Last few days1 Oct 2020 19:42
Hey all, I have followed this thread for a few weeks but finally registered so I can comment. This thread has been a great help since I bought early August, if you can filter it though all the rampers and derampers there are some really useful tips and advice. I too have seen my boohoo shareholding drop about £4K over the last two days, which of course is hitting but really all it means is as long as long as you don’t need to sell straight away it’s more of a time issue than losses issue. The price will go up, I watched the boohoo shareholder live stream yesterday and the company is going places, it’s just the price doesn’t reflect it yet, we need to hold on a few weeks longer. In my opinion (and of course I could be wrong) over half the people that were on this thread bought cheap, all waiting for a positive slavery report outcome, and good results, once that had happened they planned to sell. This is exactly what has happened!! The share price may of not been up in the high 400’s but it was profit so tons sold immediately resulting in the share price going down, then al the price was low people toyed with whether to sell or stick but as they were hoping to sell on results day they have taken cut profits as they wanted to move onto the next share. I think we were all expecting a higher price yesterday morning but I think we also expected that to shoot down with all the sales of people cashing in on profit, that’s exactly what’s happened, just at 400 down to 355 instead of 450 down to 400. It will take a few more days of people toying whether to cash out at a smaller profit and then it will start to climb again, as this is a good company, big expansions, good profits and a cheap price at the moment. Give it a month and we will be where we all expected to be yesterday.