I don't want to rainn on anybody's parade.What happened to Big Mike's investment in Debenham's ?.I've forgotten the exact outcome of it all.In the end did he actually lose out ?.
Although a technical corrective spike this morning,It's hell of a lot better.Looking more like a softer bottom likely when it comes.
This is such a volatile share,it's hard to read most of the time on a short time basis.
Likely to be weakness from here,and sudden up and down spikes possibly.Being a day trader in this share is liable to give you a heart attack!!!.
I was writing a long post based on warning posters of what could happen in the future based on what on has happened in the past.Mysteriously my post disappeared.
If you were in Spain they block you putting a bet on in England.Yet they can't block porn coming in.
Anybody trying to do,or actually doing good is interpreted as being a Bad person.Boris and Donald are viewed by the masses as being "Great Men",EVEN NOW!!! they think this.
We are on the slippery slope going into it seems, a bottomless abyss.
In fact one poster i saw reckoned that charts were akin to astrology.Good luck trying to build a bridge based on that!!!
They didn't use thrown chicken bones or tea leaves to work out how to build the Pyramids et al.They used math,on which charts and everything to do with finance is based.
yep t4g,take your point,you could well be right.pedro yes i reckon there's a lot of investors hovering over the buy button that are in limbo just waiting for some good news to kick this share on up.
j.bash,yes i agree there is no magic formula kicking around that guarantees success.if you find one,best you keep it to yourself,(loose lips etc).besides if you are good at things (picking horse or share winners),you will be noticed and hacked.
when i said in one of my posts before,that i hoped to see the corrections pull up shor****aning that the 3rd corrective wave (of a 3 wave abc correction)is a lot lot higher than the top of the the first wave (one,or otherwise known as a).this would have pointed to a softer rounded bottom scenario.
this is not happening at the moment,in fact it's doing the opposite.which is why i'm so peed off with this share.
let's see what happens.gla.
Not liking this at all.I'm looking at the move down from 36.29 down to 34.89 that is a definite 5 wave move.The first corrective wave up did ok(35.82,)the next move in the 3 wave correction was down.It was very very sharp,which took us below 34.89,very unusual which suggested that a "running correction" was happening.This seems to be being confirmed as the next wave up is virtually collapsing in upon itself, when in fact in normal corrections it should be taking us higher than 35.82 (the top of the first corrective move).I'm not liking this one bit .The pattern is very weak.
I don't know what to say now.I wish i had some good news for the Bulls,but it's hard going!!!.I'm feverously looking to see how the pattern on the chart could change.We are nearing 33.42,which is a minor support where it previously took on up from on the 17th of July.A bit of help now,it going up, wouldn't go amiss.
If it goes significantly below 33.42,well what can i say!!!.I do hope i'm reading it wrong,because if i'm right then i reckon i'll abandon my decision to try and invest,based on the premise that this is one share where all you get is nasty sudden drops too emotionally draining to get involved in.G.L.A.,everybody is going to need it IMHO.
Just got back in.I had a stake in Boo but sold out at a small loss.I am considering a punt one day,this is why i'm watching it closely.
Those who posted that BOO will either up or down or sideways.You should read my posts again.They made no mention of my provisos,where you track the moves from here,and therefore change your opinion as things go on as to when to buy.
TG4G,yes you may be right.You have to admit that it's been hard going with this company.Still, as i said in my post,the bottom is near, sometime,hopefully not too far down from here.Let's hope for some good news to give it some help.
Since the 60p top,i have been looking at finding a 5 wave down move that started at about the 45p mark.Trouble is there are it seems possible extension waves appeared,where you have to sit back and wait for things to become clearer.
Yes i take your point about 25p,and if you take the length of the waves it does look set to bottom at least there.The only hope for the Bulls is if the down waves get pulled up as short as they are allowed to be and the down moves are less severe.Thus tending to give a more rounded bottom pattern.
We don't want to see any sudden severe falls anywhere from here,that would mean lower lows.I want to buy Boo and i'm monitoring it very closely.Let's hope we get some good news soon that can at least stop a sudden drop.GLA.
P.S. Sorry if this seems bad news,but i must be honest as to what i see.Maybe some other chartist on here reads it differently.I've never considered myself to be an expert,but on a lot of chat sites i have been surprised at people's analysis,and time proved that i was right.For all those that are underwater,i hope i'm wrong and that it soars up.
I would have got it wrong and missed out.But i can live with that if people get out of trouble.
I'm sorry,don't you mean,"to keep this DOWN".Sorry i suppose how you read it.There won't be enough sellers to stop it from going up ?.
I didn't notice the close last week below 35p.That means since 19th of June we have been in a corrective phase.One positive thing is that the correction has gone sideways on the chart a lot longer than expected.Which means there are a lot of bottom pinchers coming in and buying.
I expect we will be testing 30 to 32p range sometime.BUT i maintain that a lot more buyers are waiting on the sidelines ready to support the share at the 30 to 32p range.So we will be hopefully more in a sideways range,which will go on for some months,and build a base.
It will be a long wait,but finally the breakout will happen,even if 30p is broken and it spikes down in a last attempt at a shakeout to 25p,It won't be there for long.Perhaps we could get what in olden days they refer it on the chart as a "Prussian Helmet bottom".
I certainly wouldn't be selling at these levels.That's the technical bit done.The Fundamental side of things is that we wait for News of what's going on trading wise at Boohoo.I leave all the Fundamental stuff to your good selves to sort out.GLA.
That it should,and needs to move up this coming week.Don't want to see any weakness this week.No diving below 35p!!!!!!!!!!!!!!!.
Very good post,very well presented,researched well, and lots of solid points to read.My take on things is only from a technical viewpoint to enable me to enter Asos at a good price.
