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Shares go up and down, BOO has had a lot of negative press since the scandal and it is time for some positive press and I feel as many others here it will truly fly and I will be shocked if the interims at the end of the month are not glowing.

Quiz posted their results today, they were woeful yet their SP increased, no idea how and by comparison BOO interims should be superb so I like many others here are expecting and of course hoping for the SP to move up to previous high's early in the year and maybe beyond is the sales are superb and the findings are the scandal are positive and measures put in place to ensure it never happens again and then BOO can run a marketing campaign on what an ethical and superb company they are along with further donations to charity to show their support.

I got out of Tesla last week, had a bad feeling about it and literally just got out in time, very glad I did and I offloaded my NIO yesterday as well, no big profits on either, but profits none the less and taken.

I think TSLA will crash hard in coming weeks/months, it is hugely over bought, but it could present excellent opportunities for some quick money but also losses too if bad timing.

Am watching NIO closely as it I believe is the next Tesla but out for now as feel better opportunities in some UK shares, particular BOO and NEX as both has results due this month.

USA market will collapse in an even bigger style in the near future, what happened yesterday is just a wobble, can see a short term recovery but come October/November the tech shares risk getting hammering and Tesla is firmly the number target for a big drop.

I am not saying this will happen but we know from other users posting helpful information traffic to BOOHOO website has being considerably higher than the year before and generally higher traffic to your website typically converts also in more sales, hence revenue increasing.

So things look very good for BOOHOO and if their revenues are below or higher than forecasted by some margin I believe they have to release a trading update RNS and as last year their interim results were posted 25th September they had a trading update on the 5th September, upon this RNS their share price that day ended 40p higher with some considerably higher peaks during trading day. If we get a repeat of that this year then we could get a trading update at 7am tomorrow, if it confirms sales beyond forecast that could cause the break out were waiting for and put us in a 330-360p trading range, maybe higher.

Not only do we have the interim results due end of month, but also an update on the investigation their new manufacturing facility in UK, if positive and with a good PR/Marketing spin this could really get the SP beyond 400p.

So here is hoping we get that 7am RNS tomorrow and then interim results even beyond any forecast, a great positive update on the investigation and solution, plus an update on the new factory.

Needless to say as others say remove the scandal, sales growth beyond forecast this would be 500p plus, but it is not, however it could get there and remember once it passes 600p the management get a 150M bonus.

Suspect the are SELL LIMIT orders, that will expire by end of day if that price is not reached, will be someone looking to exit and that is their exit price, if they got in on early dips it is no doubt a very good profit for them.

Their traffic for Boohooman April - August was massively up and nearly on par with their peak traffic for Black Friday last year, which mirrors also the online business I work for.

More traffic always results in more sales and hopefully they have worked on conversion rates too.

Where Boohoo win is their social media and using celebrities to push their brands very well:
https://www.boohoo.com/mens/collections/boohooman-eddie-hall

Yes I was aware of Boohoo man, my Mrs was just letting me know she ordered more stuff from PLT and said do you know they have Boohoo Man, I was aware yes but just sharing that my other half buys a lot from the group.

When support is this strong, it is fair to say this share SP has had enough of going down, it is fuelling up ready for a major take off.

My Mrs mentioned this too me as she buys a lot from PLT and BOOHOO and let me know they now do mens stuff as well.

BOOHOO trying to corner the market and grow globally.

Said it yesterday the top management get a 150M bonus when the SP hits 600P so they will succeed and they have until 2023 to hit that SP and higher to get their bonus and I personally feel they will hit it in 2021, 2022 by the latest.

Any big major online retailer that was strong before COVID and has switched on marketing/PR/Sales teams will only come out the other side of COVID much stronger.

ASOS and BOOHOO are shining stars of this, the company I work for was 100% in June, 50% up in July and 25% up in August on YOY revenues and September so far is 30% up.

Courier companies delivery parcels will be massively up!
Online food companies delivery food will also be massively up!

If we do not get an RNS in next few days then it is good news, business as per forecast but that does mean were going to be stuck in this 290-310 trading range, maybe a blip higher or lower.

If the RNS comes stating sales beyond forecast we will move to a 330-360P range I believe unless the sales boost is more in line with my company then we could challenge 400p. If BOOHOO are down on forecast which I highly doubt but anything is possible then it could quickly retrace back to 220p levels before settling in a 250-270p range and then waiting on interim results and a good result and plan from the investigation to push us back beyond 350p levels, but if sales are above forecast and interim and investigation results are all positive we will see this way back over 400p in October.

Totally standard procedure, they already had two pauses in the testing, this is just normal when creating a vaccine, nothing to worry about, if anything it is a good stage.

It is moving up, maybe their imminent news regarding a new CEO and good trading update due any day. :)

Boohoo can swallow up their business

Well high street is dead and they are a troubled company.
They sell through other websites also meaning they are not really in control of their own destiny.

The strong get stronger and the weak get weaker, BOO is strong and Quiz are weak. It was only ever going one way!

1 out of 1000 had side effects and the pause is to investigate and find the cause and make a solution or maybe that patient had an underlying issue, time will tell.

There is an update due this Thursday?

Also I believe BOO get the full results of the investigation on 15th of this month also to then publish in the interim results on 30th of this month and a TU could also come any day now if sales are considerably less or more than forecasted.

Well he has far better chance of being correct for once, lol!

Crazy day if we actually end it up lol
FOMO will be kicked into full effect tomorrow afternoon.

As other have said TECH may have zero to do with BOOHOO but they can certainly impact the SP of BOOHOO and in particular Tesla (TSLA) as it is such a heavily traded share.

I hold BOO, NIO (Chinese Tesla), NEX and today they are all down, the markets even if not related can impact each other.
BOO is related to ASOS which today is more down than BOO.

BOO is very closely related to ASOS though, ASOS is 6% down, BOO is 5% down.

Majority of UK and USA market is also down.

Its a cloudy day! I am hearing tommorrow shall be a sunny day!