The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Trust me there is no chance a tin pot outfit like shadowfall would move this share price with any shorting activity, this is purely to do with, profit taking (asos down) recovery stocks up ( travel..leisure..airlines...oil), whilst most stocks have been taking a beating over the last few months, BOO share price....and Asos has been rallying, it's just money moving from one sector to another....for now. We also have a double whammy with the media, shadow whatever and alike, Boo needed a pull back, we have now had one, and now set up to move higher over the coming weeks, that's it. I'm not worried and added today, and will add on weakness. Aim stocks are volatile, this should be accepted by all of us that choose to invest in them, the gains if you get it right can be exceptional. GL all
mcklondon, there is a clear distinction here, 'Toxic Brand', to all the Boo customers and demographic Boo is clearing up, prob the most successful online retailer out there, and popular certainly not Toxic, maybe toxic to larger investors at the moment. If growth continues how long do you think it will be before those larger investors can remain on the sideline. The share price will and always does catch up with performance and rev growth, and for me there lies and opportunity to to own something outstanding at a discount right now.
One positive, a correction of 10- 15% means old money out new money in, and new money in should make us over time take out the highs, always think a correction is healthy, a share that goes parabolic always makes me scared, keep the faith!
Have to say, looking at the technicals, and I'm well aware of the fundamentals, it does look like a classic gap close, I think we may have closed today, if not very close, anyone interested in a decent entry with the fundamentals behind you, tomorrow you may have a good entry. Two red days after the release of sterling results, and a gap close, could be a nice level to top up or indeed to start a position. I'm long already having taken some off the table but if was scaling into a new position I would consider entering tomorrow on a drop into support.
have to be honest I sold 40% this morning, not the reaction I wanted to see yesterday, and weak today, my ave was 240, so nice profit, leaving the other 60% for further upside, shame, my initial target was 433, to me it seems the market sees fair value around here for now, personally I thought we would be making all time highs right now on the numbers yesterday.
'Reading the Tape' is often used by professionals, prop traders etc to time entries, that and time and sales, especially off of support / resistance levels, can show absorption etc, takes alot of practise but it can be done, if you really want to learn to use it properly id suggest Jigsaw through CQG,