Member Info for streets36

Whoah Peoplepower, that's alot of vitriol. I think you are finally showing your true colours. A lot of people on here spotted it early on. Certainly not the words from someone who is as relaxed about you holding for 20 years. Sounds more paranoid and insecure to me.

I think there is no need for that language

This was always due a pull back this week. The pattern is always the same as well. The FTSE plummets brings everything with it, then FTSE makes gains in the afternoon but the damage has already been done and some stocks pull back less quickly. 2% down is nothing to worry about at all. The ASOS RNS has told us all we need to know about the upcoming trading statement. Will be £3.50 prior to September so just hold through it and reap the gains.

One thing I do agree with Peoplepower (can't believe I am saying this) is that holding longer pays off and I have lost profit in the past from selling too early. Just need to control your emotions and be certain on why you are invested. Being over £3.00 this week is a great position to be in to set us up.

Don't worry about it dropping slightly its bound to rise and fall just hold it in an ISA for 20 years and you will be fine.

I recommend reading the Financial Times back to back though.

Joking aside, it will have to pause and consolidate a bit, but will certainly rise to £3.50 before the results. Lets just hope the Macro climate stays robust enough to not hit all shares and that the press stay away from Boo.

Looking back at how the Media bullied boohoo without any substantial evidence is pretty annoying. You can bet there has been alot of strategising in the background for the conclusion of this report to blow doubters out of the water and the sales numbers will blow competitors out of the water.

Shorts will leave, ASOS, Next wtc will re-stock Boo and that idiot from citi bank will have to explain why she valued the share at £2.50 or whatever arbitrary number she came up with.

I told you it was more predictable than any share price.

To quote PP

"Hold Boohoo shares in an ISA for 20 years plus and they'll make you rich. Research before you buy and keep researching daily whilst holding to give you the confidence to keep holding. Attend all AGMs.

I've held my Boohoo shares since 2015. From my daily research on Boohoo over the past 5 years I've worked out Boohoo could reach a conservative share price of £60 in 20 years. That's nearly 20 times today's share price."

He did not mention the Financial Times though.

Massive buy at the close by a UT (Unique Trade) Investment Fund. This will fly in the morning. :) Looks like Hedge Funds back in!

Wyndrum, you hit the nail on the head. I'm thinking he is actually a younger investor who is nervous and paranoid about his recent investment. If you were holding for 20 years you wouldn't try to reprimand people on the daily for any objective posting you would instead just cast your eye on it from time time to see if its hitting your annual target. Some weird people about!

I can't be 100% certain on the share price, but I can be 100% sure Peoplepower will say the following almost on a daily basis:

1. Read the Financial Times back to back.
2. I will be holding for 20 years
3. Read peoples previous posts to find out all you need to know
4. They are just trying to get you to sell your shares so they can get the share price lower

Even though I'm long this guy just grates on me lol

If he is holding for 20 years and spends every day on here is he really going to spend the next 20 years posting on a share forum?

Also for such an avid Boo investor he did only crop up very recently....

Lovely rises, long may it continue

If you have been in and out of this Share for the last 5 years you will be very familiar with the Shorting patterns.

ALWAYS a sell of in the morning, releasing Ammo to hit stops. MM's play it to turnover more trades as it recovers back during the day. Then the same happens day in day out and has been for months before.

You will notice the increase from Lansdowne on Friday. Drop yesterday morning, rise, drop this morning then should pull back a bit.

Other tactics - They are well aware £2.70 is the resistance and will put more pressure on selling at this point and sometimes like to unload at the end of the day to scare retail investors for the morning.

As someone mentioned, the more times we hit resistance the greater the breakout so ANY catalyst will push it from £2.70 to £2.80/90 in no time at all.

Unfortunately, they know that there isn't likely to be any news in the short term so have taken this opportunity before September and will cash out or gamble on the outcome.

Obviously some Macro factors playing into their hands. I'm in 7K profit and watching it go out an down daily, but I'm in this for the big bucks. Have sold to early in the past and not doing it again until its way past £3.00 +

Dont' worry about its daily movements and also be aware that the Shorts don't always get it right. RBC got caught out massively a couple of years ago and must have lost millions.

All looking good here at this price.

I can't believe they have released the story about the death of his Son and used a good chunk of the article to stick the knife in about the minimum wage saga. These Journalists have NO morals at all. Can you imagine John Lyttle reading that and seeing how they have trivialised his tragedy to keep up this relentless media attack. Its almost like some of these people have more than an agenda to hit headlines and after hand in hand with large short sellers to drag the price down. Who's getting paid off I wonder??

