Member Info for JordiMendes

But this is currently an absolute sh*t show. People can blame Trump but other stocks are flying high or haven't been battered so much. The inventory issue was unfortunately huge and has damaged this company. Competition obviously is rife as well. But it's the issues in house more than competition imo.

I'll see where we are towards the end of the year before I make a decision whether to dump these. I don't expect it to test the highs of covid but 2008 recession levels is absolutely insane.

250.00 looks very possible which is an absolute farce. It was around that in 2008 which was a recession. Properly priced in to fail but the credit insurers only recently restored cover.

"Atradius and Coface restored cover last month after withdrawing it in 2023 due to concerns over the fashion retailer’s falling profits."

So who knows where this is going, but that is good news as they will obviously be more privy to how Asos is doing compared to us nobody's on here.

Re the link, being "talked" about is all well and good. We need to see decent results.

Asos are still a top company in the fashion industry, it was just crazy they let stock piles of clothes get out of hand. Competition is rife so can't see previous highs, but this should rise at some point.

I'm not a spring chicken but also young enough (im my 30's) to have a look at Asos. I did get a couple of bits near Christmas and the delivery took ages unfortunately. They do need to up their game in that regard as people have paid for next day delivery and Asos have managed to mess it up. Likes if Amazon are always on point.

"Jordi you can't possibly expect such a drop to conform to a known pattern on a chart?

I make really good money week in week out using charting techniques, this is not the time for technical analysis.

The big orange guy in the big white house across the pond is responsible for the global fallout of markets because he is a bit thick, the fallout is mostly due to our drop."

I just question the credentials of all on here tbh. Asos has been in freefall for a number of days now. Ocado almost up 10% today, a company that hasn't made a profit for a number of years. Wasn't a dig at you jamesss, I just wouldn't personally pay attention to anyone saying they can read charts, nor anyone (like Roberto) guessing that the sp will fall.

Crikey. So much for the chartists 🤣

As I said the other day, nobody has a clue, people pretending they know what they're on about and can read charts are lying and that Roberto fella was just obviously guessing when he predicted this would fall.

This looks weak now, so who knows where this will end up. Absolute sh*t show.

13.12p

Donald Truss / Liz Trump

Try again

*Tbf

Tbg sam, Matt hasn't said anything wrong. Still people pretending with the usual "oversold" and "look at the chart" nonsense

Jamesss, we already know the reuslts aren't going to be good, but hopefully some forward guidance.

Fair points Savage, but 12p a share for Capita doesn't seem fair value. 12p is for a company almost going out of business. Not just priced to fail, but failure just around the corner. Not saying this can't drop but imagine this hitting single figures.

Even during covid, companies like the AA which had billions of pounds worth of debt were about this current sp. Eventually went for 35pps when they were taking out.

Unless CPI really are going under, there has to be a point when these are going to be a bargain.

Into the 200's?

12's incoming?

Lowest sp since 2009

Hmmm, always hear things like "this is oversold", "look at the technicals". Unfortunately this is just an online forum, nobody has a clue. I'm just praying this does turn around as have quite a bit of ££ in this. Got some in Capita too and a punt in SolGold which looks doomed.

For Asos, the credit insurers news was pivotal and I am relaxed, however I have no clue when this will rise. Not does anyone on here. All just guesswork.

Not surprised it's sold out, most would have been sold at a loss imo. Jeans for £3.

Could we see single digits here?

Genuine question, anyone worried this will hit 0? Priced to fail and under 13 pence a share is unbelievably low.

Yeah, loads of stuff going for ridiculously cheap prices. I guess still trying to get rid of stuff they can't flog.

Some absolute tat on there but some sunglasses for £3 that don't look too bad.

Jesus christ you are thick.