Member Info for Peoplepower1

T4g stop trying to drown out negative posts and posters.

We know your game t4g

T4g - you need to use comical for yourself. You were the one moaning on here not so long ago that MMs were stifling the market because volume had been so low since the beginning of 2023.

You know nothing too.

Read some books and stop playing your games on here of trying to drown out negative posts and posters.

Kachrafilter - oil prices are expected to go up more which will put up inflation. You need to read beyond the BoE report.

WeeWee - you're boring. At least those who want can learn something from my posts.

Try reading some books on how the share market works, investing in shares, growth shares, etc., etc.

WeeWee - no I didn't have your post removed. Your insults say more about you than me. I would think someone else took offence at the use of such a despicable word.

WeeWee - Yes it is, try talking to a real broker. Those that aren't bought during the day are auctioned off in the Uncrossed trade at the end of the day. Market makers balance their books at the end of each day despite what people may think on here.

You know nothing and think you do.

PDS2023 - try reading some books on how the share market works and you'll learn all this.

PDS2023 - where volume is low for a share means the share is out of fashion with investors and institutional investors.

In other words, Boohoo is a bad investment hence why the volume is low.

PDS2023 - look at the historical data for volume and work it out for yourself.

It doesn't take a genius to see that investors and institutional investors see Boohoo as a bad investment.

T4g - doing his game again of trying to drown out negative posts and posters.

We know your game t4g.

The volume today is 5m so 2.5m sold into the market and 2.5m bought from the market.

The market makers are having difficulty finding buyers for the shares being sold into the market and so they have to reduce the share price to entice buyers to buy Boohoo shares.

If the Boohoo share was the great share that holders on here think it is then there would be loads of buyers and the sp would be rising.

Can't you see that the majority of investors don't see Boohoo as a good share to buy. Only some of those holding Boohoo shares think it's a great share. This should tell you that you're wrong.

When will you ever learn?

Holders are selling this share because it is a losing share .

Bank of England is still hawkish like the Fed. Interest rates are going to stay higher for longer. Oil price going up which hits everybody, business, customers, inflation and so holders are selling their Boohoo shares.

The BoE MPC didn't rule out further rate increases stating: "Further tightening in monetary policy would be required if there were evidence of more persistent inflationary pressures."

It also hinted rates would stay higher, for longer.

"Monetary policy will need to be sufficiently restrictive for sufficiently long to return inflation to the 2% target sustainably in the medium term, in line with the Committee’s remit," it said.

Medium term is seen as two years to five years.

Never average down on a losing share bon_scott

T4g - back to his game of drowning out negative posts and posters.

We know your game t4g.

12 of the 19 voting Fed Committee members said they expect to raise rates once more this year, at one of the two remaining meetings in November or December. Furthermore, looking further forward, the committee indicated that interest rates would only be lowered to around 5% by the end of 2024, indicating that they remain committed to a 'higher-for-longer' strategy.

Fed remain hawkish which doesn't bode well for Boohoo's USDC.

Next cautioned that while a softening labour market may reduce pressure on wage inflation, it may also dampen growth in consumer demand in 2024/25.

No job, no money to spend.

Boohoo and ASOS are both down today.

Analysts at investment bank JP Morgan warned that Brent oil prices could rise as far as $120 a barrel, especially as markets tighten further in the wake of supply cuts by Saudi Arabia and Russia.

The supply cuts were the key driver of a nearly 30% rally in crude over the past two months, and are expected to continue underpinning prices in the near-term.

But JPMorgan (NYSE:JPM) also warned that higher oil prices could dent global economic growth, especially with interest rates also set to remain higher for longer.

Higher oil prices have also been a key driver of inflation in recent months, which in turn elicited a hawkish outlook from the Fed.

Higher oil prices for Boohoo adds to their costs for delivery and returns.

People having to pay more for petrol and heating coming into winter means less priority for fashion, beauty, luxuries, etc.

Next are renowned for their reports giving plenty of detail and being transparent.

Plus Next have loads of cash unlike Boohoo and ASOS.

Next is a huge competitor to Debenhams.