Member Info for Sanchez599

Probably what the pullback was for this morning. After the falls this share had already seen to drop another 40% on what are very strong numbers is OTT.

At 12:33. 160p.

(Juney obviously short, sorry meant to be on other thread).

Obviously short...

We also have now had a double bottom which if it holds into close is another indicator in support of the probability of a reversal. For me it's just a trade so I will either be right or wrong and that's just how it goes.

It is interesting how the shorters have felt the need to drop in just because a few longs have posted. The last post from Juney is textbook.

RSI is at 33 (sub 30 is typically oversold - so clearly it's on the oversold side of the RSI, but not sub 30 yet). It needs to reclaim the 8ema at around 164. Stochastic is on the floor. I don't think anyone is arguing about the current trend here. The point is about the setting up of a reversal. Trading and investing is about probabilities. Clearly investing now is about the probability that after an extended and sustained downtrend with many indicators at low points, and a price that sits near 3 year lows, that there is upside from here and risk reward is good.

Yep and although it has made for a miserable time for shareholders once that wall starts cracking which it will inevitably do given the falls BooHoo has seen Vs the improvements being made and popularity of the brand, the shorters won't want to be left holding the baby.

Some of the most explosive moves come from heavily shorted shares. The simple question for buyers is whether they are in for that moment or not and which short closes first. Greed is always what reduces profits. For anyone buying now the risk reward is great as you are buying near 3 year lows. For the shorters they are trying to eek out very small additional profits.

Was trading just shy of 170 yesterday with clear sustained uptick in traffic and Norwegian Central bank buy in. It's backtesting the low at the moment. Asos recently did the same.

'Risky for a punt' - sounds like a solid thesis and investment strategy. Is Max still around?

Hi all hope you are well. Haven't posted for ages as sold out at 860p. I see there is some first class trolling on here at the moment. Always a brilliant sign there are buyers waiting in the wings. Just had a look at the chart - many here will know I charted many of the rises and falls on the way up in advance. This is 100% going to find a bottom v soon. That RSI and stochastic are absolutely flat lining. I would suggest that this is going to reverse very quickly when target prices are reached. It's as oversold as it gets.

Management have been very naive - the share buyback is pretty pathetic, who even cares. Invest in the business, but the underlying business is very sound and growing. That will have to out soon. It's not too far off the IPO level after all.

Remember for every share sold, someone is buying.

This is a lovely low risk entry, just above lows and with a gentle pullback for entry. It's a great trade/hold from these levels. Clearly buying bias is going to shift to online again with current covid fears.

Stochastic is just turning up and RSI looks to want to start coming out of oversold. Bought in at 1.63 today.

Yes paid. Still no reply lol but at least they are here. Atb all

Still nothing from II. I was a share centre customer before they were bought out by II, at times like this I miss their amazing customer service! They used to call you back if you messaged them within a few minutes. 2 days later and still waiting for II to respond.

I'd also add that anyone who actually watched the Capital markets day will know that the business is in very good health - I watched it all. And that's why this is trader driven, not business related.

For what it's worth, I think £22 is more likely than £21. Though I get why someone would say that!

Imo currently the SP is purely trading driven, not business driven as actual performance isn't really known at present. Marshall Wace and TRP are probably both doing well out of these moves up and down. Currently the chart is showing an equal low, which is a bearish sign. (As opposed to a double bottom - bullish) characterised by an extended downtrend. Today we have a bearish engulfing candle so there is a chance that it goes lower and has a capitulation day, then the shorts close up partially and off up it will go. It's at a critical juncture, as it was when it failed at key moving averages after the capital markets day.

Still nothing from II either.

If it turns up would you mind dropping a note on here Pete, I will do the same. Thanks, appreciated.

Thanks for the reply, with II and haven't received mine yet annoyingly.

Morning all, have people received their dividend payment yet? Thx

Lastly, what is Blackrocks current MCap? - with a higher CapEx - currently a greater NPV yes, but really confirmation of their offtake partner was the main differential in triggering their re-rate. Which comes with the optimised DFS... which BlackRock also produced. No doubt the offtake partner will also provide part of the mine funding upfront.