Jefft; Don't scare pants off some COH owners ,they are not all long time owners with low cost base. CNBC has tuition money tied up in COH at around $48+. I hope he did cashed out ..I recommended first thing Monday to convert to cash. Don't put too much fear, COH may recover after hold up at $40.
Well, I didn't know ER on the 24th. If the stock continues to slide this week, there must be something seriously bad.
Like you said, if 40 is the bottom, that has to be only the bottom and nothing but the bottom.
hedge; I don't think COH earning will be disasterous but little off from anticipated target number will cause tremendous shift in COH normally high PE for growth factor. When they fail to deliever that anticipated positive surprise or exceed that forecast, we will pay back in share price. Are we already starting to payback this? we know on 24th. So it doesn't take much before share price crumble
and that's my signal to buy, when the other people aren't. COH is getting bitch slapped today and the posts keep indicating more downturn. and that is the odd lot signal
THIS IS BREAKING NEWS: just bought at 42.20
bonken, I do not know GES has been squeezing shorts in anticipation of market pullback or Marciano family unloaded some of their shares. But one thing is very clear that COH and GES has moved opposite direction. COH is following religeously with market. As I am writing someone of 140K just covered his short position on COH. COH has to go up unless its earnings are disasterous.