Member Info for streets36

yeah, something weird about that. An acquisition would always require an RNS. Totally agree Voltaire - The PLT deal is where the cash should be going. Can't figure out what their strategy is, I mean is it pure;y because Umar want's the lion share of the profit at the expense of the whole group and shareholders? One couldn't blame him, but how much money is enough?

No surprise to see us back down in £1.80. The momentum just wasn't there for the push to £2.00.

Hi Gotmiester, I guess they don't alone have the ability to push it down to that level in one go, but when they open the short they will sell a big chunk to force the price down, its hits retailer traders stop losses, panics people into selling and changes the direction of the trend. They also capitalise on periods of low volatility so big sells can be exaggerated and their software can drip drip sells for a period of time to wear long term holders down. I'm also sure Market Makers see the pattern of hedge funds sells and play into plans to make commission. Supporting this is looking at the last two times we got to £1.90s and then bang a new short opens and we go back the other way. Perhaps its just trading within support and resistance and i'm reading too much into it, but its no surprise that Marshall wace have covered and the others have run out of ammo and here we are making progress again. There was an article in Shares Magazine last week saying how Short Sellers can be helpful by highlighting issues in companies fundamentals, but if this was the case then why don't these shorts stick around longer if they are so convinced. The reason is that they are opportunistic (irrespective of fundamentals) and out for a quick buck. RBC sent out a really negative note to their investors about Boo, put out a short and we got stuck in a horrible downward spiral. Boo released fantastic results and they haven't been seen since! So after all their research, why wouldn't they hold out for what they see as inevitable. I signed the petition and would be very pleased if they were banned. They don't help anyone.

Looking good. £2.00 is the real milestone. Must push past that £1.95 barrier. Last thing we want is a short opening up and pushing us into the £1.70s.

Most of the big retailers that are relevant to us have already updated before we do so the path is looking clear for the build up. Only Macro factors that could cause hiccups, but even those could be buying opportunities.

Exciting times. I managed to average down so am in a much better position and this time i will hold on rather than selling too early.

Excellent day.Amazing how long we have been in the £1.70s and then skipping the £1.80s like i said it can move in 10ps easily.

Only thing to watch out for is £1.90s have been targets for opening shorts if you look at the recent charts and when the appeared.

Still MW left us and the others are caught on the hop lol

If the rise for the results is starting now, could well see £2.15 before the update.

If ASOS are doing well under the current climate then Boo will be killing it.

Hopefully another short closed or a Director Buy or a Fund Top Up. Would love to see this nearing £2.00 next week. Prob a bit ambitious, but have watched this sinking for waayy to long now.

Need to make some solid support above £1.80, but this should push to £1.90s soon. Boo is a funny one as sometimes its stays for ages in a range, but whizz's up 10p at a time.

Good to see Marshall have departed. Two inexperienced Boo shorters left so not too worried, but don't be surprised if they make some last ditch attempts to push it back to low £1.70s before closing. RBC got caught out badly and can easily happen to these guys.

The ASOS statement was positive but cautious. The markets are so twitchy at the moment, overreacting to everything. Brexit is sorting itself out (one way or another) and we are building nicely into the trading update.

As December shows though we are a different beast to ASOS as a company and our maturity so i wish people would stop making direct comparisons.

Sentiment is turning and its time for Boo to make up for the last year.

Its very frustrating:

FTSE100 UP - Good news
ASOS UP - Good news
NEW CEO - Good news

Boohoo share price - Down.

Purely down to short selling pressure, but the only reason they can do it is because there is not the volume of buys to fight back so what can you do really?

I suppose people need more of a concrete reason to buy at the moment and not just buying into the growth story as a whole.

oh well, lets watch it dip to low £1.70s then claw its was back to mids before close. Then we watch the same next week.

Well, the man is in. Today is a great turning point in the company moving to the next level.

Hoping to push into the £1.80s, but it looks like all the shorts have stops around this price. Just see that downward spike yesterday in the afternoon.

In all the time trading Boo, I have never seen the price as manipulated as it is at the moment. The spreads in the morning are huge. MMs and HFs are running the show.

Well isn't this share price boring at the mo.

Up to £1.79 then down, up to £1.79 then down

We surely must get into the £1.80s soon then it will take some direction.

So much Macro stuff going on. i thought the vote might have had an impact, but didn't seem to do much. Perhaps thats why Select Equity upped their short.

New CEO Friday?

I wonder if we can make it to £2.00 before the next update

Its irritating how in control this share price is of the Hedge Funds. Means its just trading sideways now.

I read the Times article. I'm starting to see a different side.

Am starting to review my long term view now.

