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Blimey, one step at time fellas, let’s get past 80p first
I did not expect this to be up
Today given the start it had, but hey ho, just goes to shows
https://www.bbc.co.uk/news/business-61239151
Not sure if this has been posted already but it might explain the drop in price
We usually see a TR1 when we get this type of behaviour, let’s see if we get one this week.
I’m hoping it’s more shorts closing their positions or it may just be off the back of the ASOS update, however, I’m happy either way to see this moving back up.
someone posted this a couple of weeks back, not sure who the user was:
https://www.docketbird.com/court-cases/Farih-Khan-v-Boohoo-com-USA-Inc-et-al/cacd-2:2020-cv-03332
it shows next update for April 11th 2022
I saw that yesterday and initially thought it was a mistake, lol. I’d be happy if it half of that, hopefully If results are in-line or better than expected then this could see an upward trend.
Like one poster said yesterday, nothing goes up in a straight line, this was going to get pulled back. Seems to have passed the 95p, let’s see where this week takes us. I’m hoping for anything over 105p
If this finishes over the 95p resistance then that will be a good sign. People on here calling it like heads or tails, lol. There’s only two ways it can go, up or down. Time will tell, let’s see where it finishes today.
Update from MW since March - taken from the FCA website. Total shorts 6.43%
Marshall Wace LLP BOOHOO.COM PLC 1.57 16/03/2022
Marshall Wace LLP BOOHOO.COM PLC 1.69 11/03/2022
Marshall Wace LLP BOOHOO.COM PLC 1.74 10/03/2022
Marshall Wace LLP BOOHOO.COM PLC 1.88 08/03/2022
Marshall Wace LLP BOOHOO.COM PLC 1.97 07/03/2022
Marshall Wace LLP BOOHOO.COM PLC 2.15 03/03/2022
Marshall Wace LLP BOOHOO.COM PLC 3.01 01/03/2022
This is where the shorters can help with moving the price up, knowing the 95p resistance has broken, if they start buying back this could get the price to the next level. Fingers crossed.
Agree Grim, hopefully 95 becomes a support, over 100 would be great but let’s see.
Thanks moolacoaster
Thanks sb20, so nobody on here has confirmation on how much of the 6% has been sold into the market and how much they still hold?
Is it correct to say that if all 6% have been sold into market then they must buy back to close their positions, but, let say that only x% have been sold then they have the remaining x% to manipulate the price?
Is there way to check how much of the 6% or so short shares have been sold and how much they still hold.
RNS just issued RE Karen Geary
Given the amount of shares traded in the last few days, I wouldn’t be surprised if we see a TR1 on Monday/Tuesday.
https://www.proactiveinvestors.co.uk/companies/news/976348/boohoo-sees-in-line-fy-profit-976348.html
You should update your name and add _s h i t to your name, I would be quite apt. Lol
If the price movement has anything to do with Putin and his move into Ukraine then I hope he invades all of Europe, lol.