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!!

Not gone short yet, markets quite bullish so far today with Deustche better than expected(obviously with Enron accounting in play) and Asia rising for first time this week Daily RSI over 80!

Indicators would seem to point to a fall fairly soon. Both RSI and MACD are pretty much overbought, but then indicators can remain so for some time. Personally, I think there may be some mileage in a short from 400p or thereabouts but with a stop above the all time high. ASOS has always had a habit of defying the markets. I would expect a small downward correction for the SP to 'cool off' a little before continuing the upward trend. AIMHO of course.

pth

how small downward correction would you expect ptholden ?

Assuming the uptrend continues, 350p or thereabouts. Of course the TA picture changes on a daily basis, so difficult to be too prescriptive. I certainly wouldn't short longer term on the current chart or on their fundamentals, which seem pretty solid with year on year growth. My comment was purely a trading strategy as opposed to an investment strategy.

pth

so ,if 350p or so , that would be bloody good, cause that would be bloody cheap for that good bussiness, good for stockpile more and more :)) i would say.

well, even 400p is still cheap, have to say :))

If this one goes back to 350 i'll kiss cynic's.............

no need, and that wasn't my prediction either ...... actually, would not be surprised to see sp back to those sort of levels, and that may indeed be a buying opportunity

but that low just for a moment , i think we'll see more than 500p before santa.anyone see 600p ?

not even one ?:)) come on :))

lol, Tomasz I think it will hold around these levels for the summer, so not really worth getting out or an opportunity to top up. It climbed on trading statement around September, then we had to wait till after Christmas, so 5.50 next March. How does that sound. :))

just watch the present level .... if it can break through old all time high, then sp could whizz

it needs to take a breather for a while.

So does NXT, but it keeps going up, similar chart pattern over last 3 months and similar % gain, Next Directory and ASOS very similar, I dont think it will be long before we see 450 here.

just to get you all overexcited, i have decided that a breakout in the (very?) near future is more likely than not, and have bought back in

Thats put the death nail on it then!!!! Get back to your sun bathing....

hey
i know we're all happy but shares are overbought

im selling my golf asap, 3.5 mil volume, didn't count that big cause we're not in Oct storm , it will go good low , more cash required definitely now

Finals end of June, will climb back soon fill your boots 5 coming :::)))))

wow , what a drop!!:)))