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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.
UP TICK IN TRADES !!!!! markets waking up !...................ASOS the BARGAIN !..
LET'S GOOOOOOOOOOOOOOOOOOOOOOOOO !!!!!!
£615,000 no small change to add to the others bought before the last trading update.
Nice buy.. saw that buy after close yesterday. :)
Confidence booster.
There's always the resistance posed by the wedge that has formed.
https://ibb.co/b7ykfj1
Make a break through the diagonal and this would be another positive sign.