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!!
Just sold my last lot at 381 (48% profit, which is enough for me). Experience tells me that the most likely scenario is a biggish drop in the market sometime between now and November - and in the current circumstances any profit is worth taking. Always leave some for the next man!
Maggot , the market is just a millimeter above the bottom and you see another one biggish drop from now ? so you see another one recession and another one bottom ?? how come and based on what ?? ...:)
Don't think you're going to have to give that kiss BB. As is readily apparent from the chart, the SP is consolidating the recent rise and assuming the MACD remains in positive territory (above the zero line) I think 370p was probably the low. Mind you, still a 40-50p short from the high, if the trade was taken.