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!!

Thanks for your replies guys and well done to all the believers but I have been back to their website and they only sell Sh*te !

Can't argue with the momentum or chart but imo this is a disaster waiting to happen !

Watch this space .................. !

That's what 18 year olds tend to buy!! Latest fashion, wear it twice and throw it in a drawer then buy something else. high fashion and cheap! just what we want---keep buying.

Up 1600% this year, must be share of the year! 1 next stop, then 150 after results? IMHO DYOR...

Dil: I assume that before making your negative comments about AOS products you have ordered items from them, compared the quality with other leading brands, and concluded that they could do better in one way or another? If you have done so you have not made this clear in your note on this BB.

I can only add that my own daughters experience of the ASOS operation is directly opposite to yours, as I have posted before.

I think you were the poster who said this was a disaster waiting to happen when the SP was 32p and again in the 50's when the great bear EVIL had shorted. Eveyone warned me, and I kept buying...why because like Eric I have looked closely at the company and its operation...studied the Analyst report and determined that the company has significant opportunites to grow. Yes there is plenty of competition but ASOS, like all good managemant teams eat it up and indeed thrive on it.

May I suggest that if you feel so negative go ahead and short the share....it makes for good two way trading opportunities....and I want to top up some more.

Dil
Of course the goods aren't top end designer...that's not the price or sector of the market they are aiming for...and it's also not what the masses buy. The masses shop in the high street and as I'm sure the results will show they also spend a hell of a lot of money at asos.com. The only disaster is not being in on it!

Dil

The most intriguing thing about your post was its timing - 00:50! Were you having nightmares or are you a creature of the night? Do you go round all the BBs trying to scare the participants? If I agreed with you about the quality issue (I don't have direct knowledge) I would still be a buyer through to 120p and probably beyond based on the financials and proven management. Where I probably do agree with you is that I may well not be a holder in a year's time. Maybe johngtudor has blown your cover; maybe its chagrin at missing out; but having said that, if you want to make 50% profit in the next three months, I can only think of ASC and PET: and PET does have significant downside risk!

Eric

Really good buying opportunity at around 82p. Substantial two way traffic, today, with slight preponderance of profit-taking. The fall in price is really just the sequence of trading: initial buying, considerable profit-taking or day-trading, buying volume not quite high enough to bring price back up, yet. I think the evidence is that there are far more people wanting to buy in than take profits, but many are probably not keeping a weather-eye on intra-day movements. Danger is that they see the opportunity with the closing price (?) try to buy in the morning but find that the MMs are waiting for them and have marked the price up. Getting to know their little strategies!

Eric

Dil, envy is a bad thing , just buy some ASC and you will sleep nights and not have nightmares.

Can't remember saying it was a disaster waiting to happen before but if you can prove I did then I'll accept that.

What time I go to bed is irrelavent.

My opinions are my own and may or may not be right , as I admitted the momentum behind these is good so a higher share price seems likely but I have strong reservations about its longer term prospects.

Good luck.

Dil

You seem to be a decent chap, after all, and I like dill mustard with my fish! It seems we have agreement, i.e. not sure about the long term prospects. Also agreed that the momentum is there: buying momentum for ASOS offerings from gorgeous young ladies; buying momentum for ASOS shares from investors looking to make a decent killing. So, given beautiful young ladies and beautiful profits, hang the future!

Interesting to look at graph of today's trading which is almost the inverse of yesterday on similar volumes of both buying and selling. Yesterday, it was rise, fall, rise. Today, it is fall, rise, fall. Given that tomorrow starts low, the price should rise on opportunistic buying; fall as sellers are attracted back in; rise, perhaps to a new peak on buyers seizing the hour. Interesting to check whether that is what happens.

Eric

Eric: Thanks your earlier supporting comments. Tomorrow is important for several reasons firstly, the end of week close. Secondly, you may have noticed that the RSI has just turned down a little today (I use 14 day) and it is currently sitting nicely on the upward resistance line. So with a fair wind from a bullish close on Wall St we could be all set for more splendid profits if not tomorrow very soon afterwards!! Have you set up your CFD yet, because you may have another fortuitous timing opportunity?

Sandra: Thanks your earlier comment. You are of course right in thinking young ladies want to change their clothes frequently to reflect the latest fashion, and do not want to pay the earth to do so...precisely the market segment ASOS fits. They have also recently strengthened their management team with buyers from TKMAX...so they are still watching margins and as sales grow will be able to bring real leverage into play on the buy side!

Talking of which, have you been able to log on to ASOS yet and place your order?


