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!!

stock dog

Good analysis. My point is that there is currently a hiatus in profits growth due to warehouse problems. It would appear that year on year revenue growth remains healthy. The problem was with cost of sales with a stock over-run at Xmas. Volumes are way up on last year (from traffic) but there should not be the pressure as at Xmas and so the cost problem may have gone away. naturally, they will hesitate on expansionary steps until stock-keeping and back office is sound. ASC remains a sound investment but a trading position is another matter. There is bound to be a bounce at some stage, it could be APril but may be mroe likely with the July trading statement and perhaps in advance of that as expectation grows. They have no real need to feed good news to the market.

I wonder if there is any feedback from the ladies who use the site?

Eric

And the increasing number of boys too!

A mention in the weekend press that Saturday trading in the High Street is falling dramatically but Sunday online buying at sites such as ASC have continued to rise and are now double the sales of a year ago. I am holding at a loss at the moment but have confidence medium term.

Thanks, moneyplus: the doubling volumes matches the hits on ASCs website. Hopefully, April will see an improved trading statement; if not then, may have to wait for July.

Stockdog: OK, boys as well! But dogs, no way! Worth looking out an on-line petshop though. But its the wrong sort of 'byte' so you won't be able to transmit their bones over the internet! What a dog's life! lol!

Eric

Ray Davis and the Kinks (way before your time of course!) had it right in their song Dedicated Follower Of Fashion - they must have been singing about a faithful hound.

whooooowoyoho, yeaahhh!

SD

Not so much before my time as beyond my ken! Therefore need the song quote, there's a good boy! Mstr Eric

There's no more to be said - it's in the title. You had to be there! But of course, if you remember it, you weren't.

But just for you, I have found the Kink's Link.



http://kinks.it.rit.edu/cgi-bin/MusicSearch.cgi?song=nonLP/song-dedfollow

Thanks, SD for the trouble taken! But hope that that isn't ASCs style - unless of course it makes LOM!

Eric

This share price has been on a downward spiral for a while now. Anyone think there will be an upturn?
simon

there will be upturn but your guess is has good as anyone elses.cheers woodie

just moved back into ASOS - feel very comfortable at these levels :)

welcome back MM

SD

Think these are going to continue to drift south... What do you make of toa woodie.. think they look dirt cheap!! Results seemed good to me!!

I wouldn't touch ASOS shares yet. It may go down lot more.
25p?????

Inbsuk, I totally agree that it will go down. I hate to go against followers on the board but I honestly think it will.

Perhaps 40p...

We shall see. I have been watching this for a while.

Re question about when downward spiral will stop. Timing depends on my view on two linked factors: first, positive news from ASOS themselves; second, the closing of shorting positions, presumably led by Evil and his merry gang (note he does get things wrong and has egg all over his face over Eidos). I think there is a strong possibility that this will occur with the trading statement for the quarter just ending which should be by mid-April. From what is known, margins were down in Jan and Feb whilst Xmas stock was cleared. Whilst the new warehouse will not be in place until May, the warehouse problems should not be an issue out of peak season.

What I really object to is a young know-all like legend visiting the site just to crow over his reeling opponents! Why 40p? Inbsuk: why 25p? What does this mean for pe this year, next year - are the figures justified or credible? Or are you shorting the share and therefore trying to shout it down? Do you crawl round other sites trying to wind people up? I don't go to BNH site and say I told you so! Have you suffered any red on your holdings this week?

Eric

Bravo Eric, you obviously stayed up late enough to get the last word to quieten the noisy invaders. For us sideliners, we obviously see who the regulars are and who are the visitors, especially those who appear to have no interest in the EPIC of the thread. May is an important point in the calendar, lots of our young ASOS buyers will be wanting to get their suitcases ready (or help mum with the packing) for the forthcoming summer holidays, this being the next real trading period after the Christmas bash. Always nice to have something to look forward to.

Thanks, deancroft; I suspect I needed to take my ire out on someone or something and best not the dogs - what would sd say!

Nice steady trade today: no great volume but good blue balance.

Eric

Eric, why would i want to crow?? I tried to help you... remember at 80p when I told you I knew of sellers and the mkt cap didn't stack up to an 80p sp.

As I have always said, I hate to see people losing money. You are entitled to your opinion and I am entitled to mine. I won't come on here again slating asos. I just think that given the current climate, this is a dangerous stock to hold. It is a bloodbath out there!!

If your in it for the long term then fine, but I think there are other pockets of value that can be found elsewhere: TND, XKO, TOA and of course BNH.

If you did go on BNH BB, you would be welcomed... anybody's view would be. The SP has suffered because of a lack of newsflow... no not good. But come July when they report, I am sure they will fly!!

I'm sorry you feel the way you do, I am just trying to help you.

As for shorting, not my style... you will at some stage come a cropper and I can't afford the consequences!! At least if you buy and hold, you can ride out the troughs (like bnh now)and sell at your target price. I bought most of my bnh at 61p.. will be a long time before I lose out on these!!

Send me your e-mail address and I will e-mail you my phone number.

Legend

eric dont take what others post to heart you have faith the same as me in the long term for this stock who cares what they post, cheers woodie keep smiling summer is coming