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@steveknowsnothin - Yes stop thinking of could have sold at the high and then bought again at the low. I am like you. I only do CFDs and I have done 1000s of in and outs in quick successions and made money, I have in the same day bought and then shorted and then bought again the same stock multiple times. So I understand how it feels. But with Boohoo I want it to be long term and if I am not in it I can miss the boat.
After the results I decided not to look at the price or the board as I believe the price will in couple of weeks be over £4.
Today a notification popped up in my IG CFD account that the price has dropped below 3.50p. What do I do?
I BUY MORE :)
Dear all, first of all I am very excited for tomorrows results.
As some are aware I purchased 22000 shares of Boohoo at and avg price of 269.5 since July (Sitting on a unrealised profit £26509 at close today)
I purchased all of these on IG Markets CFD. I normally only have this one account and in the past have been day trading with this. I am now realising that Boohoo for me could be a very long term investment. What I am thinking off is to withdraw my investment (the CFD margin) I paid and then move/close the profits to a better long term account. I have heard of share ISA but have no clue how it works or any other account or idea of what I should do. Really confused and need some guidance please
I am so glad I took a break from this group since mid August as I could see the price range being very volatile and that allowed me to overcome the tricky period. I always believed in this stock. Traded all the range from 329 to 216 and throughout. Sitting on 22000 shares with avg price of 269. Excellent profit but I am not considering of selling before 480p. If this goes to 340 I will top this up again
Well done to all fellow boobelievers
My entry in Boohoo
07/07/2020 = 2500 @ 268.50
08/07/2020 = 5000 @ 246.90
08/07/2020 = 1000 @ 220.30 (wish I went for more but scared)
10/07/2020 = 1500 @ 277
13/07/2020 = 1000 @ 236.20
14/07/2020 = 1000 @ 216.90 (why ???)
16/07/2020 = 2000 @ 235.20
12/08/2020 = 2000 @ 315.09 (feeling confident)
Sitting on a total of 16000 @ 255.78 avg.... all on CFD
I am feeling more confident and will purchase more with upwards momentum
As I said I am in no rush to free up my money. I am now looking at the opportunity to add more, not sure what the best dip price would be now. Members any suggestions?
Or I will add just before close. I believe tomorrow this can rise again by 20% in the morning and maybe close the day at a 10%. So I am for sure aiming to add more.
I have not been active in share dealing since a year now and last time i traded in Boohoo was in 2017 & 2018 when I was trading around 171p to 209p marks. Made a decent profit then.But now - WOW. Through the amazing people here on both sides, making my own judgement calls I first dipped in on Tuesday at 268p and then again on Wednesday at 246p and before close at 220p. Sitting on an 8500 shares at an average of 250p with a profit of £3346 (Currently showing) So thank you and normally I would pick that kind of profit but I would hold and if it dips again to a level where I am comfortable I would buy again.