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!!

Think I will as well. Though something will have to go to raise funds and not sure what!

PTH: Super to get the graphs brought foward with your analysis. Don't the Bollinger Bands have to move ahead if the price is moving ahead? The spread is widening - I'm not sure whether one follows the other or they actually are just moving in concert. The main thing is that the argument for early progress is both qualitative and quantitative. Don't leave it long in the morning, though! I'll be on the golf course, hoping for a pleasant surprise on my return.

sandrew: That's always the tricky one. You probably like them all, otherwise you wouldn't be holding them. PET is probably the jewel in the crown - it certainly appears possible that there could be an announcement tomorrow which could send the price spiralling (upwards!). All ASCs should be in PET and vice versa! My own view is that the sell decision is not necessarily based on the amount of the profit or loss but how it fits your objectives. ASC, like PET, may not provide dividends for a while although I seem to remember that they said it would be considered and they may not need to plough that much into expansion; they will certainly be generating lots of cash this season. The primary thing that will drive the price will be PE projections. I have been reducing holdings where I can't see a major price movement in the next six months. AZM is a case in point where I think a major licensing deal may be 6 months away and then they will join the doubling brigade. I have reduced my holding from a 20% weighting to 10% which means I don't lose out if it comes earlier. I should then be able to build back up from ASC (or PET(!) thanks to you) profits.
Hope that helps the thought processes.

Eric

Eric
Thanks for your comments. I'm afraid I'm with the Buffet ideology on dividends..I'd rather the company reinvested that money so I can have even larger profits!! Well the portfolio is getting smaller by the day...ARX,ITH and TAD(all small holdings and longshots) bit the dust,at least for now, to top up SEY...sounds like something may be brewing with this one. After much consideration,and using the analogy you've described above only working to a smaller time frame, PDX and possibly BNH (psst. don't tell legend) are up for pruning in the morning. Please don't thank me for PET yet...if those rumours aren't true you'll be cursing me!! Enjoy your golf....I think I'll be rivetted to the spot awaiting an announcement...nibbling knuckles as nails long gone!!!

Eric

Took your advice and added first thing, not for under 70p though.

cheers

capa

Me too!

Well, after many months of umming and arring I am in, although overslept and paid more than I intended, never mind. Nice to see the breakout though.

Regards

PTH

ASOS now on the ipoints program, 1 point for every 1 spent. As well as cashback shopping.

Well done sandrew, capa and pth! Just back in from a not too successful game of golf - never does to adjust the swing; reckon I had to do it to get to the next level. I see price was never under 70p but it was good to get in early. Ultimately, very difficult to get in at the right price which can get away from you - given that we have several punters on this bb who are confident of 1 eather side of Christmas, a good time to get in. Current buys and sells look balanced so that a new level around 71-73p should have been established with the possibility that price will continue to head upwards. Interesting that price was quickly up 3p in first 20 minutes on persistent buying; total of 200K shares was not that high. reckon it shows how quickly the share will react as the share responds to hard good news.

Eric

Just back from the SEY bb. The Mauretania deal is in many ways a coup but the effect is medium to long-term and there is an institutional fund-raising exercise to be undertaken, it seems at 17p. So have taken my money and, guess what, joined the rest of the world in buying some more ASC. Can't stand this long-term stuff! 125K of buys just gone through, quite likely institutional, so price is continuing to stiffen.

Eric

Amazing isn't it Eric, I sold my SEY last week to raise funds along with NLR yesterday. Still holding cash for further ASC buying when it holds above 72p.

Now holding just ASC, MPH, CCN, AZM, ACE, PPR

capa

capa

Close at 74p after 75.5p so you should be in profit already as you and sandrew got in really early - even my top up this afternoon at 73p looks good. I've got this feeling that we might not see 72p again, except perhaps in intra-day trading. Price seems to be really volatile in early and late trading: early as MMs adapt to buying and selling trends and try to keep both active; late as they perhaps try to balance their books on the day. Suspect that price might be marked up first thing tomorrow as buyers were around at 75p (or spread widened): could move ahead if buying persists or could come back a tad if buyers are waiting for a lower buying price like you.

