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Thanks guys, like you say I’m inclined to think this is on an upward trend now, only takes whispers of takeover interest and we can be in the 90’s. Just when do I buy back the remaining 20k shares, if it goes back to mid 70’s I reckon. With the background trading I’ve managed to claw back £6.5k, so into a 4 figure loss now! Tbh this is way to stressful a ride for me so will prob jump out at breakeven to something less shorted.
Level 5 guru of the boo share price, what do you think …I hold £20k shares at an ave of about £1.25. I’ve been trading another 20k shares, buying around 70p, selling around 80p. I’m thinking it’s struggling to break the 82p, shall I sell some of my base holding and buy back ‘when’ it drops back in the 70’s…or continue to hold. Thanks in advance :-)
Assume this is mirrored in local paper round the country
https://www.dailyecho.co.uk/news/national/uk-today/20131825.boohoo-launches-festival-collection-outfits-wardrobe-needs-2022/?fbclid=IwAR3nLML9NzDU-rBlDcx26h75zAVZorK-5sq3Z9zvG3RuyleZt9sTdC5q7CY
If I had just held this share I would have an ave of £1.60. By keeping a core of these and trading I have ended up with an average of £1 and a lot more shares. So I think trading is a sensible way of protecting your capital and giving you a better chance of growth. I would suggest keeping an eye on AO World, they move a week or 2 before Boo and give you a good heads up how things could go.
Fira, ramping, deramping doesn’t matter, you do your own research and take the risk on any stock. My first experience with a heavily shorted stock tho so didn’t know the effect they could have, so would have eased in more gently! Done well out of day trading these recently tho, up 20% odd in a couple of months to reduce the losses a bit.
I have a concern about the shorts increasing and also AO, who’s share price seems to follow the same path, has dropped 20% today due to future guidance/supply chain. For the first time I’ve reduced my 20k share core holding by half. Hope I’m wrong but will buy back in if it’s falls.
Hope so, what I’ve managed to get my ave down to
Interesting bit of market research, my 10 year old just got some Easter money and she went straight onto Shein to buy some tops. Told her to look on Boo and she said they, Next, New Look etc are too expensive and Shein is where all her friends get their clothes. She obviously wasn’t interested in my comment on delivery time and quality, just the price.