anvboy, I see what you mean about the Yahoo software problems, and that is why I started a new thread. The technical traders point to the 61% Fibonacci retracement after the run-up which will drag KORS down to the $53 area as a final washout. I am not a TA guy, but they are often correct.
The "20% growth" is where management is thinks their growth will stabilize in future years. It certainly will not happen this year. KORS will transition from a growth stock to a value play at that point, and I have no interest in owning it as a value stock. Their growth trajectory is much higher than 20%. When KORS is "only" growing at 20% I will not own the stock. KORS is cheap right now as it trades 32 times earnings and growing at a 70% clip. KORS will earn $2 this year and $2.50 (at least) next year. That is 25% growth with a multiple of 25. That is a cheap growth stock.
Like you, I continue to add as I suspect robust growth for 2013. Their stock price will catch up to their gaudy EPS numbers eventually. Heck, Michael Kors will run out of stock to sell before women stop buying his clothes and accessories. NO MORE SPO's!!!