Member Info for Select64

The problem at the moment is that as soon as it goes up a bit people sell and people are looking for a lower buy in price..
I agree its a trading share short term . Very sensible comment .

Most sensible thing said today:-
PeoplePower I'm a long term holder of Boohoo because I believe in their potential global growth.
Daftest thing said today :-
Towncaledmalice

Posts: 521

Price: 341.00

No Opinion

Big Drop due to budgetToday 12:12
At least 10%
You never know TCM it may drop 10 per cent but I personally dont think so.Lets see who is correct lol.

Kayjay 66. So you are saying inevitable, as in 90 per cent or more chance of a big drop on Budget Day? Lets see what happens. I do understand your sentiment though,as I remember the 20 per cent drop on the Auditors news back in October. If it drops it drops and I will have to patient lol.Guess I should of sold last week in 370s lol.

Walkabout . I personally do not think there will be a big drop budget day. The 2 per cent online tax has been discussed back in July last year,maybe before then. It is anticipated that there will be no increased online tax in the March budget.
https://www.ft.com/content/ec4194a2-5338-418f-ae26-2a9602463b36

Noggers. If this share does drop say sub 300,either hold tight or buy more at lower SP if you are happy to be a bit exposed. I have held this share and seen it go to 250 in October .From December 16th it went from 290 to 369 pre results day. Last 3 times there has been a rise of 16 to 25 percent 30 days before results day. I think this is still a trading share short term but long term I think the SP will rise long term ( 18 months plus). Good fundamentals, needs to sort out ESG ,Supply Chain ,reputation and new acquisitions, new board members.

Its not anticipated that there will be tax on online companies in the budget.However it may be in the October budget. Inevitable big drop? This share is unpredictable in the short term so its possible. If you can buy this at a lower SP then good for you. Ive looked at 30 days before results day ,if you look at past 3 results the SP has gone up 16 to 25 per cent to the day before results.

Noggers . No I didnt buy ITM. It would of meant selling my shares in Boohoo when they were 6 per cent down when ITM was around 450.Could of made 16 per cent lol. I am going to wait for Boohoo to get into early 370s and see if I can buy back in at a lower point. I am still wanting this share to get to 400 and more but I think its a futile exercise at the moment. Best to buy in less than 350 or better still 300. Lot of other opportunities elsewhere.

Ive not sold today. Im holding,though I was tempted to sell last week and buy back when it is low. Hindsight is a wonderful thing. Im holding for now and see what happens.

Hopefully Boohoo SP will head up this afternoon.

Early gains have disappeared :-
Weatherspoons down 1.12%, Easy Jet up 3.61% ,IAG 6.3%.

At 9am:-
Other online shares down Today. . AO Ocardo even ASOS. Weatherspoons up 5.7 %, EasyJet up 6.8%,IAG 6.3 %.

Noggers .Check the online shares .They are taking a hit. Investors diving into Travel, High Street, Pubs /Restuarants following the lockdown update news. I see it as temporary .Plenty of other opportunities.

ITM have dropped from 615 to 430 in the last 5 days. It does look very tempting buying on the drop.Maybe wait till it gets to 400.

At this rate will be 300 by close of day lol. Crazy overreaction, in the markets today. May be I should sell boohoo and buy ITM. They are down 14% today.

Share price has dropped down to 336. Investors are temporarily moving to high street shares travel etc. Will this go to 300? Maybe. Will it start heading back up before results? I very much think so.Will it hit 400 before results? Maybe. Is this a good long term investment? I very much think so.

Bad News? Yes Archie Bland will be typing more bad news I guess.So predictable.

Down to 346 now. This share looks like it will drift and hopefully pick up before the results day. Same pattern . I will just have to sit back and see what the SP will be in 3 or 4 weeks time. Very frustrating.

Sorry I meant Boohoo was down 3.55% yesterday.

Boohoo SP down 3.55 % today. I guess IPs were buying into Travel,Mining and High street. IAG was up 7.45% and Wetherspoons up 8.4 %. I think Boohoo SP will recover today and over the next few days.
I guess I am not the only one who is getting frustrated with the performance of Boohoo as there are alternative investments out there ( especially as ASOS has performed better in the last fews weeks). I will still sit with Boohoo over the next few days but I am tempted to buy into Blue Prism and ITM. Both look good and may be good buying price at the moment.

Ok have a good weekend and enjoy your bun fight this afternoon :-)

Streets .Nothing to see here if i am honest. Enjoy your weekend. More exciting things to do than here like going for a walk or shopping lol !

The guy/ girl or whoever who called us ********s lol. Though to be fair he/she/it is excellent at winding people up.