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Michael Kors Holdings Limited Message Board

  • richrusso300 richrusso300 Mar 11, 2013 1:42 PM Flag

    De Ja Vu?

    Remember after Christmas Citi downgraded eps for the holiday quarter & lowered it's price target from $68 to 60 saying KORS was heavily discounting? Stock dropped around 6% & below its 50 dma only in time to prove KORS was not discounting & shoppers were buying full priced KORS over discounted COACH.

    Now OTR says something negative just at the right time, makes you wonder...

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    • This is topical news reporting, no attempt to confirm, just repeat what is heard, especially given that OTR Global did not immediately say whether it thinks sales are decelerating only prospects of such was implied, and implied by who? No real sure, sounds like a big rumor. Also, CNBC reported that Kors is experiencing slow momentum, again no supporting data for such comment. Kors is now in the spot light, all negative, and you can blame this squaring on the managment especially Kors himself.

    • actually, otr didn't say anything, at least they didn't confirm. its just a rumor by a third party via twitter. shorts have been using twitter to attack stocks more and more. be careful what you read. twitter has become an effective tool for them to take stock prices down. it just works because people are naive to believe everything out there.

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