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!!

Eric: Just a quick update on the Charts, RSI (always an early indicator of change) turned down slightly towards the end of last week, followed by the MACD. So I see the MACD as supportive of a slight pullback at this moment. Now the support line (at least mine) runs through 70p, with resistance at 110p. So we could just be marking time at present, I myself would like to see the SP pull back a little more towards the support line, and the RSI reverse before I would increase my stake (it would then be a good risk/reward trade again). John

Today's Times

INTERNET shopping still accounts for a tiny proportion of total retail sales, but it is growing fast. Extrapolate the trend shown in yesterdays Office for National Statistics data, and there is good reason for retail landlords to be feeling uncomfortable. Boo.com, an early attempt to sell clothing online, drowned in its own publicity, but customers are warming to the modern home shopping. Asos, which kits out would-be Kylies, has seen its share price rocket from 4p to 93 p in a year. Its ambitions are high and its property needs minimal.

What I like about these various quotes that are cropping up, such as that in today's Times, is that ASOS always seems to be the positive example. Price starting to move ahead again after a correction. John: I take your point about the Resistance level but the Monday results are key. If there is a positive trading report re the start of the Xmas season and the effect of the new Buyers, then the price has to move ahead again. I think you do have to weigh the Seymour Pearce OUTPERFORM as they will know a lot that we don't. I would also expect there to be more buying ahead of the interims rather than profit taking. Now, if they were coy about the futures, but I don't think they go in for 'coyness', then there could be a bout of profit-taking and your resistance level could be tested. Mind, its a windy world out there with these CFDs; lovely to have multipliers when the share goes up but not so much when it is going down! Taking about winds, I have a vision of capa's waves of sp rises; isn't asos on the way to becoming a household name and therefore have broader application thna currently realised? And what about that lovely US market with all the lovelies wanting to look like their favourite lovely? Lovely!!

Eric

Great mention in the Times, backs up what we already know, thanks marketmaker

Got to sit on my hands at the moment, nearly bought some more this morning and would now prefer to wait until next week to see how interims are received. My experience of late is that good results usually result in a good buying opportunity as traders take their profits, plus ACE report on Thursday and I may need money for them.

capa

It is noticeable that whenever there is press coverage of ASOS, invariably good, the SP moves ahead. I think it is more than wanting to catch the trend, more like shortage of stock! I agree with CAPA on the importance of next's weeks statement, but even if it does not provide too much detail it is bound to mention current trading and outlook. That may be enough to push it up and away. All I tried to point out in my chart analysis, is that I would not buy at this level...but then again I already hold a big chunk of stock and it to make me buy more I would like to see the SP pull back from current levels. I hope to get that opportunity before Xmas!

Re media coverage, internet buying was discussed recently on a late night 5Live broadcast, and guess what ASOS products were held up as a perfect example of what young ladies want to buy, and the conclusion was never mind the High Street just log-on! The site was praised as being easy to use, and people actually called in agreeing!! What next I wonder.


John

John

John
John
Is obviously the done thing, like buying dresses at ASOS, to sign your name twice! Is this to celebrate the forthcoming doubling of the ASOS price? Sorry, John John, no better buying opportunity than now as the price will be up, up and away by Christmas. Just look at the buying trades going through and hardly a speck of red to be seen. Now, what would be better than buying an ASOS dress for Christmas, yes, yes, your right, ASOS shares! Have recently transferred 1000 to each of four children in ASOS shares at 68p; they are hugely impressed with their growth - and Dad's skill!
Eric
Eric

This could be an omen for ASC to double!! Eric my laugh for the day-thanks.

Final top up before interims - via a cfd to give a bit of gearing. Signal for price to drop, of course, with a spate of selling in the last half hour. Probably closing of positions. Good time to buy first thing tomorrow! Happier to go with that nice chap, moneyplus! lol!

Eric

with only one more trading day to their interim results I would have to say that the rush that i expected to get into ASOS before it announced even more good news just has not happened. Still could go north tomorrow. I was expecting this to be the charge that tokk it to the coveted 1.

Another note on ASOS marketing exposure:- today in London the free to commuters tabloid 'The Metro' has a supplement on Xmas shopping packed full of ASOS goodies.
If I may say so this is a well aimed and targetted hit at it's target audience. Just thought I would add this item to the BB for those of you living outside the great City!

