I am very long KORS and I have made a 6 figure profit to date so I am not complainig about that. However, this is the most frustrating stock I have ever owned. KORS does not get the respect it has earned with it's incredible and consistently outstanding growth. So, it is down $3 today after posting blowout revenue and profit that exceeds 50%. Guidance was raised and everyone knows they are ultra conservative. Sorry, make that down 3.75 as I type. Really? I don't get it.
I was like... out of all the shares I own, KORS was the one who simply couldn't be one of those freaks that tank on good earnings, especially when market has resumed and uptrend, and... what the mudderf is going on? I'm adding more if it gets to $90.
six figures and you havent figured it..and the stock market out yet? there is no rationalization for short term moves..just noise and some legal manipulation....strong resistance at 100...and may take time now that market is peaking again... as long as it holds 90 everything is fine..
If you just take a look at a weekly chart it will tell you the entire story; lower left to upper right. Yes, there is way too much manipulation going on with this stock. I get nervous any time the TV pundits and media bring attention to this stock as it usually drives the stock down. KORS trades down on downgrades, and down on upgrades.
But, the stock rallies when you least expect it. I believe it is a core holding in any growth portfolio. KORS grew at 66% last year and has a 22 forward earnings multiple. Yeah, that is a lack of respect!
An investor must be patient as Wall Street is not going to let the retail investor make easy money.