Member Info for Itmustbeluck

I guess they could buy shares to lend them out to short sellers. But they do hold 3% by the look of it.

And then they talk the shares down. The logic here is they are in longer term and any short term drop isn’t relevant if ultimately you expect to sell the shares for a profit later.

They make money lending the shares and eventually profit when selling.

Simple this trading business!!!!

GS have just increased their stake in ASOS.

Not interested in Barclays update but GS increase is more than encouraging.

Unless I’m looking at different data, the short position has hardly changed.

Bloomberg is wall to wall hamas attack, they’re not talking business.

Oil up instability rife

It's interesting how we are all influenced heavily by the shorts and so called market experts.

7 days ago brent was $94 a barrel and all the talk was of 100 bucks. today its $82

Not many of them saw that coming!!!!

I’d be very careful making investments whilst looking at porn sites. The fizz you may be feeling has nothing to do with sp rise!!!!

That said I think you’re right. Whilst large increases are entertaining they are often quickly reversed.

If the lead up to Xmas is solid asos will end the year in good shape.

I see they’ve increased again. They clearly don’t have any faith in the management, don’t like the macroeconomic outlook or both.

Just 87,000 shares traded. I need match sticks.

It’s a choppy market, the Dow was down a lot before our close but up now so maybe better tomorrow.

The UBS upgrade was nice but didn’t last in the sp.

Only hard data is going to move asos.

That’s a nice turnaround today, have I missed some news?

In normal circumstances I would say this is a racing certainty for a bid but a combination of 2 large stake holders + Camelot as king maker.

Trouble is they all know the future value so a bid would need to be triple +++ the current share price and that whilst welcome I think it’s unlikely.

I’d love to be wrong.

Blah blah, MA has the funds to blow the shorts out of the water if he chose to do so. He’s got enough cash in his personal account to move this share £2 3,4 north if that were the goal.

Why does MA give a f???? About the shorts?

He’s buying they’re keeping the price down.

I agree, what’s going to drive a big spike? Take over? Not right now I suspect.

Shorts closing? Not really, they will unwind slowly for the very reason to avoid a spike.

2-3% a day for the next couple of weeks works great for me.

Interesting spike! How big was the trade

Do you have shares in the Telegraph?

Do you have any knowledge of the pink pound?

I've been in sales for ever, you can't sell to everyone, avoid difficult hard to please clients if they are not reasonable, know your customer, NEXT a great example.

Margin over revenue every time, know your true cost of sale.

keeping a customer is cheaper than getting a new one.

etc.

I'm not disagreeing or recommending a sale, just illustrating the intrinsic value in ASOS, I think the purchase price was £360 million that included £80 million in stock from recollection.

I'm convinced this is a turn around but if you're a pessimist just look at the underlying assets. That alone makes ASOS stupidly undervalued IMHO.