Share tips thread (Vol 2)
Discussion
Atanasoff said:
Never realised boohoo sold via other retailers too. Thought it was all via their own site.One would have imagined the buyers of Next and ASOS would already know all about the employment and working practices in clothing factories in Leicester and other cities such as Manchester.
hyphen said:
Never realised boohoo sold via other retailers too. Thought it was all via their own site.
One would have imagined the buyers of Next and ASOS would already know all about the employment and working practices in clothing factories in Leicester and other cities such as Manchester.
The thing is the police and HSE all visited on Friday and not one enforcement notice was made. It just doesn't add up. It is also rich for some companies to virtue signal when they aren't exactly the most ethical businesses themselves. One would have imagined the buyers of Next and ASOS would already know all about the employment and working practices in clothing factories in Leicester and other cities such as Manchester.
This is really tough to call - think at 260 it would be too tempting to resist but may wait (again)
Atanasoff said:
g4ry13 said:
I'd say it's looking much better than earlier. Could be a dead cat bounce but it was down a lot more than it is now.
Back down to 269. I am wondering if to double down as I missed the drop earlier. I could average down to 300 at this. Thoughts?
Leicester issue has been massively inflated. I think the hit is more that the family isn't liked - a bit of philip green syndrome kicking what is a decent business (as long as the finances rumours aren't true!)
Some people on the boards reckon it's a bit of fake news and that Boohoo doesn't even use the sweat shop factory in Leicester. It really depends on how much the government want to clamp down on them and if their costs are going to start doubling/tripling overnight.
Due to the uncertainty I probably wouldn't look to take a position on them unless it was a day trade. Boohoo has historically been a volatile stock prone to 20%+ moves downwards and always popped back up and moved higher. Not sure whether this will change their fundamentals though.
g4ry13 said:
Atanasoff said:
g4ry13 said:
I'd say it's looking much better than earlier. Could be a dead cat bounce but it was down a lot more than it is now.
Back down to 269. I am wondering if to double down as I missed the drop earlier. I could average down to 300 at this. Thoughts?
Leicester issue has been massively inflated. I think the hit is more that the family isn't liked - a bit of philip green syndrome kicking what is a decent business (as long as the finances rumours aren't true!)
Some people on the boards reckon it's a bit of fake news and that Boohoo doesn't even use the sweat shop factory in Leicester. It really depends on how much the government want to clamp down on them and if their costs are going to start doubling/tripling overnight.
Due to the uncertainty I probably wouldn't look to take a position on them unless it was a day trade. Boohoo has historically been a volatile stock prone to 20%+ moves downwards and always popped back up and moved higher. Not sure whether this will change their fundamentals though.
I saw Boohoo posted another statement this morning to dispute the allegations and clear their name but the market didn't seem to take much notice.
There might be opportunities to make money catching the knife but i'd wait for the dust to settle before considering going anywhere near them again.
There might be opportunities to make money catching the knife but i'd wait for the dust to settle before considering going anywhere near them again.
g4ry13 said:
ATM said:
bad company said:
ATM said:
Tesla Short
Not that short. The model 3 is 4,694 mm long. 
ATM said:
g4ry13 said:
ATM said:
bad company said:
ATM said:
Tesla Short
Not that short. The model 3 is 4,694 mm long. g4ry13 said:
ATM said:
g4ry13 said:
ATM said:
bad company said:
ATM said:
Tesla Short
Not that short. The model 3 is 4,694 mm long. 
Sold half my Peloton today at a little over $64 (bought around $23 I think). It's tempting to aim for $70/share and see if it can go further but felt like i've really been taking the piss with it lately and don't mind taking a bit of money off the table.
Now, I just wish the FTSE bounced back to 6300 as it's starting to look rather ugly this afternoon.
Now, I just wish the FTSE bounced back to 6300 as it's starting to look rather ugly this afternoon.
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