RE: Funds20 Jan 2022 02:19
Morning Icarus.
I'm looking at entering around 87p. It's a very reasonable share price target expectation. As you said, the lower boohoo moves down, the tighter it will get regarding share price movements meaning that we could be trading between the 99p and 87p ranges until either a further major investor divestment takes place or even better, they takes a chunk of the available boo shares and pushes boo back to plus £1.08 till where potentially other new and old small private investors decides to buy boo shares on the back of seeing a big major investor buying. However, the opposite to this would frankly have a overall negative sentiment and present a scenario of fear and doom and gloom which could push boo shares further down then 87p. So, even for myself at these levels it's still a 50/50 risk, my ideal 87p price entry could be a too high entry. Therefore, you could buy 65% of boo shares at 87p and hold back the other 35% just in case it dropped further and then buy only more if it went let's say at 79p with 17.5% and then wait. If then, the shares rebound back to 87p, buy more with the left over of the 17.5% balance of investment funds. That's the best you could do. Boo it's moving in a very dangerous territory and my 87p estimate could be passed quicker than could be envisaged if the papers, shorts and negative brokers ratings start firing towards boo share price direction.
Please do your own diligence and be prepared to invest based on your own research and don't take my suggestion as a qualified investment recommendation. Best of luck with your next trading strategies. NoFear. (*__*).
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