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!!

meaning?

There is demand for the stock.....someone somewhere is BUYING

interesting - thanks

marketmaker: helpful comment re level 2. Would appear to explain the rpcie rise on little activity today. Also helpful with respect to Seymour Pierce. Warehouse appears to be somewhat behind the May target but the positive news is that they have put the trading problems behind them and that means restored margins. We know volumes are progressing well from the charts so the scenario is proving very positive. This also justifies Seymour Pierce waiting until late April before updating forecasts and then coming out with a BUY signal. The correction could be happening pretty quickly and your tactics, sd, whilst prudent could lose significant value in the upturn. Glad I got back in at pretty well the bottom, 42.5p, and will stick closely to judge a further stake.

Eric

eric see my post 5 may sp have always had a buy on stock.cheers woodie

stockdog,
With you on the "age before beauty" bit, one wonders how old one can get!!!!
I use 10-20-50 dma expotential and this morning the sp is nudging the 10 so it has improved and could be on the way north, but i will wait and see what today brings, it may even bring some news!!! SD

According to Digger's morning update, Independant state that "positive trading update to be released on next few weeks," which expalins the sudden activity on level 2 yesterday afternoon. Best get in quick SD!

PTH

PTH,
Unfortunately I dont have level 2. But I am well in with a sustantial holding bought at 71 so any move north will be welcome. Thank you for the nod anyway. SD

SD, thanks for the reply, although I was referring to the other SD, (Stockdog). All a bit confusing these SDs, I think from an earlier post that SD is now sd? If you see what I mean?

PTH

PTH,
Yep SD is SEADOG, sd is stockdog. By mutual consent.

stockdog,
This mornings 3.5p rise put the sp above the 20 dma and almostup to the 50, so bodes well with such a good rise early in the day. SD

Bit galling that! Watched sp moving N whilst the clock ticked up to 08:00. Arrived at 50p so that's where I've had to do my trade: still, its an average of 46.25p with last weeks's trade. Bit far away 'next few weeks' but gives plenty of time for 'buy on rumour' brigade. Oh! that includes me! lol!

Another wise, probably older, dog. Who knows his bone from his sea biscuit! pth is another nautical man, I know, so its all cosy and cuddly on here what with me and my sd doggy.

Eric

http://www.guardian.co.uk/business/story/0,,1481808,00.html

'Among the small caps, QXL Ricardo, the on-line auctioneer, gained a further 300p to 28.50 in response to the Lastminute bid approach and news that Izaki, a group of Israeli investors, had increased their holding in the company to 26.2%. Rumours that a positive trading update will be published in the next few weeks helped ASOS, the online fashion retailer, improve 1.75p to 46p '

ASOS now UK's NO.1 most visited online fashion retailer

any shorters left will be stung today. Well done eric! you called a rise last week. lets hope this is the start of a strong reversal. thanks, tau.

I've kept the faith -- lets hope the winning streak continues and my losses turn into nice gains!! cheers MP

1.25 Million Trade just shown up :))) No doubt Fidelity ...

1.25 shown as a sell is that correct.cheers

Difficult to say, twas a protected trade so will have taken place during the day. However, would guess a buy which would account for the near 12% mark up early in the day.

PTH

would the mm's have walked this sp up for seller to off load. cheers