BOOGOOD29 Aug 2020 19:40
Hello People,
I had a look at BOO again as my wife loves the shares and wanted to get them this last Friday. I advised her to buy EZJ instead, though I agree with her BOO is a short, medium and long term great stock, and despite the "regurgitated" story by lame freelancers BOO is doing everything a reputable company has to do to put things right, including trying to protect the jobs of those who work for the suppliers (admirable) as well as creating more jobs, during a crisis, with their new factory.
Although she wasn't too happy, I explained to her that I expect EZJ to do well on the news of rapid antigen tests at airports to launch soon. She was reluctant but agreed, with the agreement that if it didn't she would sell it and buy BOO.
I cannot tell you how lucky that move was. Having said that, seeing BOO dropping to 295p, after I received a warning bell from a friend, both the wife and I jumped on the tablets to sell EZJ and have the cash ready to buy BOO, and load her SIPP and ISA with her favourite stock. It felt like those guys we saw on TV buying stacks of toilet rolls before everyone else found out they ran out of stock...silly I know. We got in at 268, 277 and 288.5. She burped after we finished buying so glad she was. Damn, she doesn't even care if they drop on Tuesday.
Now, I find it too coincidental ODI opened a short on the 21st and we get this regurgitated article on a Friday, just before market close, and not after 16:30, don't you think? Nevermind, she thanks the Guardian for the opportunity.
Why I don't believe we shall see the same massive drop BOO had last time? Because every Tom, Dick and Harry knows the work BOO is doing to clear the mess. Everyone knows the Guardian has nothing but regurgitated news. No Funds will sell BOO shares anymore as they are in now to make money; the Funds that wanted out are out. What we saw last Friday was the wilder beasts stampede if someone shouts... "LION"!
One only needs to look at the volume/time frame/chart comparison between friday and the last major drop when the funds left. Look at the volume and the disproportionate drop in the price on a continuous trend.
Ok, tomorrow we may get another repeat article on the Sunday Times, as they probably ran out of tragic stories to sell a few copies so, maybe let's regurgitate once more the regurgitated lumps of already regurgitated boo story...mooooooo they say.
By Monday we are already bored, and by Tuesday I cannot even remember what I had for breakfast! I only remember one thing...my wife is happy.
Bring on sales results and the new factory opening (I bet you that will not be posted on the Guardian- new jobs created by boo - as well not please the ODI guys)!
ST
I