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!!

Why would you think it will rise before?

i think it will be pretty hot around 400...can't wait :))

huge fight between Stanley and Steward today.I like Steward, i think he's right about potential and his price is pretty close to my humble 652, Stanley in other hand, i think is more sentiment perspective (or own business, undone.. ), but his price!...boy oh boy...i don't know what's happened today to him, someone crash his silver AMG probably...I would prefer Steward in January but quietly will pray for everyone to believe in Stanley's 350 madness ..see how many we could get for 350!! that would be a dream.. a christmas present..santa please..350 now :)) or even 200 :))

bottom line is that if monday this will not drop further we may be in a trouble.fc

To make a bit more sence of above post.
Stock Market News Share NewsShare chatShare chartsTips

Broker snap: ASOS on super-premium 11-12-2009 13:28

It's a case of 'nice company, shame about the share price' for online fashion retailer ASOS in the eyes of Charles Stanley.

The broker has initiated coverage of the stock with a 'sell' recommendation and a price target of 350p, calling its rating 'primarily a valuation call'.

The fast growing company recently saw profit growth slow, with pre-tax profits in the six months to September up 9% at 4.4m, on sales 47% higher at 96.5m. Despite this, it is still a fast growing company in comparison with most of its bricks and mortar competitors, and this has led to a significant outperformance by the shares over the last 12 months relative to the FTSE All share, 'with particularly pronounced momentum in the past 3 months (+42%) and 1 month (+18%).'

As a result, Charles Stanley analyst Peter Smedley observes, the shares are on a 'super-premium valuation' of 27 times projected 2010 earnings per share, compared to a price/earnings ratio of 14 on projected earnings for the UK general retail sector. Such a rating means the shares are 'priced for perfection', in Smedley's view, which makes them vulnerable to a potential setback if the company fails to deliver the sort of growth the market is expecting.

'For now we have established 3 year estimates in line with consensus. However, we would not be surprised if those forecasts are not delivered,' the broker said, citing the company's 'aggressive investments in technology and marketing,' which will occupy management time, along with the 'major capacity planning projects the company is currently undertaking.'

Still hold with my prediction above 370 by Jan and back in.....I hope!!

bit up..473..my hope is that this is just big boys sophisticated profit taking going on and will go down to 400, cause just this can save us.. .the thing is balerboy, i don't see them slowing down below 18% on average for the next 10 years and that gives me some sence of value today witch is lot more than today price, so for me we are trying trading at market's shyness-mood wich is scary-exciting.And Smedley can't calm me down with his PE forward projections...PE forward is a nonsense , making small number and stock looking steal so im not buying that.do you?

479..
my finger will be shaking on the trigger and my eye will be start slightly blinking if i see 440..:)

479..
my finger will be shaking on the trigger and my eye will be start slightly blinking if i see 440..:)

487 ..not funny :)

i'm not laughing, this is all wrong

Wish i had my 6000 shares now to sell......... crazy times.

this is x-files..agent moulder could help..:)
tell you what i did..i could't watch what's going on so just symbolicly i bought 500 at 441 after that drop and sold at 480, for bit of payback for cockup at 394.crazy to getting in for me in the middle of stochastic but could't sleep.now when i saw last week in a 5-day chart that is shaping double bottom (or whatever you call) i got in with 400 at 462! complete madness!that's why i was worry friday..all in all im maybe slightly in and 9% up , but this doesn't count.inside there is still big pain for failure.

t
that seems like a nice "after the event" analysis of what you did.
well done to you,
regards and good luck.
jkd
edit i dont believe a word of it,I could be wrong,it's just my opinion and as always dyor and make up your own mind about such things and posters.
ps to edit, that includes me, make up your own mind, dont let me or anyone else influence you THINK FOR YOURSELF..

i believe that nobody follows anything in here, that would be brainless company..:)

would be good sign if brakes 480 level

this week next ,jd ,john lewis , m&s christmas updates and overall positive mood about it.. will not help..:)) reuters had some forecast data about online sales quadruple to 2020.. that will not help too..:))

ASOS to give Christmas trading update2010-01-06 09:04:17Online fashion store ASOS will be announcing details of its performance over the nine weeks from 16 November on 18 January. Story provided by Business Financial Newswire

i would not buy any retail share (except maybe DOM or RTN) for some time to come ..... every single report says ok over christmas, but 2010 to continue very tough

had it gone back to below 450 i'd have gone back in but as it is..... will think longingly about the 12 days in tenerife it gave me.....lol

so you made about 500 then