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!!

try standing on a chair! how boring is this thread, either buy and hold or forget about ASOS.

and another one not get it...endless..

Surely this cannot go much higher? Or can it? I keep watching with my jaw on the floor!

sure can and will destroy opposition. but for now hopefully consolidate.

ASOS PLC (ASC:LSE) set a new 52-week high during today's trading session when it reached 3,409. Over this period, the share price is up 90.08%.


As of Mar 18, 2013, the consensus forecast amongst 19 polled investment analysts covering ASOS plc advises that the company will outperform the market. This has been the consensus forecast since the sentiment of investment analysts improved on Feb 13, 2013. The previous consensus forecast advised investors to hold their position in ASOS plc.

Broker snap: Prime Markets sees massive upside potential at ASOS
Sharecast – 7 hours ago.. .



LONDON (ShareCast) - Prime Markets has labelled online fashion retailer ASOS (Other OTC: ASOMY - news) as a 'turbo-charged global online success story', recommending investors to 'buy'.

A trading update for the second quarter on Wednesday showed a 37% rise in sales in the three months to February 28th, resulting a first-half retail sales growth of 34%.

The company registered a better-than-anticipated performance in the domestic market as well as strong growth overseas. Market forecasts were for a 34% increase in sales in the second quarter, said Prime Markets' Head (Other OTC: HEDYY - news) of Dealing, Richard Curr.

"The turbo-charged global online success story that is ASOS continues to deliver relentless, stellar growth numbers. Those canny punters who picked up ASOS around 2001-2002 will be sitting on a fortune - a £1k investment in 10,000 shares at 10p then would be worth £317,000 at the open price this morning," he said.

"Even so ASOS is today delivering exponential growth numbers to excite even the most seasoned emerging market trader, and in the view of Prime Markets continues to offer massive upside potential."

In terms of technical analysis, Curr said that the stock is trading above all major support lines and with the business performing in line or better than expectations, he said this can only mean one thing - "more growth".

Prime Markets expects the stock to reach its near-term target of 3,430p in the coming days.

great articles dc , but for now we really want it to go down nicely..:)

just closed at 3270 , pretty heavy quick 100 pts for bit of payback for missing other direction..

my my..just left laptop to see world outside and comeback to see another fabulous and free money that just could have been made straight away.this thing bounced back 80 pts in just 45 min....I should sit on ass..lol

when it comes to falling this baby is taking no prisoners whatsoever.few bits more and this will drag me into buying again.not bad.

Bought yesterday lows and added more now.it's not where i was looking for but looks like market don't want to go cheaper.

since this is beta 0.95 it shouldn't move more then market itself..well, it is proved today..not lol

a tease or a long overdue and significant correction imminent?

only put on money to see

after nice winning streak there is nothing more compelling than 100+ points entry cock up, especially on spread..lol

very nice today, was adding Friday 2980's since action was reminding me very similar action from the past and it looks it was worth spend weekend in fear..lol

apart from Barclays £41, Panmure joined £40's tp club today

Interim results

Highlights:

· Retail sales up 34% (UK retail sales up 26%, International retail sales up 39%)
· Retail gross margin down by 60bps and gross margin down by 90bps
· International retail sales accounted for 61% of total retail sales (2012: 59%)
· Profit before tax and exceptional items up 11% to £25.7m (2012: £23.1m)
· Profit before tax and exceptional items up 18% to £27.2m excluding £1.5m Long Term Incentive Plan charge
· Net funds of £45.2m (2012: £12.7m)
· 6.0 million active customers5 at 28 February 2013 (2012: 4.3 million)

Yep, old numbers.the news is that float is diluted by 1.3m new shares and strong trading momentum at the moment

Not sure if i seeing it right , 100+ up open ?..it's too easy..come on..can't be like this ,, can it? :)))