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!!

Many thanks EW for a great summary. Have we not forgotten SPS along the way somewhere who are also flying.I am getting guilty of going with the flow on this thread and a couple i have bought on the strength of "the teams" comments which I would have normally have researched and monitored more. I think the peoaple that post here are a good mix of extremely knowledgeable, experienced ,analytical investors mixed with the intuitive, entusiastic ,"go for it" investors. Both add value and I hope we all prosper.

Thanks for the thanks! Being a sucker for punishment, have started another challenge on justmoney's 150 to Invest site. What would you do with that to invest against the criteria given? Particularly good if johngtudor would play with a chartist portfolio!

Eric

ASOS a buy at 80.20p ! I never thought we would see a sub 80p buy price again but it looks possible. Its support level of 79 is being tested. Could be a great buying opportunity, but i bet it will not last long

willfagg

Have checked back and you started off with SPS then switched to SEY. Pity because you would have been up 35% or so. You weren't the only one to switch: Kivver switched from KMR, up 15%, to CYH. Seems to be a lesson there about sticking to the first insight! Still, no doubt you have both so it is academic really.

john

Interested in your point about coming back to the EMA50 graph which is currently at 66. As you say, a correction can be healthy (also gives a chance to move funds around for cfd investment!). My question is: why EMA50. EMA10 is at 78, so presumably there is a spectrum of EMAs between 10 and 50. There seem to be two other points to take into account: (i) the share is going through another period of re-rating rather like evolution when you are approaching a species change; (ii) the share is almost bound to bound ahead on the interim results on 29th Nov. So it seems likely that the correction will be over by the end of the week and it would seem unlikely that the price has come back below 75p. I suspect that corresponds to a EMA20, or something like it. So, why shouldn't it bounce off EMA20. Just being awkward, I think, or clever pants!

Eric

Eric: Re your point about the choice of different ma's. It is really up to you, but over time you will see that the 50 day is very popular and one that many SP's seem to use as a reference. In suggesting a pull back is due I was looking at the lower support line of the share and it's parallel resistance line on the chart. This suggests a top resistance line of about 90p and a resistance line down around 66p. If you then plug in the 50 day ma which ASC has bounced off a couple of times in it's wonderful march northwards, it seems to be a good reference. Now these things are always an estimate so I thought around 70p looks good and would, taken into account time, all suggest a point at which the SP will bounce from. I myself always use exponential ma.s rather than simple, and a finer ma of 20 as well as 200. Hope this helps, and of course as I suggested lsat week would give youa good chance to move your funds around!!

Please elucidate about the Invest site, with only 150 pounds to play with you are better off going with a spread bet! But then again I do not know what the terms and conditions of the game are. Forex looks good to me, you can place bets both ways in a contingent way, so that whatever way the market goes you make money, and close out the opposite bet!

John

Excellent interims from MPH. Price has risen a couple of p but you only need to look at the Marchpole site to see the excitement of the holders. Earnings of 1.4p per share in first half and a dividend to boot. Looks as though it will ramp up, so a BUY at current level. Good news also from SEY which has cleared its funding requirement for 41% of the equity which underpins the current price and allows the share to progress. Still waiting for the big one, PET: it had been rumoured that there would be an RNS today. We should all have a stake!

John

Sorry, that was "150K to invest"! 150 is to spend! Thanks for post. I'm an exponential man myself but haven't seen it on a graph - have you access to one for ASC? Freed up a few bob yesterday at 79.18p, primarily to pay the balance of fee for a condo at Whistler, Canada for Xmas and New Year - good way to use investing profits taking three daughters plus 1 hub. skiing. Will also dip the toes in the CFD waters with blue index: what happens to the toes if they turn out to be blue sharks?

Eric

Eric: You should go to the Chart section on MoneyAm...then overlays...click on MA window down arrow...you can choose from simple, exponential or weighted. Let me now if you still have difficultiesd.

Your Xmas festivities sound fine but watch the altitude! Can be intoxicating, and that is before you start the spirit consumption! As for Blue Index, if you only lose your toes you should still be able to walk....good luck. But if you are lucky then you could probably stay at Whistler for a month or more!!

Will check out your competition and get back to you. Have you looked at DES today...this could fly, the BB reading is very interesting...!

John

Good morning everyone...been away for a few days celebrating (or commiserating )hitting the big 40, so lots of pearls of wisdom to catch up on.Ghostsurf finally arrived this morning so I'll let you know how I get on with logging on to ASOS. By the way, didn't one of us say a while back that Amazon were recommending asos,or did I dream that, because nothing has arrived with my last two parcels...except for the delivery note.
Eric... Thanks again for sorting out our results chart. Nice to see I'm not last this week ....or not quite. Had been wishing for an RNS for my birthday,but I see PET are intent on making me wait a little longer...never mind there is always Christmas!

Many Happy Returns sandrew64!!! A few years my senior, but as I am sure mrs sandrew64 can vouch for... many a good tune played on an old fiddle!!!

Did you make any wishes?!!! LOL

Sandra

Here's celebrating life that begins at ...! Congratulations. 40% probability that PET has won this competition by the weekend: Ramadan starts on Friday so they will get the announcement made by then if at all possible. Got carried away myself and (blush! blush!) invested the funds in PET that I had released from ASC for my Whistler Xmas holiday, and to buy CFD's in ASC. Absolute lack of self-control. Seduced by thoughts of loads-o-money and how few shares I had compared with you and the others. Have had to sell some more ASC, but got 81.25p, sensing a rise but perhaps should have waited longer. I expect they are going towards the 85p I predicted for 10th November! Enjoy your new life with all that PET lolly to spend!

Eric

Eric

Thanks everyone for your good wishes. Sorry legend, there isn't a mrs. I'm a miss.
Eric ... I share and have probably surpassed your lack of self control as I have topped up (no 4) for what must be the absolutely last ever time before the result of these contracts is known. Just think of the holiday you can have if these do come off. If not join me and we can sob in our value cornflakes together.
By the way lovely to see a bit of a rebound in the sp today...however downloaded ghostsurf and still can't access asos.com.

sorry sandrew64!! Hopefully no offence taken

None whatsoever legend!

sandra - my wifes 40 next month she doesn't know whether to celebrate or lock herself away in a broom cupboard for the day, I've cleared it out just in case!
Oh well you seem cheerful enough, congratulations.

capa

sandrew64: May I add my congratulations at reaching this dodgy milestone to those of all your friends on this BB! Where did you go for the blow out and have you lined up the next one?

Re: GhostSurf, have you used it to erase all your Internet Cache and Files? Try the TracksCleaner icon and let it guide you through the actions. Please let me know how u get on.

Re ASOS, I must say it has just perked up mid-day, no doubt because the MM's read that Eric was forced into a SALE for all sorts of other gambles!

John

Can you explain what ghostsurf is, is it cleaning software for hard drive, deleting those dodgy sites we never go on?

AdieH: GhostSurf is a suite of s/w aimed at removing 'Spyware' and allowing you to surf the net without revealing your IP Address. It also has a number of other useful features, eg cleaning up internet rubbish as well as a Secure Vault for all those files you do not anybody else to view!!! Having said that there are a number of other s/w suites available, I just happen to use this one, and I like it.

capa
I'm not big on cupboards. Instead had a lovely weekend visiting friends near Bath......too much eating ,drinking and shopping....oops sorry can never have too much of those!!!
John
Did the tracks cleaner thing and it worked...however still can't log on to asos.com.

sandra: Do you have any other browser to use besides Windows Exporer on your PC? John

Thanks john, I have MmFee suite suppose it does the same....