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!!

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

Eric

Don't get your hopes to high for the Golf Challenge! See the golf thread.

PTH

Peter: Mark has revealed all! 260 yard drives; eagle at the last; full-time golfer for seven months with share picking as a hobby. I'm only coming for the food and red wine! Oh, and of course the company!

Interesting that apparent leaks refer to positive trading statement in 'several weeks'. The obvious time is a week or so after the Q end, ie early July. That gives plenty of time for rumour and the warehouse move to be completed and bedded down. Predict the sp will gradually rise; by the time we get to the announcement a golden cross will be imminent and the sp will accelerate to recover the late autumn levels. Good time to ACCUMULATE.

Eric

Don't worry too mucj Eric, the golf pretty well unravelled today after been four over after 7 holes (gross). My small spreadbet didn't quite pick the bottom (if that is indeed where you have leapt back in) but 10% too high. Hopefully, though we can get back to where I predicted all those months ago (90p) and both my bet and investment will be nicely in profit.

Its nice to get the bottom but it is fairly risky. I have done both: first at the bottom, 42.5p but have trebled the holding since so average is up to 48p. With SEO on an uptrend, I am investing the margin (CFD) in ASC. Have spread my bets over the two!

Foolishly entered for the Club open tomorrow - two rounds; interested to see whether I can last the pace. Respectibility is primary objective! Your best to have a rest from golf until the MoneyAM challenge! lol! Chance would be a fine thing!

Eric

Eric

I seem to be following your moves. Having finally worked out how CFD's work I too opened one in SEO which almost immediately produced a result, which after some thought I have rolled into one in ASC as I am expecting good results. So, both are currently running...next question is what, or where, to go when the money becomes available?
Not into golf, prefer to potter around in the garden!

Regards Ruthie