Member Info for streets36

Its just very hard to get excited at any Boo share price rises at present. Have spent so long watching it go green only to be slammed back down into the red. Really does need something of substance to really set a direction.

It has just occurred to me that one they may also be reluctant to release an early RNS as even if its good, people may say that those good figures are based on modern slavery and just cause more havoc with the press. So in that sense it makes sense to do it all on the 30th update and report. Boring myself now lol Just tired of seeing red.

Did you put another 10K in like you said?

agree with 1 to 3

I can see where you are coming from Inferno. To see us having gone nowhere in 4 weeks when capital could have been used elsewhere is frustrating, but I guess its always worth revisiting your reasons for investing and time horizon for selling because that way you may get your confidence back in the share and disregard the current price.

I do agree though, there has been absolute silence from the BOD and whether that has been strategic remains to be seen, but either way it hasn't done anything yet.

In terms of what they think of Private Investors... I have no idea. What I do know is that it was PI's as well as institutions that bought in when they floated and needed to raise capital to expand and made them Millionaires and continues to do so.

If all PIs sold today, share price drops and they don't get their Bonuses at £5, £6 etc.

On the flip side their job is to run the company to keep the fundamentals going so it is something tangible to invest in so i'm not sure how much time they have to show their love for us hahaah

My theory is that they won't release an early RNS now. I think they will bank on the good trading figures to offset any potential negative reaction to the result of the investigation.

So on the day it will be investigation update and numbers. The City won't know how to react if the numbers are stella, but the report finds some negative aspects to the supply chain.

Otherwise we get an early RNS, its positive, share price rises and then falls on the investigation report leaving bad sentiment in the air for the near term.

Perhaps a wise move by the board.

Greed drives the city not ethics so I reckon the numbers will offset any negativity, but only if its released at the same time. The ESG funds wont be back. They have nailed their colours to the wall.

Ha!, must have been thinking the same thing!

I was once a new investor and could have done with advice like this when I started out.

A couple of months ago you might have joined this board having invested and seen comments like:

"This will be £4.00 near to the results"
"This will move up weekly by 5 - 10% in the build up to the trading statement"
"Easily £3.50 by September"
"RNS any day now"
"This will fly soon"
"Gonna break out, £3.20 by the afternoon"

Where I am also guilty of some over exuberance, you really need to take all of the ramping with a pinch of salt, because if you look back at the last two months the reality is:

1. Some of those people predicting those fanciful share price movements, actually just sell up and leave the board
2. High Profile Hedge Funds start shorting the stock
3. A coordinated attack from the press remains relentless with a clear agenda
4. An RNS with a guidance update doesn't actually appear
5. The shares reacts to global macro issues keeping the price depressed (Nasdaq, Brexit, Covid, GDP figures etc)
6. Volume actually remains low on some days and the share price remains directionless

So whereas I am willing to risk capital for the trading update or close to it, it really is worth bearing in mind if you are new investor to remember how things actually were vs how members on forums like this say they are going to be. That way you wont be surprised and disappointed if expectations dont meet reality.

So YOU'RE the type of investor that panics, sells and brings the price down, whilst all of us long term investors just have to sit back and watch.

Stay put next time hahaha

Just a thought..... but if there is no updated Guidance RNS prior to the results update does that mean we can assume they aren't trading beyond expectations or at least not enough where they would otherwise have to legally update the Markets??

I believe they didn't want to give guidance because it was too uncertain with Coivd so perhaps not

lol I'm only playing. Think you were right on the dip before the announcement.

Vix, Futures, Nonfarm Payrolls, RSI, Bollinger Bands..... i think Steve has swallowed the Investor Chronicle lol

I would say the drop is correlated with the over market sentiment. Goes to show what type of holders we have in Boohoo at the moment. Not long term investors invested based on fundamentals, but speculators just playing the the stock. Can't blame them really. Getting a bit boring now with the weeks going by an not much progress happening.

As someone said, perhaps its time to hear something from the board. Doesn't have to be related to the investigation, but just something like the good old days with celeb tie ups or partnerships or etc etc just some positivity.

