Member Info for pipedreamer

Pedro,any book on the Elliott wave will do.But i thought that looking at your posts,that's what i thought you were using ?!!!!.

Remember it's best to dyor and use any out of left field calcs to arrive at the bottom.

Also remember sometimes it's not clear and you get two possible bottoms,so basically you are getting support levels where one is the absolute bottom.It should tie in with the Elliott wave.If it was straightforward everybody would be doing it and become rich.

Using Charts, and your own separate own research should tell you what's going on,and then it's a case of playing the percentages.Anything above a 66% prediction should help you decide when to have a punt.

HeresHopin,look guy,years of research to come up with a "guess"?.I already said that i could be wrong.Bit of a ridiculous comment.You have tha word HOPE in your name.I don't rely on it and neither should you.I respectfully ask your reasoning as to your opinion and what you base it on,Fundamentals ?.Feel free to comment, i promise not to be critical.

By the way i bought property at 36k in 1985,now 475k and retirement payoff paid for a flat in 1993, 38k now 250k,so no need to claim sick pay!!.

LWHL,i think i've already indicated i think.Anyway,i'll be back,with the proviso that there are no guarantees.Best to look for confirmation with other posters as to your own take on things.Well sink or swim together so to speak.

As for property,Ocean Drive in Miami was home to unemployed retired people on benefit in the 60's .Look at the prices now!!!!.But one day it will top out and return to what it was.You could buy a bombed building in London for £1 during the war.

Camden Town was home to Artists in the Victorian era,then in the 40's to 60's ,floors were let out to Irish Navvies.Since the it's become the Home once again of the rich.This latest bubble is faltering as Mortgage rates rise.

Some analyse it as a 5th wave extension Elliott wave rise.I just hope the last top of 295 (which was one of two calcs that i had done some 10 to 15 years ago),is the top of wave 3 and now we are correcting down to wave 4,before hopefully When (or if!!!!) it rises to the top of wave 5.What happens after is anybody's guess as everybody's primed for a punch up.

It's even strayed into cricket,EVERYBODY is angry!!!.If the Russian situation kicks off,or it gets even HOTTER,all bets are OFF everywhere!!!!!!!!!!.

Pedro,you need to look at shares charts where in the past they show the major tops and bottoms.Take the top price and do ANY math calc that gives you roughly the major bottom price.Just doing the % fall from the top to bottom is not enough,it needs a math calc first, then followed by a second math calc.

When you have found a number of ways that your equation works, you do the same with another share chart that shows major top/bottom and look to see if you get a match with your original equations.Do this with other shares to see if you get a continuation of your equations that have worked.

You can do the same using other points on the chart as the share price fell.Sometimes i got "rogue "figures that didn't match,but once for instance i had 140 worked out but two gave me 154 and 126,along with others that had given me circa 140.This puzzled me for a moment until i worked out that 154 and 126 average out as 140.

There is no substitute for hard work and puting in 8 hours a day for weeks on end.A guy saw me reading,while i was doing a part-time job,just for the social interaction of it all.He asked me why i read all the time while i was waiting for my next client.I answered him by saying that if you want to be very good at anything you have to immerse yourself in it all.

Like learning to swim,i said that to learn to swim you have to immerse yourself in water.There are no short-cuts.

Please look at my latest comments on the Asos chat site.Feel free to ask anything else.You are very welcome.

Thank you all for your posts.As for how i arrive at a sell on Asos,is,as i say i have done the math etc and come up with this.It's a technical analysis with no fundamental input.

"The equations work until they don't",well yes there is no guarantee with anything.I got stuck in the Eighties and decided to invest in property instead of shares and left it behind ,so money sorted.

In 2016 i went and done my research based on probability factors et al.Put it this way,in my first passion,horse racing i used to do my systems and got very accurate at predicting ROUGHLY the winning card number of the winner of a big race.BUT then,when i did 23 24 25 ,22 the donkey won.I got peed off doing 10 hours a day Monday to Saturday ( retired at 44),working out the winner only to be denied.Besides i got hacked,i had a winner at 180,next week i went to back a horse at 180 and it went to 100 in a split second between me pressing the button. I was being monitored.

