone thoughy and it doesn’t hit 3 on the nose like people like yourself are saying now.

Charting the symmetrical triangle even as Mk says can give several bottoms depending on the trend lines your draw. This can range from about 3 upto 3.15 depending on how it’s charted. Furthermore the 50 and 200 DMAs are now located at 316 and they shouldn’t just be ignored as great support.

Also Mck throws some good technical information at this board but went down in my estimations yesterday when he clearly picked what we’re two of the biggest risers of the day in the US and said he owned them, anyone can type in Google and see the two stocks he mentioned that rose 40% and 30% can be found yesterday on any list you care to Google for the days biggest risers over there, I check these lists daily. Coincidence I highly doubt it.

If someone was that good to own two totally different companies (one water and one entertainment) that happened to both be on the top 10 of the daily biggest risers in the US on any given day, well why the hell is he doing sat on here wasting his time writing monologues. Just pointing that out as a few on here seem to hang of the guys every word.

Keep calm,

It’s always the same names that come out on these down days with the same rhetoric

Well said Mck and nice technical info

Wow they must have opened the gates to the asylum today. All on here. The World is ending, boohoo down to this etc etc. funny stuff.

If you want to just silent out the muppets you get on here on big down and Big up days just keep an eye on technicals.
Boo is over sold on the hourly right now but not on the daily. 50 and 200 DMA both sit at 315 which should provide good support

2% on the cost of an average boo item of clothing. Think even the most frugal individual wouldn’t take any notice of that. Certainly not going to have people flocking back to the high street

Kitty,

That tells me you know nothing. 335 is not significant at all. Or please explain your reasoning from a technical point of view?