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!!

ptholden you looks a technical teory man for me, so what your view on this : if going up quick then going down slowly , and now going down quick will go up slowly?

silence says more than anything..:))

ASOS makes fashion history today!
Print Share Comment Asos

Fashion fans will have their fingers firmly glued to their keyboards today, as ASOS.com launches its second LTD 100 collection a line of 100 one-off designs by students from the London College of Fashion.

The pieces go on sale promptly at 1pm, and if last year is anything to go by, they won't hang around for long. The initiative's debut sparked instant must-have status, and sold out completely within two minutes.

Giving you a chance to snap up a piece from the next Giles, Stella or Marc, the scheme gives stylistas the chance to own a piece of fashion history, while nurturing Britain's hottest new design talent.

Robert Bready, product and trading director at ASOS.COM commented, 'This is the third year of our partnership with LCF and the second year of LTD 100 and we are thrilled once again to be able to lend our industry support to up-and-coming design talent and to give fashion's future stars a vital leg up in the industry.'

A panel of fashion insiders, including designer Markus Lupfer, Susie Lau of Style Bubble.com and designer Tim Soar, teamed up to choose the 100 pieces, as well as picking overall winners in womenswear, menswear and accessory categories.

All the participating students receive full profits from the design sales.

Want a slice of the style action? Clear your diaries now, and get set for 1pm!

THE ASOS SALE HAS STARTED! SEE OUR TOP PICK HERE

From today's 'Shares Magazine':

"ASOS is unique among sizeable quoted companies as it is a pure internet company. Sales have grown dramatically from 13.5m in 2004-05 to 165m last year. Last month's results did raise concerns among some analysts, as sales in the first 13 weeks of this year saw the growth rate slow to 'only' 52%. This partly reflected an industry-wide blip in May which was compounded in ASOS' case by the introduction of new warehouse management systems. With the glitches ironed out the company will be able to offer very attractive delivery options.

By adopting a more cautious approach to the prospects for this year, ASOS is unlikely to have to engage in significant discounting. Sterling's weakness has provided it with an opportunity to develop an international business. Overseas sales grew to 32m last year and, 'Shares' understands, doubled again in the first quarter of the new fiscal year. Although, the rating is demanding - on a prospective PE of 19.4 this year falling to 16.3 times next - the group should continue to grow speedily and remains a unique opportunity to invest in the internet revolution."

For what it's worth, as he (EK) does get it wrong sometimes:
"I have always thought that As Seen On Screen, ASOS (ASC), would face competition from conventional UK retailers improving their online offering - and then use their very powerful buying departments to offer real competititon. However, Dermot Desmond (along with Len Blavatnik), has come up with www.theNOD.com. It is based on products which get, you guessed it, the nod. The Hibernian/Russki alliance is in early days. But they have the money and, if they get even half a bite, a lot more money will go straight in. This bodes ill for ASOS of which I am short."

EK is right, NOT wrong... ASC is slipping down.

Tomasz

Apologies for not responding to your question earlier.

I was trying to draw some lines on an ADVFN chart yesterday, but cos I'm not a paying customer the chart kept timing out. A bit late in the day considering today's fall, but my feeling was that the original trendline support having been breached would act as resistance to any recovery, which is exactly what happened. Therefore, my inclination was further SP weakness. In fact I'm wondering if the SP will form a head and shoulders, the left shoulder is formed as is the head. If so, expect a fall to 290-300p followed by a rally to 340p and then another fall to 240p.

ptholden,
very generous input :)

..and if you right , at 240p , we'll get famous for 50 pence :)

Cynic must have tickled my fancy..... coming up again!!!:))

i have none .... sold out at 349 .... am sure i lost money!

Not like you cynic, are you loosing the plot??

didn't have to mortgage that!

cynic, someone big said long time ago: there are two rules : the rule#1 - don't loose money and rule#2 - remember rule#1. So don't get created. Just follow the rules. Not crowd.

stop misquoting me .... i know exactly what i wrote - lol!

if you still in Dubai , find a near desert and go for 30 days , no food no water , ...then comeback to investing..:))

wouldn't willingly go to M/E at this time of year ...... far too hot ..... shall be back there for a week in November

karen jones on board future is looking better and better

SP seems to like it, hold tight for the next update.

just wonder if karen got something to do with that directors selling..especially kammaludin..so far he's getting things right , isn't he