Member Info for SteveFennel

Over 17% drop on the past 5 days, lower now than the trading update.

Hit 225p 20th March 2020…

Is to see there’s only 21 messages on this board today.

When I compare to a share like Future which is 9.39% down over the past 5 days, I appreciate how ASOS has held.

It’s always a bit nervy holding a volatile share through the weekend, but I feel quite comfortable at the moment. Certainly don’t blame anyone for taking profit at a time like this.

I’m actually relieved and surprised it’s held close to £4 with so many other UK shares down this week.

The reduction of short positions on 1.17, I also find encouraging. I’m happy to sit and wait, no doubt there’ll be profit taking, I don’t blame anyone for doing so.

Any reason? Maybe some selling pressure? Out of favour share? Seems an attractive price to me

The SP has fallen in the 30 minutes that you’ve posted this 😂

Now, I’m positive about Asos… but I don’t think people who can’t afford food will increase their clothes buying… that’d a tad over the top!

Vod, I thought you said you weren’t going to post any more last week?

Did you have a short position at c£3.30?

Huge UT and 3 large transactions at c.£3.70 after hours. Interesting!

Personally not too worried about today, there’s likely to be a lot of forced selling, mixed with profit taking.

Bring on the next week!

Seeing these now - yet no uplift, it’s been an odd day!

Does look that way, a move upwards back to 3.82, hopefully the selling is done. If the trackers have waited until today to sell then fair play.

I for one hope it doesn’t dip and just keeps rising 😂

It’s in the right direction 👍 huge increase from current SP

LongerGuy, I’m assuming he means ASOMY

Google search: “ASOMY stock price”

Exactly how I’m feeling Karl. It’s went from a nervy hold for me, to one I feel like I can just leave unattended for a while with a limit sell. Seems in my view that the management team have really got a grip on solving the issues.

I’d be very interested to know whether the likes of Squarepoint also have a long position and are hedging or whether they’re 100% short.

Thanks for posting - very reassuring for me

For those shorting c330, vultures.

And the man predicting 200p or “£200” after the reading update

Revenues are generally down across the globe… how companies are managing it is the key in my opinion.

Amazon is a recent example, the headline is how they adjust.

Some people were predicting admin for Asos, that’s the position we were in going into this update, so this is very reassuring in my mind, that I can sit on this share for a while.