RE: I have been a retail auditor myself.30 Aug 2020 11:18
Online as a percentage of total retail sales has grown 10% compared to February 2020. Boohoo were profitable then, so they sure as hell will be now. More people are flocking to online shopping - much more than will have 'boycotted' Boohoo.
RE: I have been a retail auditor myself.30 Aug 2020 11:14
That's one interpreation. Another is that the recent article is a sign that there are people trying to make quick money off the back of one news story that has not developed or worsened. All that shows me is that there are opportunists in the stock market who will rinse and repeat with a news article until they can affect the share price no more. The bottom line: this second wave of the news story will be less damaging than the first; and if it happens a third time it will almost be negligible.
Two reasons why people are shorting this: a) to make a quick buck from the short iteself; b) to drive the price lower so that accumulation at lower price levels can take place. Let's be honest - no one for a second thinks Boohoo isn't selling clothes in droves right now, so they are both very plausible.
This is not some pump n dump penny stock company...30 Aug 2020 11:02
This is a serious growth business with lots of people looking to make huge sums if it grows as projected, and miss out on huge sums if it fails. The only negative news has been this one story with suppliers which clearly isn't going to get worse because of the sheer amount of money riding on Boohoo doing well. The set up on Friday was clear as a day - a short orchestrated attack which caught some private investors off guard and panicked them into selling. SP already begun to bounce off 268 and closed around 10% higher than the extent of the drop. Compare to the first wave of this news piece - the SP dropped violently and without respite for days. So, either it tanks 15% on Tuesday or it regains another 10% quickly like it did at the end of the session on Friday. It won't stay flat as there is no indecision at this price point - it's either a steal or a massive risk and we all know that buyers have been confidently accumulating and adding from 200 until 330 even with the knowledge of supply change issues. If this doesn't close above 305 on Tuesday I will eat my foot.
Yep, bad weather, masks and rising cases are all causing the dreary and lifeless vibe at the high street right now. Online has another half a year of not a full year of dominance to enjoy. That will be huge for our profits.
It's based on previous price action, volume and accumulation and candlesticks as well as context. You're probably salty because more thought has gone in to my prediction than yours "oh big drop incoming" or whatever. The plan was to scare people out of their shares and that has been done. Don't be salty if you pay a higher price to get in.
?? agree with you mate. Just considering the worst case scenario based on sentiment and previous price action. I think there will be lots of buy orders stacked at the open for 280-290 and we may see a small drop if those lower 80s orders get filled and people panic, but 268 will be absolute extent of it before a rapid climb back to close above 285.
Just think: the high street has been empty for months and will probably be for months to come, especially during winter. Be careful if you're looking for a discount next week, we've already seen a steady rise from 210, so the confidence is embedded sub 250 for sure. You'll get 30 pence off if you're really lucky, but I highly doubt it will touch sub 268 again.
Right, so people suddenly realised that yesterday afternoon, causing an immediate correction to fair value? You plonker - the press release targeted attacks on boohoo at strategic times to cause panic selling - shorts made money, and plenty have already bought back in. Next week worst case scenario will be around a 5% down day, and then a recovery. People have already shown they value this stock at 320-330 in the current setting, and 270 got eaten up pretty convincingly yesterday. This will be over 300 again next week, no doubt about it.
Shutting down for the weekend, already back in profit again28 Aug 2020 16:01
Could sell now out of 'fear' but I believe in this stock and there is no doubt in my mind in a few months we'll be roaring past 400p. Get in now, get in at 300, doesn't really matter in the grand scheme of things. Wait for 230? Now that is far too cautious and will cost you in the long run. Enjoy the BH all
RE: Look at how much buyer interest there is at these levels...28 Aug 2020 15:48
You're the fragile one, not us. We never said the SP was immune from further attacks, but the question is, how easily swayed are you from your shares? If you are easily shaken, you'll struggle to make good money.
Come on guys, gone are the days of -15% day after day...28 Aug 2020 15:36
This little nugget was a shock and caused some panic, but on reflection, nothing new or damaging here that we didn't already know. Some selling will get done now but by Tuesday the situation will be under control.