Member Info for Paul85uk

I think it was shareexpert who mentioned newly listed Corsair recently on here and I’m up around 50% after checking them out and buying some shares. Their first earnings since IPO is on Tuesday. Wanted to say thanks for that little tip, they look like a solid company and I know a lot of gamers who swear by their products. I have a mate who spent £6k building a gaming PC and half of it is made from Corsair hardware. He’s gone and bought shares in them now as well.

Freetrade only have an online chat facility and you can only pay money in via bank transfer which can take a few hours to appear in your account. Trading 212 is much better in my opinion but also doesn’t have a helpline

Peoplepower where did you accumulate all this knowledge?

Look at Rio Tinto

Yes mate very frustrating especially when covid shares like ocado are booming and and shares with good earnings like 888 and pets at home rocket. Boohoo tanked on great earnings after we all got so excited. There must be something about it though otherwise why is it the most traded share on freetrade week in week out. Why is it this board is so active but most other share discussions are dead including ASOS (apart from kitty of course lol). What makes this share so special? Is it the feeling we all have that its only a matter of time before if it returns to 400?

https://www.fool.co.uk/investing/2020/11/01/the-boohoo-share-price-is-now-the-perfect-time-to-buy/

Annoying thing about boohoo is that massive increases in profits doesn’t increase the share price... well not since the scandal anyway. That’s still holding it down. Once the factory is sorted at least they can fight back any inevitable telegraph articles with solid proof they’ve done something positive.

Hope you’re right. There will be panic selling, I was even thinking about reducing my position until I heard Boris’s briefing and realised hardly anything is actually changing. If anything this helps a lot of companies as the furlough is being extended yet again which obviously means we all have to pay for it later on but keeps the economy going. Boohoo and ASOS are literally having their competition destroyed by lockdowns to the extent that they could probably snap many if them up for pocket change then convert them to their online model. Just need to get this mega factory sorted to nullify any future media attacks and we’re laughing.

In 20 years hopefully you’ll have £700k not £70k lol

I can see a big selloff tomorrow but it will definitely be an overreaction because hardly anything has actually changed. Apart from pubs, restaurants, gyms etc being forced to close what has actually changed? More gloomy outlook from the advisors but we’re all used to that by now. Furlough extended again which is actually a boost to the economy (which we’ll all be paying for later).

What price you looking at buying keepcalm?

For covid shares like boohoo, asos, ocado etc I honestly don’t see why the SP should drop considering the new lockdown is hardly any different to what we have now anyway. There will obviously be panic sellers and the whole market will probably tank for a week but hardly anything has actually changed. In fact prospects for many companies has improved even more on this news. Annoying for the cineworlds and hollywood bowl wetherspoons shareholders (I was tempted to buy shares in these excellent companies myself - well.. apart from cineworld) who thought they had a bargain, gonna have to wait a bit longer but boohoo thrive on lockdown just like amazon. I’m hoping it doesn’t go too crazy this week cos there’s actually no reason for it other than panic selling.

Anyone thinking of averaging down next week and what are your predictions for the bottom?

I bought 100,000 amazon shares when Jeff Bezos had hair

Loveapoundnote can you train me to be a trader like you?

I actually think Dave is bang on with his predictions lol

Can’t see Biden winning by a landslide. I think the media forget how patriotic the Americans are.

Boo’s target market are living with mum and dad or off their student loan. Trust me they’ve got plenty of spare cash, all this caution for the future by boohoo and asos is rubbish and only planted seeds of doubt where there shouldn’t be any. Obviously the future is uncertain but people will always need clothes. People’s weight is fluctuating as well cos they can hardly get access to a gym and constantly ordering food from just eat. They need those instagram likes to feel accepted. Sad but true.

People have more spare cash because they can’t spend it on holidays or nights out. Your average 18 - 25 yr old will spend hundreds per month on drink and drugs every Friday and Saturday night then blow a few grand in Magaluf, again getting off their t*ts. They can’t do that now so are instead staying in on instagram and dating sites. They need that little dopamine rush somehow and buying some cheap clothes to show off online is one way to hit that spot. Trust me if you’re sitting at home bored u start browsing the shopping sites. Its the one last pleasure these poor souls have left. Boohoo are doing a huge service to society and I think we’ll see Sir Mahmoud Kamani and Dame Carol Kane very soon

Easier said than done slippers especially when you’re new to investing in the stock market. As a property investor I’m trying to look at shares like buying a house, if the house suddenly drops in value you don’t rush out and sell it, you keep it for the reasons you bought it and it always goes back up in the end. The past few months have been a learning experience.