I believe it`s in anticipation of Thursday mornings Lululemon earnings report .I think the market is expecting a bad report from them and KORS is selling off early in sympathy before the fact. If LULU comes in shy then the sell off will continue for another day but i would buy on the dip at that point. If LULU beats then i think KORS is off to the races again. IMO Good luck
I doubt that. It is about profits in the stock that happened in the past year. Look at Apple the last few years and so widely held that people don't even bother diversifying away from it.
The pressure on Kors is the same as Apple except that on Kors there is little worry about fundamentals for next year but there is a bit of concern on Apple. Kors is not overowned either. KORS should bottom first.
Just imagine what happens after January 1st to KORS. It will fly so fast so far. Who wants to sell in January 2013? I can't wait for end of month.
KORS is a stock favored by hedgies because of its beta.When it failed to hold 50 the momo hedgies jumped in an shorted it.Its as simple as that.Nothing wrong with fundamentals.I held thx god and did not sell on the dip to 50.12