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!!

fully agree, but to my mind, once sp recovers to >£62.00 (as suggested by PTH), shorting looks ever more interesting

Why 6200, its overvalued still and I'll short off a sell signal regardless of sp.

haven't really thought where that signal might be, though i understand from where PTH got his number
however, as this stock moves heftily almost without warning, you have to take your position a little ahead of time ..... would you concur?

Definitely not, if you take your position ahead of time then you most certainly risk being caught short.. You may lose some shorting ground confirming the signal but better that than a unrealised loss to shoulder.

an interesting and generally valid view, but you could not have predicted (i think) yesterday's dramatic tumble on the results
in the past, ASC has confounded everyone by beating forecasts, and thus sp has risen on the announcement

Lets face it the brokers do have a clue based on their valuation model what a companys true worth is.

These people live and die by thier analysis and face the axe if they get it seriously wrong.

I know this as I have been employed by both Shore Capital and Barclays Capital not as an analyst but on the resources side as a management accountant.

True they do get it wrong sometimes, but you tell me who doesnt.

Just look at the Chancellors budget forecasts in the past 3 years.!!!!!!!!

sticky - this isn't a political platform! .....

however, it seems to me that these so-called professional analysts (and economists) get it wrong an awful lot of the time ..... the analyses above, admittedly on a very oddball stock, have a wide variation on recommendation and value (target) ..... so which would you care to choose?

Your correct Cynic, I couldn't have predicted yesterdays result or how the market would react. I can however wait until after the event has unfolded and follow the signals being left...

Just to put you in the picture Cynic i dont take or answer direct questions from you anymore.

Like a lot of others on money am i have lost all respect i had in you.

How can anyone respect a person who just over looks everyones else's point of view but continually puts is own flawed point of view forward repeatedly.

The number of E-mails I get compaining about you.......ohhh dear.

Shortie - 19 Mar 2014 12:38 - 5078 of 5079

Your correct Cynic, I couldn't have predicted yesterdays result or how the market would react. I can however wait until after the event has unfolded and follow the signals being left...........ends

did not the Broker updates COME AFTER the results and company/analyst meeting (in many cases).!!!!!!!!!!!!!!!

Cynic is wrong.

Like a lot of others on money am i have lost all respect i had in you.
what a singularly childish and irrelevant comment
am i even meant to take offense let alone be upset?

why was i wrong?
i took a gamble and a small(ish) short position several weeks ago ..... i am more than happy that it eventually proved to be absolutely on the money, to make a rather silly pun!

like shortie, i still think this stock is hopelessly over-valued, even if the market continues to think otherwise - for now

goldfinger you're right, there is a number of brokers who understand market's ability to price the business and be able to stay in a step with the market.the competitiveness is forcing them to drop "true value" numbers with margin of safety because of seldomness of cheap.

well MrT, i'll refer you back to posts 5068 and 5069 and ask you the same question that i raised in 5077

it seems that sticky (GF) chooses not to choose

GF I was agreeing that I couldn't have predicted yesterdays fall, nothing more.

As much as I'd love to debate, ASC is going back on my watch list until, such a time sell signals arise again.

£62 has been a busy area for ASC previously and old areas of resistance often become so again. Also, although the chart indicates otherwise I suspect the price gapped down from the open on the news so another reason for this area to assume some importance.

Incidentally what planet is gold finger on? Used to rate his stock picking skills but seems to have regressed to being a childish fantasist. Shame when people lose their marbles.

ptholden if anyones lost their marbles its you.

Is it the layoff that as effected you?

If your saying im in the wrong here just say that and dont issue empty threats or put up and threaten me face to face.

Which is exactly the kind of behaviour I was referring to.

Well Id rather speak face to face with you rather than you proving yourself to be a coward by going behind my back and leaving your childish remarks on a board when you think Im not around.

Now explain to me just what have i done wrong here?.

Please answer it in an adult manner.

These things can be sorted.