Not saying it will happen again by any means but last year during July/Aug COH dropped 15 points. Anybody remember why and what precipitated it?? Looking at 5 yr chart it really stands out as the biggest drop in a long time. Tough to hold back and not jump in but have other things going like EMC and Google....5 months ago I dropped a couple tips here about GLBL at 16 (now 26) and LMIA at 15 (now 25)..I wouldn't have posted them up here if I didn't think we could all make some mad money. OPBL was one i should have not spoken about when it was 7. Can't win em all.
Today (Friday, the 6th - up 3+%) is a very good reason why I don't sell and wait for autumn, but simply wait for opportunities to add to my existing position - the best of which we may have already passed. I'm not "out the stock", while someone who is playing what they think is a smarter game is completely flumfloxed.
My comment on cyclical refers to the summer pullbacks, which we see every year. That is a "cycle", which means to me tha the company gives me opportunities every single year to add to my long and lengthening position. COH is one of my oldest holdings.
I think that the cyclical nature of COH is one of the things that give me (and everyone else that follows COH) a sense of security - "Oh, it's not going down, it's just pulling back to another buy point".
Sorry if the tone of my post was not what I intended it to be. I love stocks like COH which give me multiple entry points yet keep goin up in a long pattern. I don't always buy at just the right time, but I do my best.
I can only think - it might have been the threat of hurricanes in florida. that seems to get everyone in a spin. just visited all the high ends - L.vitton, tiff, Hermez, and coach. I have to say coach has the nicest and newest cutting edge items. Tiff might come in second. Just my observation. I'll wait till August though.
annual..what the hell are you talking about..Intel is cyclical..Microsoft is cyclical...COH is on a long term bull run with only pullbacks in the summer time..and now is not the time to establish a bullish long position. COH will hit 42-44 by end of August caused by current weakness we are seeing in retail and a slight chink in relative strength. You can argue with me and others here all you want ..but calling COH a cyclical stock and jumping here hard right now is not a wise move. Go to tech for a while now..its been beat down.
Jefft; Wait till institutions start forced sale due to losing money with other holdings.. COH by itself maybe OK but all institutions carries other stocks so when they put pressure,they will be forced to sale goods stocks to raise funds. This is one of likely reason we had poor showing last summer with COH and other good holding stocks that got hit in Jul-Aug .06.. Way market appears now with cautious mood, likely hood of poor summer showing COH and others are very high.
This is where institutions lose patience, and it keeps tanking down. Same with the fast money that rolled into it, people have lost faith it will keep going up, so the rush to the exits from these groups will create more downward pressure. 40's will be gone in a short time!
I have to agree with your reasoning....lets see how July plays out with retail. I am shorting ZUMZ and ANF for a few weeks testing out the middle end retail summer sell off. Not going to short COH...just letting it do its thing.