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This is being ramped like crazy. Those 4.4million shares sold for 2 mill yesterday could easily be distributed to Joe Retail in the coming days at higher prices. You have no idea if that is going to be a longterm hold.
'I note the mandatory triple covid tests now required must be done using NHS test & trace and they cost £105 each.
(This applies to everybody returning from anywhere abroad and doing home quarantine, etc, not just red listers)
So £315 per person upon return.
----
Family of 4 - £1260
That is just on return testing from any holiday abroad.
Add on the outbound testing costs £420
That £1680 on top of the holiday costs.
----
For a single person £420 all in (£105 out and £315 return.'
Plus the UK airport hotel costs if returning from a red list country.
Bad news coming out of the US re AA. Going to fire 13000 more staff. Were expecting things back to normal by Summer. Now seeing a repeat of 2020.
AA letter to staff at below link.
https://www.zerohedge.com/economics/american-airlines-warns-it-will-cut-another-13000-jobs-it-burns-through-latest-bailout
@Elkarter - What short term volatility yet to come are you thinking of? Covid lock downs again? The US President stuff? Or what?
TIA.
Was today mainly shorts covering?
By close we had about 4 million quid of shares bought and 10 million sold.
The rise the past week from mid 90's has taken me by surprise. I was not aware of the Ocado news. But I would have expected the rise today to have seen more buyers and not sellers - what am I missing? (Genuine question.)
Seems to have bottomed. I am kicking myself not buying in on Monday. The charts looked a good buy last weekend but the news from the national newspapers most of this week has been possible lockdown here, possible lockdown there. Now here we are on Friday - up 20%
Within 2 miles of myself there are 3 Greggs outlets. More as you travel futher away. Two are in a city centre. One has looked pretty deserted and dark when I have passed recently - usually it is heaving and I have felt for the staff working in it. The other was also mostly deserted. A member of staff, who was lovely and polite, was standing outside telling people about H&S before entering the shop.
She said something to me about hand sanitizer and masks also IIRC - I was not really listening as I was checking out the customers inside. Just two. The whole sanitizer thing put me off. It was before masks so she might not have said masks. But it was enough for me to walk on by.
The other shop near me is at a seaside resort. It seems to be doing well. Have seen queues outside. But it is in a resort full of cafes and pubs which have all remained closed. No wonder they are doing good business.
Just a small sample of what I am seeing. What is happening in the big cities will be the tell.
The UK newspapers are like a dog with a bone once they get a sniff of dirt like this after the Sunday Times article last weekend.
I was rubbished by a few yesterday when I suggested that the Sunday papers would have done more investigating and probably have more bad news stories this weekend. My mistake - they didn't wait until Sunday.
This would be my concern now on a Friday.
Will the Sunday Times or other papers have a Sunday investigation into Boohoo and how its clothes are made?
This ramp up at the end of this week feels like a pump & dump. Allow the big boys to get out? You would have to be very confident going into Friday holding onto these shares IMPO. Best of luck to those who do.
£2.00 area was a line for it to bounce at. Nothing technical there. Just people seeing £2.00 as a mental bottom. Or some bigger boys not wanting it to fall below £2.00. It would not surprise me to see it turn over and head back down.
Anyone thought about their impact on the SP if - especially in the current climate - the allegations are not good PR for the own personal brands of the Kardashians?
Presumably they make serious money from BOO - and that might keep them on board - but I would be concerned about them abandoning the brands over these allegations. A tweet or instagram overnight sometime.
I have not followed BOO closely for a year so I might be way off the mark re how the two - BOO and Kardashians - work together. But that family is a major influence on what a certain female demographic buys and from where.
There's a big gap now in the charts from where we are today down to low 2.40's - and often stocks like to come back and fill the gaps on charts.
You also have to look back at the charts over the past couple of years to see that the stock has developed a habit of topping out around end of Sept and then going lower into the end of the year.
The RSI is showing that the stock is very over-bought.
Before I would buy I would want to see that gap filled or the stock to retreat down nearer the 50 day moving average. That gap close is about £2.42. The 50 day is about £2.29. I would like to see the RSI come back down as well.
Just my two cents.
My concern here would be that it looks more like a double top going back to Sept 2017.
If you look at the charts we have a tendency of shooting up on these results, topping out and then beginning a long, slow decline into December. It happened in 2017 and 2018. Will 2019 be different?