I suspect Britbox got people excited. They have no idea what it is but it sounds all techie and internet... and that's what Netflx does doesn't it... so buy, buy, buy... Oh, hang on, it is a way of selling old programmes to people.
@Greens43 - what happens when the knicker models start to want more cash? Or when one of the other dress makers cottons on - pun intended - that paying the celebs on instagram is the way to corner the teen girl market?
Perhaps we will have a knicker model bidding war where the only winners are the knicker models themselves?
I sold out last Thursday thechancers after being underwater since January. I made £1200 and walked away relieved. Not happy - relieved.
If it goes back down to circa £188 to £190 I will consider getting back in but in a small position. I think the US markets will roll over soon and take everything down so that MIGHT be a buying opportunity.
You may be right and we see 240's. But everything is a guess with any share but seemingly especially so with this one.
Yep, hate to say it but I think this is distribution by the big boys & girls who bought big chunks lower yesterday and last Wed/Thurs.
Not going to get any fans here for saying this but I can see low £190's and even £180's in the week ahead. Then we begin the run-up to the next trading announcement. Hope that I am wrong.
These figures are amazing results and THIS is the quite muted reaction to them? Just read that £80 million is being spent on knicker models on instagram - kardashians, bladwins, etc. At what point does that spend stop working for them?
Some biggish buys today. Lots of small buys also. So someone could have been accumulating but wanting to keep the price down.
On the chart BOO is well above the 200 and 50 daily moving averages, 3 of the last 4 days outside the top bollinger, blah, blah, blah. I think BOO is going to need to blow away every result tomorrow to go higher and not be sold off. Even if it does rise tomorrow I would be wary of that October top just below £2.50. The CEO needs to blow away the conference call as well - none of that British reserve b*llo*x.
No idea. Never know how this will react to results. Unless everything is fabulous then the big boys seem to sell this off.
Profit can be good but then they use profit margin as a reason to dump the stock. Profit and margin are good but then they use future sales forecasts to sell the stock off. It seems to me that BOO is a stock where every single result has to be superbly positive in order for the stock not to be sold off.
Summer is best. Brexit on hold so summer holidays should see lots of bikinis, shoes, dresses, etc, sold. If Boo is going to have a good time then the summer should be it. A nice heatwave is what all the retailers need.
But no one knows how this stock will respond to good results. Anything other than superb and it sells off. But even when it has good results it sells off.
@ggg21 - I just did a stupid trade. IIRC I paid something like £198.XX. It spiked up and I bought on the good results ignoring the obvious sell the news event.
So I am very relieved to be out with a nice profilt but I suspect I will only trade BOO on fundamentals now - i.e when it reaches over-sold on the charts. I broke my rule when I bought and bought into an over-bought stock. Just as it is over-bought again.