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!!

25% Tesco bought 12/02 +52%
15% Nat Grid bought 04/04 +13%
15% Atkins bought 02/04 +8%
10% cybit bought 09/03 -1%
10% bprg 08/04 +21%
10% sps 10/04 +55%
10% mph 06/04 +90%
5% pet 10/04 -24%
5% pci 09/04 +4%
2.5% azm 02/04 -39%
2,5% iqe 06/04 +2%

other shares sold asc +40% trt -5% wpp -15% prm -25% capita +10% codascisys (my first buy back in the late 90's) +140% I then lost this money on bt and vodafone.

Eric - agree with and thanks for compiling the guidelines.
My portfolio is comprised of smaller amounts of more shares roughly as follows: 10-12% each : PDX,PET,ASC,BNH,HNR,and DFD (does anyone else have this one?)
4-5% each: SEY,PCI,SPS,PRE,MPH and FTO
I also have a small amount of TAD,ARX and ITH....and that's the whole sorry tale or at least it has been this week!

johngtudor, ptholden

Its helpful seeing a breakdown of other portfolios which have some common thinking with one's own and particularly to see the extent which our ASOS Challenge Portfolio is represented. As our 'resident authorities', it may be that you have some words of wisdom for Kivver and sandrew64 (and myself), plus anyone else who chooses to share. Given our collective optimism with regard to ASC, I would encourage Kivver to get back in and suggest that 20% is not too much and the share doubling can then have real effect!

Eric

Certainly looking to get back into asc before the xmas fever starts, will need to sell first as fully invested, but which ones to sell perhaps you could give some advice has to which shares wiil not grow as quickly as asc in my porfolio.

hello everyone! i can't believe thet this thread has gone so awol! the origional thread was about "ASC" and that's surely the way it should be! if we turn every thread into a competition of other share predictions then what is the value of the actual thread, surely an "ASC" thread should solely be about "ASC", etc. if we want a competition then let's sureluy create a thread on a seperate basis??? YEAH?:?:?

Eric et all,

Have been a little pre occupied this evening, my notebook keeps getting infected with a virus called 'spybot' or some such thing. Have deleted following Symantec instructions, but it seems to keep coming back. Driving me crazy, since I have upto date definations and a firewall, hopefully this time it has gone for good.

On the share front, I am now fully committed to CFA having purchased my last tranche but one today. As far as the remainder of the portfolio goes, I don't hold all of the 'portfolio' stocks, but do hold, CYC, CFP, SEY, (and SEO through my Share Club). I still have some funds available for another small investment or two, but am probably going to have a play with FOGL tomorrow as I am at home all day.

A quick word on ASC, as you would know I was somewhat pessemistic re ASC three weeks or so ago and I still believe it was teetering on the edge, (nothing whatsoever to do with the comapny prospects), but I now have to admit that the small storm has been weathered and I can now only see the upward trend continuing.

Will be interesting to see which way CFP go for the remainder of this week. Seems to be a few whispers that the SP is ready to make the next upward move, certainly, a case can be made from the TA to support that statement.

Regards

PTH

PS. Hopefully I will have time tomorrow to look at some charts instead of chasing computer viri.

cashcaptain

You have a case. However, 10 regular readers / contributors have worked together to put together a portfolio based on a potential to beat ASC to doubling. Each has its own thread so there is no need to post news on this thread, only perhaps to cross-reference to news on the relevant thread. It would not appear to be having a negative effect on comments on ASC on this bb as ASC is a common actual or potential component of each person's portfolio. The above contribution from PTH, for instance, and my previous two contributions, both discuss ASC information. After all, each of us is trying to weigh the level of investment in ASC against other holdings. However, if there is a concensus that agrees with you, we could certainly start a new thread.

Eric

Cash Captain, you have a fair point as does Eric. However, the 10 regular 'readers / contributors' are actually keeping this thread alive. When a stock is displaying significant upward movement, posts on BBs are in abundance, same can be said when on a downward trend. I would suggest that whilst trading sideways, which ASC has done for a while, (although now back on the way up), all goes quiet. So, despite not being dedicated solely to ASC, I am sure our 'conversations' have helped maintain ASC at the forefront of this BB. Don't underestimate the amount of 'lurkers' who will have seen ASC on their screen every day. Having said all that if others feel strongly, I am quite happy to move to a new thread. Wouldn't want to upset our occasional visitors.

PTH

Morning All

Just being looking at the Chart and looks like a fall may be in the pipeline. Trading at the upper levels of the Bollinger Bands. Just a guess, (I know, keep changing my mind!).

PTH

I very rarely contribute anything to threads but cashcaptain's comments are a bit unfair. I read ASC thread daily and I am sure there are hundreds like me who do. I have to thank you, EW Robson, ptholden, and the others,for making this one of the most interesting and valuable threads. So what if it deviates from ASC sometimes? It always gets back to the subject and in the meantime we have had some really helpful comments as to how it compares with other shares. It is very interesting to know what other shares the knowledgeable investors own and which ones to avoid - also doing our own research of course.

I bought ASC the first time around at 41p and made quite a good little profit. Then made the mistake of buying at 65p and waiting ever since for them to get back there. It is only your enthusiasm that the shares will rise that stops me worrying.

Keep up the good work all - it's rivetting stuff. Some threads for other shares have sunk to the depths and aren't worth reading anymore.

mysunshine

mysunshine,

Many thanks for your encouraging post, it's nice to know that at least one of the board's 'lurker' finds something useful in this thread.

