Member Info for streets36

Hi Chancers,

I held off from being in on the update as its so unpredictable and as we have seen it can take months to break even.

I have spent the last month trading it through my SIPP and made £2.5k so its made up for the amount i lost in Neil Woodford's fund for the last few years lol

I saw the results and the drop this morning and saw an opportunity, but was on the train to work and couldn't trade through my phone.

Looks like its picking up now.

Will be keeping an eye out for shorter's and opportunities. Still a great company, just don't like how twitchy the market is around it.

Isn't it amazing how stable this share has been with no Short Sellers or at least ones with large holdings. Just goes to show that they are the cause sometimes and not the symptoms. I wonder which ones got burnt in the end with the rise post results.

Still looking for a good entry, which i think will still be nearer to £2.00. All of this Political instability and the low summer volumes may provide this.

Amazed at how resilient this share is at the moment. Morning drops then a rise to close and all against the back drop of Trade Wars.

However, I am still not ready to jump back in. I have no doubt that Hedge Funds are waiting to pick their moment.

Any slightly negative or ambiguous comments in the June update will reverse this. Brexit is going to come back into focus.

Don't want to sound like Guru, but there is no reason why the pattern won't repeat. You can end up buying in and watching a daily slide for months, which I will avoid this time.

Don't buy this slight recovery. This will come back to £2.00. Happens EVERY time. News flow drying up, volume dropping, perfect for shorts.

Not negative on the company at all, but hate to see PIs lose money because the MMs / Shorts working together.

Seeing the price back here is fantastic, but I can't stress enough how quickly sentiment changes on this stock. We are still in the gloss of the results. Has anything really changed that much since the last update in Jan? The results were as expected so why is it worth £246 today and £1.77 in Jan.

That's hell of a jump so you can assume alot of the buys are impulsive.

Don't get me wrong i am very optimistic about this company, especially with its global opportunity and surplus cash, but I am determined to not make the same mistake and buy in now as I have watched this share repeat the same pattern time and time again.

Watch out for the summer volume drop, negative articles, inevitable shorts and we will be back around £2.00.

Put in your stop losses.

Nah, that's not how it works lol

Despite strong fundamentals and growth potential the following will happen:

1. People get over the recent positive news
2. Volume dries up
3. News starts to flow about "Sky High PE"
4. Hedge Funds open short positions, some negative posters appear on this board
5. The sudden drop starts to spook PI's so they sell off and hits stop losses
6. MM's are compliant with this process as they don't care where the price is as long as they make commission
7. The Share price will react more to Macro variables and other companies results (Global Growth, Consumer spending, Brexit, ASOS who knows what)
8. We get pushed into a tight range whereby whenever we make progress short ammo is released to keep it down and because there are no catalysts there is no buy volume to counteract it.
9. This board becomes a ghost town with one or two usual posters
10. We edge closer to the results and volatility increases with speculation around what the numbers will be, this board gets busy again and the results either spark a jump or a big sell off

The question is, do you hold to sit through the whole cycle or do you take profit and enter after what I have just mentioned has played out.

The reason I am saying this is because I know what its like to be sitting at £2.40+ only to be at below £2.00 two months later. Very frustrating!!

Very well played!!! I have taken my SIPP out too. I am sure its possible to see this rise, possibly to £2.60, but i can guarantee it will pull way back, not because of company fundamentals, but because volume will drop, news flow will dry up and its back to the old routine.

That Guru of Canada on ADVFN is making all the wrong calls these days lol Hilarious

He actually talks about fictitious trades as well. Hope he doesn't come back here

The Double Top took us over £2.30 lolololol

I think you need to see if its fully formed otherwise its just a peak hitting resistance twice.

I can see why you would get the fear tho

Strong set of results. No real surprises, but great to see the Boohoo Margin holding up. I'd imagine the City had pencilled in these numbers, or slightly below, hence the rise.

Kept my SIPP in so still moving up nicely, but held off from buying in at £2.16 yesterday with other capital. Just not worth the risk as this morning potentially showed, PI's are forced into making knee jerk reactions with this volatility,

Its actually moving in a similar fashion to ASOS after there last update.

Anyway, well done Boohoo group for making great gains in what some people have been suggesting are challenging times for consumer spending.

Some points to note:

1. Yes, PLT is catching up with BOO so its price for buying is going to take up a huge amount of our free cash.

2. I think Select Equity will be feeling the pain hahahahaha

3. There are some Motley Fools and other journalists that need to be called out for scaremongering and being massively inaccurate when it comes to assessing Boo's performance. Rupert hargreaves 'Look out below'??? Want to admit you are wrong and don't have a clue what you are talking about???

4. Expect a few days of gains then it will be back to a drop off in volume, no news flow and shorters coming back to scavenge then Macro factors will come back to the fore, Boo will make some hiccups with Environment and product issues we go back to £2.00 then we wait for the next rise into the results. All getting quite text book now lol

Its not unusual to stay flat a day before results especially after a week of constant rises. Just means people are taking a wait and see approach and will review things in the morning for direction. That was a sharp drop from £2.27 though so someone did take some profit.

