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!!

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

Ruthie

What a lovely problem! Would be pleased to help you solve it! lol!

Eric

Independent

Asos in fashion

Shares in the online fashion retailer Asos certainly perked up last week. They gained more than 20 per cent on word that a bullish trading statement is on the way. Asos is currently setting up a new 70,000 sq ft warehouse to replace three separate plants.

Good spot, marketmaker. No effect on price though. Perhaps nobody reads it, except you!

Eric

there seems to be some significant off-loading by the market-makers after walking this sp up,nearly 2 million shares now over the last few trading days.
we all know how much they want are hard earned cash,hopeing for good news!
good luck all.

ASOS has updated the look and feel of it's website....

http://www.asos.com/product.asp?sku=cfctr4096

250 for a pair of jeans?!

Like it, marketmaker, especially the girls! Easy to navigate and build a shopping basket, although I didn't do that. Ahead of the comptetition, girls? No sign of sales so hopefully those are in the past and margins are being restored.

Eric

Fidelity upping their stake:


ASOS PLC
20 May 2005


ASOS plc

('ASOS' or 'the Company')

Holding in Company

ASOS was advised on 19 May 2005 that Fidelity International Limited has acquired
875,000 ordinary shares in the Company and now holds a total of 4,602,800
ordinary shares, which represent 6.42 per cent. of the entire issued share
capital of the Company.

Of the total shareholding notified, 4,507,200 ordinary shares are held in the
name of JP Morgan, Bournemouth and 95,600 ordinary shares are held in the name
of Clydesdale Bank plc.



This information is provided by RNS
The company news service from the London Stock Exchange

Thanks for charts, moneymaker. Nice and clear: where are they posted from. My view, and I think this matches yours, is that the volume willo emulate last year's once we get the RNS with positive trading update. Really in pro-active mode again and over their wee problems. No wonder there are problems on the High Street, with even NEXT prevaricating over internet trading. I wonder what the next ASOS initiative will be: digital TV? US push? Amazon presumably plus other portanls. By the way, could you explain the two hitwise charts, please; particularly the comparison with NEXT who I thing are still well ahead in terms of absolute internet trading.

Eric

EVIL CLOSES HIS SHORT

"In terms of the portfolio there has been a bit of a spring clean here at Evil Towers. I am prepared to admit that some of my investments and disinvestments are not heading the right way as fast as I would have liked. So on that basis I have closed shorts in ASOS......."

evil knievil had a short on SEO and closed it pretty damn quick with a fair old loss. What is not generally grasped that his short on ASC has been good news! The sp has come down below a fair value. Who would have believed we would have another opportunity for the upward ride of last year! Have topped up with a fourth CFD for 20K. Happy to wait another few weeks for the super trading news so that I can continue to ADD. Great chap, evil! The bull's best friend! lol!

Eric

Eric

I have lots to learn...put my stop too close and got knocked out of my CFD on ASC
Still the SEO one is doing nicely!

Ruthie

Hi Ruthie

Happens all too often. Don't believe in stop losses myself because
they seem to act in the interests of the broker! If a share really falls sharply it just goes past the stop loss. So the only sensible course if you are concerned about a share is a guaranteed stop loss which will cost you extra. I find it better to just keep a close watch on the situation and make my own judgement on where to sell.

Believe ASC is an excellent prospect for a CFD just now. A positive trading statement will be along sooner or later and the share is oversold. Evil has closed his short so there could be some buying as a result on Monday to close short positions. I wouldn't chase it up without hard news. This may not come until the end of the current quarter in July. I think it is more likely to come when the warehouse move is completed and they want to tell that story, quite likely in the next two or three weeks.

Eric

Eric

You had too many glasses of Rioja? Speeeling is crap tonite!! LoL