ASOS have dropped quite significantly in the past week for no particular reason and I view this as the perfect opportunity to invest as I can see them bouncing right back up to the 5.50p mark in the next 2-3 weeks. STRONG BUY!!

Express comment this morning re rise on expectation of bumper Xmas trading results. These are almost guaranteed given the hitwise figures showing hits up over 100% from last year. Even if the 9-month trading is not up that much from expectation, the Christmas season figures should draw a lot of comment, particularly in contrast to the High Street traders like Next and Peacocks. Will be up early on Friday morning!

Eric

Well gentlemen,............
............................ at least we had a few bargain hunters in at the end!

2ND ASOS CHALLENGE

Seems to be support for this - proposals as follows:

1.Each participant has 20K which can go into 1,2,3 or 4 shares in units of 5K.
2.ASC has 20K and is team yardstick, not in individual portfolios.
3.Duplication between entrants OK with no upper limit for total for one share.
4.Start weekend of 21st Jan. Buy price half way between closing offer and mid.
5.Latest time of entry to be 8 pm on Sunday, 23rd Jan.
6.Challenge to close Friday, 1st July.
7.Entrants can switch up to a total of 10K; av. of Friday close bid and mid.
8.Progress reports to rank shares by performance but also participants (initial only to protect from the ridicule of outsiders!).

Participants to date: AdieH(A); EWR(E); johngtudor(J); Sandrew(S); Seadog(Sd). legend and WOODIE also? I'll e-mail participants in first challenge this evening (after eight!) Please suggest any mods to rules. john to comment on charts on occasional basis; perhaps also on request - ok? Additional challenge on backburner but I'll report any significant movements.

Eric

I am up for that... its a shame you didn't come to me 3 wks ago.. when I bought POL and DA. They have ticked up nicely.

The legend has plenty of tricks up his sleeve, be warned competitors!!! LOL

Do you think it would be wise to start a new thread for the competition Eric??

Also, do you have my e-mail address eric??

legend

You certainly seem to be able to pick the winners so perhaps we should give you a handicap! We'll see about the new thread. Felt last time it was OK: only one chap seemed to complain; others said it kept interest going in the ASC thread; ASC is the yardstick. We should see what others think. Haven't got your e-mail: perhaps I can have early warning of the winners, please!

Eric

e-mail gone to bosley and ptholden. Other participants were willfagg, capa, dawsinho and Kivver. I've seen them around the BBs, not literally, so will see if I can locate them.

Given the Friday close for pricing, OK to submit shares before or after close on Friday. Wonder where ASC will be: probably up or down but not half way up!

Eric

Eric, thanks for post on NLR thread, yes I'm up for a new challenge

Do I just post my selections on here?

capa

Eric,

Go on then, count me in! sounds like fun...

Whats your e-mail address eric?? I will send you one and if your a good boy I might let you into a few ;-) lol.

Welcome capa, dawsinho. That achieves the quorum of 8. Just post them here. However, it is probably sensible to open a separate thread for progressing the portfolio - cross-references can be put here. legend can then post his weekly tip there and we can all get rich - but make sure he posts them before they treble in value! Your entry doesn't accept messages, legend, by the way.

Eric

I'll join in if thats ok.

Welcome, Dil

The legend likes Tandem group (TND) he was in for a cheeky 50k last week at 20. Have a look at forward eps, puts the p/e on a gift!!! Plenty of cash. My only concern is that company is badly run.. but there is light at the end of the tunnel.

I would hope for a 50% mark up at least eric.

Have you seen POL and DA. today eric???!! The legend strikes again!!

By the way I fear any PDX holders in this competition... although I sold out a few weeks ago, that share is potentially moon bound. I have heard good rumours of contract wins.

Post your email address on here eric..

i'll have a go please, cheers

Eric, do you want me to list my four selections on here or shall I email you directly? By the way that's direct to you and not in the Cornish sense.

Suggest selections are posted here or on new thread. Reserving the right to modify tomorrow evening (if one roars away or collapses) my selection is 5K each in AZM (Alizyme), CFP (City Finance Associates), MLS (Medical Solutions), SEO (Stanelco): 2 emerging; 2 bombed out!

Eric

I'll start off with equal amounts of 5K also Eric in the following:

NRG (Northern Recruitment) MOB (Monstermob) NLR (Neteller) CASH (Cardpoint)

NRG and MOB have results out soon and both should be very good, CASH has released an excellent trading statement yesterday and seriously undervalued,
and NLR just because :-)

Wish we had started last week the last three have been flying recently.

capa

hello eric. put me down for 10k seo (stanelco), 5k dgm (deal group media), and 5k agl(angle)
SEO is my baby
DGM reminds me of asc a year ago
AGL has many fingers in many pies , some of which come to fruition this year, worth a look.

capa (C), bosley (B)

Fine. That's the problem, capa, as we found out with previous exercise. You'll regret not going for AZM though! Surpised that bos hasn't put all his money on SEO!

Eric

Eric,

Here we go....

5k a piece: SPS (mob phone games) DES (oil) PKL (healthcare and foodservice industries) IDS (retail)

Think sps might drift a little until we have any news, but the potential is massive. Des is waiting to poss announce farm in partners for projects in the Falklands. Pkl seems to have captured a niche market and ids is currently pausing for breath until the next push up!!!

Sure i'll be proved wrong on all accounts and my portfolio will plummet... ha ha

Oh yeah mph was in the back of my mind but thought i'd leave it out for now.