Because that jackass Cramer put it on his sell block. He never actually does the math to see that COH is still actually trading at the same PEG as the much slower growing NKE that he recommended tonight.
Cramer is the unofficial Wall St. "whore" along with his buddy Herb Greenberg. These guys actually are performing just shy of the illegal. If you look at the AH #'s the selling in small lots started exactly at the time Cramer was doing his "hatchet job". His followers are a bunch of unsophisticated amateurs who blindly follow him. Any selling tomorrow will be a good entry point. This stock has more to go.
yes...but atleast he just indicated to take some money off of the table because of how far it had run so fast...said to let the rest ride. Though that seems to be his mantra most times (bears make money...bulls make etc)... I have seen on more than one occasion where he will tell people with a huge profit to let it run. He's a bit inconsistent in that respect. I keep hearing comments about fading the retailers on this rally. I've seen many times that the high will be black Friday... but I think gift cards have thrown a wrench into all of that....lots of sales not realized til Q1 of the new year. COH is solid regardless IMO. Best of luck.