Member Info for wyndrum

MickyM I don't know what the story is with Pcw & boo, but the auditors rely on the company to be honest. The company will supply the information to the auditors and on that basis they compile the audit and reports. Its my understanding they don't start checking to see if the figures boo are giving are correct. Yes there will be cross referencing to make sure it all adds up and any anomalies they come across or shortfall of info they go back to the company to get the explanation.
If a company is being deceitful to its auditors then I don't think the auditors will pick that up if its a well covered operation. (I am not saying any of this is going on at Boo. but at the same time unless the auditors are colluding with a company in illegal practises then I am not sure how the auditors would know?)

Presumably DNP given the SP has been on a downward trend for a while, you are increasing your actual investment into boo?

(I get that it is bringing your average buy in price down but are you unbalancing your portfolio to Boo or is that not a concern?)

KK whether you are an optimist or not has absolutely nothing to do as to whether you should accept shorting as a tool when trading. I almost despair at peoples thought processes and reasoning.

KK I am not in Boo and haven't been for some time. (I was all out at 372p) I had a very small chart inspired trade and got out with a 3p hit on my trade but as the story has developed all I have said and urged is people not to buy in this febrile environment. The problem is it will swing dramatically and the temptation will be to get on board with it, but its a mugs game to do that. Sure, some might "win" but the majority wont and the winners will only have been lucky because they have no idea where this is going.
The downside is starting to increase. If the SFO get called in there will be further drops and if anyone here thinks all the influencers are going to just carry with boo you are frankly mad. Their PR teams will drop boo a whole lot quicker than Pcw did.
None of this may happen, but why with all the stocks to everyone do you want to risk it on these unknowns?
I think there is a lot of delusional thinking that because some have followed boo for some time they "know" the company, somehow they have a bit more info than most. Well they don't.
The emotional and egotistical attachment to the stock is losing them money. ("i'm right, the markets wrong")

Good luck with that.

KK, quite how you think shorters are going to get their fingers burnt after the rapid fall in the SP is quite something. They have plans to get out and secure their profits, they are not as amateur as most on this board are in their planning and decision making.

TR1 Decades. have you not heard of Polly Peck or Enron? companies sometimes incur scandals around accounts, criminal activity et al. I don't think its that rare.
And always remember, Aim is not as well regulated as the other indicies. (Wasn't there a Chinese scam a few years back on aim?)

TallPaul articulates a query I have had over the last few days particularly. I have waitied for the testing regime to take its course and listened to the presentations etc. But how are foreign companies getting contracts when they are not part of the Condor/falcoN test program? It almost seems as though that has been an anchor on getting our tests approved? I just don't understand. Can anyone shed light on this for me please? (And apologies in advance if I am being really dumb with this question)

When the story broke the initial fall was to 224p, then a rally before falling lower still to 210p It seems logical to expect those 2 numbers in the current climate to mean something.
The "problem" is that at 210p the BoD bought a hefty chunk of shares to stop the fall. This time around who knows? and also because it looks like 210p will be tested, it could be argued that the story is more developed now and 210p will go as well
As I keep saying you don't need to trade this share.

Snooze mate, that's not how day trading works so be careful would be my advice

Sorry Snooze not sure I understood, did you mean no reason at all?
Look obviously do what you want but I suggest have a better reason then just its cheaper than it is now.
Because even if you take a longer term view, its on the assumption that there is no further bad news out there and we simply don't know that, why oh why take the risk? I just don't get it.
It may all work out wonderfully well but if it does it was just luck, do not confuse it with anything other than buying a scratch card that gave you a return.

Snooze, whats special about 250/251p

David, I'm not sure its about who predicts it correctly, more who guesses correctly?

oh well, I tried

Well done Jack, nothing like being in front of the pack...…..

Hi Angla terre, that where you and I would differ in outlook: "Do believe in the share. I do believe in this stock having followed it since it was 28 pence and I am fully aware of its volatility."
Nothing wrong with that, so its not a criticism but I personally try not to get involved emotionally with a stock. You believe in it...but my question would be... why? You might say great business model etc etc. I would say so what? how does that help today, how does that forecast tomorrow on the allegations and worries that are swirling around Boo now? Its one thing for the stock to retrace on an uncertain 3-6 month future trading based on the current market conditions but this is not about that, is it?

Hi david, I pointed out in a previous Post hat Paul Scott is not always right some days or a week or so ago based on my experience with his previous recommendations

Adam part of my personal learning curve that it is never too early to have a drink, never.

Anglaterre makes a good point. When the shorts close out the SP should bump up at some rate. (I was considering this as I read his post funnily enough).
And heres the rub, I don't know what their target is and I don't know what ammunition they have left?
So 265p might be it so, this could be a good buy in. Or their target might be 210p (and they get it) in which case it might "shoot up" to 245p
Who knows, but I keep coming back to this point. You don't have to trade this stock. This is a difficult game, harder than it looks, to make good consistent returns, why take the risk on such a volatile stock in the midst of all these unknowns?
I find it odd that so many are so keen just to throw themselves off the cliff and assume their jet pack is working

PP1 did your daily research point to this fall from their highs of 425p 7 or 8 months ago?
Did your daily research tell you about Pcw wanting to go?
Did your daily research tell you about the VAT money laundering issues with some suppliers?

If so, why did you not tell us all, and if not, what's the point of your daily research, research, research?

"hahaha - sunsetsupper written two posts on Boohoo and thinks he know everything. Take your greed and ugliness elsewhere."
PP1 on the other hand, has written hundreds of posts and has been consistently wrong