"Apollo buying,will boom tomorrow."17 May 2023 10:06
We are in the middle of a rally,but it won't go up after a spike,it was going to do this anyway today.That's the reason why it has tracked lower today,and to all those posters who yesterday said "Boom tomorrow",i suggest, READ THE CHART!!!!.
Boo is going to go sideways for a while.
I don't practice Schadenfreude,i take no joy in posters being underwater.As i said in my recent post,if you are a Bull of Boohoo and want to improve your average,i suggest circa 32p,a tiny bit higher if you wish as a point to top up up..Remember shares don't go up in a straight line,(unless it's a "B " wave BEAR market rally as in 157 to 415).Shares do pullback,as in the correction now going on from the 30p up to 60p.Have patience and hold on.
Warren Buffet's "Moat surrounding the castle "principle means that Boo is under attack from Shein,who are trying to compete with Boo.The argument against Shein is that they are attacking using wooden swords (read poor quality clothing, and in the end will fail to hold on to their market share).
I believe comments have been made about the quality of Shein's clothing ?.Is there a definitive unbiased article out there about it ?.
Any info at this point would be useful.But it must be unbiased.