The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I've topped up a little more too, I'm now at an average of just under 273 and am happy to wait a while, how long remains to be seen in all honesty.
Though I now hold 11% more shares than I previously sold at around 5% less cost than the price I previously sold at
I hope it doesn't affect the sp too much, but any headline spin seems to these days! I'm out at the minute but it would be nice to see things stabilise and start coming back up sooner rather than later.
Truth is nobody knows, it depends on what happens between now and hitting it, a run of bad news couples with covid fears, both of which boo should bounce back from at some point as they're fundamentally strong, but what point, that's what everyone wishes they knew.
@Topgun
That way the UT (uncrossing trade), there was a £849k buytust registered late though
15-Oct-20 16:36:34 313.05 271,207 Buy* 312.60 313.10 849.01k O
15-Oct-20 16:35:19 313.40 756,363 Buy* 312.60 313.10 2m UT
Whereas I agree derampers exist you ramp like you're on the payroll...
My opinion is ignore derampers AND rampers and go by your own research or targets.
To be fair I bought boo to make money not join the fanclub, that's not happening right now, that's not me deramping that's fact.
I got in at 208, could have sold out for 80% profit instead I've watched 30% of that disappear over the last fortnight or so, that's it me deramping, that's fact.
They've gone down 8.5% in 2 days from an article saying they did the right thing in a bad situation, that's not me deramping that's fact....
Another fact, boo cannot be traded on fundamentals right now, if it could we'd all be sat on 450+, and until it can I took my 52% profit, for now, instead of possibly watching it disappear further before my eyes. I can live with that, 52% cannot be knocked.
I'm not deramping. I wouldn't, I'd love to see boo get to where it should be, at which time I'd buy back in, but that day isn't today it seems as no matter what they do it's not gaining the confidence needed, so to me, as an investor their 45% profit growth means nothing if it leads to a 30% loss in share price, for that reason, I'm out, for now.
@gotitwrongagain
"it is worrying when good news has no impact on shifting it upwards"
Moreso when the original article states they dropped the supplier and they still dropped 8.5% in 2 days, I'm not saying they've done no wrong but on this occasion they did the right thing Andy still drove the price down.
Until confidence is restored I'm out too, keeping an eye to move back in but I had to protect my profit which I'd seen drop 30% since the results, sorry to hear you've lost, hopefully you'll make it back up.
Maybe some need to read beyond a headline.
The article clearly states
"Boohoo told the BBC it would never knowingly conduct business with anyone acting outside of the law.
It has now terminated its relationship with one of the firms highlighted by the investigation"
As in they dropped the supplier as soon as they knew of any wrongdoing...
Slow news at the moment I know but boo wasn't really even worth the mention, especially not in s negative light, and especially given thst it was the next sentence to that which you shared only displays them in a positive light but let's skip that bit eh.....
@pp1, agreed,of course it bears some semblance, it looks like a double whammy of treating others as if they're stupid. Firstly trying to convince them they're investment is doomed then again trying to convince them the effects of their deramping means nothing.
@Bablake...
Again with the what and again a blank on the why., I'll rephrase my question....
IF you are of the "opinion' that boohoo is going to tank on Friday what gives you that opinion, if you can't give any reason or logic why on earth would, or should anybody listen to you?