Member Info for pipedreamer

Where is the s.p. going ?.

Shorts got burned.Magic Mike stepped in and propped it up.We may even get 43p top,but wouldn't bet on it.On the next move down the shorters and are now aware that Magic Mike may well step in at any time,this will give any correction on the way down to be more in an upward trend (pulling up short ).

I reckon he will wait for a move down and then go in again.I don't think shorters will dare to participate much at these levels as logically i reckon it would be a foolhardy mistake on their part.So lot of Bulls will be chosing their price to top up again.

Anybody that got in at the low 30's are sitting pretty.Posters who think it will rise significantly further in the short term don't seem to understand that after a nice rise,some with a nice profit may want to cash in some of their profit,and those who think it's gone up too fast in such a small time will hold off for a while.In a normal Bull market early on sudden rises that posters are hoping for,don't normally happen,percentage-wise.Only on very bad news will this go to 25p.

We shall see.G.L.A.

And wasn't to T4G.

Perhaps you should read it again,and stop getting your mate Boris to read it for you.Read it again.Could /should.

Making the chance of the next bottom a lot higher than 25p.The bounces have been at 30p 32p 32p and 32p respectively.

It could bounce off there again,and no lower as i reckon the shorters are getting nervous seeing it at 40p.

Profit taking should occur,and slowly take it down to 32p again.One more wave left!!!!.

I remember posting when it was a lot higher saying that 38p and 32p were support levels and 32p the likely bottom at the time of posting.I also said that if posters were Bullish or underwater but bullish,32p would be a good time to top up.

They should sit on their hands at the moment and IF and i say again only IF it goes to 25p,try a top up again.

When questioned by T4G,i made it clear that at these levels (circa 33p) at the time,that i definitely would not be a seller.

We will see how it all pans out,and keep updating the chart moves.I have always put in a hold recommendation,and have said before that anybody who bought between 30 to 40p should not consider selling,and put as i say put in a strong recommendation that if you were Bullish circa 32p would be a nice time to buy.

One thing to consider,if the chart gets negated and it sails on up,anybody between 30/40p and especially 32p would be sitting very pretty.For me i'm still hanging fire,as i need to be ABSOLUTELY clear in my own mind as to when i push the buy button.

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Tricky this.The Intraday low was on the 28th of September.The lowest closing price was on the 15th of June.Since the 15th of June,to me the chart looks reminiscent of a corrective move and not a Bull one.The spikes where they appear look like corrective ones.

A lot of investors think that Bull Markets start with big rises, when in fact things unfold in a more orderly manner ,with little fireworks.The upward spikes lately are i suppose as others have said,due to the "Big Mike"effect.Note the spikes have been down as well as up since the News,so a lot of difference of opinion.

I wouldn't be a buyer,but just sit back and see what it all settles down to.Wait for clarity.Thankfully these spike ups give us confidence that a more softer bottom is more likely when it comes

.The spikes up are what i was hoping for when i said i was looking for down moves to pull up short to give us a more rounded bottom.It certainly has done that.

Hopefully it means that the real bottom has now a greater chance of not being at such a disastrously low price.

I don't want to rainn on anybody's parade.What happened to Big Mike's investment in Debenham's ?.I've forgotten the exact outcome of it all.In the end did he actually lose out ?.

Although a technical corrective spike this morning,It's hell of a lot better.Looking more like a softer bottom likely when it comes.

This is such a volatile share,it's hard to read most of the time on a short time basis.

Likely to be weakness from here,and sudden up and down spikes possibly.Being a day trader in this share is liable to give you a heart attack!!!.

I was writing a long post based on warning posters of what could happen in the future based on what on has happened in the past.Mysteriously my post disappeared.

If you were in Spain they block you putting a bet on in England.Yet they can't block porn coming in.

Anybody trying to do,or actually doing good is interpreted as being a Bad person.Boris and Donald are viewed by the masses as being "Great Men",EVEN NOW!!! they think this.

We are on the slippery slope going into it seems, a bottomless abyss.

In fact one poster i saw reckoned that charts were akin to astrology.Good luck trying to build a bridge based on that!!!

They didn't use thrown chicken bones or tea leaves to work out how to build the Pyramids et al.They used math,on which charts and everything to do with finance is based.

yep t4g,take your point,you could well be right.pedro yes i reckon there's a lot of investors hovering over the buy button that are in limbo just waiting for some good news to kick this share on up.

j.bash,yes i agree there is no magic formula kicking around that guarantees success.if you find one,best you keep it to yourself,(loose lips etc).besides if you are good at things (picking horse or share winners),you will be noticed and hacked.

when i said in one of my posts before,that i hoped to see the corrections pull up shor****aning that the 3rd corrective wave (of a 3 wave abc correction)is a lot lot higher than the top of the the first wave (one,or otherwise known as a).this would have pointed to a softer rounded bottom scenario.

this is not happening at the moment,in fact it's doing the opposite.which is why i'm so peed off with this share.

let's see what happens.gla.

