Member Info for steveknowsnothin

"Insanity is doing the same thing over and over again and expecting different results."

If ASOS wasn't AIM, I would probably have been tempted, however hard lesson was learnt here I am afraid.

In around 9, out at 11. Was less than 10% in the end, end result was about 8%.

First time I have tried it and probably got lucky, only reason I wanted to try it was due to Boohoo. Added alerts to our site and watch it like a hawk first thing in the morning. Would only really do it on a company like Novacyt where I have a basic knowledge of what is going on.

@wyndrum as stated before, I use TA to time entry and exit and ensure solid fundamentals are in place to provide me with buffer in case I miss time my exit. As I look through my stock list this evening (https://nearer.io/) , nearly everything is red and quite a lot by around 4%. Uncertainty around lockdown, slavery who knows.

I took 25% out this morning and played the Novacyt gap fill near enough perfectly and have left the cash on the side. With what is in here now, it can stay for the next 9 trading days. To be 100% truthful, I am getting a bit worried around the like for like search statistics compared to last year.

Summary

- The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
- In a short-term perspective, the company has interesting fundamentals.

Strengths

- The prospective high growth for the next fiscal years is among the main assets of the company
- The company is in a robust financial situation considering its net cash and margin position.
- Historically, the company has been releasing figures that are above expectations.
- Sales forecast by analysts have been recently revised upwards.
- Over the last twelve months, the sales forecast has been frequently revised upwards.
- For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
- The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.

Weaknesses
- The share is close to its long-term resistance in weekly data. Therefore, the potential should be limited. However, a further bullish movement when crossing this resistance will be a positive signal.
- With an expected P/E ratio at 49.71 and 36.95 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

https://www.marketscreener.com/quote/stock/BOOHOO-GROUP-PLC-16023307/news-strategies/Expectation-of-a-turn-around-31528133/

Wasn't a top up for me, was a gap fill alarm. But yep, very happy!

You guys are being silly now, if the supplier has a "hidden false wall" to hide works from "HMRC/immigration”. Do you not think they would do the same with auditors?

The tenuous levels that you guys are going to, to suggest some form of culpability is beyond Archie.

@HereKittyKitty come on, you are scraping the barrel a bit with that. How does that even state that Boo knew about it,

[C] To consider the boohoo Group’s compliance with the relevant law.
There is no evidence that Boohoo has committed any criminal offences.

To be honest, I would be happy for the price to dip towards my buy in. Means I would be able to load up even more.

That nice little daily hammer is looking more hammery by the second.

Spread of 787 to 805 on IG, think we know which way this is going!

Pretty standard gap fill. which is now closing. https://nearer.io/stock/ncyt

I am trying to get a cheeky 10% on the Novacyt gap fill this morning with 25% of my Boohoo money, so all predictions used up I am afraid and hoping that Boo dosen't rise too much before I can put that 25% back in.

Just backed up by seeing this from noel, 342 is probably more likely.

https://pbs.twimg.com/media/EkMbuupXsAAvfWH?format=png&name=large

I know we hate predictions, but here is one.

End of day close at 341, resulting in 2nd hammer in 5 days.

@WolfofWarks I think you are confusing downward trajectory with consolidation in range, but you do you and good luck.

@DavidLaw indeed. Just reading some of the commentary online and Boohoo's name gets mentioned an awful lot next to lockdown friendly stocks.

The Black Friday & Cyber Monday traffic results are going to be a defining statistic on what the revenue is going to look like at the end of the year, however there is a very good chance it is going to blow estimates out the water. Have read on here previously about how no Christmas parties are going to be an issue, however the traffic at Christmas and its lead up pales in comparison to those events.

@arudge, excellently written.

I think you are so right about the bringing back simplicity as to why a stock price goes up. As soon as you realise that growth stocks have extortionate PE ratios, then their forward momentum must be driven by network effects backed by their potential for exponential revenue growth. You are just never going to be able to slow them down for any conceivable amount of time while the revenue growth is still there, it has slowed down to a measurable level or until it is proven to be falsified.

@davidlaw, unfortunately the code is janky as hell, as we did it to be quick and dirty, there are secrets littered all over the place as it was never planned to be shared and the way it gathers information is not something I want on github.

" I'm hearing some are having problems buying shares"

If that's the case, then surely the price should be chasing upwards due to limited supply.