Member Info for usually_right

i dont know their positions but its likely they will have sold into today to bring their average higher. its likely they did a lot of covering from the lows to book profits and they may be using this bounce to assert their position. it they have, you can expect more media activity from them in the future.

sometimes its better to travel than arrive.

the shares had a good run into the results and the release today also had to contend with fresh accusations from shadowfall. well timed of course, but such is the nature of this seedy business called trading and nobody should be surprised.

personally im waiting for the gap to be filled. it may not, but the argument is that the majority of the positive newsflow is now out and its clear the shorters will use this to their advantage.

fresh accusations on their twitter feed
https://twitter.com/shadowfallcr

as i said before. its a wh*res business. folks will do what they can and weild what they can when they feel it provide maximum return. with shadowfall maybe the shares would be higher, but as often is the case, if the journey is a long and satisfying one, it is often better to travel than arrive.

the thing about stop losses is they don't work if market gaps. they will get filled but at the first available price printed. so if you have shares at 100p with a stop at 90p but the market opens at 80p, you will be filled at 80p. so stop losses are fine during the day, but if big moves are expected overnight, they don't always save you money.

sometimes it is better to travel than arrive, but if there is a significant beat or any additional unexpected news, shares can travel higher. similarly if there is a miss, but less than expected, shares of that companies can open higher. yes there has been a run up and if they simply meet, then there is room for disappointment. however it looks like conditions were ripe for boohoo to outperform as far as trading was concerned. we shall see tomorrow.

if they miss, that gap is likely to be filled given what you have stated. however, i would not put the house on that happening, rather if events were to unfold that way, you should still be able to trade that miss before the gap is fully filled. anecdotal evidence suggests the news tomorrow will be good. how does that affect the shares? good enough to move the shares to new highs? we shall see.

flash high at 395,2 then 405 are the nearby topside tech res, followed by 415 the highest close to date and the rejection at 420. and finally the all time high.

given the esg problem, its likely few funds will be materially invested in this one, but can be seen in a good way in that there is the potential to gain fund support as the company works through its esg issues. the company has claimed this week that the 10m set aside should be enough to set the leicester production problems straight, but even if costs were to rise, i don't think an extra 50 pence on the price of clothing is going to make a material difference for their customers, so margins are unlikely to be affected. as for turnover ex boohoo.com, i think they stated its less than 2%, so ventures with asos and next aren't material to the core business.

right now the market is soft but it should get a bit of support later in the day due to renewed brexit talks. as for boohoo it should outperform its sector today whatever the mkt does since results are tomorrow and expectations are positive. what happens after that is up to the results and announcements, as future plans will be just as important as the figures themselves.

will outperform sector today given results are tomorrow but needs a beat tomorrow to have shares open 5-10% higher. simply meeting expectations will result in a lower open. but given broker upgrades so close to the results, its unlikely there will be material disappointment. while shares remain under 385 there will be the potential of strong upside tomorrow if the company surprises

a slight digression but anything official in world of finance not worth the paper its written on. important to note it lets you legally talk BS, it doesn't stop folks talking BS. an important distinction.

385 was the low the day before the sweatshop news broke, the high being 405, so both are key on close levels.

assume everything on internet boards is fake until proven otherwise. that might mean digging up past financial reports or reading through corporate news releases yourself. you can access past data on line free at https://www.investegate.co.uk/ here you will find corporate reports and news releases. they don't deal in rumours, just the real news. its a good start for fundamental research and enough unless you plan to trade short term, for which you should be prepared to invest in a strong newsfeed and real time prices, along with a charting package. you may not particularly feel technical levels on charts offer anything, but because literally thousands do, you should be aware of levels of technical interest, as it often becomes a self fulfilling prophecy.

no link. on my reuters based news feed. released 90 mins ago. just the flash headline. for the whole report you need to be a client of BoA research. But they get leaked into the market usually. if i remember correctly they cut from 475 to 350 in june/july, now they raised up to 450p today.

This is how misinformation spreads.

As I said, its on the wires. You can find it on reuters. BOFA Global Research raises price objective to 450p from 350p. If you don't have a solid newswire, you are severely disadvantaged.

the psychology behind a raise close to results, with poorly timed upgrades leaving egg on the face, suggests the bank sees only good things from the results.

on the wires today a price target raise by Bank of America from 350p to 450p.

this particular story is done now, as long as they stick to the menu they will have drawn a line under it for good. it won't stop the press having a field day over the weekend as esg is a topic that sells papers although when push comes to shove, few are prepared to put their money where their mouths are. still it may mean some more softness early next week. unless you get more action of an official government nature, the issue has been ring fenced as long as they carry out the recs in the report. as for that bloke archie, it appears he has clocked off for lunch. while much of the conext was pulled from the report, some areas he took issue with did indicate a bias or lack of understanding at the very least, for eg. where the founder insisted on the best possible price for garments. well im afraid thats how it works in production. you pay low sell high. if you do the opposite you go out of business.