RE: Sell target 2,000 (FTSE 100)29 Oct 2021 17:53
Any theories how this is shaping up?
There must be a substantial short position here, there must, which needs to close at some point. They may have the funds to keep shorting, but at some point, this is too cheap and some big boys swoop in. Strange this is happening to all UK tech/retail, or maybe not, maybe the LSE is seen as a place to short as UK press are sooo miserable they support the downfall and put fear into the small investment community vs. the USA?
This will come back, and faster than some think, I just hope it's not too long before we see it as I'm getting bored of red.
I'll hold and accumulate as much as I can as I can't see a better opportunity than this, each segment alone is worth the current market cap. In 2018 THG turned down bid of £4b.... that's before they became the largest online beauty / nutrition company in the UK.
BUY IT and hold - 3-5 years this will be a beast.