Good luck! Eric

Well as I said a few weeks ago on this BB as the SP of ASOS moves up the shorters and those that follow them will be hurt becasue they have picked the wrong company. Another 10p rise and they will be really hurting such that we may see a number of large FD positions unwind, and then the price will spring upwards like a snapped elastic band! I do however appreciate those of you who advised me to be careful, back in the 50p price range. Interesting times...and my daughters keep buying items from this site...they love it!

Eric: You must realise that thinking of the money you are making from your ASOS holding while playing GOLF is interfering with the concentration needed to put that little ball in the hole! John

Yes Eric I am in profit already on my latest purchase. 74p close, is green light to add more and I will be doing so tomorrow now that the trading range has been busted (that was my only concern).

capa

Evening all.

Just back from the golf course also Eric and managed to win 1.50, so feeling very satisfied. The TA doesn't look that different now as it did yeserday evening, when I thought we would achieve a Chart Breakout, (he says smugly), but you all probably guessed that anyway. Personally, I think there may be a small pullback tomorrow, but generally the trend is now UP. Anyone want to join in a competition to see where we are by Nov 10, just a bit of fun? I'm sticking with yesterday's 90p.

Regards

PTH

i thought they would hit the 1 after Xmas (ie on news of a successful Xmas campaign)but this could now happen sooner but dont think it will quite make it by Nov 10. Can not help feeling bullish though. Lets go crazy and say 98p.This competition is much better than guessing how much money we are going to lose isnt it?

sorry i have never made a food post before and am sitting here eating massive steak and my favorite wine Ravenswood Zinfandel- you will not get any sense out of me later. Mind you ...you dont get a lot any time. Still am holding MPH.SPS ASOS,PET,FTO,CFP so life's exciting.

That is an exciting portfolio willfagg although I have just been venting my frustration with CFP on that bb. Wouldn't you be better with a good ruby red rather than a pink with your steak. Just had a super dins out at Cafe Moulin - 10 each including glass of wine under the Times scheme; going in weekly at the moment! Nov 10th? Just 2 weeks today. Quite a difficult call. The minimum is probably another week or two of consolidsation in the 70s. Whilst there may be bullish happenings such as bears being forced to close FD positions and just the growing number of people wanting to see a share of the action, suspect the next major news will be six month trading guidance - could just be known in the next two weeks. The mid-point may be a repeat of the last couple of weeks pointing to a price in the 80s, say 85p. That's my bid; happy with a pleasant ramp, ramp, ramp through to Xmas and beyond. Happy to concede the virtual prize if it is 95p or 98p!

Eric

Thanks for the encouragement to top up this morning guys! You'll be pleased to know ASC now represents about 20% of my portfolio. I'll have a flutter as well.....put me down for an optimistic 92p.
Did anyone see my village on the news tonight! The BBC actually came to Porthleven in Cornwall. It's almost low tide now but the sea is still going nuts. There's seaweed all over the roads by the harbour and waves were hitting the windows of the pub earlier. High tide again at 6am so off to bed. What an exciting day.....storms,camera crews, share prices flying and a new competition to boot!!

Morning all,
johngtudor, What are FD positions please???? Down here in Mumbles it was a wild day and last night, beautful this morning though .

SEADOG: Glad to read you have not been swept away down there in Mumbles...by the way it is one of my favourite places with the beautiful Gower walk just round the corner. I trust you do not spend too much time in Joe's! Re my FD comment yesterday...it was a typo and Eric picked it up later...I meant CD's, which as you know are heavily used by many punters to short shares! Anyway it is raining here in London today...and no chnace to see the eclipse of the Moon last night or sunrise this morning!
#
sandrew64: Yes I did by chance see Porthleven on the News last night...fame at last!

Have a prosperous day all. John