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!!

loaded the whole truck at 2146-36 and floored spread 2134.sweet.

2281.. tearing..

2424..impressive close ..things looking beautiful..

this could be thereason for todays late rise

Online fashion retailer Asos has branched out into the luxury market by buying a multi-million pound stake in Covetique, which sells pre-owned designer clothes, shoes and handbags on the web.


Asos targets "fashion-forward twentysomethings globally", and its customers will be able to access Covetique through its own website after it bagged a 30 per cent shareholding in the start-up for an undisclosed sum.

Founded in 2011 by financiers Nicola McClafferty and Bobby Devins, Covetique sells second-hand clothes and footwear, including styles by Alexander McQueen and Burberry at discount prices.

Asos already sells second-hand clothes on its Marketplace site, but Covetique will extend its offer to luxury fashion pieces.

could be woodie, could be , good article.

what a swing ! +50 down, +70 up.....definitely not good day for weak longs ...not good for shorts at the end too..lol.

sensitive area today ..should bring some volume for conviction..

good finish.

nobody commenting on Amazon going head to head with ASOS?

nobody other than gibbering tomcat much interested in ASC either!

since i've got heavy load this time deciphering what's price is doing is much more important to me then potential takeover twit.surely ex Amazon McBride move makes things more interesting but any bid have to face 27% suplier's stake.here i don't see it easy go ahead.

no worrying about shares but im happy be out of spreads Friday, didn't catch these 25s but still 340 pts/70% up on spreads seems not bad at all :)

well, and makes even more independent of sort of cynic's views..

price did not that bad as I feared so did reopen spread slowly at 2456

Trading Statement

Q1 Highlights

· Retail sales +30% year on year (UK +24%, International +34%)
· International sales 63% of total (61% last year)
· Retail gross margin down 100bps on prior year (+440bps in Q1 2011/12)
· In-country offices opened in USA, France and Germany
· 5.4 million active customers* at 30 November 2012 (+35% year on year)

Got to love that sudden 50 point swoosh

From 2570 to new teritory - 2620 in one tick!

just loaded more spread at 2530 .. btw should definitely listen to brokers like Espirito.. or something..1200 price target !..got to love these guys..

I think 2600 looks really sexy..:))

decent sized article on Asos back page biz section yesterday's ST .... generally quite positive, BUT finished off .....

" .... It is growing like Topsy and is very fully valued - roughly 49 times next year's projected earnings. The biggest risk for investors is that even the slightest mis-step could knock it off its perch."