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!!

November 22, 2010
ACTION
Buy
ASOS plc (ASOS.L)
Return Potential: 60%
What if? Further international expansion scenario analysis
Source of opportunity
Based on our analysis of ASOS international expansion potential, a push
into the 14 tactical markets it has identified (other European countries,
Australia, BRICs, Japan & South Korea) could generate sales of c.1.5 bn
by FY2021. Furthermore, assuming ASOS achieves c.1.0%-1.1% clothing
retail market share in the US, France and Germany and c.2% market share
in the UK (jointly generating sales of c.3.3 bn), we believe group sales
could reach c.5 bn by FY2021. This upside potential is dependent on a raft
of assumptions, but reflects our view of sustainable top quartile growth
potential for ASOS as tactical markets are promoted to strategic status.
Catalyst
We expect ASOS 3Q2011 trading update in January 2011 and an update
on the fifth strategic market mid-2011, which we believe could be China or
Russia, based on current traffic data. In Increasing price targets to reflect
sustainable growth profile (October 5), we highlighted ASOS and YOOX as
well-positioned pure-plays in a fast growing industry, with scope for
further outperformance as they continue to deliver strong sales and
earnings growth (both on GS SUSTAIN Emerging Industry Leaders List).
Valuation
We raise our sales forecasts from FY2012 to reflect an increase in targeted
international expansion outside the five strategic countries in the medium
term. Our earnings decrease marginally on higher than expected
personnel, marketing and IT costs, but we estimate ASOS earnings are
growing nearly 3x faster than top European apparel retailers like H&M and
Inditex. Our 6-month DCF-based price target is now 2000p (from 1700p).
Key risks
Downside risks include delays and operational complications from
warehouse expansion plans, competition from offline retailers expanding
internet offerings and failure to execute international expansion plans.

thats a mega article woodie...

part of the gs note sent late yesterday afternoon to clients

WTF is going on with these today?

because some, like me, think the stock is ludicrously o'priced and will fall like a stone once economic reality and realisation sets in, while others, like SG, reckon it should be worth 20.00

bloody battle , big fight right on support ,that important check how firm that floor is makes me sick.. lets see close

is trading oposite way to ftse100 and one still going up , hope will f...resist that

hope all sellers will f... die in that battle today...

glad that drama is over for today. heart broken for tommorow

so far so good , after close yesterday 330k buy and open much higher ... must close above last close or we are doomed..

so sell some of that vast number you have been holding since 20p!

yea 20p......at 1245..., normally i don't mind few % drop on the begining , but this time quiet different story. this time most leveraging so entry should be nailed...etc.... but have to admit this time i messed up point as i didn't expect drop below 1250. so drop to 1208 at some point put me in to f.. nuclear-war-zone-mode... and not just because of running loss but fail of teory wich drives me nuts the most:).this is the part of work when you get swet.:)
btw v good day and floor defended , downtrend should change.

gap up at open, so , promising start

1300 mega good , no need to go any higher yet , now focus on securing winning field above open would be wise today and potent for next week.

tomasz haven't you got anyone else in your family to talk to?......Getting bored with your drivel

lol , glad you enjoyed , fasten your belts for the next 5 years then..

whore's drawers!

yo - yo

this is kind of performance what one brave getting sweat for :))
btw nice fight

poor sellers fighting not just buyers today but ftse as well , big chunks to keep under 1400 not changing to much.. it will cost them many soldiers....nice