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!!

pth

OK! Starting point is, for the record: ASC 56p; YOO 22p.

Looks like a bear attack today with persistant selling, much in blocks of 25K and 35K shares. Might give the best buy opportunity.

Eric

Morning Eric, sorry to see YOO on a bit of a slide, but well maybe a buying opportunity.

Released some funds yesterday, for a possible buy into ASC, but have got sidetracked this morning by PRE. So ASC on the back burner again for a while. ASC treading water at the moment it seems, so by the time it decides what to do, I may be ready. Will have a look at the charts again later today and see if there are any indicators.

regards

PTH

PTH:

So good call on BPRG. Lots of good news flow, and although I normally like to see a 2 day close over my target entry points as well as an end of week close, this was too good an opportunity to miss and bought in. We now have a positive court verdict on the patent issue and probably lots of good weekend press coverage to come as well. So as previously discussed I think the 160p target is now ON. We shall see.

The ASC AGM seems to have missed the staid journalists on Shares and IC, still lots of time yet to beef up the press coverage!


Have a profitable day!! John

Looks like ASC may be about to test support at 55p again. Chart doesn't look quite as clear cut as the previous bounce of a few days ago. Bollinger Bands now at a slightly lower, RSI at a mid level. Will be interesting to see which way it goes. If it fails at 55p, next Chart support is at 45p.

Regards

PTH

John

Having read the BPRG statement first, it appered that they had it all their own way. Have now read the SEO statement and it is a slightly different story. Both companies look like they have come out with a bit of a win, which suits all Private Investors, so it seems a pleasing result for all concerned. Sorry to be off thread yet again!!

PTH

PTH:

Agree with your analysis on both ASC and BPRG. John

Oops, spoke too soon, buyers dived in and back in the blue!!

Confusion! last price shown in my stockwatch 58.50 +1.50, but closing price column has 58.00 +1.00 . Last trade for 300,000 shown as sale, is that correct? I've had T trades go through on wrong side before.

Evening all,

Good recovery by ASC late this afternoon, looked for most of the day that support at 55p would be tested. On the plus side the overall uptrend remains intact, RSI remains reasonably positive, although with little momentum, and trading well within the Bollinger Bands. On the negative side, low volume, MACD Bearish MA crossover, looking to be followed by a MACD MA Centreline crossover. Difficult to say what's coming next, next week will reveal all. But 55p has proved good support thus far and no real reason yet to think otherwise. Although if 55p is breached stand by to see 45p. All IMHO of course.

regards

PTH

I cant see any reason for it to go to 45p. every time it wavers below 55p and support comes in.its definitaly pausing for breath, but i do not think for long

Rake

Press shows a close of 58p and there was no actual trading band centred as high as 58.5p. Given that there will be several mm's, I just don't know which price they take; they can certainly offer different prices. The 300K is marked as a T trade. Interesting that sells significantly outweighed buyers althoug price stregthened on day. There was a reasonably concerted buying effort from about noon which more than outweighed the heavier selling earlier in the day.

ptholden

I think the significant fact is that we are in a relatively quiet, no news period, yet buyers are coming in around the 56p to 58p level. Given the near certainty that the next news will be very positive, although the interval could well be something like two months, there are unlikely to be many sales from genuine investors and it looks as though the 'evil' traders are not getting anywhere!

willfagg

I agree with you. Pleased to see you buying YOO and joining the ASC v YOO challenge. Others are welcome to nominate a share to double quicker than ASC! Doubtful about BPRG which is already heavily capitalised.

Eric

Eric

How long will buyers keep coming in at the 56-58p level? The uptrend remains intact, but only if buyers keep coming in. As you say more buys than sells yesterday, a few more days like that and the uptrend will be broken. SP generally drift downwards on periods of no news. Agree that genuine investors may hang on, but those who bought in at low prices may well decide to take profits now and perhaps buy back in at a lower level.

Just playing Devil's Advocate!!

BPRG, a long way to go yet!! Couldn't tear myself away on Friday and the plot continues to thicken, wth the possibility of a SEO appeal, (waste of money if you ask me, even if they could afford it).

Look at Energy shares Eric, they are certainly the flavour of the month.

Regards

PTH

4 shres worth look asc(buy on the dips) bprg, sps, pet (stil could go a long way, but you will have to get in early on monday morn (very speculative!)

I'm with you Kivver, except for bprg and I'll also throw in bnh, sey,and pdx.

and don't forget PRE!!!!!

Of course!!

Great to hear views on the upwardly mobile shares. But the specific challenge is to nominate a share to double before ASC. Several of us who contribute to this column are pretty confident that ASC will double by, well, anthing between Xmas and next year's finals. My nomination is YOO. We can progress the challenge through these columns and it will be a chance to evaluate and perhaps invest in the other nominations.

Agree PTH. It turns out that our views only differ in short-term prices and therefore timing. From an investment standpoint I would like to see the price come back a bit for the time when I can increase the stake to its former levels. I think it more likely that it will meander around its current levels. Then we will start getting articles on who will benefit from the Xmas season in retail - and we know it will be ASC, ASC and ASC.

Eric

Nice write up in the womens section of todays Times, very encouraging to read but hasn't moved the SP much.

EWRobson:

Taking up your challenge and having already had one successful 'hunch' namely Epic Code PET. I submit PCI. News later this month, early next, could transform this SP currently at 15p with the current value of black gold ever increasing! PCI also has some good cash flow coming out of the Irish Sea from Gas deposits to fund many of it's exporation activites. So let's see. BUR went up 90p after I mentioned it to you so I am hoping this post brings the same luck!