Member Info for streets36

Shorts also target good companies with high liquidity in between updates and capitalise on any slightly negative media who's only reason for printing the "story" is to sell news papers or get more clicks.

The fact that Merrill were not too long ago positive and all of a sudden negative is laughable, hence why we are rightly suggesting there has been some foul play.

Greenvale are new to the game and very likely to slip up like RBC. Sentiment is about to change in the run up to the new CEO taking over.

This company has been audited and is in a very solid state with a huge amount of cash on the balance sheet. Very professionally run finance wise. Nothing like the usual short targets where they have been proven right.

Any day now, the PLT deal will be announced with a sweetner for shareholders. Do you really think that both family run companies wouldn't arrange a fair deal for each other? They are already rich beyond anyones' imagination so no one is going to screw anyone over. Its been orchistrated as a trump card in the back pocket.

If Marshall were clever they would use Greenvales latest short to close out and leave them high and dry. But they only reason they haven't is because they actually haven't made much profit yet.

A lot of stops will have been set at £1.80 or just below, which is why their robots have been trying to push us to those levels. Also watch the morning pattern. Initially up, then sharp sell off then flat.

Does anyone really think we won't see £2.00 again if the Boo group keeps growing year on year? EVEN if growth slows or its has a bad period, every company does. Its doesn't matter the share price will match the value of the company eventually an not just expected growth. All will level out above where we are now.

Keep holdiing, shorts are vultures and stink of insiders trading, but on top of that they DO get it wrong.

Very typical situation. Negative Media and an increasing short... I agree with all of the below, it stinks of manipulation and insider trading. Might have a word with my MP or start a petition to get short selling banned. One was started before and its been banned in other countries. Its funny how this came out when we breached £1.90. Seems the big boys are helping each other out.

Saying that looks like Greenvale Capital are an amatuer outfit. Their fund hasn't been up and running many years and look at the people who own it, there is no real pedigree there. They are just imitating the other professional funds. I'm more pleased to see Marshall reducing.

Never good seeing red on the the charts, but remember the positives and that the fundamentals will win out. Nw CEO soon another update round the corner.

The market for clothes is HUGE!!! There will be room for more than a few players to make decent profit, but competing with Boo is getting harder and harder for smaller firms with their economies of scale and Marketing clout.

Come on Boo lets have a sneaky RNS to teach these vampires a lesson.

Yep, I completely agree. Just venting. I know and accept its not a level playing field and it really is about patience at the mo. I just wondered if we had a few more days above £1.90 whether we would have built some stronger support and continue an upward trend.

As you say the MMs are also playing this and just making money on the ups and down of the sideways trading pattern. There will be a time when the sun is shinning, Brexit will be over, Sales will be up, PLT will be all ours and we'll get a fat dividend lol The good thing is my experiences trading Monitise and Quindell have given me a good ability to stomach down days haha

Its bounced back a bit today anyway!!

As you were peeps

Boo really does suffer from some unlucky timings. It appears Merril Lynch have given a Neutral rating and down graded Asos, which is tanking today.

So annoying, it was just as we broke into £1.90s. Although for some reason it didn't feel like a normal breakout.

I wonder if a short will come out from a fund associated with Merril Lynch. If that is the case I'm straight off to the FCA for market manipulation. I actually think we may see some shorts closing after the rise from £1.82.

Anyway, in a few weeks time as usual people forget, things seem more positive and we will be on our way back to £2.00.

Next time it moves to £1.80 I am putting in £60k. Tired of watching it go up and down and missing out on trading it.

Interesting to see the correlation between the Short movements and the Share Price.

Yesterday for example, we open up trying to get past £1.90 then all of a sudden it plummets back down to £1.85 and sure enough GLG upped their short yesterday.

They really don't want to see it break out and are trying their hardest to keep downward pressure on it.

I can't help thinking that they wished they had got out before Xmas when we were much lower. They missed their chance and now they are looking for an exit, but not finding it hahaha

Think their Quants need to re-visit their models as they are not working. Perhaps they were busy in Games Workshop. hahah

Its having a good crack at £1.90. Not quite breaching it yet, but the more it hits it the bigger the breakout, so expect a swift move up to £2.00.