Yep Archie Bland again. Looks like a work experience kid. I bet he's been writing it all week and seems to be a coordinated strategy of releasing these articles back end of the week.

Who's pulling the strings through??

Such a Champagne Socialist - He is the only child of Sir Christopher Bland,[3][4] and half-brother to four siblings from his mother's earlier marriage to Thomas Edmund Byng, the 8th Earl of Strafford.[5] Went to Winchester College and University of Cambridge.

I bet he has regular dinners with Odey lol

Well.. what a surprise another negative article close on an hour before the weekend.

Last week, negative article and large short declared. The criminality and collusion in the financial markets and press is clear to see.

Hedge fund liaises with press - "when you gonna release the article?" "oh we'll do it Friday just before the Bank Holiday" "ok, we'll dump some more stock and buy back after the 15% drop"

Well done Mr Odey you fat pig lol

Spot on GGGG21. When I said the sharp drop last week looked like a short attack it was met with Scepticism. Looks like I was bang on. Seen those patterns many times before on this share and its not Odeys first time.

I massively agree about potential collusion between Murdoch and Odey. Share rises to highest point for over a month, drops suddenly, negative article comes out on the weekend, short interest declared.

If people think this sort of stuff is conspiracy then you are naive to say the least. As I said, Im actually please because the drop is due to one funds view on things and a fund that has massively made the wrong calls in the past.

Maajid Nawaz is banging on about UK Slavery on LBC as we speak. May have to brace ourselves for a rocky week. I can't believe that all it takes is one article from the Times to bring it back into the forefront. Lots of assumptions from people but no one knows the facts.

I think its a bit harsh that Boohoo are being portrayed as the only bad guy in all of this. What about all of the other retailers using cheap labour abroad?

As for Priti.... this is a distraction tactic at best

Such a frustrating week. No way am I selling now. Even if it drops more. Been there done that and regretted it. Don't need the capital back for quite some time so will just watch this pass £3.50 on results.

It was inevitable that the MM's wanted to push this to £3.00 to hit the stops and they now know people put them just below £3.00 hence where it is.

If people don't believe this is actually what MM's do then read up more on how it works.

This share moves quickly. Lots of Trades for MMs to turn over from here back to £4.00, its their bread and butter. Asos results and every day news about Online trading increasing is all you need to know about where this share price is heading.

wyndrum I do agree that for some scenarios you can only speculate and how someone chooses to use that information is up to them, but the longer you trade / invest an invest in the markets you do start to see familiar patterns.

However it is a fact that MM's will move share prices to where they think they can do business and 'Make Markets'.

You mentioned that no one says anything about manipulation when shares go up?

Well, how about when the Market opens and there is an RNS and it gaps up? That's not purely supply and demand. MMs set the initial price at which they can turnover trades.

But yes I agree that I for one cannot conclusively say why we lost a few % yesterday and this morning. Looked like a short increase to me, but not seen anything reported so most likely wrong. The point I was making is that my opinion is that if the drop is because of a short increase then that's one view of one investment house and it wouldnt make me sell. Someone else might agree and not have sold on that basis.

I dont think BBs should just be facts and links, but discussion and opinion.

Those type of drops do look suspiciously like a short increase. Sudden drop in the afternoon followed by inevitable morning drops. All planned with MM's. They can't deny it. There was always going to be a push for £3.00 and slightly below to hit stops.
MM's don't care how high the price goes, they just need the turnover of trades so its a inevitable they will want to pull it back and just repeat the move upwards.

I could be wrong, but will keep and eye out, because if thats the only reason for the drop (One investment firms view) then there is nothing to worry about.

Normally I would think twice about taking some profit. Already 23K up, but this time I am waiting to make real gains. Can't see a logical stop loss point at the moment. i will apply one nearer to the time. The Asos results is all I need to have confidence to hold. If the outcome of the investigation is positive or they handle the PR correctly then this will re-rate quicker than any other share I can see at the moment.

Keep holding.

Market Makers fishing around for business today. Can't blame them, bit of a slow day.

Actually heard alot about M&S losing the fight to Online clothing so thought we would have a tick up.

I know we will wake up one morning with an unexpected Revised Guidance Trading update RNS giving us a good 10 / 15% prior to the results.