Everyone has to make their own decisions on holding a stock but for the company has a current value of 21 billion compared with net assets from the last financial statement of 32 billion so to me that's a buy
looking good. Have been watching this share for a few months but wanted to wait to make sure they were finally making a profit. Looks like you all got in nice and early as it certainly looks to now have a strong future in this space. Now I just need to find some spare money to start building a holding so don't go too much higher too quick!! :)
To be fair Asos don't have the drag of the media attacking it constantly to spread doubt. Also I am not sure Asos was that amazing was it? It seems pretty much in line with expectations and I think people were expecting a lot more after Boo's results.
I think we are too hard on ourselves (and others) sometimes if the people paid to know what is going on constantly screw up we shouldn't be so hard on ourselves when we get it wrong.
Looks like sympathy has Asos pulling Boo along with it. Unfortunately in the wrong direction (for most of us). Oh well at least not in something more speculative like Cine or Alba
Never a good thing You need to learn to kill your darlings! I like Boo but since the day b4 results I've profit taking (did put some back in at 330 though). I mainly stick to boring div stocks so then I don't worry too much about what the share price is doing. I have points where I'll sell the rest of my money in Boo and just leave the profits to ride. You never know when is best to sell a stock which is why you need to plan before hand to try and take the emotion of the moment out of it ( I need to get better at this)
Wolfofworks at least these are both companies making money so unless you need the money or are on leverage today may not be the best one to sell as without the media attacks Asos will probably bounce back over the next week or two. I'm not in it though as it's P/E ratio is too high for me and works against its sales for growth (not that that seems to bother Amazon and Tesla !)
I think sentiment is a quite well know phenomenon so yes if Sainsburys have bumper sales it does pull up Tesco, Morrisons, etc with it. Likewise if IAG falls it pulls EasyJet, Whizz down with it.
RE: What did I tell you, pump and dump.12 Oct 2020 17:51
the stock is up 12% in the last month which is more than most companies increase in a year (in normal times). Those with an average 380+ need patience more than a pump IMO.
I expect one reason is government and media don't care about foreigners getting ripped off but by keeping this in people's minds it's an excuse as to why virus is out of control here. Not the government fault but dodgy companies using slaves crushed together in death traps.