Not sure if it was a sell or a buy, but time will tell.

Still can't believe the shorts are just sitting there. They must be getting bored by now.

Guru is such a joker. I reckon he would be good value on a night out. Has he even recommended his own post haha

Nice to see a bit of a rise in the right direction. As much as i'm an optimist, i don't get too excited unless its a move with conviction as mid day it will drift downward as the sells flood in and people risk off on Fridays lol

Would love to see it push into the £1.90's next week as when it gets closer to £2.00 sentiment will change and we'll get some real momentum.

You'll also start to see positive articles as the press likes to be right once the share price has moved not before it and try and add their justification to make them look like they know what they are talking about. Like the Hargreaves writer who said the share price is down because kids are about environment issues. Are you kidding me? they care about how many products they can get for £20 before they go out on Friday night. Out of touch!

There are some good explanations if you Google what Short Selling is or You Tube?

Very typical, tried to rise this morning. Shorts didn't like it, pulled it back down. Ammo running out now. They must be so annoyed this hasn't dropped further.

They can't sit like this forever. They are a lot less flexible than we are. They will be monitored on their performance and the lender will want their shares back.

I don't actually think they have profited that well since they took their positions.

Come on Hedge Funds, move on!

lol I noticed that too.

What.a.joker! He even puts "Guru" in there so he can be identified, unless its some other idiot.

Another sideways day. Like watching paint dry....

Waiting to break either way.

The share price is just trading side ways at the moment, so boring to watch, but would much rather it forms strong support at £1.80 than drop again. Having seen no changes to the amount of shorts I think we have just hit stalemate. For every buy there is a sell lol and so we just stay still.

Hopefully they will run out soon and we can move on. Doesn't help that we are out of catalysts for the time being. Pretty sure they will want to close out lower than £1.80 though. Perhaps they should just make a move and be done with it.

Still, you never know what exciting RNS' are lurking in the background. I reckon any day a Pretty Little Thing deals will pop up. We all talk about them like they are owned by a completely different company, but its all family assets so why not cut a deal that works for all? (including shareholders).

I really think its Boo's trump card and they will use it wisely.

Look forward to end of year update, new CEO, and a burst of cold weather to give us a boost in winter gear sales!

Shame we pulled back from the progress we made at the end of last week. Seeing no change to the Short Tracker since the day before the update is intriguing.

Perhaps they held their ammo to push it down more on the day as opposed to upping it and taking the risk. I wonder if they missed the opportunity to close at £1.55 and just held for the results. They will get bored now and move on.

Boo is definitely due some positive movements soon pushing it to £2.00. i don't really care if growth slows a tiny bit every so often. Law of averages says it will. As long as the overall direction is growth and profit then that's all im bothered about.

I find the Motley Fool articles a bit annoying and amatuerish. One minute they are bullish and the next bearish all with childish overly dramatic headlines to get clicks and their ad revenue. Look into the background of the people writing the articles and they have no credentials.

Guru put out a positive post and its not April lol

Hi Chancers,

I agree and sometimes it feels uncomfortable to add more on dips, purely because you are adding some degree of risk, but as you say when it starts rising past £2.00 you will be so glad you did.

Even seeing today it started to make a confident upward movement and was shot back down, so typical of short action.

Lets see what the tracker says later.

Or as I'm in Central London I might pop over to Marshall Wace and pull the plug on their servers lol Their Algo's wouldn't like that.

The Stock Market is a confusing place sometimes. Reactions do the opposite of what you expect and even when you try and follow that trend they also do the opposite haha

I really don't like trading on results and the old "buy on rumour sell on news" applies more often than not, but one thing I have learnt is it really does pay off to just buy and hold if you have conviction in the company. Its like what Warren Buffet says in terms of ignoring the share price in the short term and eventually the value will match the price.

