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Very interesting that we are seeing other retailers with poorer results up this week after Tues's fall but this stock is still weak. Methinks something is going on which suggests to me accumulation by someone. I would not be surprised if, at some point in the next year, they are a take-over target as they are growing whilst other wel-known names are having troubles with clothing online.
The big boys will continue accumulating I suspect. This is clearly the growing UK retailer.
Once Brexit has come and gone uncertainty will be removed and IMPO this share will fly. But what do I know.
I think the company was very naive to release a TU this week let alone on the day of the Brexit vote in Parliament. The markets were / are panicky this week. I honestly think the SP would have held up better if the TU had not been this week.
I also think they need to listen into some of the US company conference calls to learn how they should be done. If you have good results then shout them from the roof, sound positive, be positive. Have some excitement in your voices for the great results. British reserve is no good if you want to be running a global business.
I thought the conference call was very blah! How would have Elon Musk or Mike Ashley have handled that call I wonder? Dynamic?
@Valuerebel - yep, this Europe thing is a right mess. Basically a fudge by politicians determined to keep us in the EU and holding sway over a democratic vote. /RANT OVER.
Problem is that we do not know what will happen tomorrow or how the markets will react on Wednesday morning to whatever happens. I personally think being in cash on the sidelines now is the safest option. FTSE could crash or soar on Wednesday.... or do nothing... but getting a good night's sleep tomorrow and being up early on Wednesday seems to make sense.
@gggg21 - best of luck if you buy in again this lunchtime. I am staying out for the reason I mentioned above. I suspect that BOO will gap on Tuesday morning when the maket opens. Whether that is a gap up or down I don't know. But I do know that if I buy today's BOO price of circa £1.90 and it gaps down then I would be in a pickle. It might be a repeat of October and then just head down for several months.
@Valuerebel mentions that ASOS perhaps looks a better play than BOO from what we know at the moment. I agree with that. If the markets like whatever Parliament does tomorrow then it could be a good bounce for stocks like ASOS on Wednesday.
Isn't Bangladesh where farmers were promised big prices if they flooded their fields with saltwater in order to farm prawns? Once the fields were flooded the land was not good for anything else and the price of the prawns plummeted?
I am sure if they want farmland to dig for coal that they will get it one way or another. Not ethical. But these things happen where such huge sums are involved.
I have no idea what is going on with share or why it is soaring. I assume, from the posts, that you all think that China has done a deal to buy coal and that this firm will become key in coal production for China and its new Silk Road? Well, that is the impression I get from reading the past 3 days of posts. It all seems rather confused and a bit rampy to be honest.
But best of luck to you longterm.holders. I hope it turns out profitable for you.
Should have added that this Brexit vote is a right mess also. I am not even sure what they are voting on - which I suspect is the intention. Confuse and tire the nation.
Some media reports saying that come Wednesday the govt could be in crisis mode with May out of a job. How will markets respond then?
I had a browse of male / female clothing last night. Nothing scientific. I was a bit shocled by the discount prices - the so-called sale prices to the rrp listed. Lots of stuff was supposedly 40% off rrp. Some over half.
Whether that tells us anything I do not know. As you say, margin is the thing no matter what the sales numbers are.
Didn't ASOS do that big bounce on the Monday that a big fund happened to be selling about 2% of its stake? Some coincidence.
Margins even slightly below expectations will not be good. Look at the uptick at the end of Sept - share price went up into early October but then down from there.
Think we need good margins on Tues. Not even just slightly below.
Do we have any idea of how much BOO might have been cutting margins - if at all?
I overheard a conversation that that suggested that BOO had an almost continuous sale throughout November leading up to the so-called Black Friday period? I know that ASOS was doing this but am unsure about BOO and how long they had sales re November, December?
Thanks for the link.
So was the stock pumped on Monday in order for Camelot to reduce their stake? I know that is not going to be a welcome question here but it is one to consider if you are sitting on very healthy gains.
FTSE closed up as the US market moved up briefly before plunging after Europe closed.
In theory Monday should be catch-up carnage for the UK.
hxxps://finance.yahoo.com/news/target-walmart-see-steep-losses-000314655.html
hxxps : // www.marketwatch.com/story/micron-shares-drop-as-sales-outlook-falls-1-billion-short-of-wall-street-target-2018-12-18?mod=hp_minor_pos20
The 100,000 share buy each by bosses did not impress IMPO.
I suspect everyone is wary of what the US Fed announces tomorrow. People bought the bounce after the sell-off but do not wish to be around in stocks tomorrow just in case the markets tank.
Hard to say where these markets are going from one hour to the next - tomorrow morning is a long way away. Let's see how China reacts overnight to the US.
Yes, US markets could have some kind of bounce tomorrow - would that be the bottom or just another dead cat before going lower? Toss a coin. Everyone has an opinion but no one knows.
Me personally - I am doing nothing until I see what the US Fed says on Wednesday AND how the US markets react to what they do. Dependent on that this week might mark a nice bottom before we get a few months of up. Or it could be massive panic as the markets crash. I don't know how the markets will respond. No one does.
Do you feel lucky?
They defended the SPX at the 2532 line to the dot - that I posted about a few hours earlier - where it then bounced in final 10 - 15 minutes of trading. Saved the market.
But the Russell 2000 is now down 20% from the highs earlier this year - official bear market. And the VXX has a candle that looks scarily similar to one just before the VIX soared in February and the markets crashed.
Markets could bounce here but there is a long way down from here. Be careful.