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!!

Dil - do you hold any shares in ASC? If so, follow your own advice and sell at not a bad price currently. It would have been unluckily hard for you to have bought in higher (did you?).

If not, why the altruism? Why the emotional response to a balanced statement - can't be good for your trading style?

All the best

sd

What trading style stockdog? Only fear, hate, intrigue, and some deep, inner self-loathing perpetuate dil's bb comments. Everyone enjoys reading balanced postings but his are always negative and never about shares he actually owns!

Dil: What a crap comment on a helpful and positive statement. Clearly laying the building blocks for continued expansion at significant levels; where else can you find a company with trading improvement of 86%. The note of caution hardly seems relevant as the company has clearly learnt the lessong from last year. Having said that, I recall you weere on Wales to beat England at Rugby last year and are probably anti anything at all English, particularly success stories like ASOS.
By gum, sd let you off lightly; you're not a postman by any chance (just do crap posts!)?
Eric

Well said sd and Eric..........Dil you are a plonker !!!!! SD

I think I can spot a postman, coming up the path by now.

sd

What ASOS now needs as a TV Channel. Using this they can shift surplus stock which is not selling from the website. This will give them such a great expansion and a constant stock flow. I hear that some people who are stuck at home are almost addicted to channels like 'price drop'. In addition there is the possiblity of a TO by people like Phil Green who are stuck in the high street.

Interesting article on the Internet in Tuesday's FT - couple of days behind here. Suggests another internet boom coming. Big advertising money going at the portal providers. Is there a better internet trading share on the market than ASOS? Is there a better sector for internet trading than fashion? How relatively easy to enter the US market. Increase volume by icon's from portal providers. Still waiting lemming Investor but suspect they will have a juicy picture to portray. Hugely undervalued on a two to three year view. Oh no, I said I wouldn't say it and I've said it!

Eric

saturn5 - what correlation is there between stay-at-home addicts (unwaged?) and telesales actually made? I doubt it's huge.

sd

I agree. I wouldnt say that market is huge but it will be the way forward.
I am a very big fan of ASOS and it must be one of the best shares to buy now.
Any other posters who can suggest a better one having done some research ?

I also am a fan of ASOS, been in thro the ups and downs since 10p. Just to make life more exciting, I hold a considerable amount of SEO, even more ups and downs, but still haging on in there!!!! Eric might not agree that it is a wise thing to do - lol
Dave

COH long term prospects are excellent, virgin territory, proven CEO, cheap at the moment, potential long term buy out..... DYOR.

nyleve/AdieH
I can top even that - I hold ASC, SEO, COH and ARX (check out that last one if want a seriously skeletally challenging ride!) - not tryin to brag, just scary how we all congregate around a chosen few! Mustn't forget DGT either as one of my big holds.

good luck all

sd

nyleve: SEO are, in my view, an excewllent medium to long term hold. I have been trying to bring balance to the SEO thread by emphasising that it is not currently a buy on fundamentals; it is certainly a hold, though. In contrast, ASC is an excellent buy on fundamentals and, with the problems early this year in the past and lessons learnt, there is little to hold it back. TV is just one of a number of options, including other geographic markets and widening product range. But they have a long way to go with their core product. If they were a High Street chain they would be concentrating on opening more branches: they don't need to do that but go on doing what they do well to a an ever broadening audience.

Eric

Its not a buy on fundamentals and the chart is possibly showing a double top.

No barriers to entry , consumer spending tightening , veiled warning in AGM statement (that some on here suggested would set these alight).

Say it as I see it EW but if you and your mates want to get personal ... go for it.

Eric,

Do you subscribe to lemming investor?

Chartwise we are in a tussle between the dominant long-term Nov-Sep downtrend line and the more aggressive shorter-term May-Oct uptrend line.

The recent failure to break the downtrend line shows these have yet to become a clear momentum buy. Conversely, I shall be selling if the uptrend line is broken - but with the intention of buying in lower when we have hit bottom and are rising again, since I believe in the fundamentals on the macro economic level and the corporate level. (BTW - we already did break the slightly steeper, earlier May-July uptrend at about 70p, but we'll let that one go shall we?)

A bit of Eric, bit of Dil,
A bit of luck (or what you will)
Make these a well-controll hold.
To buy some more would be too bold
For me just now. But what do I know?
I think I'll go and walk the rhino.

Apologies for the DOGgerel!

sd

Not much of a chartist, but heres my take on the charts.

When we first identified ASOS on 16 Jan 2004 as a potential high flyer, the shares were at 7.75p, just beginning to lift off. They reached a high of 91.5p on 11 Nov the same year, thus ranking as an "11-bagger". Typically the stockmarket had over-reacted and there followed a six-month profit -taking sell off down to 43p - also an over-reaction - before the next six month recovery.

Looking at the whole trend, the share price has been in oversold territory, since early March when the price line crossed the centre trend line. It looks fairly stable in its upward trend, which probably has further to go after the usual profit takers have made their exit on the results. It may be more instructive to look at this recovery leg on its own.




This second chart suggests that as long as the current recovery is not disturbed by world or national events, or no unexpected major news hits the company, the share trades within a typical 35-40% range 64 - 88p, and looks set to continue in the same trend rising an average 75%/pa. Eventually investors will make assumptions about a possibly poorer trading period after Christmas and the share price becomes even more of a short term gamble than before. TA becomes more useful over the medium term. Long term it is affected by unpredictable events in the realms of the insurance industry, fires, deaths, floods etc and political and short term it is vulnerable to the increased volatility introduced into the market by an increasing number of traders going short.

Stockdog

As well as ASOS and SEO, I also have AEX, but small amount compared to the other 2. Looks like we think along the same lines - lol however, I am not such a good poet. I agree Eric with what you say, if I had'nt read about ASOS a couple of years ago, I would not know they existed. (mind you - I'm about 50 years beyond their clothes styles !!!!)

Dave

nyleve,

Funny you should mention Aminex PLC. I am finalising a report on them today. I hope to have it ready by this evening. Had I pulled my finger out, we would not have missed out on 11% this past week.

It is a longer term oil & play, but one that I feel will reward long term patient PI`s.

Llcom

Hope its a good report - feel I should increase my holdings in this one - let me know what you think later please.

Dave