@marnello just to clarify, even though I called Peoplepower1 out. I completely disagree with what you are saying and do not want to be complicit with it.
RE: Re-entry to build extra shares (Today/Monday)14 Aug 2020 12:01
I have been DCA'ing in since 330 and will DCA out post RNS. Check out this video on what's next for Boohoo, really cleared it up for me - https://www.youtube.com/watch?v=4UnxlFqHD6I
These are the Monday opens from IG, this kind of growth is very healthy and it is obvious that investors from early July and later will be taking profit considering gains.
Monday 13th July - 266 Open Monday 20th July - 234 Open (12% Down) Monday 27th July - 257 Open (9.8% Up) Monday 3rd August - 263 Open (2.3% Up) Monday 10th August - 288 Open (9.5% Up) Current - 313 (8.6% Up)
Quite frankly I am balls deep in Boohoo, it is not a position I should be in. However, considering my age (and his) you should consider risk and ability to rebuild. I am way into gambling territory with how far I am in, however society gives it the tick of approval, so I am hoing to sit on my 30% proffit and the smile is not going to drop off until this all goes to poop or I cash out.
Don't understand sudden drop based on where this is coming from, speed bump yes. We are now back into consolidation and can understand if you only just joined the party.
Moral of the story, hold the line and wait for the ultra trades to roll in.....
RE: Peoplepower at it again hahaha13 Aug 2020 13:08
Also why the hell research daily if you are just going to blindly stay in something for 20 years. Surely better to go for a walk or read the FT from cover to cover, lol.....