He also says he would prefer to buy great companies at fair price than rubbish companies at cheap prices so although Boo may be trading on high growth multiples (in some peoples opinions) its still a great company and is being managed very well. i love the fact they have a solid balance sheet and are growing whilst still maintaining healthy margins. The fact that they achieved this throughout a very competitive peak trading period is remarkable.

The key questions is how long are you willing to hold to break even or reach your profit target!! Its that, that will take the anxiety out of holding the share.

i suppose its the difference between trading and investing to an extent, but I get the feeling that a lot of people here want to make a quick buck ie - profiting from within weeks to a month maybe.

I am keeping an eye on the Short Tracker today as it may reveal a bit more about Tuesdays fall.

Nah, like someone mentioned on here I saw that it wasn't going into Auction at 8am despite briefly flashing £2.10 and spent 30 seconds trying to gauge where it was going and very quickly saw it was struggling to break even yesterdays price so just sat out and then watched the free fall lol

It wasn't fun watching it and didn't go how i expected, but i am taking some comfort in how Boohoo has pretty much performed the best out of what has been termed "the worst November on record".

However, that was also Mike Ashley making some self serving comments regarding his asset stripping plans.

I do think the results were very positive and i will be using £60k to average down at some point, but will be fairly picky about an entry point even if I am happy to hold for a long time.

You can't ask much more from Boohoo at the moment. They released a great update and the Margin was better than I expected. They are keeping cool as well, rather than rushing out any other RNS' to calm the market yesterday.

The outlook is very positive for Boo, Brexit or no Brexit taking into account the size of the clothing market across the World. So no negative comments on their performance.

As for yesterday a few main things stand out:

1. None of the shorts closed out before the results so there was downward pressure from the outset and clearly they have plans going forward to keep shorting the stock. The question is will they have a target price, close and move on or do the old rinse and repeat. They do need to return the borrowed shares at some point. I hoped they would use the volume to close out, but clearly it was too higher price for them and they would lose profit.

2. I dare say macro factors are making people risk averse for some the short term. I mean if its one thing Markets don't like its Government changes especially a potential Labour one. Not that I think this will happen, but some people will prefer to have cash rather than risk. Longer term people may be thinking World Growth is slowing and we are getting towards a more normal interest rate environment and the Bull market is running its course etc some figure from China prob didn't help

3. in terms of Valuation, I can't say whether the market is bringing it inline with what they think is fairer value. Something is worth what people are willing to pay for it. Even trying to compare it to similar companies in the industry is difficult because they have different growth rates and business models. its no secret we are paying for future growth and the earnings that come with it, but for people to say its just too high without justification is a bit silly.

So very encouraging update, just need to get rid of shorts and wait for Brexit to play out. Looking forward to Summer!!!

I agree with that because whenever people say its P/E Ratio is too high I ask what price they think is fair value and 99% of the time people don't have a clue. i think Guru said 80p, but what do you base that on? Its a whole different story with Growth shares.

What more do you want from the RNS?? Its stunning set of results. The problem is most of you want to make thousands overnight. Don't take the forums as advice, do your due diligence. When it comes to investing your own money be comfortable with where you are putting it. People are only offering their opinion. Its very lazy to not do the analysis your self and just take a punt based on what people say here.

Of course there are external risks, but if you look at the long game the ups and the downs will play out. Just look at the FTSE chart or the DOW or NASDAQ.

One thing is guaranteed. Companies will always need capital to grow and companies will always pay Dividends when they make enough profit.

I think you need to adjust your time horizon for investing then you will be less emotional.

I can and am happy to hold for 20 years.

Before you try to school me, I have been in and out of Boo since 30p so I am well in profit. If you really want to see my ISA trades you can, but its not about that today, its about staying calm and enjoying the fact that Boo is outperforming peers and releasing great results.

Ok, Mr Guru of Negative.

I will make a bet with you.

3 Boohoo share says this will finish over £2 and the Short Tracker will have reduced?

+ £2.00 finish easy!

Bye Bye Shorts!!!

Wait for the tracker to update.

Warren Buffet says "hold great companies forever"