Well the De rampers were correct4 Dec 2021 09:57
Well i have to say that all the negative commentators were correct with their 150 to 160 price tag and yes the Shorts have controlled this company share price from well before September to where we are now, However it has given me a great opportunity to average down buying when others are fearful and will buy more on another 10% drop and lets face it , a 10% drop will take the SP to around the 145 mark which was the lowest price that we seen in 2018 when i first got involved with buying BooHoo on the road to making a lot of money from this stock and very often more than covering losses on my whole PF.
Today i am looking at the upside over the coming years, the CEO has a task to hit around 6 Billion to achieve his 50 million bonus, I cannot see that happening now but just remember, That target was under normal living conditions way before the Virus where footfall was just the norm and shopping on line was just the norm, So if shopping footfall is going up, It will just go to the norm before all of this Virus stuff. However people are using online more, this is proof on how supermarkets have had to adapt over the last 21 months and a good chance that this way of shopping will continue.
Like i said about, The share price has been controlled by the shorts with people scared to buy, But like i said, even if we see another 10% drop, Its nothing to what the SP could be in 2 years time.
I am a long term holder looking for more than a 10 to 20 % profit, Most of my shares in my PF i have held now for over 2 years and they are doing well, Most are Dividend paying stocks So i might be on a paper loss with Boo, But my PF is well up. Like a famous investor said, Buy when others are fearful
GLA , Enjoy the weekend
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