Member Info for Itmustbeluck

So what’s the view people? Any scope for a mild break out or are we just testing the top of the range before a predicable move south?

that’s excellent news, they’ll have to start abiding by rules, being accountable, they may even have to start paying taxes if they make a profit.

endlessly flogging tat, **** at a loss to grow the business at every one else’s expense should come to an end.

It’s great isn’t it? Being incentivised not to lose money.

Qube research back in! The reduced a couple of days ago.

Off 8% Mondays high, I curse the day I got involved in this f—-g business.

No cavalry today I’m afraid.

A pitiful 62,000 shares traded but it’s still marked down.

What’s that, 7% of the daily average.

Https://news.sky.com/story/consumer-confidence-on-the-up-ahead-of-christmas-but-still-in-negative-territory-13014618

Happy Friday folks!

I admire your optimism, asos always disappoints!

No idea! Did I miss something?

A spike back up just now

Down just the 3% I love this stock! Obviously a mini budget boost.

Go asos.

Congratulations I’m assuming you now own a little more of my worst performing stock?

Maybe we’re going to start low and end on a high today.

I won’t be holding my breath.

So we have 3 increases and one reduction in the last couple of days that broadly are equal.

So Qube -•02 is roughly 24,000 shares so what? £90k?

It doesn’t look like reducing at this rate does much for the sp

I'm just joking of course as I'm sure this figment would be illegal!

If MA had paid say £5 instead of £4 as an average, he's saved him self 24 million.

The shorts are exposed to say 7% or £34 million or 8.4 million shares, even if they collectively lose 20% on this bet it's just £7 million vs MA saving £24 million.

Mike buys every one a beer and pays everyone back for their losses and He's still near £20 mil to the good.

For what it’s worth the number 1 beneficiary of the ongoing shorts positions is MA Frasers.

They’ve acquired just shy of 20% of ASOS at probably sub £4 quid a share.

I’d it hadn’t been shorted over the last 6 months the sp would be way north of here.

The short positions just need to unwind slowly without causing a stampede and they’ve provided a useful service to MA.

Yes the physical ownership trumps options and instruments.

There's an episode of billions in here somewhere.

Better than nothing but don’t expect it to make blind bit of difference to the sp.

Is this a pattern? we seem to have a regular am 3-4% surge followed by a slow ebbing away back to where we started.

Sorry but I have recurring dream I’ve bought boohoo shares then wake up and realise it was Asos.