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Looks like quite a short buy back going on today, prior to the update tomorrow. May be coincidence or, perhaps it will be unexpectedly strong and we'll benefit here from some read across.
A good turn around fellow investors.
The news of the new buys will circulate and hopefully quell the negative outlook somewhat.
If we can breach the resistance then maybe we will see 400 soon.
Keep the faith.
https://ibb.co/FYDVjyR
Yep..next one 380 ...bring it on ., maybe Frasers with the next director buy !!!! its not an if but when , when the battle starts , i think Camelot has sent a message to Frasers with their 2
huge buys.....and I suspect more to come......
Touching that resistance now. Hopefully we can close above it today
Camelot gonna square up to Frasers for the showdown !! lol.....
*Very nice indeed :) a few more off the table lol.*
Free float is only about 25%, I think - and given that so many are underwater, I suspect it's mostly in sticky hands.
Almost 65% of the company in the hands of 3 holders.
Don't think the rise was due to the impending RNS. There's been no market reaction since its print. As has already been said, it's simply amazing that almost £3.5m of director buys - within such a short space of time, hasn't moved the SP dial at all. I assume it's because he's already a large holder.
Very nice indeed :) a few more off the table lol.
LETS GOOOOOOOOOOO ASOS'ERS !!!!!!!!!!!!! SHORTERS BURN BABY BURN !!!
I called that one right then lol GLA.
Indeed, so that's £1.2m, across 2 purchases so far.
So, what? £3.5m within the last month?
Perhaps he wants 20%, bringing him inline with Frasers.
Again.
181,500
US futures are red hot now, so might have a decent afternoon.
US payroll on downside and unemployment up causing markets to pop up..
Looks like it was simply responding to US data, like most of the market.
I suspect that late trade of 180,500 was Barker's - so, we'll get notification of that at some point (maybe).
Or could it be another director buy RNS about to drop ???
Maybe some positive media over the bank holiday on the way...
Wee bounce there laddie ...
Entire volume increased around 50%, in just a couple of mins.
We really need some passive funds to pick us up. Either via a change in broker outlook and/or a rise that leads us back into the FTSE250.
Once we are in vogue I.e. media on side, shorts reduce then that will soon change.
Volume is pitiful - just 45,000 shares traded so far.
If we can break 3.58 today then its on for 3.80 next resistance !!! GLA.
If it was not for the fact that this has been kept at these low levels for so long now, I would wonder if it was due to a fear that they may take it private and stiff small holders, like a few outfits have done recently?
At least three names come to mind, and only one in a similar space to ASOS.
The one you will all be aware of never even had short interest as high as this, nor for that matter, anything like the level of inside buying, involving more than just one party, as we have seen here. Not to mention, a clearly failed business model, which IMO, ASOS simply does not have.
As I keep saying, it is a real mind-f*** (put the censorship in myself, to save the algo here, lol).
@orgazoid you are indeed correct, and that would be the next resistance level after the more recent wedge I mentioned has been breached.
https://ibb.co/9WKvsyg
It's extraordinary but is it surprising with so many 'big boys' involved clamouring for their positions? Before the turnaround fully takes hold. Not suggesting these markets are bent of course lol.
Meanwhile Barker has bought 709,500 shares in the past couple months roughly 2 and half million pounds worth give or take. No small top up. That's good enough for me. He knows the ins and outs of the business. He isn't buying for tomorrow but what is to come.. it also takes another nice chunk off the market.. free float can't be big here.
Lots of trades showing outside of the spread on IG. I know that spreads aren't always identical on all platforms - I've seen this myself with HSBC and IG offering different spreads at the same time, but they tend to at least be within a fraction of each other. These are quite a few points out of the range.
Perhaps someone with more knowledge than me, might shed some light on this.
Investment guru I am not...