The awakening29 Sep 2020 14:10
Hello everyone! I have been here since the very beginning buying into Boohoo when it dropped to around 190p then jumped straight up around around 315, then down again etc. Its been very interesting to read everyone's posts for the main part. The derampers ****ed me though, and unthought through opinions hehe.
I held about 12K in CFDs even when they dropped to 266 after the last newspaper article as I was sure it would spring straight up which it did. I was luckly online as it was going down fast and manged to pump more money in to boster the margin otherwise I would have blow the account. Now I hold 17K of CFDs increasing everyday. I also hold all other investment money in Boohoo breaking all the 2% rules of investment as I believe so much in this company. I sold Shell at 298 and Premier to top up about 5 weeks ago and dont regret it.
The question we need to be honest with ourselves about it what will probably happen on results day:
My opinion is this: I don't believe it will shoot up to £5 plus as there may be a governmental inquiry especially as parliament feel Boohoo were not honest with them , and all this negative pressure from the slave labour drama is still weighing down on the price. This negativity will scare off alot of timid investers and some interested additional institutional investors for the time being. There are also fears of profits margins being reduced due to reorganisation.
Anything less than the expected increase of 25% mooted earlier with definately sink the price tomorrow. I believe it will be around 35-40%. This would mean if there was no slave labour accusations the share price would be probably around £4.50 tomorrow. How it is with the Slavegate scandel I would expect a price to settle around £4.15-4.20 - with all the Boohoo price spikes and troughs, and these can be wild as you know.
This is just my opinion and I hope Im wrong on the upside!
Longer term this share is stellar!! Short to midterm put your seal belts on and get ready for the ride of your life!
The truth is the company is amazing at making money, but fear will take alittle while to kick off and allow the share price to reflect this.
Steve, I feel for you with the Alba CFDs. Why didnt you ride it out - fast down, fast up - thinking? :)