Member Info for Phoenixy

Coinbase as in Coin ticker...

Back to Asos now...

Bitcoin and other cryptos will soon be offered as ETF - read news about Grayscale versus SEC where SEC lost the case. Blackrock news impending and can follow Grayscale decision...imo!!! DYOR! I am invested in coin and this went up 15% 2 days ago on news of Grayscale victory

Don't forget today is last day of Asos's financial year so this will want to close as high as possible.

FTSE 100 barely up if it's to do with no more interest rates rise news...

LFG it's in auction!!! 🚀🚀🚀

Therealelogo,

Down days are 8 out of 10 most of the times and I/ us retail are now immune to it ...let the shorters taste their own medicine for a change today...enjoy while it lasts!!! Hope this time its for longer duration!

Perhaps the shorts panicked after seeing couple of TR1s with MA, Camelot and Danish bloke increasing their stakes, and possibly today's rise is due to shorts closing! We will know tomorrow after close and find out revised short positions.

Was 300 down too from 1012+ . Hopefully it stabilises now before the next TU in few weeks.

We need to break 440p today, volume is there to do it!!

GLA

Perhaps the suppression in share price was mainly to keep it out of Ftse 250 inclusion with the deadline being yesterday. Now that is out of the way, maybe we can go past 440p this time around with a big push!

Should read as 'Most were expecting this rise yesterday instead of today'!

Lol..Most were not expecting this rise yesterday instead of today...see my post below. This is what MMs do take out retail investors...You have to hold tight or be in it to win it!!!

Millions of eyes were looking at Asos today after couple of TR1s yesterday. Obviously, everyone expected a big rise today, but it will only go up when there 's least expectation...ie. nobody looking! Maybe tomorrow now!

Shorts tend to reduce when the share in question goes up! Look at Ocado, it was in 400p in June when the short interest was about 7% AFAIK and was the most shorted share in UK. It rocketed to 1000p+ in July and that's when shorts reduced their positions and booked heavy losses or no profits those who shorts at highs. Increase in shorts does not necessarily mean that shorters are privy to confidential information. I think Asos can definitely do Ocado type recovery soon and maybe even beyond!!

Last time I checked Ftse 250 list about 2-3 weeks ago, there were about 30 companies between £350m and £600m market cap from the bottom with maybe about 15 companies under £500m. We may just get lucky! Fingers crossed!

Btw when does it become official if anybody knows?

420p for me to account for bank holiday weekend...lol

Yes, these stake buildings by MA and Camelot are having little affect compared to when a new shorter comes on board which then results in 15-20% decline in a few days.

We all though that MA was buying to stop any take over when it approached under 10%. Now he is under 20%. God knows if he wants his 30% before making a takeover offer.

Exciting times surely, ATB all!

Big day ahead with Jackson Hole and Powell speaking around 3pm. Remember Dow shed 1000 points in one session last year on JH day gives me hope that lightning won't strike again. Things can change in a jiffy though so let's hold tight.

Late trade registration possible cause of seeing 360s today Imo!

To me it looked like some shorts got closed/reduced around 360p level considering MA and Camelot stake increase. Or there is some sort of leak we are not privy too...time will tell. Tomorrow will be interesting if we close near the highs of the day.