Not just London John, the Metro has even reached us up here in the provinces !!

capa

capa: OOPPSS, don't go North of the river as much as I should! Glad to hear it nevertheless! Roll on those sales. John

RNS issued @ 17.35p.m. announcing that Man now have 3,185,000 shares representing approx. 4.49%. They obviously have confidence that next Monday will be worth waiting for.

Don't think this is MAN themselves but the total holding on behalf of their clients.

capa

ASOS Challenge Portfolio for 26th November

company_________ EPIC price,p shares_ shares price_ value_ cap.(m) gain/ gain on
_____________________ buy____ in issue______ 26-Nov 26-Nov________ loss % week %

ASOS____________ ASC_ 56_____ 67.97__ 8900__ 82.00_ 7298.0 55.74__ 46.43 -4.09
Stanelco________ SEO_ 4.5____ 78.225_ 111000 6.00__ 6660.0 4.69___ 33.33 6.76
Broker Network H BNH_ 77.5___ 15.065_ 6450__ 101.50 6546.8 15.29__ 30.97 0.00
cybit holdings__ CYH_ 1.82___ 988.952 275000 2.10__ 5775.0 20.77__ 15.38 23.53
Petroceltic Int. PCI_ 15_____ 484.975 33300_ 17.00_ 5661.0 82.45__ 13.33 6.25
Civilian Content CCN_ 16.25__ 41.883_ 30700_ 16.50_ 5065.5 6.91___ 1.54_ -5.71
Sterling Energy_ SEY_ 17.25__ 822.712 29000_ 17.50_ 5075.0 143.97_ 1.45_ -2.78
Marchpole Hold._ MPH_ 33.75__ 120.455 14800_ 30.50_ 4514.0 36.74__ -9.63 -6.87
Yoomedia________ YOO_ 22_____ 500**** 22700_ 19.50_ 4426.5 24.48__ -11.36 -15.22
Petrel Resources PET_ 124.5__ 58.625_ 4000__ 101.50 4060.0 59.50__ -18.47 -3.33
CFA Capital Gp__ CFP_ 0.7____ 619____ 714000 0.55__ 3927.0 3.40___ -21.43 10.00

total______________________________________________ 59008.8_______ 7.29_ 0.31
Smallcap index_______________ 2692.70______________ 57037.7_______ 3.70_ 0.06

I was looking for a triple whammie by Monday with ASC, PET and YOO all coming up to key events: hopefully getting two out of three! Well, YOO came back from voluntary suspension today with what is probably good news for the company but bad news for ordinary shareholders. A reverse takeover with shares total up to 450 million (up 180%) which dilutes holding horribly. Immoral, in my view, in that not a rights issue but a placing by the recently fined evolution group. Placing is at 150 and price ended the day at 19.5p. Little short-term progress looks likely. johngtudor view needed please (also earthport if you have time)!

PET is the big hope and there are rumours of a conference on Monday re the Iraqi oil contracts.

ASC has interims next week (monday) as do BNH (tuesday) and CYH (thursday). CYH is the week's big mover carrying through the rise from recent announcements and probably buying ahead of the results. The problem to overcome is the change in accounting policy which delays benefits from business won.

CCN, CFP and MPH all appear to be held back through lack of news. SEO is still benefitting from the contract announcement with ASDA. PCI and SEY still trade actively without significant movement or significant news.

Been out of action most of the week or, better, wrong sort of action (decorating at son's) so may have missed significant event(s).

Here's to ASC, PET, BNH and CYH for next week for some really positive news to initiate the festive season!

Eric

been out of action myself this week (booze cruise to France for Xmas), but once again up to date, thanks to all posters, up early tomorrow to catch the results, which I hope have not already been discounted in the price. SD

SEADOG

The results themselves may already be in the price given that we know the level of the first 5 months trading, so the key thing is the picture with regard to current trading for the Xmas season. If this is fairly general in the Interim results then more specific information should be part of the analysts briefing at 12 noon. Two bites at the cherry! Probably best to hold for follow-up comment, capturing a wider audience, before profit taking.

Eric

as the share price collapses on the news of increased trading and converting loss to profit! >>>>nothing changes? with the recent drop of their highs I thought they were cheap before today started!I obviously have not got a clue

My sentiments exactly willfagg. A sobering experience to learn from

BIG COLLAPSE!!!!!!!!!!!!!. Where can the share price go down up to ? any ideas.

seb