All indications are that the company is performing well for the future so even if it drops consider its longer term value.

My SIPP is still in, but as for trading capital I will look for opportunities. I have no doubt shorters will be back before the June update so i will likely hop back on board when they give me the buy i need to make some profit and not bottle it on ASOS updates lol

Will be keeping a keen eye open at 7 tomorrow and will see if it goes into Auction at 8, purely for the excitement. Prob need to get out more haha

Chancers, your trade has work out well!!! I should have taken the plunge on Friday. I really do find work gets in the way of timing your buys hahaha

Hi Chancers, yep, I was keeping an eye on it in the morning and was hovering over the buy at £1.94 levels, but had to work and couldn't get time to plan my entry so missed out on a day trade or getting back in for the results. I think there is a good chance it will poke its head over £2 tomorrow morning setting up the week. Still annoyed i sold out, but also pleased i took some action and it could have been very different last week, I mean who would have thought a company can report such a huge drop in profits and the share rises 10%+ lol

Got a feeling the results will give Boo a good boost on the day, nothing ridiculous like a 20% jump, but a good 5% to set things up for the next few months.

Funnily enough I was getting fomo yesterday, but waited to see how it reacted around the £2.00 / £1.99 mark and it did hit resistance and with such a move on ASOS yesterday something is clearly holding it back a bit.

So rather than jumping in i will wait for what I see as a good entry or just let it go and consider things after the results as I'm sure we will see a massive pull back again and I am determined to stop making the same mistakes.

More likely I will look to trade a few % here and there. Very much in and out.

Hard to say if we will see £1.90 again. , but I would like to get in on a dip to £1.89, but you gotta be watching it 24/7 to get those freakish drops and bounces.

Good luck tho

TBH You have to go with your gut instinct and to some extent and 87% profit drop is enough to make you take your risk of the table lol So taken a small loss, but for the time being happy to have some capital safe. Fast Fashion really is a rollercoaster

It really is a joke lol I think some shorts have bailed their side as they were around 5%

lol Just can't get it right. Saw the ASOS RNS, massive profit reduction, and Boo went into Auction first thing like last time so I bailed, thinking I would stomach a small loss and re-enter at a cheaper price, but as I said yesterday in the weird way the market reacts its now rising.

You could say the poor results were priced in, but after that Times article on the weekend I didn't think the market had reacted enough to it and so was expecting more of a drop today if it was accurate.

So can we say from the Boo results, anything better than an 87% profit drop we will rise hahaha

I dunno....

I have made great returns on this overall £40k up easily, but just not reading it right these days or more letting my emotions get the better of me.

My SIPP is still invested, but then my emotions towards it are much different.

Still very positive about Boo and will be back in v soon, but I really do hate being invested in and around the results,

Lets see if there is resistance at £1.99/£2.00

Good luck all.

Surprised its been so quiet here today given the ASOS update is tomorrow and the recent one dropped us 20% lol

Still, no sign of a short increase yet, but if we drop like a stone tomorrow due to a bad ASOS update and we see a short increase today, Monday or even Friday then you know something fishy is going on.

I'd like to think that in the perverse way the market reacts that a bad, but not quite as bad as we thought update will send it flying upwards taking Boo with it and setting it up for a stella update later this month.

I would also like to think that people will start to realise that they are both different companies and despite operating in similar markets can produce very different results and Boo shouldnt be lumped into the same boat as ASOS and that it can also be internal issues causing poor performance.

Shame about the pull back today, but its had a steady rise. £1.95 is a tough one, but the more we hit it the pressure is going to build and we will shoot past £2.00.

We will see 10% rise on results day because:

1. The outlook for Boo is excellent Brexit or no Brexit.

2. Law of averages means we are due an positive results day

3. Still way off from our peak, limited downside massive upside

4. First results from the new CEO so expect some surprises

5. PLT deal announced

6. Lowest unemployment level for years, more money to spend on cheap clothing

7. High street dying, Online continuing its upward trend

8. Boo was corrected unfairly with ASOS and hasn't had its deserved rebound

9. Most shorts have left (or the ones that count)

10. Guru has left this chat

11. Boo still confident in making acquisitions so must be confident in outlook

12. Few companies offering such growth with increasing profit

13. Boo have a habit of under promising and over delivering

Not long to go, hold your nerve or miss out on atleast 10% on the day

Quiet at the mo.

Not much to say I guess. Brexit a mess, but having its usual impact on the pound and the upside of the FTSE.

Creeping up nicely, but just don't get excited until it moves with conviction. Would LOVE to see £2.00 before the update.

Not too long, especially with Good Friday and Easter.

Come on BOO lets have a surprise RNS!!! :)