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Michael Kors Holdings Limited Message Board

  • qofaslave69 qofaslave69 Jun 28, 2013 4:30 PM Flag

    Volume

    The volume was heavy today as the second quarter came to a close. KORS and many retail names showed strength in a weak tape. On May 29 KORS traded 14 million shares and some of us figured these are institutional investors who are nibbling, and that they will return. Well, one month later we see some more nibbling as the quarter closes. If this is true window dressing, then expect to see some selling in the coming weeks.

    Congrats to those traders who were able to buy KORS under $57 and sell over $62 in one week of trading. That is some nice trading action for those who like to trade.

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    • I'm under the impression it was window dressing. Remember this is not end of month or even end of quarter, but end of half so many stocks saw alot of attention yesterday. All IMO I feel fund managers & institutions feel there will be no SPO until atleast next quarter earnings report. Weather we hit new highs before next earnings is a guess but we are not far from it. This SPO overhang is a problem, as last blowout earnings & even with the normal pre-erarniings run up I believe we traded only 1 day & 1 point in record territory from great earnings in a bull market & even then we declined on fears of another SPO.
      Whats next? Few besides this board mention SPO's but even Morgan Stanley acknowledges an S&P 500 inclusion will absorb all Sportsware & Mr. Kors will sell on the next SPO.

      Once the apprehension & overhang is lifted, which may be in a couple of months or so, the better for all & allow KORS to find it's true market price. This stock is still way too cheap.

    • It has something to deal with the end of the second quarter. Many stocks which trade on light volume had triple volume yesterday...Volume on NYSE was 33% above average and on Nasdaq 49% above average. It's huge volume.

      Either it may be as pigsuckingshortmaggot noted MMs balancing their books. Or also could be window dressing. Mutual Funds need to present quarterly reports. So many dump some losing stocks and add some popular names just on the last day of the quarter.

    • KORS has traded over 1/2 million shares in the first half hour of after hours trading alone...

 
KORS
91.14-0.30(-0.33%)Apr 24 4:01 PMEDT

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