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!!

your hands must be cut to ribbons ..... self mutilation?

Canute springs to mind.

now question who will become Canute...

Or just plain Cute ;)

toi!

Or toi and moi become Edward ll if sp start explore further abbys

next week fight for 2000 level. exciting..

looking very good today, completely different market structure , close 2059 perfect for today and for friday..

actually to be precise friday close have to be 2157 and im sure big guys will work on it...

cynic are you still alive , or should i call you Edward ll...

btw i just closed my long , nice , it dived too low before and change a bit structure , lets see whats what , 90 points up for now..

Edward ll am not been funny but i bet you pray for today to finish now...

serves me right! .... still holding despite citibank's buy recommendation ..... meanwhile SGP continues to fall ..... actually, a pretty rubbish day for me today all round

83k for close and some 120k after market , a clash of a titans... no rally yet so you will get your chance but just for damage limitation.

Cynic more a....Richard the 3rd....me thinks.,.

A small dark brown .........

it was close sitting below 2310 in last minutes ..but massive close wipe out any hopes for reversal.

Cynic , for all these negative words about asos, one is punishing now big time..isnt it..

0655 GMT [Dow Jones] Goldman Sachs raises ASOS (ASC.LN) target to 3500p from 2900p, following the company's FY '11 results. Goldman raises its FY '11-'15 revenue compound annual growth rate for ASOS to 48% from 41% to incorporate the extension of the global free delivery offer and potential from China. Says ASOS is a well-positioned pure-play within a fast growing industry and as it continues to deliver strong sales and earnings growth, there is scope for further share price outperformance. Reiterates conviction buy. Shares closed Tuesday at 2317p

London: British on-line fashion firm Asos said entering China was a question of "when not if" as it posted a 41 per cent rise in year profit and said it was on track to make 1 billion (Dh5.87 billion) of sales by 2015.

Chief executive Nick Robertson said China had been identified as Asos's fifth strategic market after Britain, the US, France and Germany.

"It [China] will be entered, it's not if but when,' he told Reuters. "It will be a partnership because we can't do it independently.

"It's part of a strategic play, you've got to think where it would be in 10 years,"

Robertson would not commit to entering China with a local language website in 2011 but promised an update when the firm reports interim results in October.

He said the partner would "more than likely" be Chinese.

Asos, which targets Internet-savvy 16- to 34-year old women looking to emulate the designer looks of celebrities such as Kate Moss, Sienna Miller and Alexa Chung, but at a fraction of the price, posted an underlying pre-tax profit of 28.6 million in the year to March 31.

That compared with analysts' average forecast of 27.2 million, according to Thomson Reuters I/B/E/S data, and 20.3 million made in 2009-10.

Outlook positive

"We remain positive about the outlook for 2012 and remain on track to deliver our ambitious plan of 1 billion of sales by 2015," said Robertson.

Shares in Asos have more than trebled over the last year, fuelled by buoyant trading and speculation it could attract a bid from firms as diverse as 20.3 per cent Danish shareholder and supplier Bestseller, US Internet retailer Amazon and UK retailers Marks & Spencer and Tesco.

"Asos is priced for perfection, even though it is hard to see what could go wrong. Even after recent upgrades, the forward P/E (price/earnings ratio) of almost 65 times looks well up with events," said Arden Partners analyst Nick Bubb.

Asos' revenue increased 52 per cent to 339.7 million in the 2010-11 year, with UK retail sales up 25 per cent and international sales up 142 per cent, benefiting from the launch of US, French and German websites.

Websites for Spain, Italy and Australia will be launched in 2011. While many UK retailers have struggled against tough macro headwinds, Asos has prospered, benefiting from a young core customer base and the migration of spending from the high street to the internet.