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!!

Looks like that I should have shorted this.....a bit too risky for me..., though I suspected that the sp would crash !.

loom to go bottom fishing perhaps then
somewhere around 315/320 looks a pretty good bet and sp may have already hit that earlier and bounced a smidge

i was be lie if i said im not suprise, big boys are short term investors, they just carry about quarterly results , they don't give a flying f. about long term view, so it's looks like big profit taking otherwise this looks like someone got bad news about asos and is sniking out witch is not true (hopely for everyone of us hold),so profit taking,and i think this is nothing to do with PE (that PE what they say 19.3 or something doesn't shows even fraction of what asos is doing , 19.3 is about 10% growth and asos is doing a lot lot more so nothing to do with it).We are still in a recession and market gives us a lot of chances to get some chip.The long term investors are always loosing in short term something sometimes and so because is all about a bussines behind the stock it is another one chance for stockpile.i would say.hey even Buffet is loosing short term sometimes:))

stop crying tomasz ..... of course sp has a great deal of relevance as do the quarterly and other figures ...... long term and short term are pretty subjective periods, and if there is heavy profit-taking at some time, afficionados may deem that an opportune moment to top up ..... on the other hand, if sp is falling, there is not necressarily anything to stop it continuing on that route

Does ASOS declare how much of their sales are returned or is the sales figure net of returns?

ha ha, im glad you sleep well Cynic,well it is always a chance to stop it, my dear, all you need is about ,i would say 5 or 6 milions pounds and you have to lets say start buying slowly but firmly let say for 1500 all day long, even two.you would be suprise how fast they could stop, but well....5-6 mil.try get it and i promise you we'll be on the charge next time:)))

never confuse profit and turnover .... it's the former that is the interesting bit which, de facto, would take into account any returns

tomasz - you're gibbering!

cynic not if returns go back into stock.

(a) of course they do and (b) it then reduces your profit

does M&S (or any other retailer) show their % returns?
i doubt it very much indeed

cynic ASOS is a mail order business not a high street retailer, returns are likely to be much higher as a percentage of sales than a retailer like M&S.

so what?
your point is?

As the recession continues how much of their stock will become dead? Don't forget this is a very short term fashiom business.

the question remains, "So what is your point?"
what you say is true, but that is so in any retail (or wholesale) fashion biz

cynic eventually the numbers will speak for themselves. We are a little surprised that they have not been taken out by one of the larger players if their business model is so unique.

be as surprised as you like .... as with most things in life, there are many reasons for NOT doing something, when the correct decision is actually to take the plunge .... however, that bit cannot be proved until after the event

cynic can the market rating continue to be so high in relation to other "mail order type high fashion" competitors?

imo, yes .... you cannot compare them with the likes of Littlewoods .... that does not mean they are failsafe either, but merely that they have a completely innovative approach and niche that seems to have pressed the right buttons

recovering today, onward and upward...

still i got my 550p, it'll get up there ,sooner or later, balerboy..::))

This company has got "moucho Marrackars" (like cynics) :))) my purchase looks ok at 3.39p