The Trader 

SIG now insulated from shorters

Michael Taylor

SIG now insulated from shorters

The big story this week is Boohoo (BOO), after a report in The Sunday Times suggested workers in Leicester factories who made clothes for one of Aim’s big winners were being paid as little as £3.50 an hour. This was refuted in a statement to the market, but before the company could respond in full the article cratered the stock price from 387p to as low as 252p. Two weeks ago, I suggested a break of the all-time high as a long entry. The price didn’t get there, and so as we didn’t enter there are no losses. 

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now