Of course - the likes of chrisengland may make an appearance if boo were to dip below 300. They just like coming back on when their agenda is being met, but when it isn't, they don't like to come and admit they've made a costly mistake.
How sad, that you have to pretend to be doing so well on the stock market when actually, real investors just make money or lose money, and that's part of the drill they've done it so many times. He must be a newb (within 2 years at least).
Of Boohoo's nearly 9 million active customers (was 7.2m in 18-19, 6.4m the year before that - how's that for growth) many will be young working professionals or students in the process of becoming working professionals. Student loans and salaries from stable graduate jobs will keep the bulk of the money flowing - those who lose jobs will still be entitled to financial support and may not spend as much as usual, but may indeed be snapping up more in the clearance areas.
WYNDRUM - Do you remember when you dismissed this as doomed to stay in the 200s, merely a couple of months ago? You thought this wouldn't go above 300 and look at it now. You are either salty that you missed your chance and are trying to get the shares cheaper by deramping, or you have an active short position (which I doubt).
Boo beat expectations by a shocker - based on sales during the height of the lockdown. Society is much more open now, so need for new outfits is even more so than before.
Now a curious watcher of Cineworld...04 Oct 2020 09:28
I have no position - never had. However, with today's news about all venues closing, I am taking a keen interest. A) Will the firm fold completely and go into administration? B) Will the firm make a recovery later on in the year?
If B, I am looking for absolute bottom before buying on the way back up.
What do people think ABSOLUTE bottom will be if this does not fold? Plucking a number after looking at their charts, I'm going to say potential for 75% drop, which could mean the shares are headed for 10 pence.
RE: Getting ready to load up large next week...03 Oct 2020 16:21
clairesmith: the fact you think the price should sit between 250 and 300 for the rest of the year shows me you don't really follow the price action and volume that closely. Weeks before the ER hype, this was sitting around 310 and would keep sniffing 295-300 range - and shares got gobbled en masse. This share may flirt with 300 again but to sit between 250 and 300 is absolute madness and shows me you're not closely looking at the way this share is traded. On a personal note: I would love to see 250 again, as I would double my position in a heartbeat. Unfortunately I think even 300 is a pipedream. We can consider just below the gap at 340 as likely, but not sub 300.
Getting ready to load up large next week...02 Oct 2020 19:58
If SP continues to sniff at lower prices, I will be setting up for a moderately large buy. I guess anything sub 350 is an absolute steal at the moment. COVID is causing more uncertainty in the markets - so consider this "second wave" like what happened in March - we dipped to 180 but this time, expect 300 as an absolute bottom. I will be adding on the way down to 300 if next week is bearish. I love this stock. :)
RR bounce of psychological level, still v bearish02 Oct 2020 19:50
Next week this will breach 90 pence a share. I claimed last week 130 would be breached, and I was right. Do NOT buy this yet - many have been trapped here at the 102-113 level, and they will be selling once this dips below 100 as their motive for buying was "bounce of psychological level 100" - the fundamentals haven't changed, this company is bleeding money. Wait for 80 before considering putting a small amount in. My advice remains the same as last week.
People just need to realise that the stock market is not predictable like they imagine. People panic when time passes and they don't get their return - but the stock market always favours the patient.
The market knows there are many impatient people around earnings releases, and that is often why you see so many duped and disappointed at a non-break out or a tank, on good results. The market just isn't going to pay you for a night's worth of risk and work. The market favours the patient, the sensible, and as long as the business fundamentals haven't changed, the sentiment can waver but that doesn't reflect long term outcomes at all. It's, just, noise. Step away from the computer screens for a week or two if you are really feeling hit by the correction.
Sorry to hear people selling out here...01 Oct 2020 18:25
This is what the market will do to some people if they let their emotions run wild (no offence intended). You will be thrashed around by the markets until you psychologically cannot take any more and just want out. That is exactly the sort of mentality and behaviour you need to avoid, if you are going to be successful long term as an investor/swing trader. I wish everyone the best of luck and you have to do what is right for you, but investing in stocks should be easy if you remain detached and open to all possibilities happening. The main thing with boo is money is moving - it makes money, a lot, and there is no hint of that stopping. So, the share price will grow, it just might not do it in a straight vertical line, like many impatient people hope for. Remember - low and slow, confident and composed.
Would like to think we can resume normality soon, but be prepared for a another day of turbulence. COVID is causing some uncertainty in the markets again. This virus ain't going away any time soon, but we know it benefits Boo's profitability, but unfortunately it makes the market irrational and jumpy (even more so, than usual). Sit tight, mid oct we should be well past this bump in the road. Just imagine where we will be approaching Xmas. :D Dollar dollar bills y'all.
RE: Sorry guys... I hope you were able to get some out...01 Oct 2020 17:17
ROCKON - Sorry to hear that, it's difficult to bite the bullet and take the hit, but well done for doing it now rather than later and losing more. You will claw your loss back, it may seem like a mountain at the moment, but bit by bit, good investment by good investment, you will start to see most of it back soon. What comes down quick, can go back up quick (I'm referring to your account balance, not RR stock price).
Sorry guys... I hope you were able to get some out...01 Oct 2020 17:10
If still ivested, you could hold on or you could sell before it breaks 100, because it will, and when it does, it is doing to head straight for 80-60 region. It will probably sit in double figures for a while before either tanking completely or rising back up, but it won't be quick.
RE: How shadowfall are doing with their short?30 Sep 2020 14:07
Hargreaves also got screwed trying to short Boo. You would've thought shorters would've got the message and moved to something like Rolls Royce. This is a growth stock - do not short it if you actually want to make money!
How shadowfall are doing with their short?30 Sep 2020 14:00
I wonder if they are happy with their little chump change, 5% or so they must be sitting on right now. They will be forced to close soon as keeping it open over the weekend will be a big no no and they could get wrecked hard.