Good morning, it’s Paul here!
I trust that everyone’s Christmas break was enjoyable. The press reported that about a third of the UK population intended heading into town amp; city centres for the Boxing Day Sales. It will be fascinating to see the forthcoming trading updates from retailers, to see which ones did better than others.
I note that Superdry (LON:SDRY) shares have bounced strongly from the recent profit warning. It’s beginning to look as if there might be some oversold retailers shares. Although as always, bottom fishing is so dangerous. I’m waiting to see what the trading updates are like, before making any purchases. As some readers have commented though, why get involved in a difficult sector at all? A very good point. Although a bombed out sector often contains some excellent bargains, if you rummage carefully through the things to avoid.
For me, online retailers are the main things of interest. So Boohoo (LON:BOO) and Sosandar (LON:SOS) (SOS is my largest long position) are my top sector picks, along with Next (LON:NXT) -…
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