So i thought that with Shares,i don't need to be so exact.If i had a bottom worked out at 230p, if i bought at 235 it didn't matter if it bottomed long term at 227p.Ballpark only,that's why i did the research.

Yes i may be wrong,one day soon i will invest in Asos,but not yet.GLA.

Basically i'm saying that you need to DYOR.Don't read all the brokers reports et al,,and think tat you have done analysis of a share company,that's other peoples analysis,do your own.Find out what consistently moves markets up and down.

The world runs on people doing Maths to do everything,whether it's building a bridge or anything else.

As i say do the math and find out which equations work.Then apply them all to your next share you think about buying.

If you get a buy point price the same in say 80% of your equations,you have something to go to war with.

Very busy at the moment.I will post a reply to you tomorrow with details.

Astrology ?.Well that's a stretch.I agree the bit about "self fulfilling",a bit like "follow the leader".I find that TA works better with longer term predictions.Boo at the moment is very hard in the short term (weekly).

There have been a lot of false dawns with Boo,and as for day trading i can't comment.

Hexam,yes i agree with your comments,except the one about guessing.Years of studying systems and staring at charts certainly doen't end up with a "GUESS".It's really playing the percentages, as regards as to what is going to happen to a stock price.Sometimes it's a bit fuzzy and you have to wait and sometimes it's very clear.Put it this way if you find algos ( i prefer the word equation ) that are correct to a 66.66/33.33% outcome,you pile them all together and look to see how many of them arrive at the same figure when you analyse a share.

Level5,thankyou for your kind comments.I am very interested in your comment about markets turning in early 1924, as i haven't looked at the main markets as a whole,technically or otherwise.Can you give me your reasoning as to why you think the turnaround is coming then,and could you be as accurate as you can as to exactly when,as i have a take on it similar to yours.

Peoplepower once again thanks for the kind words and keep up the good work yourself.Good luck all,Bull OR Bear.

And 12 hours a day sometimes. studying the waves.Basically if you find something that works,go with it.The trouble is finding it.It takes years.I'm 74,i was around during the '73 crash,and it's been a long journey of learning.Read my comments on Boohoo chat.

Look guys i have to say what i have found.Besides it's just mho.Maybe i'll get it wrong.Can i ask what you are all using to come up with your opinions ?.I'm up to learning from others.

Anyway,good luck with your decisions,maybe as i say you will be right.I'll be back very early in 2024.

Can't see why posters think it's going to go up.Based on what?.

Circa January 5th 1975,Burmah Castrol went bust,the market went sharply down.The next day the market started it's now 48 year Bull market.So those who reacted to the bad news shorted and got it massively wrong.Shares can go up on good news AND bad News.Remember,reasons are only given after a share goes up or down (not before!!!!!).

Thus the old saying,"The news follows the Stock Market,the Stockmarket doesn't follow the News.

Years ago we had the M.L.R.,minimum lending rate.When the rate rose shares went down,and vica versa.But when analysis was done, it was discovered that while the markets reacted to the news,after about 4 weeks or more the market was back to where it originally started before the rate news.

Therefore the answer to what moves markets,is not all cut and dried.So there is obviously something else in play that is going on.A lot of people rely on price action,i.e. charts.Remember it's all about supply and demand.It is ridiculous for anybody to declare (as some did in in 1929), that "the market has got it wrong"

One reason why i like charts is that when Gold in 1980 spiked at 840,then fell and rallied then headed down again.I did a measurement of the moves and came up with $250 as a bottom for Gold,and as they say the rest is history.where are you going to get a better predictor than that!!!!!!!!

Yes,a chartist that gives a Bearish interpretation of a chart,cannot see a bid for the company,that ruins his chart interpretation, AND NEITHER CAN SOMEBODY BULLISH ABOUT THE COMPANY!!!!!!!!!!.They Just got lucky.

