By Steve Moore | Tuesday 16 September 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.
Having fallen from more than 7000p in February, shares in online 'fast fashion' retailer ASOS plc (ASC) currently trade a further more than 6% lower today, at 2270p, on the back of an update that “we expect profit before tax for the year to 31 August 2015 to be at a similar level to 2013/14”. So what now for the shares after the THIRD profits warning?
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