Incidentally, I don't think you have made a mistake in buying at 65p. It would be fair to say that I am not a great fan of explosive rises in share prices and although this might mean I miss out, I also save some momey by not being sucked in at the top. I have made no secret of the fact that I believed ASC SP rose too quickly and that there would be a retrace at some stage. I have also stated that the fundamentals of the company and long term share value are good. So, if I were you I would not worry too much, 65p will, no doubt be attained once more, (and beyond), but it may be a bumpy ride on the way. All IMHO of course.

Regards

PTH

By the way, buy CFP so I can win this little competition, you won't be sorry. Ramp Ramp Ramp. LOL

Eric: Re an earlier point raised on Portfolio weightings - this is of course an important subject and there is a lot of published advice around that I would urge everyone to read. The No.1 priority is to make sure that whatever happens to a particular investment you are still a player the next day! By this I mean if a particular stock 'plunges' for whatever reason, and your investment is wiped out then you still have money around to continue investing afterwards. Many texts will suggest that no more than 10% is invested in any particular stock, and that is a good rule, personally I like to round up the share parcels to round numbers so I do not stick rigidly to the axiom. I have recently read that some of the experienced Fund Managers have up to 40% invested in the Oil & Gas Sector of the market because they see continued upside through the next quarter in the sector. They then allocate from that pool of money sums for individual stocks. For general growth funds that is a very high % investment in one sector. I mention this last point for those of us placing our money into teh Oil and Gas exploration stocks.

Re: The Portfolio's listed by a group of like minded and enthusiastic investors I will carefull go through the lists and give my comments for what they are worth shortly.

Re: ASOS I have several sets of application s/w that I am running on our selections and of course like everyone else, we all have our favourites. At this time my favourite s/w suite, apart from the minute by minute gyrations...is telling me that ASOS is building momentum from the current price and is consistent with a comment I made a week or so ago that sometimes it is very healthy for a stock to consolidate at a particular price before setting off for the next leg up! I have also found that a small purchase has moved the SP UP. A good sign.

ptholden: I agree on the Bollinger Band, but it could also mean that if the SP continues to rise it will push the upper envelope upwards!! Importantly the Kagi Chart is showing blue for the first time in a while. Another good sign!

John

John

Good post, you are absolutely right of course that the envelope may push upwards. As I said before, I can't seem to make up my mind on this one!

Incidenatlly, I think to be fair to point out to one and all, that I do not pretend to be an expert on TA. I merely use the basics, trendlines, support, resistance, RSI, volume, MACD and a few well known charting techniques to try and hazard a guess as to what may happen next. I have a load of stuff on candlesticks, but haven't quite got round to reading it all yet. So, as far as TA is concerned, I am very happy to listen to the greater knowledge of John.

regards

PTH

johngtudor, ptholden

Its great having you two guys analysing the charts. Despite having a Maths background, I suspect I am somewhat right-brained when I look at charts and feel happier going by intuition. Its also good having the charts to refer to at pth's post 400. My intuition says that the sp can't bounce off the BB because it is approaching it at right angles (we can't go back in time, or can we?). Another intuitive point on today's trading. Sells heavily outweighing buys - yet the price has risen 0.25p. Why? My suggestion is that the MMs are soaking up stock on the assumption that there is going to be a heavy demand; i.e. their own reading from a combination of newsflow and charts is that demand will be getting significantly heavier in the near future and they want to have the stock to fulfil it, making loads of lolly of course. Is this standard theory or should I give it a name?

By the way, caught PTH giving as a reason to buy CFP that he should win this competition! My response is - read the YOO thread for comments by mactavish today. My feel is that ASC and YOO (possibly 'even' CFP and certainly PET) can move a long way quickly once the momentum builds up.

Thanks again to mysunshine for encouraging comments - as pth, recommend accumulate to overweight position. I'll return later to jgt's comments re maximum stake in a particular share (depends on onjectives).

Eric

Eric, don't rule out my CCN I am up 20%+ already !!

capa

capa

Well done; could well be leader after week 2. Ouch! Was that a 10% fall today - yes, but your +20% allows for that. Mind, I think you're tarred with the same brush as pth. Just looked at your site and: who is doing the buying? yes, you guessed it, capa!

Eric

Yes Eric 10% drop today which meant I was up 40% by yesterdays close.

Personally I hope MPH win I've got a lot more on that stock than CCN.

capa

MPH TO WIN, 100p in a few weeks WHAT A SHARE!!! ramp ramp ramp lol

Order books looking good and encouraging comments from the company recently, beat forcasted predictions, feel theres still plenty of upside to come yet!

I think we should lay out a few rules here. Obviously from Mysunshine's post, there are 'lurkers' possibb lybeing led astray by reading all of our nonsense, so we should establish that no ramping of our respective picks, (or others for that matter), should be allowed.

























Buy CFP, RAMP RAMP RAMP

LoL, Lol.

On a more serious note, I did think ASC might be red today, and indeed they were, for a while. Sells outnumbered buys, but for some reason they were marked back up by the close. A little baffled as to why the price hasn't been marked down more?

Regards to all

PTH

I don't understand the whole buys/sells pricing thing either PTH. Just had a scan through some prices and CWO(I don't own any,just looking)went up 45% with more sells than buys.Shame we weren't that lucky with ASC!