From end of day yesterday to today.
Last SPO dtock was very volitile even dropping below 40 (!!) & snapped back almost 20% in a day when earnings come out.
Expect this range of 60-58 give or take for perhaps 3 more months till earnings.
Fundamentals still great but some other retailers, COH, ROST, LULU got smacked down also today.
Systeminvestor, Yeah it's not difficult to lose confidence after a big down day for no reason. but KORS is up over 15% ytd & almost 200% since the IPO, this is not junk. The SPO is making the ignorant look bright in their gloom & doom posts. This is the 3rd SPO & we hit record highs after all of them when earnings are announced. Of course do what's comfortable but I am holding as no stock goes up every day & Goldman Sachs, Morgan Stanley, Citi has KORS on their top stock picks for 2013 & KORS has best growth in the industry.
Anyone can say a stock will go from 60 to 35, but with out any reasons it should be taken for whats it's worth, comic relief.
rich this means nothing -- first of all no growth stock will revolve around 58 to 60 for three months
i think it was just some selling tomorrow is another day -- today will be forgotten
this stock in due time - will recover to heights ..
One of the reasons I bought this stock is the volatility. Anyone can own IBM, KO, and MCD. But, the pin action in KORS gives you a chance to make good money in a short time. I doubt it trades between $58-$60 over the next few days. I am not talking days or weeks, but I bet in a few months KORS trades over $75. The shorts will need to cover before the next EPS announcement, or get their heads handed to them.
Yes, the shorts won the battle today, but KORS will win the war. I want the shorts to sell shares now, and buy them back at $75-$80.