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!!

Re: the PET posts above.

I bought at 50p and increased my stop loss accordingly as the price rose slowly. When the price dropped suddenly, I decided upon reflection and a lot of looking around, to abandon the stop loss on these shares and hold. Lucky I did...

An oily gassy one for the future... Gold Oil (GOO). Have a look at yesterdays RNS, interesting stuff, could be the next big one...

Re: Article in the Independent 18.10.04

THE ONLINE fashion retailer Asos - led by chief executive Nick Robertson, pictured above (Nice big pic of Nick Roberetson and two models covering 1/3 of the page) - held a party at London's cc Club at the end of last week to launch its autumn/winter collection.
A spy, who caught a quick word with an Asos director, tells us that business is booming at the group. The company had a great September in terms of sales and October has so far been even better. In its last financial year, Asos recorded pre-tax profits of 620,000 pounds and for the current year brokers estimate this figure may soar to 1.3m. If what our spy hears is correct, this forecast could prove to be too conservative.

Very positive article, nothing that we don't already really know though. Always good to see Asos getting some more coverage!

Happy hunting.....

Booming Sept and October eh!I think there is a thing called Xmas about to happenwhere ladies buy extra glad rags to boogie in + jewellery which is an extension of their range.The recent rate of improvement might not be maintained..............it could very possibly increase!! Providing they keep their product offerings "cool" Nov,Dec and January could be amazing(IMO)
I fancy the 1 will be reached during this period with a pause for breath in Feb.Still can not see why this could not reach 3 share price i suggeswted in an earlier post.... given time(18 months?)

Eric,

Did you get my internal message? Not too sure how MoneyAM alerts to the fact that you have an internal message?

Regards

PTH

PTH

Yes, message received. I tried to reply to address given but returned as invalid. Have tried sending by bb administrator but you don't seem to have it. Perhaps best if you restate the e-mail address. All the best.

Eric

Well, this is what happens when a snippet of news slips out. Up 6p on the day and Bollinger Band breached horribly! Price marked up at start of trading which probably reflected the annoucement of an instutional purchase of 1m shares at 65p. The mm's are obviously not geared up to handle that sort of volume which means that the price should respond quite sharply to a surge of buying. Price steadily rose during the day even though sells were tracking somewhat ahead of buys. Might come back a bit tomorrow - that would be a buying opportunity. Repeat, bb participants should be overweight in ASC, i.e. not less than 20%. Well done dawsinho re Independent post. Another reason for buying is that ASC is newsworthy and the Xmas season hasn't started yet. Willfagg might get carried away but this is most likely because of over-celebration! Add! ADD! ACCUMULATE!

Eric (by the way, YOO back in first place as a constant riser [5% stake min.] and ASC established in 3rd)

Price now back above 70p (my buy in price) Many thanks to those who,some time back now, persuaded me with your positive comment to hold, I follow the thread daily and the content is brilliant, Many thanks to all, Seadog

first time I have posted on this thread. Have traded and held ASC from around 30p. It is a stonking stock and has made a nice break above it's resistance today.(hope it holds with this grim market)
I do know that the CEO less than 2 weeks agao when asked about current business and trading, his reply was that 'it is going gangbusters'.
Bodes well. Good luck to all that hold

SEADOG: I am really pleased for you and it must come as a relief after such a long wait! In 'small stocks' it often takes a while before the SP moves up...and in any case no stock goes up in a straight line (or down in the case of Shorters!). If the week closes at or around these levels it could well mean that some of the big shorters and followers start unwinding positions...and then watch events!

Jules: Re your comments on trading - I can only add that if the purchase activities of the many followers of the ASOS site follow a certain person who is close to me, and seems to enjoy real retail therapy on the ASOS site...he and his many shareholders (including me) are in for a New Year treat!

MM's have decent trading balance today. Sellers around for profit-taking when they can get 68p. Buyers have taken over at 69p - 70p. There must be more people outside who want to be in than insiders who want to be out - so price should move back above 70p before long and stay there. Still a buying opportunity.

John: does she think she is increasing your capital by utilising your profits? Here's to her and all those with similar penchants.

Eric

Eric: In reference to your question...she might but we have not discussed it...YET! Bottom line is that in my opinion the products, delivery and administration of the site appear to be excellent. Key issue for me is that every time I look at this company I see an opportunity to make some more money and start looking at rejigging portfolio to do so!

Hugely enthusiastic about ASC and what is happening to her. Then switched to YOO site and made higely enthusiastic posting there - please read and have a share of that action too!

Eric

Fascinating post (677) on PET bb from former mm on their tactics in rising (or falling) market.

Eric

ASOS is listed on a leading cashback website (5% cashback on all orders) and there is a special 12% discount for members.

For those who dont take Shares mag.
"ASOS (AIM:ASC), the online fashion retailer and a long standing favorite of Shares, is expected toto revealexceptionaly strong trading over Sept and Oct. The companywhich launched its Autumn fashion range at Londons CC Club last week, announced strong sales growth of 86% over the five months to Sept. If the group continues with it current momentum some analysts believe it could make sales of 2 million this year. (EPS of 2.6p)
Long may it continue. Seadog.

SEADOG: Thanks your update I have been so busy elsewhere today I forgot to scan the Shares Mag....will study chart for next big buying opportunity!!

johntudor:- Give me a shout when that is on the horizon. SD

SHARES mag. has 6 of ASOS Challenge Portfolio - 5 are buys (with PET the exception)!

ASC - as above. Comment is by John Marshall who I reckon is the best guide around. He was recommending Glenmorangie a little while ago. If you see the comment "The writer holds shares in..." its bound to be John Marshall. I suspect he always gets in before I do (I suppose he's bound to if I'm following him!).

MPH Chart analysis. "Because the rise has been so extreme, it would take a serious slide to put a dent in the uptrend support".

PET Results. "We have spent the last 7 years in pursuit of our goal of becoming an independent oil producer in Iraq." Answer could be known on Monday (see bb). Shown as hold but I suspect that this is fence-sitting between exploding through the roof and crashing through the floor. One thing for certain - it won't be on the level!

PCI Play of the Week (second for portfolio after YOO). "The current acreage is promising and provides a decent spread of risk". "If Sidi (current drilling in Tunisia) is a gusher the field could be worth 65p a share to PCI".

SEY Results. "The oil and ags comany has reaped dividends after its purchase of Osprey". "The new purchase is making a big difference". "Focussing on extracting maximum value from our existing assets".

YOO Results. "A great way to tap the soaring interactive TV revolution".

Quite some portfolio! Quite some team! But not one for a quiet life!

Eric

EWRobson: superscape is in their too pg 10&40

Just a normal day so no comments. Price up 2p with buys to sells 3:1; buyers to sellers 7:1. Volume just chugging along. Nice gentle ramp up without news. Another 16 days like this and we will have reached 1 and then the good news is welcome! What a lovely share - I love it!

Eric