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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...
Yes it is extraordinary.
Perhaps Barker's motives are questioned and thus do little to mitigate the perception of risk.
It does tell us that no take out discussions are taking place, otherwise barker, as an insider, wouldn't be able to buy. Also, tells us Barker remains convinced there's a bargain to be had here - even if the market refuses to recognise the value.
DYOR/GLA
IMO, absolutely yes it would. Although I remain somewhat baffled that the continued large purchases of other insiders has kept this one in the low trading range it is in.
It is quite frankly extraordinary.
I am remaining disciplined (for now!) and holding fire, based on the chart technicals, but I would rather be long than short at this price, given all the 'known knowns', I really would.
Certainly do not see a good risk/reward ratio for fresh shorts in the sub 4 quid level, but I am no stock market guru, and time will tell. Anyway, GLA in the meantime.
Large director buy doesn't move the price at all.
I wonder if Jose bought whether the market would react differently - even though Barker will be looking at exactly the same figures etc...
To me looks like that wedge can be traced back to 21st December. Not quite as steep as in your screenshot. Very good chance I'm wrong but from a chart perspective it looks like we might have a bit longer before something happens (for better or worse)
I wonder what our Brazilian soccer players view is on this?
SP showing incorrectly this morning 🤷♂️
Not shy about coming forward.
Question is whether this is his:
02-May-24 16:37:44 349.509 181,500 Buy* 350.00 351.40 634.36k
My money is on yes, but we should find out today.
Ah thanks for the clarification, it's not something I look at often.
No, that was the uncrossing trade. During the auction period, there may be a point (or price) at which the best BID and best ASK match and a trade takes place. So bit of a combination. The UT happens everyday. (On these shares)
Was there not a sell for circa 500k just before it though?
Yes looks like another big director buy tonight.
02-May-24 16:37:44 349.509 181,500 Buy* 350.00 351.40 634.36k O
Another large post-close buy, most probably also Camelot. Nice rise today, hopeful of more to come 😃
Camelot VS Frasers .............ding ding Round 1 ......Fight !! LOL.
Yep, all the signs are pointing to just being patient here. Slow and steady recovery by ASOS along with slow steady accumulation by the big boys. Plus we are back to growth in a few months :)
And little by little they add, slow and steady.
If Boo are within guidance next week, then that will do..for now.
Where is RobertoLarcos when you need him?
Disappeared….. of course
Interesting position to be in with frasers steadily increasing and now Camelot joining the fold with a few purchases in the last month or so. I expect there will be some more forthcoming.
Might be good timing, maybe not for them. boohoo reporting fy results on wednesday, if they are poor it could bring asos down with it as they usually move in tandem. just fyi in case people here werent aware
I wouldn't be surprised if he continues to buy over the coming days. He will have a much better insight than the hedge funds shorting.