Member Info for marfthew

Gosh don’t people get themselves in a state over little drops.

It’s just a 10% drop. The stock was overbought on the dailies, it’s still nicely within an upward trading channel the bottom of which is around 325-330.

Nothing to see here and at 330-335 is a great buying opportunity. I’ve loaded up some more this morning having sold half of my holding the day before earnings.

People should go and read up on Elliott wave theory

Totally agree. Growth stocks just do not work being listed here.

I think what everyone is missing is the negative impact of the Leveson report that was also dropped today and not expected.

It certainly didn’t pull any punches and I can see the likes of the Guardian jumping in some of the detrimental things he stated.

If that hadn’t dropped at the same time, the update was extremely positive and I’m sure we would have seen a 5% plus up day.

At least any gaps below have now been filled anyway.

On that basis sell in open and buy back in witching hour ??

Some huge sells as well £2m & £4m. Wonder if Morgan Stanley are up to their games again. Definitely see another RNS about their holding in the morning. Noticed it has reduced a tiny bit in this mornings RNS. Bit odd.
Maybe just due to the negative market sentiment going around at the last few trading sessions. Knowing them it will increase again in the coming days

Yep I’ve been watching that wedge. Actually a downward wedge which is bullish and you’d expect a upward breakout from. So that is what I’m seeing currently taking place and I think it will breakout to the upside from this wedge pattern on the charts.

They want to see £6 per share btw.

Hi select64,

I see the same. Hit a high of 3.91 euros today. Not sure what Moose was looking at

Inferno,

I’d be shocked if it stays stable and doesn’t do much.

If anyone checks out U.K. stocks Such as Sainsburys, Natwest on the German exchange today, they are all up 15-20% because of the brexit agreement.

I feel Boo will definitely also get a good rise come tomorrow due to the brexIt agreement being reached. 350 plus at least tomorrow, maybe even getting over 370

Boo will rise with almost other U.K. stocks this coming week with a brexit deal having been reached.

Any vaccine effect is very much priced in now.

350 plus this week

Just a general lack of news out of them is not helping and I don’t see this making any significant inroads above 320 until there’s a RNS for a trading update, new auditor or a Topshop acquisition. Any one of those and it will top 350, two of those over 400 and all three I can see it pushing on to 450 and maybe higher.
Until then though it’s probably just going to tread water and be day traded between 300-320.
I have a large core holding In case of a RNS and like most on here it seems, I’m also day trading another tranche which is working out quite nicely

That’s just a UT, how many times

Furthermore Laidback have you seen T Rowe Price or Morgan Stanley substantially reduce their positions on the run up to this meeting, nope. They own over 5% each.
The fact they are fine holding tells me all I need to know.

Not anyone’s comments on this board

“260-270p next week imo

The meeting with MPs is risky .... why not sell now and buy after ?“

I have to disagree Laidback, I think they have priced in a worse case already this week. Plus the Brexit shenanigans the past few days, it presents a great buying opportunity at these levels today.

All it takes is a RNS Monday morning about an auditor, Topshop, trading update and it could pop 15-20% in the day and then have a nice rise upto the 350-375 area. Very easy to miss the boat on this if you’re not in

Or dma’s for that matter. :-). Typos

Triumph1,

Technicals worked out well today. Nice bounce from the bottom of the channel and DNA’s there.
I topped up as well, 301 for me though. Looking forward to a rise towards the upper end of the channel and potentially beyond with some good news

Wishful thinking that it will go back to 270-280 from here. Just look at the charts. Will find all sorts of support around 301-302. Just at the bottom of the channel

Hi Truimph1,

Yep nice to see Boo trading with technicals for once. As you say in a rising channel, the waves have been following it nicely. At the bottom of the channel now and with the 50,100 and 200dmas here it souls bounce nicely off this To mark it’s way to the higher in of the channel later this week

Well you have the 200dma at 302 and then the 50 and 100dma right below that in the 301 area. With the drop on Thursday and Friday it’s no surprise they are going to have a go at these.

Should have good support at these levels and if you wanted to get in that’s where I’d be doing it. Will be topping up some more myself

From a technical standpoint I’m pleased the gap got filled straightaway and now onwards and upwards.
Boohoo has a very good record of filling gaps left below no matter how far below they are.

I was expecting a good jump off the back of this RNS. Feel it’s a very positive message. Still the share price isn’t doing anything, perhaps it’s being viewed as disappointing as there’s still no word of a new auditor. But surely the fact KPMG will work with Boohoo on this is a good sign