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It's interesting that the remaining holders are here for bags and have the confidence this will get there, I share that sentiment. Weak hands and traders have been pushed out of this market which opens the door to a sustained and strong rally. Good luck Tuesday all, don't make any rash decisions whichever way you see this stick to the plan.
Asos results will have an impact here for sure. I think the fact ASC sp has tanked indicates the market is well aware of the current issues. Returns are a massive problem for BOO but less so for ASC and almost irrelevant to THG so suggesting returns will equally impact ASC and as a consequence THG seems unreasonable.
It certainly appears so. If the buying pressure continues next week it could very quickly reach 30p. I believe its worth 50p but realistically I'll chicken out before then and regret it when it gets there.
Haha true, the daily mail article has stuck with me, imagine if it's true and we have 4% of shares in issue running for the exit looking to buy back. There's a lot of money to be made by holders at the expense of their poor life choices.
If anyone finds evidence that this leveraged short position does exist please post. I think this is just a clumsy article by a journalist that is clueless. The shorts wouldn't want this disclosed.
I am doubtful the short position is 4% but I certainly hope so. If that's true virtually all December trades on open market were buys. Shorts may well get nervous as we run up to the update but to square away the current positions would lead to a huge rise in the sp, think we're going to £3 before the 18th now.
I'm struggling to get excited about 18 or 20p, should be 50.
I've never owned a company like this, constantly branching out and expanding all over the world. Should change the brand to Umbrella Corporation haha
Seriously though it feels good to have a piece of this and at such an unbelievable price, we have been shouting it for months only now is the market beginning to give it any credibility.