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speaking to a few trades people about getting a few things done to the house and they have noticed the drop off this year, they said 2020/21 they were fully booked as people were spending money on their houses. Not this year, people will be going on holiday.
This share is a nothing burger
Is anyone surprised with the results? I am not. If you are then you are in the wrong game. This is a buy and hold stock. Short term holders will no doubt sell. I am hoping for a big director or institution buy soon though at these prices.
I' not too sure who is left to shake out of the tree, I am a bag holder at the moment, but I have no intention of selling any shares, as Boohoo is a profitable cash rich, debt free company. It has been at this level for quite a while now, so this looks like it is the bottom. The likelihood is if it drops more will encourage further buys rather than sells.
As always Buy the rumour Sell the news. Everyone expected this news, therefore the result was already priced in.
Hopefully there will be positive rumours around leading up to the next key date which will push up the price.
https://www.youtube.com/watch?v=G_nOXbNetVQhttps://www.youtube.com/watch?v=G_nOXbNetVQ