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I bailed on ASOS a few weeks ago. Moribund!!!
I’m backing arqit instead. Be under no illusions I’m ramping or at least spreading the gospel.
Done very well thankfully and a monumental upside of they get it half right.
I knew there was a good reason I bailed on asos.
Retail sector takeover gossip sp down 5%
Only at ASOS should be a marketing handle
Complete b@@@@@s
Waste of time why bother.
Is anything happening to day? Update?
I’m a spectator now so of independent thought.
In my view the shorts are working with MA to keep the price down whilst he’s amassed a huge position at a peanuts average.
They’ll be gone before any bank breaking news with a job done and have made a bucket load of cash at everyone else’s expense.
The market doesn't think so unless they have mistaken boohoo for asos.
ASOS is in the brown
No recommendations just closed all my positions and sold asos stock.
I’m done with ASOS it’s just a dog s””t stock.
It will probably double next week but I’m out and looking for something else to invest.
Good luck to the txt of you.
The stuff we don’t know is did the published short position mimic the total?
A number of shorts have missed out on 10%
Were they replaced with smaller positions
I was optimistic before the open and whilst most indices are flat yet off near 7%
Hard to believe or take. This s@@@e soaks up good news with little effect but tanks on nothing.
ASOS boohoo both off over 5 points!
Am I missing some news?
It looks inexplicable to me unless someone has the scoop on the interims.
Just watch for the shorts if they start piling back in you can bet it’s s@@t
Looking at the posts, all looking positive for today.
But it’s ASOS of course. So let’s mark it down 2% on 30,000 traded shares.
New year maybe but somethings dont change.
To think I sold RR at .90 something pence.
It's hard to see how the sp isn't moving higher off the back of the shorts closing.
It's a near 20% reduction of the known positions in a couple of weeks.
Same old asos 1 step forward 2 steps back
It probably won’t reach the old halcyon days as it was predicated on endless growth.
That said it’s got plenty of upside.
It’s safe to say if you’d been short asos in the last 6/12 months you’ve cleaned up.
If the shorts are now back tracking I wouldn’t be arguing with them.
My mood on the outlook swings constantly.
Early this week things looked like they’re really turning.
In the 440’s up nearly 10% shorts had reduced by almost .5% yet by Friday more than half the gain has gone.
Alll logic tells you we should be locked in now at the top end but on little volume we could be sat at £4 quid again.
To be a fair I reckon the next update from very good to very bad could give us a range of 3.40-6.40.
It’s a punt no doubt. My reasoning for not much below 3.40 is simply it gets taken out at something like that if it’s grim.
I’m still here because I think the upside bet offers significantly more from a risk reward perspective.
Dow Nasdaq futures look promising after a pull back yesterday.
I keep wondering what’s holding the sp back but then looking at a lot of the posts here there’s a lot of caution.
If the sp say hits 4.50/60 or maybe less plenty are taking some profit reducing their losses maybe with view to get back in later lower.
No criticism people, stick to your own strategies of course but it does provide a clue as to why it’s 2 steps forwards 1 step back.
Https://www.independent.co.uk/business/frasers-group-buys-matches-fashion-for-ps52m-b2467208.html
Mikes a busy boy