Pokerchips - it may well be that (and may well be a big overreaction to what are all obvious things anyone should have surely considered anyway AND still are forecasting growth despite an environment which may or may not be as tough as they think).
It's quite staggering - both boohoo and ASOS down similar amounts today.... Yet the ASOS messageboard has little more than 10 posts and no ranting. This board has over 200 posts and what appears to be a competition to see who can be the most infantile twerp. You really see what people are like on these days!
Knowbodyyouknow - Taking emotion out of investing is something that's a lot easier said than done ;)
That chart of psychology won't tell you if it's the bottom or not. However, thinking of that not consequentially but coincidentally, you'll find the traits from the point of maximum financial opportunity regularly do occur at the bottom.
Whether it's the bottom or not will now be less to do with PI psychology and more to do with general market activity (i.e. this sector not being hit across the board) / the logistical picture improving / any buying ahead of the logistical picture improving (market always front-runs recoveries).
The "buys/sells" aren't reported full stop. There's no such thing as a buy or a sell....and they're all just going from one place to another. The "buy" or "sell" indicator or color is just made up afterwards as a guess - based on whether it's a trade above or below the mid-price of the spread.
Southcoastbather oh you're using the unadjusted figure to exclude exceptional items and therefore make things look worse and try to read forward from it. Nice try.
Are you saying the RNS is wrong? Because it's there in black and white and there has been no correction. Which there would/should have been ages ago if it was.
southcoastbather - another load of horsesh*t. It's been barely a few weeks since they updated to forecast "adjusted EBITDA of between £117 million to £139 million" when the results come in a few months. Yet you seem to think it'll be 40 to 45 (PBT being little diff generally). That's just crazy and blatantly wrong.
No LDLD - most of what he says is nonsense. The share price has fallen because there's a global logistics crisis. That is essentially it. It's why you see the exact same pattern for others like ASOS.
You can say this justifies all the silly rants about the BoD but that's clearly just nonsense lashing out because of the share price.
The simple fact is there's an awful lot of posters on this board who behave like whiny little b*tches, because the share price fell, due to a logistics crisis. THAT'S IT.
Going to be an interesting day. S&P took a big hit due to interest rate mutterings (isn’t that all the fed ever does - it can’t actually change them much without bankrupting the country). These other online retailers showing great numbers. And online retailers generally having performed inversely to the market lately.
I wouldn't get your hopes up Treacle - I don't think the China shipping data is showing any signs of a drop just yet....however obviously it would be nice if they are right ;)
They're 2.11% short on Boohoo and 1.5% short on ASOS. That's about £35m short on ASOS and under £32m short on BOO. Their short on ASOS is bigger and not worrying. As the others say, if you're that worried, just sell and buy something else.