Not liking this at all.I'm looking at the move down from 36.29 down to 34.89 that is a definite 5 wave move.The first corrective wave up did ok(35.82,)the next move in the 3 wave correction was down.It was very very sharp,which took us below 34.89,very unusual which suggested that a "running correction" was happening.This seems to be being confirmed as the next wave up is virtually collapsing in upon itself, when in fact in normal corrections it should be taking us higher than 35.82 (the top of the first corrective move).I'm not liking this one bit .The pattern is very weak.

I don't know what to say now.I wish i had some good news for the Bulls,but it's hard going!!!.I'm feverously looking to see how the pattern on the chart could change.We are nearing 33.42,which is a minor support where it previously took on up from on the 17th of July.A bit of help now,it going up, wouldn't go amiss.

If it goes significantly below 33.42,well what can i say!!!.I do hope i'm reading it wrong,because if i'm right then i reckon i'll abandon my decision to try and invest,based on the premise that this is one share where all you get is nasty sudden drops too emotionally draining to get involved in.G.L.A.,everybody is going to need it IMHO.

Just got back in.I had a stake in Boo but sold out at a small loss.I am considering a punt one day,this is why i'm watching it closely.

Those who posted that BOO will either up or down or sideways.You should read my posts again.They made no mention of my provisos,where you track the moves from here,and therefore change your opinion as things go on as to when to buy.

TG4G,yes you may be right.You have to admit that it's been hard going with this company.Still, as i said in my post,the bottom is near, sometime,hopefully not too far down from here.Let's hope for some good news to give it some help.

Since the 60p top,i have been looking at finding a 5 wave down move that started at about the 45p mark.Trouble is there are it seems possible extension waves appeared,where you have to sit back and wait for things to become clearer.

Yes i take your point about 25p,and if you take the length of the waves it does look set to bottom at least there.The only hope for the Bulls is if the down waves get pulled up as short as they are allowed to be and the down moves are less severe.Thus tending to give a more rounded bottom pattern.

We don't want to see any sudden severe falls anywhere from here,that would mean lower lows.I want to buy Boo and i'm monitoring it very closely.Let's hope we get some good news soon that can at least stop a sudden drop.GLA.

P.S. Sorry if this seems bad news,but i must be honest as to what i see.Maybe some other chartist on here reads it differently.I've never considered myself to be an expert,but on a lot of chat sites i have been surprised at people's analysis,and time proved that i was right.For all those that are underwater,i hope i'm wrong and that it soars up.

I would have got it wrong and missed out.But i can live with that if people get out of trouble.

I'm sorry,don't you mean,"to keep this DOWN".Sorry i suppose how you read it.There won't be enough sellers to stop it from going up ?.

I didn't notice the close last week below 35p.That means since 19th of June we have been in a corrective phase.One positive thing is that the correction has gone sideways on the chart a lot longer than expected.Which means there are a lot of bottom pinchers coming in and buying.

I expect we will be testing 30 to 32p range sometime.BUT i maintain that a lot more buyers are waiting on the sidelines ready to support the share at the 30 to 32p range.So we will be hopefully more in a sideways range,which will go on for some months,and build a base.

It will be a long wait,but finally the breakout will happen,even if 30p is broken and it spikes down in a last attempt at a shakeout to 25p,It won't be there for long.Perhaps we could get what in olden days they refer it on the chart as a "Prussian Helmet bottom".

I certainly wouldn't be selling at these levels.That's the technical bit done.The Fundamental side of things is that we wait for News of what's going on trading wise at Boohoo.I leave all the Fundamental stuff to your good selves to sort out.GLA.

That it should,and needs to move up this coming week.Don't want to see any weakness this week.No diving below 35p!!!!!!!!!!!!!!!.

Very good post,very well presented,researched well, and lots of solid points to read.My take on things is only from a technical viewpoint to enable me to enter Asos at a good price.

I shall certainly look for your posts in future to give me a fundamental view as to what's going on.As i say i can obviously get things wrong,that doesn't mean that i resent anybody with an opposing view of things.Unlike HeresHopin.

You sound like a "geezer"from down the pub,using words like Numpty,Saddo,you sound like a caricature of of young person called Darren,Luke,or Lee (apologies for anybody so named with a brain).

Are you going to do that stupid footy fan dance where you pump up up both arms in front of you ?.Dear o' Dear what a disappointment.I don't short,because i'm not that certain.

Unfortunately forums are awash with posters who sound as if they are the font of all knowledge,and cannot be ever wrong and that they are 100% right.

I have always said that i maybe wrong.What a waste of time.I won't be replying anymore to you as you do not know the social rules of discussion.Sadly and disappointingly i will now filter you.