Member Info for triumph1

This is definitely a weighting recalibration. Boohoo has risen a lot recently, so funds sell down as an individual company's SP rises to maintain the desired weighting.

Any good noises coming out of the war this weekend, the wider markets could do the heavy lifting and will see this gap up on Monday above 100p, turning it into immediate support. That's the ideal scenario.

Each have their own strategy and those who brought in the 60s and 70s have a nice wad of change for a couple weeks work so will naturally take profit. Personally, I'm not here for change, and this is feeling like winter 2020 all over again where the "covid stocks" 3 bagged in a few weeks. So many sold out with their 20% and kept waiting for a pullback that never happened. Once sentiment comes back and takes hold, beaten down stocks become steam trains. Block their path and you end up getting obliterated. It's safe to say that this is the beginning of sentiment coming back to us.

The market doesn't hang around on a turnaround. Blink, and this could easily be back above 200p!

Fantastic week with a first test of 100p already! If ot wasnt for 100p being a big psychological barrier, we would have been 6 or 7% up today. Let some of the traders exit stage left (looks like some already regret exiting too early lol), and let us LTH who look to triple our money ride her back to fair value. Set up beautifully to have another crack next week. Once 100p goes, straight to 120p. Then watch those short positions fall off a cliff.

Washing machines will be whirring this weekend in the shorts camp. Lots of brown stains to clean.

Looks like the shorts are in a bit of a pickle now. MW have no choice but to unwind very slowly as too fast will cause a large spike and mass exodus of shorts causing a squeeze.

Add to the fact that we got buyers coming back, things are going to get explosive here.

Wait for 120 for the real party to begin. In the meantime, loving these daily rises despite wider markets being weak.

Looks like happydays has called quits and sold today.

Eerily quiet from happydays after his "gamechanging" RNS.

Or they will get burned by doubling down on their short after a TU that showed things are no longer deteriorating and green shoots are appearing in the form of unexpected return to growth in ROW. Also MW massively reduced.

That's a fine way to get yourselves burnt. Who knows what level these shorted from, but doubling down on their short in the mid 70s has just increased their risk exponentially. 100% rise will completely wipe their position and most of their original profits will be dust. 200% will see them lose double their initial position and nurse a massive loss. At 120p it will be time to close. At 140p it will be panic stations. At 160 and beyond, there will be brown plumes above their offices if they are still holding.

Looks like it could be another good day tomorrow. Sights set for 100p with 120p being the critical mass threshold for a short squeeze induced rise. Of course some good noise from the company and more institutions taking shares off the market will also add fuel to the fire. Ocado is a good case study, but at one point I think they were over 20% short.

Haha shorts feeling the burn today. Everything booming. Great day today.

Let's get this above 100p and then the burn really starts

Indeed caipi65, and envious of your holding.

I sure did make the most out of that last dip however, and will be doing so on any dip that happens here on out.

I would go a little bit further dimi and say that of course amazon who are for all intent and purposes a monopoly and many people can't live without have big pricing power so will be the first to make cuts.

I see it as a pyramid structure. Your household brands and businesses that people can't live without will be able to increase prices first. Then the 2nd tier will follow and so on. The only issue for asos and boohoo are that they are fairly low down the pyramid compared to others. However things eventually do filter down and cost increases are inevitable....its just a matter of asos and boohoo waiting their turn and not jumping the gun which could prove deadly.

I believe it has now filtered down to asos and boohoo looking at boohoos last TU so margin and ebidta erosion should remain flat and not drteriorate further. But yes, on downturns asos and boohoo will always be slower to react as its the nature of their business and demographic.

On the upside, when things subside and inflationary pressures ease, it will be a race to the bottom again in which boohoo and asos thrive.

Boohoo stock staying elevated despite ftse drop. Ominous signs for the shorters to get out whilst this remains below £1.

Things are only just getting started here.

Last chance to get in sub £1 by looks of things. Now its time for the pain threshold of shorts to be tested. At £1.20 they would be bricking it, especially the ones who foolishly increased on the turnaround TU. Then we will see boohoo really take off as these unravel.

Comparing this to crimea and Georgia is a bit odd. Ukraine is vastly more pupulus of which virtually all the population is hostile, vastly bigger and vastly more symbolic for both russia and the west. This is going to be a very drawn out affair, and sanctions are not going anywhere anytime soon. The only way this would end well for russia is if putin is removed from office and the new government immediately pull out of ukraine. Fat chance of that happening. Whilst putin is head, sanctions will remain.

With evraz, the russian assets are valued at zero so may as well be completely written off (which the market already has).

The company would be better off cutting out the rot that is russia and working with whatever assets they have left. Easier said than done of course, but this is the only way shareholders will see anything again. This is the risk of operating mines in such volatile geopolitical areas.

Up we go after a few traders taking profit. I'm not interested in 20 or 30%. 3 bag then I'll consider position.

Looks like China is slipping off that fence and dropped a shoe on the west's side. China are the only ones who can reel in putin and putting an end to this war.

How do you fancy a peace prize xi? Think what that would make your regime and global image look like. Covid would be forgiven in a flash

An admirable day by boohoo considering the wider market not being on our side today.

It's just the beginning of boohoo coming back to where it should be. 150p for starters and then we can go from there.

Trolls can try all they like. P&d this, rubbish results that. The fact of the matter is the ship has now been steadied and capital will begin to come back to the sector. A great day, and here's to many more to come.

Saw it on ASOS. Traders and shorters got used to their BOO TU payday so thought it was a sure thing.

Got sucker punched back to reality today. The reality being this is cheaper than dirt.

That TU was definitely a turning point and BOO have finally bottomed out. As long as the macro situation improves, back to business as usual for BOO. Well, not quite usual as BOO have been stress tested to the max, and will come out of this a bigger and more robust company.

Days of this being a penny share are well and truly numbered.

Agreed Damien. Many companoes have posted negative growth during this period. For BOO to still post double digit growth on top of 2020 despite record headwinds like no company has ever faced, I'd say they must have a pretty good business model. Just imagine once the headwind brakes are released and inflation eases back.

This signifies an end to the terminal decline. If things deteriorated further, I was ready to sell up as enough is enough, but on that RNS, I'm not selling a bean and a return to highs is still on the table once inflation and cost headwinds recede.

No sell off in the afternoon on the eve of a TU for once.

Gl all. If the results at least meet expectations, it should bode well for tomorrow.

Would be happy with something along those lines happy. Enjoying the blue skies today. Would be nice to see return rates coming down too. Certainly not hoping for or expecting fireworks, but looking for something to steady the ship.

Let's hope the US don't piis on our parade

Well I timed that pretty good. Watching others having a bounce and knew that THG is a slow burner but ultimately wouldn't be left behind, i stuck in 15k shares at 80.7. Soon as that happened, we had lift off.

I'll take the credit haha. You're all welcome.

Oil companies seem to be in an envious position at the moment. Global stocks are selling off but oil and gold are tracking each others movements and moving inverse to the markets. So whilst global markets sell off, oil increases so acts as a hedge against the wider sell off which shelters oil companies, even dragging them up.

That's why the dip the other day was massively brought into. Conversely, if oil dropped, oil companies would still rally as they get dragged up by the wider market.

One thi gs for sure, Q1 earnings will be through the roof as I can see oil above $100 for the foreseeable future. Forget wall of cash, shell will have a mountain of cash to pay down debt, renewable investments, buybacks galore plus another dividend increase.

Good Times are well and truly back for shell holders.