The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Then it will track upwards for the rest of the week. I don't see any huge gaps up or massive rallies, but consistent buying and accumulation. The majority of us know the potential of this stock far outweighs any negative news that is circulating at the moment. The smart money have already made their moves and formulated a plan of attack which seems to have passed.
Stop losses are more for day/swing traders. If you're investing and thinking long term, a SL is actually harmful, as the MMs often try and swing price to take out peoples' SL (known as stealing their shares). You're best off with a plan and a mental note of what you will do if price hits a certain point - HODL is a perfectly valid long term strategy (Bagholding).
Amazon obviously worked out that sales increases due to the publicity of being in the news for removing BooHoo would far outweigh any of their sales of BooHoo clobber and hence saw an opportunity for virtual signalling, publicity, exposure and profiteering. BooHoo just got used, that's all. Karma has a way of balancing things out and all the crud that Boo is experiencing right now will earn it fortunes in the future.
https://www.bbc.co.uk/news/health-53392148
Just what BooHoo want. The chips are stacking up now - too many things are favouring BooHoo making an epic comeback before Xmas 2020.
I think we have a bottom here ladies and gents. Supply and demand seems fairly balanced, it's chugging along, consolidating. I predicted last week today would be a down day / flat day, and then tomorrow we would see the establishment of the new uptrend. I still strongly believe that based on past price action and sentiment being strong at these levels. The lows of COVID19 were bounced back from hella quick. We are nowhere near that level of fear or panic. The worst has been and gone - large funds and big boys will be waiting for the right time to break this out, trapping the most shorts and creating the most FOMO.