Member Info for tawse57

@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.

'I’m neither a ramper or deramper in here - already accused of deramping. But I’ve got to admit if you are using the daily mail as your news source on this you are a moron.'

What a ridiculous comment.

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.

Thanks.

Have any directors made big purchases of shares since this scandal broke?

Yes, I did. I am wondering what else will be coming out this weekend? I would be very surprised if other newspapers have not been investigating.

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.

Anyone know why #loveprettylittlething is trending in the UK on twitter?

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?

Never saw that coming. So much for BREXIT fears being sprouted by the usual suspects in the media and politics.

Well done anyone who has held. I was convinced that we were going to do the usual long, big decline after the next results.

No doubt that shorts are covering today. So let's see if we retrace much of today in the next week or so.

Probably explains the share price creeping up recently. There are always people in the know.

Question now is whether it is a sell the news event.

The public want more exotic stuff these days.

Probably a bit of both re the UK markets.

With Boo I suspect it is also the usual pump and dump run up to the next results.

With the US Fed announcing a rate cut tomorrow the markets could dump, soar or do one first and then the other a day or two later.

So this pump of London stocks could also be distribution.

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.