Chancer.3 Jan 2019 12:07
Agree with what you say,tho Robot trader did pick the 140 bottom last year as well.I suppose posters put their opinion forward and then it's up to us to us to make our final decision.
We are all likely to be right and wrong with our opinions,and we hope to be right more times than we are wrong.
As for private investors,one hopes that they have learnt the basics of investing,to the point that they read all opinions of Analysis and then make their best decision based on everything they know.
.I can't believe that some councils have bought up shopping centres to "regenerate the High Street",and to use the income from them to pay for social services.MAD !!!.The high street is dead.They will survive, albeit with specialised shops,a bit like Brightons Lanes area,tho you still would need the right sort of customer,supposing in the first place that they are there !!!!!.
I never thought that I would see Boohoo back at these levels.Totally due to the U.S. sell off and Brexit worries.
They go on about being in a Bear market in the U.S.But is it a Bear Market or a correction in a Bull Market ?.Chart-wise i had the Major top of the main marketsa lot higher than this, and i believe that we have to see what happens after the circa 6500 rally.After a good rally it would need to push on from there.A retest of the low point would be ok,but we would have to be on our toes watch out for the dreaded so called AB base on the chart.Strong nerves are going to be needed.
One guy on NBC said that he would prefer to wait for a confirmation of a resumption of the Bull market,rather than trying to pick the absolute bottom.In these trying times,that may prove to be the best policy.
Final decision is up to us.But consider a look to the future.Gridlock on the roads,parking problems,weather conditions [too hot ,too cold],and people having less time in a day [I know one married lady who gets home at 9 at night,and then has to deal with her 2 children and working hubby.Basically she's swamped.],and you can see that shopping isn't now, or in the future going to be much fun!!!!.
So online will reign supreme one day.So surely long term,presuming our leaders here and in the U.S.,and China et al
can settle their differences,Boohoo will do well.