Company does need to start showing corporate governance and act like a blue chip to be taken seriously.

Absolute garbage, like Motley sh*te.

Basically says, it could go up or it could go down.

Just ask yourself what their motive is for coming up with these articles.

You think a new CEO would let the share drop to £104????

Rise into the next update coming. Don't miss out!!

I know what you mean....

and then you have Umar Kami laughing at us saying "so called experts".

I'm a long term holder, but haven't see any actions from the BOD to help us fight off short sellers. In fairness I thought the results were good, but a few years ago they had way more RNS' out about collaborations, new lines, fund purchases.

Now its like... here is the update. see you in 6 months.

You do have to question why shorts target this share.....

Perhaps it really is overvalued and with a very relaxed board why not take the share price down. Can't blame them i guess.

Who is Neso? never heard of them.

Nice to see a rise today, but have absolutely no faith it will continue upwards until all shorts have gone.

Afterall, we were doing nicely to £1.95 then bang down, down, down.

Some unconvincing buys this week and not as a show of confidence, just compensation.

Hopefully, brexit deal gets done and trade wars gets sorted. then new ceo and a plt deal.

Would track above £2.00 then.

As for Motley Fool..... biggest load of click bait junk ever.

Read their backgrounds, they have absolutely no authority to comment on any listed company. They are like 6th form economics students or out of work teachers. so sad.

I might expose them. Ignore ridiculous headlines like "look out below", just pathetic. He's been on MS paint. idiot.

More shorts eh? mates with Greenvale? I wonder.

Hit £1.60s yesterday, will do again soon and then to bottom out in the £1.50s, question is, does it have the legs to take us back to the £1.90s in the short term.

Bored long term holder.

Well that is the name of the game.

Trade - Buy on dips, sell on highs as the chart bounces around.

Invest - Take the plunge, hope for the best as the general direction over the long term is up lol

I think its all about how much patience you have, your short term / long term goals and appetite for risk.

But we can all agree we want it to go up up up

Experts or not, the share price hasn't gone anywhere in 2 years lol

I wonder what his views are on Hedge Funds controlling the share price and determining his wealth (to a degree).

As positive as I am about the future for this company, today's rise is a dead cat bounce and £1.60s is inevitable. It will bottom out though and the rise will start into the results. Really hoping Mr new CEO has a sweetner for us

Another hotly anticipated hedge fund launch in 2015 was Greenvale Capital, the $150m fund set up by Bruce Emery, a former Citadel portfolio manager who also ran his own hedge fund Naya Fund for two years.

Things don’t seem to be going so well. In recently published accounts for 2016, Greenvale revealed that it had made £52.8k profits on the back of nearly £1.4m in revenues. This is up from £17.1k in 2015. Separate figures for its LLP, which covers revenues for its senior partners, suggest a £404k loss in 2016, which is up from £778.1k in the red for the prior year

Well, he's an experienced man in business I wouldn't mind betting he has a better idea about managing and increasing shareholder value.

For all we know he may have something up his sleeve from day one. With a £50m incentive I sure would.

Perhaps that's why Greenvale have gone early on their short. They are only shorting Pluss500 as well. They aren't very proficient, just got lucky this time.

So he starts next week. That gives Greensh*t 4 trading days before his arrival.

If I realised that it was a Hedge Funds standing in the way of me and £50 mill I know i would be preparing a strategy to take them down. :)

Well it went from £1.50 to £1.94 in twenty days at Christmas so it can quickly change and go the other way.

This is purely Greenvale's short who have pushed us down hitting stops on the way. They struck lucky with some Macro factors playing into their hands at the same time.

Question is, they don't seem to know when to cover and missed it last time, so they are back to try again.

They ONLY make profit by buying them back so unless there are buying back very very small amounts we will know when the bottom hits.

Sadly, they will then take a long position and make money on the way back up.

The problem with this share is that there are no big boys constantly backing the long position so its retail traders vs Hedge Funds and who has more capital to force the direction of the share?

We have to have a positive day soon other wise it will just keep going down to zero day by day. Will that happen? Not a chance?

I do wonder though, in between sales and supplier meetings whether the BOD have a look at the share price and think "oh dear down again" "shall we do anything about it?" "nah, lets have a cup of coffee"

Oh its all just horrible isn't it! Brexit still not getting its conclusion, corp earnings down, Political Party Defections, shorts putting pressure downwards, top of a bull market, and a silent BOD. Its no wonder we aren't shooting past £2.00 sadly.

However!!!!! This isn't a one week investment, nor is it a one month investment. Lets see where we are in 5 years time! Easily £3.00 +

Can you wait that long?