I shall certainly look for your posts in future to give me a fundamental view as to what's going on.As i say i can obviously get things wrong,that doesn't mean that i resent anybody with an opposing view of things.Unlike HeresHopin.
You sound like a "geezer"from down the pub,using words like Numpty,Saddo,you sound like a caricature of of young person called Darren,Luke,or Lee (apologies for anybody so named with a brain).
Are you going to do that stupid footy fan dance where you pump up up both arms in front of you ?.Dear o' Dear what a disappointment.I don't short,because i'm not that certain.
Unfortunately forums are awash with posters who sound as if they are the font of all knowledge,and cannot be ever wrong and that they are 100% right.
I have always said that i maybe wrong.What a waste of time.I won't be replying anymore to you as you do not know the social rules of discussion.Sadly and disappointingly i will now filter you.
Pedro,any book on the Elliott wave will do.But i thought that looking at your posts,that's what i thought you were using ?!!!!.
Remember it's best to dyor and use any out of left field calcs to arrive at the bottom.
Also remember sometimes it's not clear and you get two possible bottoms,so basically you are getting support levels where one is the absolute bottom.It should tie in with the Elliott wave.If it was straightforward everybody would be doing it and become rich.
Using Charts, and your own separate own research should tell you what's going on,and then it's a case of playing the percentages.Anything above a 66% prediction should help you decide when to have a punt.
HeresHopin,look guy,years of research to come up with a "guess"?.I already said that i could be wrong.Bit of a ridiculous comment.You have tha word HOPE in your name.I don't rely on it and neither should you.I respectfully ask your reasoning as to your opinion and what you base it on,Fundamentals ?.Feel free to comment, i promise not to be critical.
By the way i bought property at 36k in 1985,now 475k and retirement payoff paid for a flat in 1993, 38k now 250k,so no need to claim sick pay!!.
LWHL,i think i've already indicated i think.Anyway,i'll be back,with the proviso that there are no guarantees.Best to look for confirmation with other posters as to your own take on things.Well sink or swim together so to speak.
As for property,Ocean Drive in Miami was home to unemployed retired people on benefit in the 60's .Look at the prices now!!!!.But one day it will top out and return to what it was.You could buy a bombed building in London for £1 during the war.
Camden Town was home to Artists in the Victorian era,then in the 40's to 60's ,floors were let out to Irish Navvies.Since the it's become the Home once again of the rich.This latest bubble is faltering as Mortgage rates rise.
Some analyse it as a 5th wave extension Elliott wave rise.I just hope the last top of 295 (which was one of two calcs that i had done some 10 to 15 years ago),is the top of wave 3 and now we are correcting down to wave 4,before hopefully When (or if!!!!) it rises to the top of wave 5.What happens after is anybody's guess as everybody's primed for a punch up.
It's even strayed into cricket,EVERYBODY is angry!!!.If the Russian situation kicks off,or it gets even HOTTER,all bets are OFF everywhere!!!!!!!!!!.
Pedro,you need to look at shares charts where in the past they show the major tops and bottoms.Take the top price and do ANY math calc that gives you roughly the major bottom price.Just doing the % fall from the top to bottom is not enough,it needs a math calc first, then followed by a second math calc.
When you have found a number of ways that your equation works, you do the same with another share chart that shows major top/bottom and look to see if you get a match with your original equations.Do this with other shares to see if you get a continuation of your equations that have worked.
You can do the same using other points on the chart as the share price fell.Sometimes i got "rogue "figures that didn't match,but once for instance i had 140 worked out but two gave me 154 and 126,along with others that had given me circa 140.This puzzled me for a moment until i worked out that 154 and 126 average out as 140.
There is no substitute for hard work and puting in 8 hours a day for weeks on end.A guy saw me reading,while i was doing a part-time job,just for the social interaction of it all.He asked me why i read all the time while i was waiting for my next client.I answered him by saying that if you want to be very good at anything you have to immerse yourself in it all.
Like learning to swim,i said that to learn to swim you have to immerse yourself in water.There are no short-cuts.
Please look at my latest comments on the Asos chat site.Feel free to ask anything else.You are very welcome.
Thank you all for your posts.As for how i arrive at a sell on Asos,is,as i say i have done the math etc and come up with this.It's a technical analysis with no fundamental input.
"The equations work until they don't",well yes there is no guarantee with anything.I got stuck in the Eighties and decided to invest in property instead of shares and left it behind ,so money sorted.
In 2016 i went and done my research based on probability factors et al.Put it this way,in my first passion,horse racing i used to do my systems and got very accurate at predicting ROUGHLY the winning card number of the winner of a big race.BUT then,when i did 23 24 25 ,22 the donkey won.I got peed off doing 10 hours a day Monday to Saturday ( retired at 44),working out the winner only to be denied.Besides i got hacked,i had a winner at 180,next week i went to back a horse at 180 and it went to 100 in a split second between me pressing the button. I was being monitored.
So i thought that with Shares,i don't need to be so exact.If i had a bottom worked out at 230p, if i bought at 235 it didn't matter if it bottomed long term at 227p.Ballpark only,that's why i did the research.
Yes i may be wrong,one day soon i will invest in Asos,but not yet.GLA.
Basically i'm saying that you need to DYOR.Don't read all the brokers reports et al,,and think tat you have done analysis of a share company,that's other peoples analysis,do your own.Find out what consistently moves markets up and down.
The world runs on people doing Maths to do everything,whether it's building a bridge or anything else.
As i say do the math and find out which equations work.Then apply them all to your next share you think about buying.
If you get a buy point price the same in say 80% of your equations,you have something to go to war with.
Very busy at the moment.I will post a reply to you tomorrow with details.