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!!

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

Walk ups are rare, walk downs are very common place.....

175K Broker to Broker trade also just shown up!!! Premium to OFFER price.....

Could see 60s and 70s very very soon....Basically proof that the stock is back in FASHION! :)00

lastminute.com bid approach shows value still there in internet companies. ASOS are already profitable, increasing hits rapidly (I think 100% year on year) and presumably, with the surplus stock problem in the past now trading with larger volumes and recovered margins. The new warehouse will further help margins. Am aiming to build my stake up gradually as funds permit to last year's level - basically a second coming!

Eric

Eric ,
I see ASC sp marked up well before opening, hope you get in early as the sp has gone north of the 50 day ema. I didnt think you were a religous man !!! SD

brakes on at 51.75 or just that friday feeling.interesting the after hours trading though!
wins and kbc asking 54p buy

http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=400495&in_page_id=3

Fashion group ASOS rose 5p to 51p, amid rumours that a positive statement will be published in the next few weeks.

Another good day for ASOS. Charts looking good. Left instructions to buy a half slug (1 slug = 3000), 51.5p. Checked before the golf match and SEO had freed up enough for another half slug at 52p. Building a nice position. Can see a golden cross ahead, can you? Will try to continue accumulating but need to take funds out to buy wife's car on Friday - a Toyota 1.3l GS Yaris Versa; funny looking but she's really excited which is great. That's 2 motability cars in 2 weeks, with 12K and 19K miles respectively. On a roll! Even won my match with 3 ft putt for the match taking 2 circuits of the hole before succumbing. Can life get much better than this!

Eric