By Steve Moore | Monday 14 April 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
On 26th February this year, shares in then investor darling online fashion retailer ASOS plc (ASC) closed at 7050p. Today they trade at below 4300p, a level not seen since last July. What lessons can be learned from this dramatic fall from grace?
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