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The mothballing of a warehouse would of been a surprise, not a good look. While needed to control costs, it just looks bad from the outside.
For anyone selling their shares I would imagine Mike Ashley willing be hoovering them up
I don't hold a position but am hovering to sweep up some shares when they hit rock bottom
Rather than averaging down, I would prefer to buy shares in that company with a new trading app - then at least you can review that position separately from the other and depending on shifts in the market you can have a separate strategy.
This will never gather legs - surely it will open up a can of worms. The stock market is basically a casino, that there is no doubt, buy crying when you lose aint gonna wash. In the US Robinhood removed the buy button from some stocks which is basically fraud, and they got away with it.
Https://www.youtube.com/watch?v=S2Z8WIlaPH4&list=RDga5qfM2-kog&index=4 - keep going baby the future is bright. I'm with Mike Cashley.
I agree Bike Mikey is up to something. However John Lyttle has to fall on his sword. the performance is awful and the strategy, which worked in the past, is no longer working. Boohoo has gone from beig one step ahead to several behind the competition.
The only way this price is going up is:
a) Director Buys
b) Takeover potential
c) an RNS update from Boohoo that they are outperforming expectations (which we know isn't going to be anytime soon).
Otherwise this share is going nowhere. It will continue to hang around the 30p mark. Shorts will stay in unless 1 of the 3 above happens.