RE: 4 year anniversary of IPO2 Sep 2024 14:59
As I've said before on here.
Fortunately I sold my 360,000 Boohoo shares which I'd bought at 27p in 2015.
I learnt my lesson in not believing that the likes of Shein was a huge competitor to Boohoo when it was a huge competitor at the time and still is.
I could have made nearly £1.4m on Boohoo shares if I had been honest with myself and did more research at the time on Shein.
I kidded myself that Shein weren't going to be a problem for Boohoo.
More fool, me.
Just like so many are kidding themselves today about Asos, Boohoo, Revolution Beauty and THG.
Don't make my mistake.
I did get out of Boohoo with a huge profit, however, it could have been double the profit if I'd opened my eyes and did the necessary research on Shein at the time.
Sadly, shareholders take too long catching up with the market when it comes to falling share prices.
Shareholders only realise when it's too late.
The problem with people who hold shares, they believe they're so right and everyone else is wrong.
I did the same with Boohoo, thankfully, I got out of Boohoo with a huge profit. It could have been an even more huge profit, if I'd been open at the time to investigate what the negative posters were saying about the Shein competition.
A lesson well learnt for me. Never ignore negative posts. Always research everything in negative posts.
Share prices go up exponentially when investors and the market see loads of possible growth for the business.
Share prices go down exponentially when investors and the market see little to no growth for the business.