Just to be clear,as i don't know about fundamental analysis,i(and every investor) still need to know when to buy.
Personally i see it going lower,sub 350.Then i'll look again.
Thanks for your reply.So to be clear are you saying that at this price today, it's a buy ?.You have a "no opinion" listed.Thanking you in advance for your reply.
I fear that the medias perception of how bad this Winter is going to be is somewhat underplaying the fact that most small (and even larger ) eateries are going to get wiped out.
BUT when the dust settles Wetherspoons will survive,and when things return to normal.they will be one of the only places worth going to.(or to put it more bluntly,one of the only ones left !!!).
The key to it is when to buy,and i shall be looking at the chart closely,as to when to jump in.
Surely, after the Winter carnage that's going to happen,where small eateries and Pubs will fold wholesale,Wetherspoons and Mab will be set fair to virtually corner the market when the dust settles ?.
I fear all these small family run eateries will close wholesale.It's going to be gruesome !!!!.
Boohoo is a very volatile chart,and therefore very hard to analyse.It depends on where the starting point is. There is the possibility that it bottomed on the 10th of October (didn't it touch 31p ? ).
There is nothing simple about Boohoo.It's a complex chart to work on.It is much better and easier to concentrate on companies with a more simple chart.All shares are tradeable at a good price,even ABF,the "boring "one.
Can you tell me how you arrived at 25p please ?.I need to know so i can check my own calcs.This is a serious question and your reply will be treated with respect.
Thanking you in advance,and methinks you know your stuff.
Buffalo Ben,yes take your point,but this is a 90 per center.These tend not to end well,bit like juggling chainsaws !!!!.
Maybe next February something will happen.I haven't gone through everything with this share,as i've virtually given up on it
I really don't like being the harbinger of doom,but this share is getting ridiculous.The falls are so steep i can hardly work out the movements.Oh for a day when it does measured moves instead of a straight decline that we saw from 64p to 39p without the faintest rally !!.Good luck to all that still hold.
The reason why i sold last week was that the rise from the low of 39p went to 48 ,fell , then rallied up to 46.
This we now know was a 3 wave corrective move.So poor was it, that the 3rd wave couldn't even get above the 48p high of wave one.(as what normally happens,the 3rd wave being NORMALLY the longest).
So you see,the chart is incredibly weak still.I have calcs for the next support if it goes below 39p,but it's very low.
Long term holders that are well underwater may feel like chucking some dosh in it at the next support level,as a last chance to save some of their money.But with this share it's bloody dicey !!!.Remember,only buy some IF,I'm not saying it WILL go down to the next support level as it's very low.But if it does reach it,well you might as well give it a go.Virtually, it will be the only chance of making a bit in this share.
sorry for all you on here.I'm leaving you to suffer Ocean Passage's comments.He really is going to help you all !!!!!!!.
Really helpful.......
To add,obviously my earlier post wasn't for your benefit.It wasn't for you.We,ve never had a discussion before.
Ocean Passage,if you had read my previous posts on here you would realise that what i said today was for the benefit of posters that i'd previously had discussions with.
Try not to jump in half way through things.Makes you sound like a, "geezer from down the Pub".
You have only till recently posted on here.Is this that you think that the REAL absolute bottom is near ?.Are you only a short-term trader,(a quick in and out ).
Whatever,give us your reasoning.all comments welcome,TA or otherwise.
Sold out of my small holding in Boo.I could have leapt in at 100p for a 30% gain ,66p for a 50% profit,on the way down,but bought at 58p as i missed the boat at 51.4 as i was waiting for 49p.The first signs of trouble was when it went down to 57p,it rallied to 64p and was still in the game,until it closed below 57p the next time.I decided to wait for a bounce so i could get out,but so weak was this share that in a straight line to 39p it went.So bad,no rallies!!!.
39p of course was the next calculated support level,but i had already decided not to play again.I don't see any hope for this share as my calcs see no long term situation here.Not for quite a while at least.Even then who would want to have a heart attack,trying to guess this share !!.Yes it may go up a bit from here, but this is a right pile of crap.
I saw a post on here where posters were belittling ABF.Well they are tradeable,and better to make a nice 20/30 % in a so -called "boring share",than to get involved in the AIM market where a share loses 90% !!!!!!!.Too volatile by far !!!!.
I've been on this board since 180.You say you came on at 100p ,and were very critical of Boo and got abuse.
I don't recall you at all,or any of your posts.
The "phantom" that you are referring to.Is it the same as the "Air Pockets" as described in the 1929 crash,where shares were marked down ,even though no shares had been traded ?.
Agree entirely.
The truth about something or anything cannot surely be at polar opposites.Something is either analysed as bad or good or somewhere in the middle ground at worst.How people can read things and come up with negative AND positive analysis of something is beyond me.
Even when it comes to analysing a companies set of results posters arrive at opinions at either end of the scale.
So much for Fundamental analysis !!!.As for how it affects S.P. it seems to be irrelevant.How can this be ?.
We have arrived at a ridiculous situation,where it seems that 50% of posters on here, MUST be wrong in their thinking.
I ask them,if their track record is bad (analysis -wise ),(and only they know if they are good at share picking),would they kindly leave the room !!!,and stop confusing the issues.Read who has a good track record,and leave it to THOSE POSTERS to guide us.Simples !!.
and end up spending more money !!!!
As Debra Meaden uttered on Dragon's Den a few years back (before Covid),"the High Street is finished".