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!!

Good point willfagg - here are my confessions

TOA - 50% loss
PTY - 20% loss
AQP - 20% loss
RSA - 20% loss

still holding all above (ever the optimist)

capa

capa toa have results out tomorrow company did not release rns statement giving date iam still a holder.cheers woodie

woodie - I know and I still think they a good bet and grossly undervalued but being a holder is extremely frustrating.

regards

capa

Dear capa I lost a lot on PTY and sold, but think their price is starting to look interesting and heard a recent upbeat comment. I think they will make a comeback (in shareprice) The difficult bit is i do not know when? I will buy if they hit 9p( I do not buy anything that I believe does not have potential to double as a minimum - not that I achieve it!) good luck

anopther good day at the office , folks. this just doesnt seem to want to stop !!!!!!

agreed Bosley, though I do think 70p will be a problem to breach but everything seems to be in its favour :-) Have a look at MPH it is getting ready for the big push.

willfag - PTY. Yes this dropped like a stone and I was waiting for the bottom and a recovery which happened. Got in at 13.5p but the momentum evaporated. Set a target of 20p, don't want to see it fall back to 9p but if thats what it takes for 18p then I'm prepared for the short term pain !!

capa

Interesting posts from all, and I have to conceed that this stock is AMAZING!! Some of the reasons for the extraordinary rise IMHO (apologies if I am preaching to the converted), are that it is an internet stock (how popular are those generally), it is a beaten up stock, and it is a turnaround story. Ask yourself if you have bought anything on the internet!! We are ahead of the game, we buy stocks on the internet!! The young kids who buy Kylies knickers and Posh's frocks are ahead of the game as well and punters are just waking up to it.

We are not seeing as much volatility as around 30p when the stock was up 10% one day and down the same the next. Infact I first bought in when the price had fallen by 16% in two days. I think the volitility has gone for the moment because the institutions are piling in. On most stocks I set a trailing stop loss of 20 %. On this one perhaps it should be 30%. Don't let it all end in tears!

rgrds to all
gk

I have to admit it is now starting to race away faster than i can handle and would be happy for a period of "stability". i worry that shares can overheat and then panic can set in and the price can drop an unrealistic amount.having said that, if they come out with some new trading figures which underpin this new price or higher then lets keep flying. However i think some solid news is in order to substantiate recent events . On the other hand i could becoming a boring old fart!

next trading update will be agm which last year was aug still waiting for co report to come so cant give a date,going up to dizzy heights which on all released info is overpriced but you are not bying the past it is the furture if you are not already in.cheers woodie

AGM for ASOS currently scheduled for August 6th, if that helps your decision making. Clearly everything 'hangs' on what the Analysts are told then.

up again today , so far . oh i wish i had got in at 9p.i blame my girlfriend. i read about asos and then asked her to look at the web site and see if she would buy anything from them . if she said yes , i was going to buy at 9p . she didnt look . she forgot. so i lay the blame totally on her shoulders. i did eventually get in but at 25p. but , what the hell , a profit is a profit , and i have not had many of them lately. personally , i agree with gallick ,184. most of us do our trading over the net , younger consumers are doing more shopping over the net . talking to youngsters they still go to the shops , look , touch, feel , decide , then find somewhere thats cheaper , if thats asos , or another site , then thats where they will buy . they dont have the same fears as us older mortals .

shares mag has the s pierce 100 target in 12 months,this was posted by me no 162 on the 20th.cheers woodie ps reason for todays rise

ASOS was advised today that Quentin Griffiths sold 352,571 ordinary shares of
the Company and he now has an interest in 8,650,000 ordinary shares,
representing 12.39 per cent. of the issued share capital of the Company

is he just cashing in or trying to satisfy some of the demand for shares in asos?

i guess a lot of people are following his lead . price dropping like a stone now.

Proft taking can't blame people...

Play of the week in shares mag.

Woodie, gallick, I am back. Do you remember me when asos was at 7-8p? Well I sold at 40p (unfortunately!!), i am not sure whether to get back in these, especially at the price they are now!!

I have found another ASOS I think... Have a look at Tradingsports Exchange Systems (TES) and the commentry on the site. It has taken a bit of a hammering over the past year just like ASOS did when it dropped from 24p to 5p.

Ray Ranson (ex footballer) has bought 10% of the company at 21.5p... He is no fool. With the price at 15p, they look a snip.

As for ASOS, what do you guys think as a fair price??

I am still holding - up 523%! Comment in FT yesterday - "the web information service Hitwise recorded Asos as the UKs second most popular clothing retail website in June". "..The company's marketing drive has stepped up with advertisements in celebrity magazines and plans to team up with the pop band Girls Aloud to include flyers in their next two singles". "Seymour Pierce, which has a "buy" recommendation and aprice target of 100p, is forecasting pretax profits will more than double to 1.36m this year. This provides a price/earnings ratio of 30.7 which is more expensive compared with more established retailers,who, however, struggle for the same winning appeal".

IMHO there is bound to be profit taking but seems to bounce back and still looks good in the medium term. Keep in mind tax advantages of AIM shares if you have CGT liability.

ASC starting to rise again. Just hang on in there. I fancy next resistance to be around 80p

Don't compare ASOS's p/e with other retailers if you do the share price will seem expensive.

You have to look at etailers for a comparison to get a true picture and then you will see that even after the monumental rise in share price they are still good value.

capa