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!!

Here's where I put them (from current price going down, support, support, resistance)... 6752 I've taken a profit on 25% of my short. This de-risks me a little as I've got my eye on a Wall St short this afternoon.

Martin Luther King day today.

Can still place the spread though..

The above chart breakout from 6187 begun on the 2nd January. It's from here the initial head and shoulders position (double) that we are currently shorting, and confirming the overall short position.

6786 closed 25% and taken a further profit.

banked my very small profit yesterday .... pity as opening bell sees sp down nearly 200

Bubble burst......and I regret not shorting it....but tied up with others unfortunately...

Hindsight is a fine thing RF... I've still a decent sized short in play, think I'll look at trailing a stop loss now.

Well done Shortie - still not for me.

A couple of non TP specific neutral downgrades this morning.

Exane BNP Paribas Neutral 6,520.50 6,825.00 - - Downgrades

Goldman Sachs Neutral 6,520.50 6,825.00 - - Downgrades

Thank you Skinny.. I never follow brokers if I'm going short though, there always weeks if not months behind the action..

Agreed and those two were not out first thing - just hedging their bets so as not to look too out of kilter!

at least today we do not have to listen to tomasz's rubbish

No doubt he'll be back on the next rally claiming his victory and how much money he's made... Good job I've squelched him...

This more than makes up for my bit of a Blunder in NXT....

6298 stop set to lock in +600 pts profit on my final holding.

Stop triggered, thats me..
Final result +146 on 25%, +112 on 25%, +600 on 50%...

fwiw, mthe chart below is quite interesting .... 25/50 dma have both been breached, but over the last year, sp has always recovered from those occasional positions .... how convinced would you be that that will be the case this time?

L2 shows it is the PIs who are being squeezed very hard, so it would be easy to see sp slipping a further several £ before any meaningful buying interest kicks in - but almost certainly not mine!

The initial head and shoulders was my main play as I deemed any extended fall would yield a smaller movement over a greater amount of time. You could well see a recovery here but I think the new trend will be down/sideways... This share first needs to find support before any upside.. 5750 would be my guess and a guess it is as this stock is still very overvalued at these levels... I'm waiting for the 9/25 dma cross and then will no doubt look at shorting again.

I wonder if Tomasz is buying his beloved stock right now? So much for the art of making money ah... just another ramper!!