John

John. The charts and the numbers seem to tell the same story. I need the price to stabilise until Wendnesday to win the 10th November challenge. But I doubt it as the momentum appears too strong and there are no historic levels to stop the sp. I've returned the forms to blue index but I assume I will have to lodge funds which means selling something first - imagine selling ASC and waiting three days before I can buy the CFDs. What does sod's law say will happen to the price in the meantime?

Sandra. That was a really good pincer movement on Dil earlier - a double wammee! Posted at exactly the same time - what's that they say about great minds? I thought he did well to come back as constructively as he did and hope he did buy in.

Eric

Wrote to Jeremy Lacey earlier today on the PET bb about the Shares article on 'Sleeping Beauties' (thanks for comment, Sandra - you may be a contender for that if you were asleep!). Lo and behold, a reply! - which is worth reading. Have mentioned to him, off-line, about our ASOS challenge so hope that will be followed up.

legend: Good BNH jump today of 10p (11%) on just 25K trades - did you buy them all yourself. Do that 10 times and you've won our challenge!

Eric

did anyone else have a sxxx day today? ASC,CYH,PXC,YOO,SPS,CFP,CYC I think i cornered the lot.I would say things can only get better but experience tells me that they dont have to at all. Still heres hoping

Met a young lady visiting my wife yesterday who is the first person I know who has purchased clothes for ASOS and she said all her friends at university puchase from ASOS as the quality is good and affordable whereas the high street is pricy and sometimes shoddy, her words, So i was delighted and gave her a cup of tea!!!!!!!

SD

SEADOG: Excellent news...but you only gave her a cup of tea!! Surely something a little stronger would have been in order?

I must say this continuing stream of good news about AOS only serves to support the good things we have said about the company.

Someone I know very well was at a fashion show in London last night and there was apparently a lot of talk about how well ASOS is doing. I am sure we will soon be reading the good news in their trading statement later this month. Yes I know that's another BUY statement, but this good news story has some way to run yet.


John

For those of you following the SP today the Pivot point on my s/w is 83p, with R1 at 86.7 and S1 at 79.1 - John

John

Need you to explain Pivot Point, R1 and S1 for the uninitiated, please. Sorry to show my ignorance and reveal the fact that I haven't done my homework as promised.

As you know, I love numnbers. Initial selling has taken the price down but at low volume. Buys, including two substantial ones of 60K and 30K have balanced buys and sells. So momentum is now with the buyers and price is likely to rise. Good time to buy. The volumes are down from the last few days: however, if even sporadic buying persists, MMs will move price up to attract sellers back in. That suggests a rising price with possibly a subsequent fall before the close. I am just spelling this out to see if actual outcome matches the prediction. It will be interesting to see how that logic compares with the chartist view.

blue index should have my account set up by Monday. However, they confirm that, as they are not brokers, you do have to transfer the money in. In other words, sell first and be out of the market for two or three days before you can deal the CFDs. Oh well, nothing ventured ...!

Eric

Eric:

Traders use s/w to calculate the likely movement of a share based on the previous days Open, High, Low and Close. Without going into too much more detail on the derivation just accept that the figures are a guide to the MM's and day traders on how much the SP is likely to move in any direction on the day. So the Pivot Point is the neutral position, followed by levels of upper resistance, namely R1 and R2, and similarly support levels of S1 and S2.

I hope this description helps.

It is always a nasty and unpleasant surprise to find out how long it takes our friendly High Street Banks to move money about. I recently had an experience where a money transfer disappeared for two weeks, admittedly it was to the US but still what do they do with it during this time...make lots of money on their own account thats what. Disgraceful practice. Perhaps you could do some deal with them over a short term loan though and make sure you are not out of the market while you move funds around...still I am sure you have thought of that and discounted it...I can understand why! Still I am sure you will be very happy with Blue Index once you are set up and making lots of lovely money.

John

John

Thanks for that. The resistance points are obviously based on recent volumes which are down today. Thus, the movements are likely to be less accentuated. It would be good to quote the figures for Monday when available so we can test the system out with ASOS. Also, what are R2 and S2 and how does the second level differ from the first.

Also disillusioned with banking system. Am just switching to First Direct based on my son's successful experience with them. One of the advantages is their preparedness to post short term revisions to overdraft levels. However, probably pushing my luck to try it on until the account has a history. Timing is really dependent on taking a view on price movements - even with ASC there are periods of price correction. Looking at the chart for the last month, 3 weeks out of 4, it would be OK, at least, to sell on Tuesday and buy back on Friday. Seems some logic in that, as early week buying, based on positive weekend comment, is followed by a period of profit-taking. OK so long as you are not hit by positive news in the meantime. Does that tie in with your reading of the tea-leaves, sorry, charts?

Eric