Member Info for Peoplepower1

PDS2023 - to get the share price up, you need lots of buys. There aren't lots of buys for Boohoo shares. There are more sells than buys.

People get sucked into buying Boohoo shares because Mike Ashley has bought them. Then the price goes down and some sell. The price goes down again, some more sell. The price goes down again, some more sell and so on.

T4g - another broker downgrade today, so that sends the share price down. People don't think like you and take an average of brokers. They read another broker downgrade and sell. They read another broker downgrade and aren't interested in buying Boohoo shares.

T4g - volume on here has dived because nobody wants to buy Boohoo shares. When will you ever learn? If you don't learn this basic fundamental about share volume then you'll keep losing money and what's worse you'll make other people lose money too.

JeremyP - it's called being out of favour with buyers. Boohoo is the most out of favour at present. THG went up on the possibility of a takeover as did ASOS.

Buyers want proof that Boohoo can be a growth share again and it won't cost them a fortune to get back to growth. Plus how long will it take for Boohoo to get back to growth. Are we looking at years to do this?

Boohoo have already stated their revenue for fy2024 will be flat to 5% decline.

Boohoo have already stated they will spend about £230m on marketing for fy2024.

There's loads and loads of competition online now and there'll be more and more competition online.

Holders at present are hoping Boohoo will get back to being a growth share again.

Hope doesn't make you money.

Hard work makes you money on shares. And, this means reading, reading reading and finding the little growth gems out there.

I pay subscriptions to Stockopedia, Research Tree, Armchair Trader and the FT.

It's only by reading these regularly that you find the little growth gems.

I get emails every day from the likes of Noahpinion and many more. I got these through reading the ft and finding out about them. They inform me of world markets, world economies, etc., etc. I don't read them all every day. Now and then when I have time I read them

Stockopedia is brilliant for picking up and researching little growth gems. The Small Cap Value Report is worth reading when you can. The comments from subscribers are superb too. Research Tree provides analysts research on many little growth gems. Armchair Trader comes up with little growth gems in the likes of Canada, etc. The FT gives you an all round picture of the world, markets, economies.

Also I read loads and loads of books on investing, technical analysis, elliott wave theory, growth shares and more.

You can't read enough to make money on shares.

It's hard work. If you want to make money on shares this is what you have to do.

WeeWee - that's called gambling and not investing. Hence why you're losing money.

Goldman Sachs cuts boohoo price target to 43 (50) pence - 'neutral'

Another downgrade for Boohoo

Oke - no it's not. You put the work in every day to find the best shares to put your money into, this is how you make money.

The problem is people get lucky on one investment and they think it's easy. Then they learn it's not easy because if it was, everybody would be rich.

BrokenSmoke - you do have an idea by reading the final results for end of year 2023. Unless you read every RNS and learn not to believe all the rosy stuff completely.

Boohoo have already stated their revenue will be flat to 5% decline - not good.

Boohoo have already stated they're going to have to spend in the region of £230m on marketing during 2023/2024 accounts year.

These give you some idea of what's going on at Boohoo.

BrokenSmoke - there is money to be made. It's all about choices. In a bear market you can make money from picking the right shares. And they're out there. It takes a lot of hard work. The problem is people don't want to put the work in needed to find them.

Again, the same in a court room you need evidence.

J.Bash - belief is never enough, you need evidence. And the evidence isn't there. Hence why Boohoo shares are out of favour with buyers.

Oke - exactly because it's not a good investment at this point for me. If the trading update shows me that Boohoo can grow again and it's not going to cost them a fortune to grow again, then I'll look at it and consider it.

At present, I'm learning how not to invest from all of you.

Oke - there's nothing to show it won't go down again.

That's the problem, you think because THG has 3 bagged then Boohoo will three bag.

That's not the way to invest in shares.

Oke - you don't consider that you might not make any profit from here on Boohoo. When it comes to investing you must consider all possibilities, of losing all your money to making loads of profit and in between these scenarios.

Sosander is out of favour making little profit - REVB is out of favour making little profit.

They're all making little profit.

BrokenSmoke - exactly because AIM is in a bear market. However, Boohoo is not making any profit or very little. It's having to spend a fortune i.e. £230m on marketing to get growth going again.

People on here buy because they think it'll go back to being a growth share again. It might and it might not. There's tons of competition out there now.

Boohoo is out of favour as is ASOS and THG - what does that tell you - it says online fashion is out of favour.

Oke - there's nothing weird about it. You're simply looking for another distraction so you don't have to consider my post. In reality you don't want to look at the possible risks because all you want to look at is the possible rewards.

That's not the way to invest in shares.

Try to be open minded and learn from others whose opinion is opposite to your own.

Oke - and I'm allowed to have an opinion.

Mike Ashley's deals finished for the first one on 29 August and the second one of 31 August.

He watches share prices, like you and me and goes in and buys like you and me.

Https://uk.investing.com/equities/boohoo-historical-data

Oke - here's the actual evidence which proves you wrong.

Mike Ashley is like you and me and he watches the share price, decides when to go in. May buy over a number of days at different amounts and differnt prices. Then when he's finished he can submit the TR1.

Simple, not complicated.