Member Info for sharefall

Yup, my mistake. Good to see support.

Those hoping for armageddon must be disappointed this morning. I had a wedge ready to buy if it dipped. Very distracting to my day job this constant watching!!

Lots of uptick potential remains IMO. Profit taking is understandable but short sighted, even in the short term IMV. GLA

When a plan comes good. The thing about a large short position, is there is a lot to buy to close these. Upturn could last a while. Fingers crossed.

Oops. I suspect they timed this one wrong. Other shorts must be closing. Will cause a scramble to close from here hopefully. Atb folk.

I wonder if there is something tangible coming? hope so....

This price is laughable really and just confirms the herd mentality of the market. I've just banked profit elsewhere to buy more here. Time will tell if this was right but i'm pretty sure in a few months I will not regret this. All my opinion and not advice of course. ATB

Unhooked, let me clarify what i meant - post your views on the company - definitely, but i am bored with name calling. Also, once a person has decided this is a dog and they want nothing to do with the share, maybe that is when they could say their piece and move on? Or admit a short position and state their case for this. But incessantly repeating the same negative message is poor form IMV. Agree same goes for incessant ramping. ATB. We just need some civility to return to this board IMO.

Investing is not for the faint hearted and not really a short term process. I think the SP is where it is as many institutions predict in the next 12 months inflationary pressures will mean a poor outlook for performance. They have taken a position betting on this and 8% of the entire share holding is hedged on this proviso. So if the company goes bust, they win big. if it survives and inflation settles, the SP will rise dramatically as institutions close their short positions. So far the shorting folk have been proved right but equally the herd does magnify this movement.
So rather than argue about it - work out what outcome is likely and go with that. My money is staying put as IMO, BOO and online retailers will do better than those with larger fixed assets and overheads. I am also reassured by the fact BOO produces goods in the UK mainly and is not dependent on shipping stuff from the far east.
Its not easy to see your portfolio red - but TBH, if you can't cope with that, you should stay away from stocks. ATB but please let's stop the tedious name calling. We are all here to make money - if you were right feel happy and have a beer and chill. Why spend your time posting negative stuff?

These new shorts were probably lurking just below the threshold and have moved a tad above. As already mentioned in the posts below, an almighty re-rate will be needed with any hint of improvement in performance. Just load up if you can imo. Atb and this is not advice just opinion.

I don't see it this way at all. Like most herd movements, rises and drops are not refined but more a general direction, and are usually overdone. Fear of inflation and impending recession has caused a massive fall - which inevitably is overdone due to herd movements. Correction will follow and eventually for companies that adapt, a rise will happen on the way out of the recession (also note an over correction too will happen). This is probably a way ahead though, possibly a year or more away IMO.
Personally I think the recession will not be as deep or long as feared as the difference to usual recessions is now the job market remains fairly robust. This can change of course, but my sense is a recovery will be faster than in previous recessions.
The drop in ASOS reminds me so much of the movement and chatter when SHELL dropped in 2020/21 - For those who remember the chat - oil apparently was dead and oil stock was heading to penny stock status! Well I was mopping up plenty when shell was under 10 quid. Doing the same here and hope to reap a similar reward.
Anyway, just thought I'd put a counter hypothesis out there. ATB folk.

We are still making tons of cash, so why the drop in SP? This far down? Very odd. Anyway, buy backs will mop up even more shares so not all bad. I will keep holding - once markets un-sook themselves, the clamour to get back in will resume, but with fewer shares with buy backs. ATB

Easy, not quite sure about that level of OP, as demand destruction will play a huge part, but Russian drilling depends a lot on western tech - which they will not have access to anymore, so any disruption to their fields will be hard to get back to production. The next 6 months will tell us where it's going. Like you, I am not selling a bean until a significant something happens. ATB. SF

Great work Senseman. Thanks for the hard work and feedback. Atb

Charles Allan has a lovely average for his 1.1M shares. Lucky man. Anyway, this should act as a nice catalyst to propel the SP up. ATB folk. IMO, follow the money!

If the family that gained so much from selling PLT to Boo, gave a little back by buying shares at these rock bottom prices. Just a thought.

MC of 742M, Revenue of just short of 2B, Debt roughly the same as cash + assets. Essentially it is a growth company but headwinds have slowed its growth and conversion to cash flow positive is delayed. Does it justify the sorting levels? Who knows, but 8% is heck of a lot of shares that need to be bought back when the tide turns or a take-over approach is made. Holders need to now just wait IMO. The headroom for short increasing is minimal. Ignore the FUD, enjoy the sunshine and wait. ATB and all of this is IMO.

This may be true, but you can extend this logic to all listed companies with any level of debt. Does seem odd you've chosen an online retailer with very little debt. Keep your money in cash by all means. Inflation at 10% will really work for you this way. Atb

Shenanigans happen in the first hour and generally the true picture does not emerge until after this initial period. I'd wait a bit before coming to any conclusions. Atb

Big chunk taken by this hedge fund is fantastic. Less free float to close shorts with. Game on IMO.