RE: BOOHOO E-SHOT's, like everyday is a sale!7 Oct 2020 12:51
This!
I will say it again BOO is an awesome company, great profits, great growth and is a fantastic success story.
But in the next few weeks there is no positive news unless BOO have a surprise. In short Dec/Jan is when we can expect more amazing results and factory news, but between now and then there is weeks/months of media, MP's and shorters attacking BOO.
Kamani and the BOD could could of done further investigation, could of been tighter, could of run the company by the book, yes their ability to adapt fast and spot new business opportunities is what makes them unique but their methods also brings dangers.
I will say again why did Kamani hold his phone call / video call with Levitt who was doing a crucial investigation into his company and its ethics from a hotel and totally unprepared, that screams like someone who does not care or thinks they are above the law. Or maybe he is totally confident of doing no wrong, but the simple fact is he could of being far more professional and far more polite and taken it more seriously, instead he gave her a bad vibe and in turn gives investors a bad vibe.
You cannot run a huge worldwide public company like a small company, any wrong doing whether intentional or not will be found and highlighted and could cause major issues and if the fact there seems no real fight is worrying. Are they silent because they are doing everything they can to try and hide more wrong doings and feel they are or might be guilty or are they silent because they are truly innocent, that is the gamble and in the short term will play on investors minds and is why the SP is dropping every day.
What will the close be today? 325p? Tomorrow 315p? When does it stop? How deep into the 200's can we get before the share reverses and by a reversal I mean a sharp turn around, not a 1-2 increase that Peace123 likes to scream about and lie to us about L2 order books filling with buys, I mean it jumping from its said affair of 328p to something like 355p in a matter of minutues, that is what it needs.
Right now sub 300's look a distinct possibility. Sell lock in profits and buy back on DIP's or when you believe it is truly stable.