RE: BLOOD BATH22 Sep 2015 11:14
Markets are turning bearish mate, China wobbles and dovish FED are not helping. ASOS is an overvalued stock (its an online clothes store) and competition is increasing with no barriers to entry into the sector.
CEO has taken a back step and may be looking to punt his holdings.
Trends are looking awful.
Look for further falls to 2200p in the short term, could go as low as 1400p before year end.