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!!

i think this is it for now

Thats 1.8mill I lost now..lol.

I had these at 50p and thought that it was overvalued.....

I bought 50K at 85p and sold at 75p, so lost 5K. The fall in this market is only 2p!
Very good!

tell you what..
focus on the future
900 may be huge number now
but this is going to be more than 30 in few years time..compare to that even 1000 doesn't looks big..

i shall just continue to watch in wonderment

nice PE ratio.

MORGAN STANLEY RAISES ASOS PLC PRICE TARGET TO 980P FROM 725P;
rating overweight

the more i think about this company, the more i think it is now seriously over-valued.
who can deny that spending power in uk is heading south for at least the next 18 months, not only through heavier taxation, but also growing unemployment?
that being so, leaving aside the questionable (subjective view) quality of the products they sell, i can see sp coming coming back to earth with a bump.

will i marry money to mouth?
quite probably, though only quite modestly

1000p soon.

mitzy - so why do you think my analysis above is wrong?

From this week's Shares mag:
"Despite increasing his 2012 earnings per share forecast (EPS) by 6% to 33.3p, Matthew McEachran of Singer has reluctantly downgraded his ASOS (ASC:AIM) recommendation to sell with a 725p price target.
His new recommendation is really a reflection of the shares second-quarter 80% gallop from 500p to 902p. The internet fashion retailer trades a prospective price/earnings ratio (PE) for 2011 of 35.9 times, almost a new all-time high. On a calendar 2011 PER of 29 times the rating is roughly 2.8 times that of the market and the sector. The groups PEG rating has more than doubled compared with the average over the last two years. Similarly the shares PE is three times that of the general retail sectors, compared with the previous average of 1.7 times. McEachran notes historically such valuations peaks have resulted in subsequent underperformance. Septembers proposed launch in the USA is to be followed shortly afterwards by expansion in to France and Germany. This increases the 660 million caps potential addressable market from 4.8 billion to 29 billion. Although international expansion is not without risk the decision to fulfill it from a sole domestic warehouse reduces the dangers involved.
There will be no investment in international infrastructure until it is fully justified.
The broker agrees ASOS will enjoy strong forward earnings growth but basically believes the valuation is ahead of events."

you don't need magazine to see that angle starting from 9 june rather hard be sustainable, may think about bump and run

t
i thought you didnt do technicals or charting, fundys only, so why mention angels?
could be wrong. like you i havent yet bought and posted my buy.the trend is still UP so i shant be selling either.i'm still on the bench with you.
regards
jkd

because sp is up there with them and, like icarus, set to burn and crash to earth?

Perhaps if he had bought his wings from ASOS, things might have been different???

Cynic
dont be influenced by me or anyone else. do what you always do.that which you feel and think is right.it always is, even if it turns out not to be so,if you see what i mean.
regards and good luck
jkd

if he'd bought them from ASOS, one would probably have fallen off on the runway ..... but at least he would not have burnt up

jkd, you son of the...charts speculation :))
fundamentals.no others options.best way.
technicals..yup, man.. bit of charts as recent homework, to cover whole possible picture of madness, for a bit to accelerate few % ,but just ...
but my favorite at the moment would be candlesticks, love huge history behind it..
and for your relax i was in and im out (2928- i know you love that precission)
okay man, see what i think , now, we may have bump and run formation by thomas bulkowski from 1997 , highest top of bump measured from lead-in is more than 2x than highest top of lead-in and angle of bump basis is more than 50% from lead-in basis angle, jump in volume at beginning of bump also. now you've got your 'angle can't be sustain'..why not? come back to fundamentals
got that?
:))

money now married to mouth at 889, so let's see if my hunch proves profitable ..... shame it's such an illiquid stock