Member Info for Peoplepower1

Sadly SCb still doesn't understand how the market has changed for Boohoo since March 2021. Too much competiton now for online fast fashion. There's loads and loads of them.

People are tired of the novelty of online fast fashion and have gone back to shopping.

Boohoo and ASOS are no longer the companies they were in 2015. They are no longer growth companies.

Never dismiss Boohoo going to 20p.

SCB has been holding his Boohoo shares since they were 200p. Says it all.

I think interest rates going up in Canada and Australis means interest rates may be going up in UK. These affect share prices because investors don't like interest rates going up.

Investors are put off buying Boohoo and ASOS hence why there's no sentiment to buy these shares by investors.

As I keep saying, always look at the downside for the share price as well as the upside.

Never dismiss this going to 20p.

There's too much competition out there now for online fashion companies. People prefer to get out and about to shop for clothes.

Online is down for fast fashion and beauty.

Online is no longer the novelty it once was.

Boohoo and ASOS are no longer growth companies, they're trying to survive.

Be careful with your hard earned money.

By the way oversold is simply a myth and never rely on it for buying shares.

Shares are sold for a reason because the share is no longer profitable and is unlikely to be profitable for a number of years.

These are no longer the Boohoo and ASOS of 2015.

If you buy into a share and it goes down, then it's time to get out quickly with as small a loss as possible.

Preserve your capital always.

Never think it can't go lower. Never think what you can make in profit.

Always think it can go lower. Always think what you can lose.

This is how to focus your mind, rather than buying in thinking a share is cheap when it's not.

Sentiment i.e. investor psychology is against Boohoo and ASOS.

Too much competition. Too much baggage. They're no longer growth companies.

Always think the Boohoo share price could go to 20p. And, do I want to risk my hard earned money?

Don't be overconfident and think you know better because that's a sure way to lose money.

It's so important to look at the downside as well as the upside before buying shares. If you only think about the money you can make then you'll never think about the money you can lose.

It's so important to think this could go down to 20p because it helps to focus your mind. Never dismiss this.

The trend line is down.

Follow the trend.

Boohoo and ASOS are no longer the growth companies they once were. T

There's too much competition out there now.

Be careful with your hard earned money you could lose it here.

LONDON (Reuters) - House prices in Britain are likely to fall 10% over the next two years and a more severe downturn in the housing market could trigger a lengthy recession, credit ratings agency Moody's said on Thursday.

"Persistently high inflation and the recent spike in lending rates will trigger a correction in the UK (Aa3 negative) housing market," Moody's Investor Service said in a report.

Investing is mainly about investor psychology and if you can't understand people, then you won't understand investor psychology.

I have work to do, so please go ahead and keep losing money. It's your choice.

You're not very bright when it comes to people.

Gas and ol are still expensive which means higher costs for Boohoo.

You have to look at the business as well as the customer.

Exactly, wages are going up which means more costs for Boohoo.

Sadly, you're your own worst enemy. It's obvious to people who read anything about the online fashion market that it's going to keep going down certainly until the end of year results for 2024.

Ebitda is not real profit, We all know that. Companies use it to make them look good.

Stop the questions about Shein. I've provided you with plenty to read, however, you think you know better. Sadly, this is a sure way to lose money.

You must have invested a lot of money in Boohoo because you're so defensive.

I've invested in other shares. I don't write on their boards because I don't want anyone following me into them. I make my own mistakes and take the responsibility for them. I don't want to lead anyone into my mistakes.

I made £600,000 on Boohoo shares. You'll probably pooh pooh that because you can't cope with anyone who is able to simplify investing making money from their investments.

Unfortunately, you'll probably keep losing money because you're too arrogant to think you can learn from me.

For me, charts can't tell you everything, they're an aid in the same way fundamentals are an aid. You also have to take in investor psychology too. Look at the people on here who have stuck with Boohoo from 400p downwards thinking it's going to go back up, madness.

There's too much competition now for that to happen, cost of living crisis, oil is still high as is gas, food at 20% inflation, inflation looking like it'll last for a lot longer, a possible recession, interest rates going higher, people on fixed mortgages coming to an end and having to remortgage. Worldwide countries have huge debts including the UK and USA. Macroeconomics.

Nobody really knows where the bottom will be for Boohoo because of everything that's going on as well as investor psychology.

I'm no chartist, however, the trend line is definitely down.

Yeah it might have blips up where people think Boohoo is cheap and buy in hoping to make some money and end up losing money.

For me, Boohoo is not cheap at this price. There are too many variable against it.

Even the online market is down for fashion and beauty.

Https://www.zara.com/uk/

Take a look at their website, also they're increasing their stores this year.

Read the link I posted below about Zara.

Putting your head in the sand about your investments doesn't work.

All of them ragtrade, you have to remember Boohoo has 13 brands.

Zara, Inditex, si a fast fashion brand too.

Your risk is huge because you've got shares in ASOS and Boohoo.

Https://www.businessoffashion.com/news/retail/can-zara-owner-inditex-hold-the-line-on-pricing/

Zara, i.e. Inditex is a huge competitor of Boohoo.

In terms of the outlook, N Brown (BWNG) sees the challenges of high inflation and low consumer confidence remaining throughout the year to next February 2024 and currently expects full year product revenue to decline.

Issy51 - I think the best books to read to teach you about investing are:-

Reminiscences of A Stock Operator

Market Wizards

They are both old books however what they say still applies today.

If you want to make money in the stock market then it's about managing risk, learning, growing and developing your investing. Most importantly, learning from your mistakes.

If you don't do these, then you'll continue to lose money in shares.

The saying goes we get what we want. Those who lose will continue to lose. Those who win will continue to win.

I think also it's about being passionate as an investor and wanting more than anything to become a better investor.