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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

cynic - 03 Jan 2019 14:46 - 5903 of 5941

that is how i operate my trading a/c, but easy to get badly burned if you get overexcited

tomasz - 03 Jan 2019 14:59 - 5904 of 5941

Dead cat bounce..could be..but only if there is something fundamentally wrong within the core of the business.. If you know the business you also know it isn't wrong so the new lows are on very low probability side thus 15's or so ain't gonna happen and if this is true we've seen the low of the swing here
Retailers taking knock is true yet true is also that you buy the great busines using the negative sentiment so this was the time of making the move as contrarian investing is teaching you.
Little clue about christmas trading in Next update was further stage of pushing price higher by making a run shorts stops at the top of that little range also bringing breakout traders to chase and retail money and the end to chase them, smart money was in before the move at 21-22.
Brokers only speak about themselves yet coming out with 40 target is pretty clever since at 40 is top of the gap down which is as every gap in a history of charts will going to be attempted to be closed rather sooner then later.
Taking profit is good and true yet having few % in a move that can make you double your money is not well done
:)

cynic - 03 Jan 2019 15:04 - 5905 of 5941

i was more than happy with 150p clear

just possible i'll take a longer view and put some in my sipp

tomasz - 03 Jan 2019 15:33 - 5906 of 5941

Def more sense then BOO. BOO is burning free cash and that's a red flag

cynic - 03 Jan 2019 15:43 - 5907 of 5941

BOO
my holding is still +35% so i'm not exactly complaining
indeed, over the last year, BOO has outperformed ASC by a country mile, and over 3 years by far more than that

ergo your logic is somewhat askew

tomasz - 03 Jan 2019 17:55 - 5908 of 5941

that doesn't change the fact that boohoo is burning free cash and that's a red flag, does it..

cynic - 04 Jan 2019 08:57 - 5909 of 5941

pays yer money etc ...... or hold both

tomasz - 04 Jan 2019 11:43 - 5910 of 5941

doesn't pay any money since is burning free cash.

robinhood - 04 Jan 2019 14:12 - 5911 of 5941

My wife burns "free cash" but I still love her (well most of the time..)

cynic - 04 Jan 2019 14:17 - 5912 of 5941

it's when the cash is just cc that you need to worry

robinhood - 04 Jan 2019 15:14 - 5913 of 5941

very true cynic -at least my entry at 2251 on 21/12 will pay off some of that card..
(also very nice to have a rally like today on my birthday!!)

cynic - 04 Jan 2019 15:18 - 5914 of 5941

yup, ASC is having a cracking day and now +9.5% at 2740

tomasz - 04 Jan 2019 17:59 - 5915 of 5941

'rare buying opportunity' is over, now chasing the market for others..
my input is done here, whoever got clue here and confirmed with a homework and got in there on confirmation and is in - well done, whoever was guessing and jumped in on an impulse- not bad not bad.
all the critics, naysayers, dummies and morons and who choose to be out - wtf and go f themselves..(lol) ...as usual :)
next coming soon is celebration of 100% up..i may pop in..

cynic - 07 Jan 2019 10:18 - 5916 of 5941

shame tomasz has reverted to posting in pidgin english

meanwhile, ASC is roaring ahead yet again, though sp is now fast approaching the sharply falling 25 dma line which, along with the continuing brexit uncertainty, may cause it to pause for thought

skinny - 07 Jan 2019 10:29 - 5917 of 5941

A few gaps....



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

robinhood - 08 Jan 2019 08:41 - 5918 of 5941

drop/correction expected as it all went a wee bit too fast upwards

cynic - 08 Jan 2019 08:57 - 5919 of 5941

the hugely volatile share performance yesterday and today sums up why this is such a dangerous stock to trade

robinhood - 08 Jan 2019 16:08 - 5920 of 5941

s/l placed at 2650

cynic - 08 Jan 2019 16:13 - 5921 of 5941

ah; the problems of s/b

pal44 - 10 Jan 2019 11:29 - 5922 of 5941

correction may be overdone IMHO I think this will soon turn up GLA
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