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ASOS: BUY AT LOW PRICE!!!! (ASC)     

wilco99 - 12 Sep 2003 15:52

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!!


Chart.aspx?Provider=EODIntra&Code=ASC&Si

Shortie - 03 Feb 2014 14:54 - 5006 of 5941

Here's the new downwards trend. We need it to fall away from the upper trendline before shorting, notice the bottom will fall in with around 5900 being phase 2 of the short movement.

cynic - 03 Feb 2014 14:59 - 5007 of 5941

many thanks shortie ..... i always get the feeling that if the market starts getting bored (thinking straight!) with this stock, then 5900 may look very conservative

Shortie - 03 Feb 2014 15:10 - 5008 of 5941

If the trendlines hold above Cynic then this will be an easy short, as always though patience is key as these things have a tendancy to upset..

skinny - 04 Feb 2014 13:22 - 5009 of 5941

The Capital Group Companies > 8%

Shortie - 11 Feb 2014 15:24 - 5010 of 5941

Inverted Hammer....

Shortie - 14 Feb 2014 11:44 - 5011 of 5941

Back to a longer dated chart, ASC still playing the long game and now back into its old bullish range... I'll keep watching as it approaches the upper channel as I might get the chance to short.

Shortie - 24 Feb 2014 12:52 - 5012 of 5941

Topping out again..!

Shortie - 25 Feb 2014 14:04 - 5013 of 5941

6993 gone short.

required field - 26 Feb 2014 08:11 - 5014 of 5941

I can't believe this balloon is back to 70 quid....nuts....

Shortie - 26 Feb 2014 17:09 - 5015 of 5941

If I'm right this will play out as a double top and retrace same as before, wrong and the upwards channel will continue. Can it break resistance this time with a more sustained run to challenge resistance? I await my confirmation cross before adding or reversing my short position.

Shortie - 27 Feb 2014 12:10 - 5016 of 5941

My shorts looking good :-)

skinny - 27 Feb 2014 12:40 - 5017 of 5941

Nice one - a bit of a turnaround from earlier!

Chart.aspx?Provider=Intra&Code=ASC&Size=

Shortie - 27 Feb 2014 14:32 - 5018 of 5941

Yeah, 7000 seams to have good resistance at the moment.

required field - 28 Feb 2014 15:42 - 5019 of 5941

How on earth is this valued at 5.2 billion pounds....it's ridiculous...one day this will crash...badly...!...

required field - 28 Feb 2014 15:55 - 5020 of 5941

And probably pull the market down a bit with it...

required field - 28 Feb 2014 16:15 - 5021 of 5941

It's blinkin' going up...unbelievable...

Shortie - 28 Feb 2014 16:31 - 5022 of 5941

Its testing resistence still...

cynic - 03 Mar 2014 07:56 - 5023 of 5941

it'll be interesting to see what effect this morning's cataclysm has on this supremely over-valued stock

Shortie - 03 Mar 2014 12:58 - 5024 of 5941

6891 position closed +102

Shortie - 03 Mar 2014 16:21 - 5025 of 5941

Not a good candel to have today when shorting hence I closed my position and took a profit. Lets hope we're not about to test highs again!
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