Fast forward to Tuesday......27 Aug 2022 14:03
Whilst we have seen the price fall on Friday, there can't be many shorters left (or would have the appetite for shorting) that are likely to have a dramatic impact on the price we are now seeing. Reason being the upside potential heavily outweighs the downside, as others have commented there can be no correlation made with that of Cineworld.....Boohoo is not going bust! As I have also commented Next was a retailer in the 80's going through a difficult patch and its price fell to single digits......News and reaction on the 28th will be good for some and bad for others, I'm in the former camp!
Enjoy the weekend all