Member Info for SimonPassmore

Lol. There has been some back and forth on here but people that think there are paid posters need their heads examined.

Reardon

You also put "
Investing - I wish I hadn't touched this share, has been nothing but losses since I bought in...Calamity.

May take a couple of years to improve"

I know i have bantered on here, but for you which one is it? Wish you hadn't touced the share or topping up at these low prices?

Articles like this don't help boohoo:

https://seekingalpha.com/article/4565757-british-clothing-etailers-are-struggling-should-you-buy-boohoo-or-asos

I should have shorted more after all! Falling like a stone.

I've dipped my toe in, but hardly anything. I did say I would wait until a definite upturn which I haven't obviously done. Be interesting where this ends today.

Under 30p coming? Just sinking and sinking.

Thereal - indeed, I was bantering and joining in winding up the longs. Usually short and boohoo/asos/crapita have all been fruitful. Didn't really see 15p, nor 20's but the way things are, high 20's can't be ruled out. I've bought a small amount, lets seenwhat happens. News today wasn't good that things were worse than forecasted. Still happy this will hit 50p next year, just not sure where the bottom is.

This could well fall into the 20's. Didn't expect it to but it certainly looks that way.

You buying soon jongle?

Wonder if he was disappointed with a £2 woman's top?

https://www.dailymail.co.uk/news/article-11565453/Moment-Christmas-Grinch-caught-CCTV-stealing-package-hidden-wheelie-bin-moments-before.html

Agree with the negative points about a fire sale, loads of stuff being flogged at a loss. But tough times needs drastic action and better to get some of your money rather than nothing.
Shorts are still very high, but have reduced. Yes, some are now just under 0.5, but ultimately they have still reduced. Will buy in tranches as I said and sell when the economy improves.

But do agree they are getting rid of some stock at a loss. Some insane discounts looking at their website.

There is a lot of tat, that's deffo the case. But who's better? Asos? Same sort of stuff really. Legend of London jeans are popular now, very similar to what boohoo offer. House of Fraser see themselves as more designer but all of it is made in the likes of China, Bangladesh, Vietnam etc. This tat will still get bought and Boohoo have some decent brands under them now.
Sp could still fall as I said, but medium to long term, there is great money to be made at these prices. This and Asos had been a great short, but it's a bit risky at these levels.

Just going to add, I don't see this flying next year but when I have finished buying , if I have an average of say 40p, I will then sell at 50p or so. 25% and then move onto the next opportunity.

Pp1 - only for people who haven't done their research. This will climb next year, so people getting in roundabout these levels will make money. I have started buying small tranches as it could well drop some more. Still, buying tranches now will reap dividends in a year. Not literally dividends but you know what I mean.

Just looked at the boo website, some insane discounts. Some will be selling at a loss, there were a pair of trainers for £6 ffs.
They should look at increasing their sports range, start selling decent running shoes.

Between A and B.

It's started for sure and will continue, but for a lot of people, it's a "recession". Yes, Boo's customers will have been hit and will spend less but mid 2023 we'll be in a much better place. Everything is always overblown, this won't be any different. I still not buying yet tho.

Has provided great shorting opportunities but there will be a lot of screaming buys before too long. As said before, I will wait and don't mind buying above the bottom as long as the price then continues going up. 6 months time and everything will be up

To be fair, plenty of people can afford to jet off where they want. Some might be feeling the struggle, I personally don't know any and have carried on as normal. A lot of people unfortunately are awful with money (person on UC using a food bank but still smoking and getting their nails done usally the norm). This reminds me of the hysteria in early 2020.

Boohoo are in a pretty strong position, just have to wait until things turnaround.