By Chris Bailey of Financial Orbit | Monday 25 January 2021
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.
Earlier in the month, I talked about online clothing company ASOS (ASC) here with the opinion that the smart view was to take some profits on the prevailing £52+ share price. After all, the valuation was high and the company admitted it was worried about some shift back later this year to peers with online and actual stores. There is, perhaps, a solution.