Well hard to guess at this point. Coh and Kors are fighting for customers in the same price segment, which means that if COH is doing bad, it might have more to do with COH losing market share to Kors, rather than the actual market is shrinking. If Kors responds negatively to the ER from Coh i think the furthest it will fall is around $50. So I personally don ´t think it will get that ugly, but with that being said, Kors is one of the charts that has fooled me the most.
$50 would be a heck of a buy and hard to believe based on what this company has been reporting and projecting. I am ready to buy more for sure on the cheap...its like finding a great stock on sale. Heck I think its cheap now! I do think a drop below $49 would not be good!