Some on here bought because they said that Boo had gone up before,(157 to 415),and therefore it would do it again.

They should look up what a "B" wave is,same as 1932,they thought a new Bull market had started.

There is no substitute for research,not somebody else's analysis, where you end up analysing all the broker and pundits analysis.But your own!!!.That way you will get a clearer picture as to how things work.

Pity is that it takes a lifetime to realise how things work,then you realise you have little time to actually make money before you peg out.

A short cut is to find out who gets it right on these forums and use their opinions in conjuction with your own.

Any close below 35p would be very bad imho.It needs to kick on up from here,and in a decisive manner.

Any real weakness from here would be extremely negative.

We'll be here for quite a while yet.Because most charts are not in percentage moves,we must remember that the drop predicted by some, are in fact quite severe,in fact too severe imho.

It is more likely we will be bumping along the bottom for quite a while.Yes there is a chance,especially if it doesn't start pulling up short (forming a rounded bottom ) from any down moves,it may well give 25p one last chance of the final bottom.

But at the moment i'm content that we are doing this virtually sideways move.Then a breakout will occur the longer it goes on,hopefully on the up side.But as i say i don't expect any fireworks up or down just yet.Lets hope we get some better news on the fundamental side of things.

Nice to see that the 30p low on September 28th wasn't broke on the 19th of June.We are now nicely above that that figure.It needs to build on the last low from now on and progress.

Looking at the 1 minute chart,we may have bottomed on the 19th.let's see how we go on from here.

Thoughts anyone ?.

So much for trying to use fundamental analysis as a base for making investment decisions.

Pedro is looking at the Fundamental aspect of the Company,and can't see much on the horizon to turn Boo around.

Food for thought methinks,i take his point.

I asked a question some weeks ago using the Warren Buffet "Moat " principle.Boo is being attacked by Shein trying to take Boos business.I asked if anybody has solid info as to the quality of Sheins clothes.I have yet to see a reply.

It's one thing for Shein to try and attack Boo's business "Castle",but are they using wooden swords to attack ?, "read ,Inferior quality goods being sold by them".We need an unbiased opinion,before we can say anything.Anybody forthcoming ?.I open this question and i anticipate a debate about this !!!!.It's important !!!!.

As for the Chart view,it's hard to get enthusiastic about Boo's chart even when you look at a 1 hour ,1 minute or any timeframe chart.On the chart, any rallies seem to collapse in on themselves virtually before they even get started !!!.

The falls are so steep in some places that it's like a rush to get out of the burning building fast!!!!!!.

The only hope for the Bulls is that if it starts trying to form a rounded bottom.At these levels buyers should be coming in to arrest any fall,so that at least it appears that there are buyers around to form a base or bottom on which to build on.

We shall see.

I said in the past it would top at 60p,it did,said there would be support at 38p,there was.said it would reach 32p,it has.

At 60p 38p and now 32p,many posters said it would do the opposite to what actually happened.

I now say that 32p was the bottom and say now that it is going to go up from here.A share price doubles and posters turn Bullish,it goes down to 32p and posters turn Bearish.A bit late aren't they !!!!!!!.Anybody saying 14p now should have said it when it was 60p.I suppose it's down to crowd psychology ?.

We shall see if it goes to 14p,but it won't be anytime soon.The only proviso is that if it closes below 30p,it would indicate that there was something seriously wrong !!!!.Let's see what happens.

P.S. Pedro is entitled to his opinion,it's just that i respectfully disagree.

Well it was an article i read in the F.T.It stated that Money managers when put through a test, invested too much money in losers and too little in winning shares.Therefore the "spread the risk" strategy

If you had a portfolio of £500,000 and had 50 companies invested in that's 10 k each share.Forgive me any senior moment i'm 74.What is wrong with that ?.A guy once said he had 90k in Debenhams and lost the lot !!