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Michael Kors Holdings Limited Message Board

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  • smorcos83 smorcos83 Sep 12, 2012 6:33 PM Flag


    It's actually not that fishy. Every where I go I see KORS bags, shoes, wataches...clothes on ladies. I hardly ever see Burberry any more. KORS is doing well because it sells, it looks luxurious and doesn't cost as much as the other brands. I have currently have no position right now. Bought at 24.7 on IPO day, sold at 44 and change. Bought back again at 42, and sold at 53 and change. Waiting on secondary pull back.

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    • Well like it or not smorcos83 , if you are waiting for a pullback than you are in the shorts camp in saying that you expect the near term price to drop. Guess what that makes it a great short. With the secondary looming it puts a price ceiling temporarily and could head lower with extra caution after more selling. No ones arguing that there not selling extremely well but there are also valuation checks and how long can they keep up with this blistering pace if everywhere you go you see it than people already have it. Short on any price above the secondary (53.30 being highest) until the secondary hits.

      Sentiment: Strong Sell

52.35-0.60(-1.13%)12:47 PMEDT