The first ASOS Challenge was successful in the sense that it taught us a few lessons on investment timing. Only three of 11 shares ended in profit and that included ASOS itself: congratulations to legend for BNH and bosley for SEO. Back to the drawing board for the rest of us (over the year the portfolio would have thrashed any opposition!).

Participants welcome for the second challenge. Primary objective is to find shares that will double in value by 1st July, beating ASC in the process; secondary to be most successful stock-picker in terms of the value of your 20K portfolio. Rules are:

1.Each participant has 20K which can go into 1,2,3 or 4 shares in units of 5K.
2.ASC has 20K and is team yardstick, not in individual portfolios.
3.Duplication between entrants OK with no upper limit for total for one share.
4.Start weekend of 21st Jan. Buy price half way between closing offer and mid.
5.Latest time of entry to be 8 pm on Sunday, 23rd Jan.
6.Challenge to close Friday, 1st July.
7.Entrants can switch up to a total of 10K; av. of Friday close bid and mid.
8.Progress reports to rank shares by performance but also participants (initial only to protect from the ridicule of outsiders!).

Participants welcome. Just post selection here or on ASC thread.

Eric

kus - 21 plus team entry from ASC. Not that long; the sort of thing I've alwys done for fun since playing HOWZAT as a boy and keeping all the averages!

supermum - sorry, but we had to be firm on the deadlines. Already have a lady in the lead, you'll be pleased to hear. Probably start again 1st July. Expect you are into Bright Thing, are you? - needing info!

Eric

lol- i wish! see you guys in july!
SM

Eric,

Please will you elaborate on "Switching....." see Rule 7 (above)? Thanks. Also never discovered what the origins of "ASOS" were - any chance of a brief resume?

Jules: your 10K in BGT far outweighs two small losses! Well spotted. Have opened a thread on BTG to try to dig out more info so hope you will comment there. Hemscott aren't showing any forecasts, but someone, somewhere should know what one of these 'Bubbles' is going to cost. Could still be good time to get in despite last week's rise.

Kus: ASOS used to trade as As Seen on Screen, epic ASC: 'as seen on' refers to the actress, typically, who originally wore the clothes item being sold; hugely successful with young ladies. Good thread to sift through to build up a picture. A 10-bagger last year but currently suffering from profit-taking. However a lot of life left in the share.

Eric

Thanks for all the hard work Eric!

Sharon

It actually is a pleasure - not really hard work at all, although it may be hard fun! What do you think of NLR, BGT and AGL?

Eric

Thanks for the update Eric, interesting comment regarding OWZTHAT, I still play it !

NRG results out tomorrow, can hardly wait.

capa

Capa, is that the cricket game with the funny dice. If it is. We have my husband's original one and my kids still play it at18/16/11( their ages)...Always take it on our flights home to OZ

Thanks Eric had a look at NLR a little while ago but obviously didn't take them seriouly enough, but did buy some TMN on Friday have you had a look at those?

capa, jules: yes, that's the game. Proves we're all just grown up kids really. Good luck on NRG.

Sharon: TMN look interesting although perhaps there will be a better time to buy from the charts (hope jgt is watching!). Getting into overload with all thee attractive situations. Definitely seduced by BGT and NLR and there looks as though there could be a lot of action left. The problem I find is that you note the recommendations but its only when they shoot ahead that you take the opportunity on board.

Eric

Interesting day for the portfolio! BGT up 9.23% to 36%; NLR up 8.24% to 30%; MLS up 13.64% to 31%. Like the Vendee Globe, stretching clear of the field. Not sure where Ellen McArthur is; running her own race I suspect! Took stakes in the first two this morning and into nice positive ground already. Almost embarrassed with MLS as I put them forward as a recovery stock, thinking there was time before they would recover. Steevieweebie prompted me into action and I took a stake at the strating price. So thanks Stevie! Have others taken action? Charts for BTG and NLR are very positive and there appears likely to be a lot more headway. Now, where are you Ellen?

Eric

Easiest 3 bagger ever , back Wales to stuff England Saturday ... don't say I didn't tell you

:-)

Dil:
Wales to stuff England Youmust be joking!!!!!

Eric ,
Did you get the post???

SEADOG: thanks; looks very interesting - will respond when I've had a chance for a decent perusal. Agree jgt could be interested.

Dil - now, I know what dil stands for: DILusion! ROFL! Wales team ROFT (T=thrashed!)

Eric

Thanks Eric I can go to bed on a good laugh now! Dil has taken lots of stick about his homeground but that has got to be the funniest. cheers MP

Look and learn guys , easy money going begging , fill yer boots :-)

Take a close look at GMC--I think it's about to reward it's holders with good results in a couple of months. Heavy director buying I have ditched my Cyh to pick up this one-got fed up and took my losses on the chin. GMC already moving up and Evil K is a big fan.

Not convinced Evil K being a fan is that great an endorsement. I remember him shorting NLR not so long back. Hope he didn't lose too many millions :-)

capa

Evil K is a top daug in Kryso Resources (KYS) - on The Board of Directors. Sp - up 14% today and still hardly any media coverage - not even on BBC1 Teletext pages, in fact! KYS are in my ASOS Challenge Portfolio (50%). Basically Co. is exploring already-explored land with genuine potential. Not a hype-up job c.t. others in its Sector. Worth taking a look, at least.....