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Michael Kors Holdings Limited Message Board

  • sydnorwilliam sydnorwilliam Dec 5, 2012 11:21 AM Flag

    KORS experiencing its own "fiscal cliff"

    When we reached the 50-day a day or so ago, I thought we were going to keep moving slowly upwards. The chart was starting to improve. Looks like it's going to take longer now. I'm still holding.

    Sentiment: Buy

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    • Paul,

      I agree 100%

      Sentiment: Strong Buy

    • I'm not a TA man myself but I do know reaching the 50 day & then slipping below is not great news.
      But I'm holding also, many times a stock makes a major move after dropping for no reason, like they say: "There's a shakeout before a breakout".
      The fundamentals here are the best in the industry, no one is showing this kind of growth.

      Sentiment: Strong Buy

      • 1 Reply to richrusso300
      • richrusso, This is my best idea in any sector. Remember how they guided up in September with only 2 weeks before quarter end...and then proceeded to blow out even those earnings. I would say they hit my "realistic" targets at earnings. Of course low balled guidance big time. I can't even imagine COH having quarterly earnings growth for this quarter better than KORS.

        COH eps is supposed to go from 0.77 to 1.29. Meanwhile KORS is supposed to go from 0.49 to 040. That is laughable! LOL.

        Just need a bit of patience for the tax selling and/or SAC Capital reducing positions due to redemptions OR other trader speculating about this and shorting or selling OR simply technical traders acting on what they perceive as weakness OR fearing another secondary to lock in gains.

        Sentiment: Strong Buy

    • I think the cliff is locking in profits by insiders at low tax rate
      . Sure it shows up in the TA but will reverse very strongly in jan

      Sentiment: Strong Buy

 
KORS
51.811-0.619(-1.18%)12:18 PMEDT