Just read the slightly negative Motley Fools article Is ASOS now a better investment.

Written by Andy Ross who "runs his own ISA" and has been writing about shares since University. Definitely gonna invest based on his credentials lol

Guys, honestly don't worry. Its just the large shorters offloading in the morning with the
Mms. Wider Macro issues also playing into their hands. You will see morning moves and day closing moves like this for the next month untill results day where they use the volume to cash out. Seen this pattern soooo many times.

Oh god hes back

Emotion is a funny thing isn't it, it can make you act irrationally. I know I have in the past, but only when things are looking super drastic like the huge double digit % falls with the Covid outbreak.

I mean like someone said here, a small 2% drop today is nothing, but putting it in context of the recent daily rises it can easily spook you into selling, but take it from me, you will miss out on much larger gains in the longer term.

I have traded this off an on for ages and if I had just left it in over a longer term I would have made much more gains. It all comes down to the conviction in you investment and assessment of upside vs downside risk.

I was wary at £4.00+ because the valuation was getting toppy again and any negativity would have (as it did) hit the share price hard.

However, anything under £3.00 is a good buy for the medium to longer term. Boohoo have massively improved their communications to the Market over the years an I expect the September Update to be very positive from a sales pov (beating market expectations) and a massive PR exercise in re-building the reputation.

I do still expect some more acquisitions as well as some interesting updates on building in the PLT numbers and how the recent acquisitions are being developed. The shorts will exit on the day of the update or close to it. They will need the volume.

It is a good idea to switch off from this board if you are happy with the reasons for investing. Peoplepower was just so irritating.

Mahmud Kamani has 'vowed' to get this to £6.00 and I believe he will.

Peoplepower got what he deserved. If only other people (Bruce) listened to us pointing out te risks and not to listen to the board dominator Peopleprxck. I dont feel sorry for you as we were constantly attacked and shouted down. What did i tell u about the large shorters? Trade through Quindell and Monetise. Experience helps. Listen to them next time.

Math clearly wasn't Peoplepowers strong point yet he is saying to everyone "Do you Research, Do your research".

He has exposed himself as being an amatuer. I don't believe a word he says about when he bought Boo Hoo shares. He's only been on this board a couple months yet talks like he was in at IPO.

All he does is say "doomers, gloomers, they just want to sell your shares et etc" so BORING!!!!!

Leave the board Peoplepr*ck,

The investor known in the City as 'Evil Knievil' has taken out a bet against stock market darling Boohoo.

Simon Cawkwell, who gained the nickname for placing risky bets on falling share prices, has taken out a 'substantial' short position on the online retailer.

Word of caution. Peoplepower claims to be a "millionaire" yet he's posting on here daily.... ALOT.

He is constantly ramping and dominating the board. He owns shares in Boohoo and his only agenda is to pull the wool over everyone's eyes to make money. He is NOT your friend and is selfish.

Just saying be careful and fully do your research. Few risky aspects to this share now:

1. While between updates, price will naturally drift lower. (possibly another acquisition, but analysts will question Boo's ability to integrate so many at once.

2. I personally believe they are not open about rates of organic growth with the damage to the already slowing world economy, which was happening pre- covid.

3. High Street opening up again to take market share. Not denying the overall shift, but rates may slow this year.

4. Some big shorts out on this now - Some real big players and when they get their claws in, they really do.

5. Seeing it drift to £4.00 today, tech analysis suggests large drop if it dips below.

6. Valuation still high. No getting away from that.

7. They forced the PLT deal early on the back of an attack? doesn't say much about management confidence.

8. Owners are so wealthy, how much more energy inclination do they have to put into the business

9. CEOs share price target coming under alot of scrutiny and rightly so. I don't believe just buying up business's should be the main strategy to achieve this, which is clearly what hes doing and is aquick win for him to get his £££ then f off.

There's so many more, but got bored of typing.

Its ok People filtered me so he can't see this, but take some of it in.

God is Peoplepower still going on?

Don't listen to him. He reckons he's a millionaire, but posts on here every day.

He just wants you to hold or buy MORE shares so HE can make money. SELFISH!!!

He is NOT your friend!!

Also pookookachoo makes perfectly sound and reasonable points regrading this share. Give him a break. I think he's been very respectful considering the comments he gets from weirdo's like Peoplepower.

DON'T listen to Peoplepower1 he just wants you to hold your shares and buy more so HE can make money!

That is his motive, he is NOT your friend.

Great company, but inevitable drop coming. Where would this have gone without the Trading update. Made its way into £3.50's easily. Next update not for a while.