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I think after the recent panic drop this is certainly good value. Knowing where it will most likely go to in the short term. A rotation back into value will happen from about now as the uk nears the next opening up stage. It’s clear they have a plan that takes some risk of the table in regards not going bust, short term this has a good 20% on it from here imo .
Has to be a buy this now, it’s come from 320 to 160. That’s like a spring sale! That’s a good gamble as a potential to double up from here, just needs to exceed it’s all time high. I don’t see a reason for it not to get there short term. Unless there is some major reason the prospects of miners or coin is going to head south.
So predictable today, lots fooled by a small retrace, only to wish they hadn’t when Mars jumps 6% on the open. Tomorrow can only be good news for this industry. There will be no news that could be bad let’s face it. Sunak will sort it I’m sure. Imo
Will be one of those 7-10% north days, firstly it will drive north due to market correction , the optimistic outlook will drive it to close the gap from 301-304. By that point the USA opens to then keep it driving to 308-309 again. This is my prediction having watched this share do this before, and in particular after a market sell off with optimistic news on the weekend that followed it.
Some are saying BP could be at 350 by the end of next week. Dyor and gla
I second that my friend
Happy to wait and see .I’m sitting pretty here, made enough on the 1st spurt to trim my holding knowing a small retrace will be manufactured in. To many rumours of news from fellow traders. Could be painful for some tomorrow. But what do I know , I’ll be buying loads if it kicks down fist thing
Friday the 13th is going to mess up the shorters game again. Media games are being played here. The bait is set and Tick Rick boom more crazy vaccine news hits the headlines and shorters loose millions more. A 13th to remember . The market makers wants free money. The tech rebound was never going to be more than a 1 day spurt with this market now thinking 6 months ahead. The city is now backing the commodity horse Dyor and imo
Agree, lots of profit takers I’m sure today but also a huge amount of people exiting tech and other covid play stocks today in advance if tomorrow. They will be expecting a drop in the morning which may happen but most likely won’t. but if it does it will be a false drop the wise would wait 10 mins as the climb up to 280 will be steadfast. Any pull backs now will be a gift if you have capital to buy. More vaccine news to come I feel. Dyor imo
I see the lockdown as a bit of a good thing for BP, if the desired effect of the lockdown is seen and some positive treatment/vaccine news is released the output could launch Bp into a sustainable north trend. I tell you what if Monday significantly drops the price more I will be gobbling up as much as I can.
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All the goings on with the founder and his sniffing around for more company’s to buy up tells me what I need to know, they are raking it in and the results will be massive. This is going to 500p very soon imo Report worries are over city is now confident.
Yep, the same would go for any fast fashion giant. The message in this though is that as investors there is some relief in knowing that the specific allegations are unlikely to burn boohoo. Yes maybe the industry will need to make changes, but more likely to look Far East if price point is very critical. Any businesses like boo will try to demand the best prices to ensure good profits , but I don’t think they expected the supplier to cut corners like hinted at. In reality I expect it is the factory trying to make more money. Boohoo should look to own it’s own supply chain, that in turn cuts costs and gives full overview of the pipeline.
But for now investors will see this as the green light and start to look at the pending great results due in Sept. which will be massive. Hold and buy here for some free dosh