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!!

heres another go trend is still in uptrend stay with it until trend is broken.

Posted today on Watshot.com:

ASOS - now the professionals are turning buyers
Last Friday a meeting of Private Client Brokers was impressed at the presentation that Chief Executive Nick Robertson and Finance Director John Morgan of ASOS (ASC) * gave following last Wednesday's results announcement.

The message was one of strong confidence in the Company's growing infrastructure and its increasing product availability online. I was at the meeting and was very impressed by the positivity of both men - they came across well and answered all questions very directly.

The Company is obviously 'going like a train' - which is what potential institutional investors will have sussed and will act upon in due course. In fact I do know of one professional investor who would like to have a significant line of the stock for his funds - the problem is that there is no real spare liquidity in the stock, no supplier of such a line.

What is more the Company has over 1 million of cash in its coffers and therefore it is not needing to issue more shares to raise funds, which would have answered the problem. That means then that such willing buyers of stock are going to have to take it out of the market. If nothing else that will give a good support to the share price for some time.

The shares closed the week at 43p after 2,715,128 were traded on Friday alone. I am now anticipating the Company's brokers Seymour Pierce raising its current year profit forecasts in the next few weeks - perhaps on or after the AGM statement would be my guess. It is going for 1.35 million for this year, whilst my estimate is 1.75 million. What is more I am even more bullish than they are for next year too!

Hold very tight indeed to existing holdings, these shares are destined to really climb in price as the good news starts to flow. An ascent through the 47p level would be good short term, whilst further out a resistance may be seen at 67p.

Tipped positively in shares mag this week (twice)

read the 2 write ups no new info nearly the same piece with a few add ons would have been better waiting for agm and broker upgrade.the figs are out of date stated in shares ie 3 months old when company broker adjust figs.cheers woodie

52 week set today my 50p aug target hit early today before retreating still looks a good bet on 1 to 2 year view.cheers woodie

anybody any idea what's going on this morning ?, touching 15%now, will come back obviously, but surely something more than normal trading ?

WE LOOKING 60P VERY SOON TODAY

I am going to get a nose bleed if this doesnt stop soon!!!! No complaints though I'll cope
PS I think 60p looks low ....in the medium term say 6 -12months i think the potential is much higher

SOUND VERY GOOD AND PROMISING,SHOULD GO 60P BY TONIGHT

dont get to carried away 60p tonight i dont think so. still cant find reason for 2 day rise.

getting re-rated imo.

An American internet retailer with the growth and future profits potential of ASOS would trade at well above this rating.

capa

seymour pierce clients may be loading up ahead of a new note being published on ASOS website with upgraded numbers. Some of the institutions who were slavering with desire at the analysts presentation a couple of weeks ago may have instructed MMs to get a large line of stock in. What is clear is that this is a re-rating reflecting the very tangible prospects of this company.

baheid , any idea when this is going to happen? i agree with jj50 , its very tempting to lock in such good profits, but if there is more good to come , then......

I think you would be mad to sell now. This is now on the radar of institutional investors which will push the share even higher imo.

capa

Reports today suggest the company has been doing the rounds (Institutional Roadshow prior to the upcoming AGM)...and as previous posters have said they are keen on the stock and it is in short supply, or at least in their terms! Mark Watson-Mitchell of WatsHot fame suggests a 67p target in the short term and is very bullish on the stock.

Re my comment of 2 July re "big boost " in sales , its interesting that they are saying there has been an increase in sales revenue and they are reviewing their forecasts.( kind do of a double gain if the ladies keep buying Bikini's and the like , if you see what I mean)

according to sharecrazy's broker roundup, seymour pierce have reiterated their Buy stance on ASOS. Lets hope the research note gets posted ASAP on the ASOS website so we can get a look at the updated forecasts.

I hope you didn't lock in your profit Bosley, showing no sign of weakening in the immediate future.

capa

looked at co website today no broker notes appear all have been taken of.the next news should be agm.

ha ha . took some good advice and decided to stick with it ... thank goodness, its my only share thats showing profit. got any other asos type tips ?