RE: Strategy for THG investors12 Jan 2023 12:34
Sensible post Devonplay.
There are signs that over exuberance is starting to creep in again. Look at the signs ...
1)The "Rumours" are starting up again. That hasn't played out well in the past year. Why is now different?
2)A few of the, and let's be kind here, over excitable THG bulls have started appearing on here again.
3)City Spy is back strutting around on Twitter with his cryptic posts.
The contrarian in me is saying these have been warning signs of a pump in the past. Why is now different?
No one knows what will happen next. We SHOULD get a rise if CPI shows more signs of moderation. But the proof for THG will be next Tuesday. Until then it's prudent to not get too excited until we have visibility on earning. If the trading statement is decent, and brokers start to raise their forecasts,then we have the tailwinds for a run to £1.00p.