Long Term investment12 Jan 2023 12:06
As i see it,many online companies made the mistake of trying to go too early into the American market.This happened to Tesco some years back.Ever go into a Publix supermarket over there ?.Just walking around it gave one the an impression of David taking on Goliath!!! (but not with the same outcome!!).
It's been confirmed by most that all online companies expanded too fast,and are have now moved (or are still moving) back to a more realistic S.P.
Idiots still refer to "the High Street"as a yardstick,when comparing things,which of course is ridiculous.Debra Meaden let the cat out of the bag when she pointedly replied to a pitcher on Dragon's Den that "the High Street is dead,it's not coming back",meaning long term it's finished.
I came on here some 6 years ago saying that eventually everything will end up online.Covid accelerated it.The S.P. has now discounted armageddon,and circa 31p now looks even stronger that it was the bottom,but with a few reservations.
I now think that this is a definite case based on charts and everything else,to be a case of looking for a breakout to happen on a chart before investing in Boo.Somebody posted the other year that better to miss the first 10% of a rise and get a confirmation rather than keep jumping in and losing 10 to 15%,because you got the bottom wrong.,and it sure turned out to be good advice .How many false dawns did we have on here!!!!??.You can always get in on a pullback.
Surely the Boo Update can't be that bad !!???,one imagines !!??.Surely they can't **** it all up ?,the figures won't be THAT bad !!!???,surely ??.
If you bought at circa 31p,a good call,all you have to do now is to sit and wait.Online has always been the future,and i'm sure all the Pubs ,small shops and even bigger shops in High Streets will be turned into Amazon Boohoo etc hubs.
G.L.A.