Asos Share Discussion Threads

[kidknocked] 16/12/2014 17:08

I wouldn't worry about it too much. Does occasionally do this, but soon recovers. I bought quite a few more at 2600p

[traidemark] 16/12/2014 14:52

Failed at resistance. Support at 25 quid and 24 quid.

[hosede] 15/12/2014 15:38

It's looking like a classic ABC correction. If A = C, it should finish around £32-33

[sea and sky] 15/12/2014 14:54

must be a fair amount of short covering to get though. interesting times. it could well make 3200 at some point.

[harebridge] 15/12/2014 12:29

Glad I bought in on technicals alone!

[traidemark] 15/12/2014 11:27

99% of retailers both high street and online sell "other peoples stuff"

[liquidkid] 15/12/2014 10:00

Flash sales retailer MySale 98.00 -75.25 (-43.43%) has warned that its full year pre-tax profits will be “materially221; below market expectations after it experienced challenging trading conditions in its original markets.

FY revenues were expected to show double-digit growth
MySale said the UK in particular was trading ahead of expectations and that the company was becoming increasingly confident in the UK market opportunity. The group has now established a new buying office in London and a fully operational UK distribution centre in Corby.

MySale said its new membership acquisition remained “very strong” with 3.1 million new members acquired in the five month period bringing the total to more than 15.5 million. The group added that mobile continues to play a pivotal role in its development with almost four million apps downloaded.

Who's affected?
SPD they have a stake in it.
ASOS because they are selling other peoples stuff too.

[traidemark] 15/12/2014 09:06

Breaking out of the reverse head and shoulders now. The chart can also be read as a cup and handle ? Equally bullish to any chartist. Charts aside demand is still present this morning.

[troutisbackin] 12/12/2014 17:53

A good addition



With my profits from ASC could get her something like this





Heeeello! Not avail on ASOS site

[traidemark] 12/12/2014 13:10

technickel analiasyst

English is not your strong point is it ?

[liquidkid] 12/12/2014 12:32

By the way half a percent of £2 billion is 100 million. that's how much the small timers can get up to without being noticed.

[liquidkid] 12/12/2014 12:26

Did it take you a whole hour to cut and paste that technickel analiasyst?
Funnily enough I was just outside - raking the leaves...saw some interesting patterns.
If anything it's going to have to test 1800 again to get the big W.

[traidemark] 12/12/2014 11:47

hxxp://www.investopedia.com/terms/i/inverseheadandshoulders.asp


DEFINITION of 'Inverse Head And Shoulders'

A chart pattern used in technical analysis to predict the reversal of a current downtrend. This pattern is identified when the price action of a security meets the following characteristics:

1. The price falls to a trough and then rises.
2. The price falls below the former trough and then rises again.
3. Finally, the price falls again, but not as far as the second trough.

Once the final trough is made, the price heads upward toward the resistance found near the top of the previous troughs. Investors typically enter into a long position when the price rises above the resistance of the neckline. The first and third trough are considered shoulders, and the second peak forms the head.



Inverse Head And Shoulders



This pattern is also known as a "reverse head and shoulders" or a "head and shoulders bottom".

INVESTOPEDIA EXPLAINS 'Inverse Head And Shoulders'


As you can see from the chart above, a move above the resistance, also known as the neckline, is used as a signal of a sharp move higher. Many traders will watch for a large spike in volume to confirm the validity of the breakout. This pattern is the opposite of the popular head and shoulders pattern, but is used to predict shifts in a downtrend rather than an uptrend.

[traidemark] 12/12/2014 10:25

You need to get outside in the fresh air a bit more.

[liquidkid] 12/12/2014 08:54

Yesuree I can
Last time short interest peaked on Sep 30 at 5.5% at 2200
shortly after on Oct 15 ASOS hit a year low of 1800
by Nov 1 disclosed shorts (over .5%) were short 3%
while the share passed 2500 and hit 2800
Evil shorts then started building from Nov 18 and the share started dripping

down to 2300
A day before results tried to cover causing shares to rocket
results on tues were dire and it was down 8% at one stage but the high rollers were/are still covering

Did the "biggest day ever" scare them off? Hell they did.

We did a 20% promo on Black Friday. That's what customers enjoyed. It was pretty much like. what the market was doing

But there's no depth to the numbers:
Overall sales on a currency basis were up 12% so of course it is the biggest ever. it would have been biggest if it was 1% above last year. It could have been really big if the previous two months were small.

[traidemark] 12/12/2014 01:14

look at the business model, it really does tell the story

£50-£60 is pinned on

[telbap] 11/12/2014 17:05

Tm, have to agree, if we can break and hold the magic 30£ then I will be all in, it will be a pretty fast ride to £40 from there, 33% will do me nicely ?

[traidemark] 11/12/2014 16:20

you can not say sol is increasing and then say the rise is due to a short squeeze lol

plenty of demand at these prices as proven by the share price of late

[traidemark] 11/12/2014 00:07

tel, yes correct, but so many have shorted here and failed,

ive waited for years to get back in here, £70 was not an option, £25 is.

with oil in decline and tech stocks out of favour, this seems a good option to me.

[kidknocked] 10/12/2014 22:58

A rather splendid day !
Some realisation that this actually is a pretty well run co. with good potential moving forward.

[telbap] 10/12/2014 18:06

Trademark - 95 - 5% so obvious, but soany people quake when they hear 5.5% short, quick let's Run away!!30-35 short term I think could be on the cards, all we need is a little good news and a ftse rallying, we will be there.

[traidemark] 10/12/2014 16:28

Liquid, just because a stock has shorting interest does not mean it automatically should fall,

short interest is 5.5% is it, so long interest is 95% ? less traders, doesn't mean anything to me.

the stock has corrected from £70 a share for good reason, but is overdone in my view and a return to £40 - £50 would make sense

sentiment is dangerous either way ! and we all saw what sentiment did here.