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ASOS: BUY AT LOW PRICE!!!! (ASC)     

wilco99 - 12 Sep 2003 15:52

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!!


Chart.aspx?Provider=EODIntra&Code=ASC&Si

sandrew64 - 01 Nov 2004 12:34 - 641 of 5941

Didn't think about downloading it directly....ordered it from Amazon,should arrive in the next few days.
Nice day....lots of blue everywhere I look(nearly).....so far.

SEADOG - 01 Nov 2004 16:11 - 642 of 5941

Afternoon all

Nice little one line advert on NTL World home page TODAY

ON NTL WORLD- MON 1ST NOV

Grab an amazing holiday at Butlins ????????? question marks mine

DRESS LIKE A STAR WITH AS SEEN ON SCREEN. ENDS

It all helps. seadog

johngtudor - 01 Nov 2004 17:46 - 643 of 5941

SEADOG: Tks for the information....it actually takes up a lot of time getting these advertisements up and running. ASOS seem to be doing a good job of spreading the message.

sandrew64: Further to our recent exchange of email re your problem accessing ASOS which I think is down to a corrupted file...assuming you are using MicrosoftXP, try (Tools > Internet > Options > General > Delete Files) If this works for you...great stuff but don't shout out my name in anger as IMO GhostSurf is still a great buy!

Anyway I have only just spotted this way of clearing out the files. At the same time I think you (and others) might be interested in looking at www.onspeed.com
The web site suggests a speed improvement of 5 times on dial-up and 3 times on broadband. I can tell you it works, and in fact makes moneyam retrieval superfast. It costs 25 a year and you get a free trial.


John

EWRobson - 01 Nov 2004 18:01 - 644 of 5941

John: thanks for that; I'll give it a trial. Been waiting for weeks for broadband to be implemented; problem with being out in the sticks.

Good day on the markets. Vast majority of buys even at the higher prices. A few fairly substantial sells later in the day. Trading pattern looks fair with price moving about with the preponderance of buys and sells - looks as if the MMs are just trying to keep things moving. Indication is that buyers are around in some force so sp could be testing 80p in next day or two. Looking back at pth's graphs (post 575), the conditions he describes still apply: Bollinger Bands pulled apart as sp rises; RSI still rising. In uncharted waters; all blue Sandra. Mind, the sunset was almost blood-red but I see that as a positive sign!

Eric

moneyplus - 01 Nov 2004 18:08 - 645 of 5941

Can anyone tell me what the black trades are on Comdirect? I know red is sell and blue is buy--would black be MMs or buys and sells cancelling each other out?
excuse my ignorance only just started using Com D.

EWRobson - 01 Nov 2004 18:38 - 646 of 5941

moneyplus

I suspect that these are the same as the black marked trades on moneyAM live trading stream. These are trades at the mid-point of the quoted spread. I notice that you can ofter discern whether they are buys or sells by looking at the neighbouring transactions: i.e. if one or other is generally close to the mid-point then it is likely that the black trade is of that type. I notice that large trades are sometimes shown as black and included in the unknown total even when not at the mid-point: I suspect these are trades which have not been reported with, say, a delay of an hour and it is not possible to recover the spread at the time fo the trade.

Eric

moneyplus - 01 Nov 2004 23:50 - 647 of 5941

Thanks Eric-they must try to confuse us somehow!! Good explanation though as when I look at the trend lines they are often all blue.

willfagg - 02 Nov 2004 09:15 - 648 of 5941

is 80p the next psychological barrier for ASOS?getting ever close to 1!

EWRobson - 02 Nov 2004 09:25 - 649 of 5941

willfagg

I think we will know the answer to that today as 80p is already being tested. There have already been a number of buys at, or over, that level. Could well be profit taking to come with people having an 80p target. Could trade at this level for a few days. If it goes on ahead, I can't really see a resistance level below 1. With the interims coming up on 29th Nov. there should be buying on either side. They should give view on levels of Xmas trading against last year and this figure could be quite dramatic, continuing the trend from the summer season. Having difficulty in finding out how I can invest in ASC through CFDs - anyone?

Eric

johngtudor - 02 Nov 2004 09:39 - 650 of 5941

Eric: Good morning. Did you call BlueIndex and Cantor? What did they say?

John

capa - 02 Nov 2004 09:46 - 651 of 5941

willfagg

people paying 81p now, I think there is too much upward momentum to see this falter at 80p. Yesterdays gain on announcement of results was very bullish imo.

capa

willfagg - 02 Nov 2004 10:23 - 652 of 5941

I agree EW. I do think 80p is psychological, as you say i do not think there is any resistence to moving uo to a 1. If we can break over the 80p now i can now taste 1 before the turkey gets on the table!
Thanks for comment capa I was stating mid price,agree some already bought above 80P. hell of a share this one !!!

EWRobson - 02 Nov 2004 10:28 - 653 of 5941

Hi, John. Thanks for repeating the question about BlueIndex and Cantor. Looking back, I missed your previous post because it appeared whilst I was doing one myself. Cantor are clearly too large but Blue Index do sound the ticket. I have had a chat with a Bob Condley(?) who has written until recently in Shares and very helpful indeed. Would trade small-cap such as ASC, YOO and AZM althoguh the first two probably on a 30% exposure and AZM on 20%. No minimum deposit. So they are sending through the details and I'll probably give it a whirl. Will report events on this column - fair or fowl!

Eric

capa - 02 Nov 2004 11:13 - 654 of 5941

there was certainly some selling at 80p on the bid but price went straight through it !! maybe more selling to come.

capa

johngtudor - 02 Nov 2004 11:40 - 655 of 5941

Eric: You should be fine with Blue Index! John

cashcaptain - 02 Nov 2004 13:00 - 656 of 5941

got in at 60p on asc and now in the fantastic position of whether to sell or not?? up 34% about 2,300, what i can't understand is people still buying at 83p when they could of bought in at say 43p in AUGUST! is it really worth buying in still at this heady price? i wonder?????????????



happt profits: the cashcaptain1

johngtudor - 02 Nov 2004 13:19 - 657 of 5941

cashcaptain: Should you buy more stock in ASOS now...depends on your trading position and approach. IMO the SP has some way to go yet....what you can count on though is that it will not do so in a straight line!

capa - 02 Nov 2004 13:20 - 658 of 5941

cashcaptain - well done. People like to buy a share when it is rising and sell when it is falling, as long as your research is correct and you are willing to back your judgement more money is made doing the reverse.

I have a sneaking suspicion that in a few months time the question will be equally as valid when the shares are in excess of a quid and the current price is looked on as being cheap.

capa

capa - 02 Nov 2004 13:25 - 659 of 5941

I have been really impressed by some of those buys today. 80 odd grands worth at 84p phew !

capa

EWRobson - 02 Nov 2004 13:52 - 660 of 5941

cashcaptain

Good question. Both johngtudor and I have build up to 50% of our holdings - as reported earlier. I am still a buyer and aiming to get a multiplier effect through CFDs. The main criterion I adopt is a judgement re capitalisation. Present cap (at 80p) is still only 54m. Turnover may be only 16m this year but fixed overheads will not be that much higher than last year. peg could still be less than 0.5 level or less than 1 if price doubles again and cap goes to 100K+. Suggest you hold through the interim statement on 29th November: see what the forecast is and how justified against the price then. Suggestions above say that the price will be 1 before Xmas. Not only hold, but accumulate.

Eric
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