Boohoo - BOO - - Share Chat

50p cmon :pray:

Your prayers could well be answered. I

Even if it is. I won’t be buying a lot. Too many other opportunities that are much better in my opinion. I might sell BOO at a loss of 55% if the market gives me some really great opportunities.

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Only a 55% loss. Lucky boy

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How much have you guys lost? Unfortunately this is my third biggest position so its a pretty big loss for me.

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That’s only correct for tax purposes.
Your loss is very real, it’s literally the value your asset has. Claiming otherwise is just plain denial of reality. :see_no_evil: It’s what people tell themselves to internally justify bad decision making. Many stocks will likely never recover to previous heights.

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Whether or not BOO recovers depends entirely on when the government will start stimulating the economy. If we head into a recession spanning several years then I really doubt BOO will survive. This company is only profitable during times of easy money, which we’ve had since the bull run after 2008.

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Looking really bad. Can see BOO dropping market cap to near £500 million. Expecting a really bad trading update and around £12-15 million in debt taken out by the company for the next quarter based on operation costs and free cash thats left. Very poor quality stock, regret investing in BOO but will hold with £1.25 average.

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Thoughts and prayers for Ozbourne

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Your link exclusively talks about monetary policy though, which is not fiscal policy.

I’d look at investing the BOO money somewhere else if you all don’t expect betterment. Opportunity costs of missed return on other assets is an additional cost of sitting on a ‘lame duck’.

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Can someone like my comment to rub my ego for being able to consistently call out that the stock is not worth averaging into until sub 50p. Glad I waited it out. Now I have to think about whether I buy a bit more now or wait for the trading update…

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Consider your ego stroked :grin:

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Not sure what to do with my BOO holding. Currently just waiting it out. I don’t believe the stock will move anywhere until wider monetary policy is eased.

Missed ur 55p opportunity

400p in sight /s

Be patient mate :slight_smile:

7.7% shorting score according to Short Interest Tracker, third place behind Cineworld and Kingfisher. Dramatic increase since it’s 0.89% score at the beginning of the year.

This is not to say, of course, that the price is going to drop substantially, but if shorting specialists, who after all are knowledgable investors who make a living of correctly predicting which companies are going to drop, are saying this then cause to be careful I think! Glad I sold my shares for a modest profit when they were still 69p.

I’m in too deep to get out of it. It’s going to be a stinker for some time, I reckon.

Definitely will, on the plus side, BOO will move on changes from the government at the macroeconomic level. Once monetary easing begins this stock will likely get back to the £1 range. As long as inflation remains high, the shorts will hold their positions.